While economics graduates work throughout the FSA, this programme is designed for those who want to specialise in economics work. The Economics Development Programme is based in the Strategy and Risk Division of the FSA which contains two specialist teams of economists.
Economics of Financial Regulation (EFR) is a team of micro-economists, EFR helps policy teams across the FSA assess the costs and benefits of their proposed rule changes and undertakes longer-term economic research to support FSA policy-making, supervision and enforcement. Global Risk and Risk Aggregation (GRRA) is responsible for the FSA’s house view on macroeconomic and top-down financial market developments. GRRA produces its own research, but also works closely with sector teams, policy, and supervision to provide them with the specialist advisory services.
The three-year programme involves two rotations and an optional six-month secondment. The first year will involve a 12 month rotation in EFR or GRRA. The second year will include a six or twelve-month rotation between the teams or to another relevant part of the FSA.
During the course of the programme you will rotate between both departments and you will also have the option to be seconded to an external organisation for six months. The secondment is designed to broaden your commercial experience and could be to organisations such as the OFT, Competition Commission, HMT or an economic consultancy.
As part of the programme we will also sponsor you to undertake a part-time MA in Economics at Birkbeck.
Economics at Birkbeck www.bbk.ac.uk/study/pg/economics/TMSECNMC.html