Head of Regulatory Analysis & Assurance

Office of Rail and Road

Apply before 11:55 pm on Tuesday 26th November 2024

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Details

Reference number

376009

Salary

£66,932 - £79,654

London: £71,135-£79,654 or Regional: £66,932 – £72,709

Job grade

Grade 6

Grade A

Contract type

Permanent

Business area

ORR - Economics, Finance & Markets

Type of role

Corporate Finance
Economist

Working pattern

Flexible working, Full-time, Job share, Part-time

Location

Birmingham, Bristol, Glasgow, London, Manchester, York

About the job

Job summary

ORR's Periodic Reviews & Monitoring team sits within the Economics, Finance and Markets (EFM) Directorate, which leads on all aspects of financial and economic analysis within ORR, the periodic review process for Network Rail and ORR’s competition work. The team’s focus is on establishing the five-year funding and regulatory settlements for Network Rail and assessing how it is delivering against its commitments. We work closely with colleagues across ORR, as well as with governments, Network Rail and other stakeholders.

Job description

Periodic reviews are one of the principal mechanisms by which ORR holds Network Rail to account and secures value for money for users and funders of the railway (Department for Transport and Transport Scotland). They determine the level of funding Network Rail should receive and what, in return, Network Rail should deliver. The 2023 periodic review (PR23) set the funding and regulatory settlement for the five years from 1 April 2024 (known as control period 7 or CP7).

Your role will be to lead the team responsible for ORR’s work to prepare and deliver the next periodic review of Network Rail (PR28), which will consider the right balance of funding and outputs for Network Rail.

The post-holder will also be responsible for coordinating the cross-organisational monitoring and assessment of Network Rail’s delivery against its periodic review commitments. This includes assessing updates to Network Rail’s business plans and providing updates to the Department for Transport, Transport Scotland, HM Treasury and the ORR Board, drawing on the expertise of ORR colleagues in the areas of safety, train performance, asset sustainability and efficiency.

Person specification

For key responsibilities please see the attached job description.

Additional Information

At ORR, our hybrid working means that we currently work from our workplace location a minimum of 40% of our working week, although requirements to attend other offsite locations for official business, also count towards this level of attendance.  Working arrangements are subject to continuous review.  

Behaviours

We'll assess you against these behaviours during the selection process:

Working Together
Communicating and Influencing
Seeing the Big Picture
Making Effective Decisions
Delivering at Pace
Leadership
Developing Self and Others

Technical skills

We'll assess you against these technical skills during the selection process:

Familiarity with periodic reviews and incentive regulation
Understanding of technical analysis/expert input required to assess a regulated company’s (like Network Rail) business plans
Understanding of business planning processes, including assurance
Experience or knowledge of the UK rail sector is highly desirable, but not essential

Benefits

A Civil Service Pension with an average employer contribution of 28.97%

Details of our employee benefits can be found in the attached Candidate Information Pack.

Find out what our colleagues have to say about their ORR careers Our people Office of Rail and Road (orr.gov.uk).

Things you need to know

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Experience and Technical skills.

For information on the selection process, please see the attached Candidate Information Pack and Job Description.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a criminal record check.

People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

UK nationals
nationals of the Republic of Ireland
nationals of Commonwealth countries who have the right to work in the UK
nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).

The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information

This vacancy is part of the Great Place to Work for Veterans (opens in a new window) initiative.

Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

Name : Jennifer Genevieve
Email : jennifer.genevieve@orr.gov.uk

Recruitment team

Email : hr.recruitment@orr.gov.uk

Further information

If you feel your application has not been treated in accordance with the Recruitment Principles and you wish to make a complaint, in the first instance, you should contact ORR via email: hr.recruitment@orr.gov.uk If you are not satisfied with the response you receive from the Department, you can contact the Civil Service Commission: Visit the Civil Service Commission website here: https://civilservicecommission.independent.gov.uk/recruitment/recruitment-complaints/