Head of Economic Analysis
OFGEM
Apply before 11:55 pm on Monday 18th November 2024
Details
Reference number
377094
Salary
£58,520 - £86,547
London £62,700-£86,547 National £58,520-£80,425. Please ensure that you read the Pay and Reward information for civil service and internal colleagues before applying.
A
Civil Service Pension with an employer contribution of 28.97%
GBP
Job grade
Grade 6
Level 3
Contract type
Permanent
Business area
Strategy, Economics, Research and NetZero Directorate - Economists/Office for Research and Economics Team
Type of role
Analytical
Economist
Senior leadership
Economist
Senior leadership
Working pattern
Flexible working, Full-time, Part-time
Number of jobs available
1
Contents
Location
Cardiff, Glasgow, London
About the job
Job summary
Ofgem is leading the charge to ensure robust, evidence-based regulation of the UK’s energy market, safeguarding consumers and driving economic growth. We’re looking for a Head of Regulatory Economics to join us and play a pivotal role in shaping the analytical framework that underpins our most important decisions.
Ofgem is Great Britain’s independent energy regulator. We’re at the forefront of change across the energy sector, driving toward Net Zero whilst protecting energy consumers - especially vulnerable people.
We’re offering a permanent role that puts you at the heart of decision-making processes that impact millions. You’ll lead a highly skilled team and collaborate across the organisation to improve analytical capabilities, ensuring that our policies and regulatory stances are backed by robust economic evidence. This role offers the unique opportunity to make your mark on high-profile projects that will shape the future of energy regulation.
You'll be part of a supportive and forward-thinking environment that encourages innovation and professional growth. As a leader in the Office for Research and Economics, you’ll provide assurance on major analytical projects and build meaningful connections with academics and industry experts. This is a rare chance to influence significant regulatory reforms and work on projects that have national and international implications.
We’re looking for someone with a strong foundation in economic analysis, excellent leadership skills, and the ability to work flexibly across multiple projects. You should be adept at synthesising complex data into insights for senior leaders and external audiences, while also building strong working relationships both within and outside Ofgem.
In addition to flexible working options, you’ll benefit from a competitive salary, an excellent pension scheme, and a commitment to work-life balance. We also invest in the continuous development of our people, offering further training and opportunities to enhance your career in a vibrant and meaningful environment.
We have a critical purpose to enhance our economic analysis and ensure the quality and integrity of our regulatory decisions. As Head of Regulatory Economics, you’ll lead initiatives that support the UK’s ambitious energy goals and safeguard the interests of consumers.
Read on and find out more.
Ofgem is Great Britain’s independent energy regulator. We’re at the forefront of change across the energy sector, driving toward Net Zero whilst protecting energy consumers - especially vulnerable people.
We’re offering a permanent role that puts you at the heart of decision-making processes that impact millions. You’ll lead a highly skilled team and collaborate across the organisation to improve analytical capabilities, ensuring that our policies and regulatory stances are backed by robust economic evidence. This role offers the unique opportunity to make your mark on high-profile projects that will shape the future of energy regulation.
You'll be part of a supportive and forward-thinking environment that encourages innovation and professional growth. As a leader in the Office for Research and Economics, you’ll provide assurance on major analytical projects and build meaningful connections with academics and industry experts. This is a rare chance to influence significant regulatory reforms and work on projects that have national and international implications.
We’re looking for someone with a strong foundation in economic analysis, excellent leadership skills, and the ability to work flexibly across multiple projects. You should be adept at synthesising complex data into insights for senior leaders and external audiences, while also building strong working relationships both within and outside Ofgem.
In addition to flexible working options, you’ll benefit from a competitive salary, an excellent pension scheme, and a commitment to work-life balance. We also invest in the continuous development of our people, offering further training and opportunities to enhance your career in a vibrant and meaningful environment.
We have a critical purpose to enhance our economic analysis and ensure the quality and integrity of our regulatory decisions. As Head of Regulatory Economics, you’ll lead initiatives that support the UK’s ambitious energy goals and safeguard the interests of consumers.
Read on and find out more.
Job description
Key Responsibilities
Reporting to the Chief Economist, the candidate will deliver a programme of work designed to:
- Support and collaborate with policy teams in producing robust and high-quality analysis to enable good decision-making.
- Quality-assure key analytical work, including impact assessments and proposals to the board, working with Ofgem’s policy teams.
- Design and embed a programme of activities to ensure that Ofgem adheres to the recommendations of the Macpherson report on model quality assurance.
- Design and deliver key training programmes to support the development of Ofgem’s analytical capability.
- Represent Ofgem at external stakeholder events.
- Lead a team of around 8 staff and act as part of the leadership team of the Office for Research and Economics.
- Cooperate with programme leads across Ofgem and in some cases with partners (e.g. DESNZ, NESO) to provide assurance on the quality of analytical work on major projects.
- Build interpersonal links with academic experts on energy issues, including through Ofgem’s academic panel.
Key Outputs and Deliverables
- High quality assurance of key analytical decisions.
- Development of guidance, policies and procedures.
- Publication and ongoing review of Ofgem’s regulatory stances.
- Representing Ofgem effectively and enthusiastically with external stakeholders.
- Management responsibility for a team of around 8 people.
Person specification
Essential Criteria
- Degree in Economics/related subject or comparable capability built through relevant professional experience in economic analysis. (Lead criteria)
- Extensive experience of working on comparable economic issues, either working in the energy sector, or in relevant areas of economic regulation. (Lead criteria)
- Significant experience and expertise in economic appraisal, particularly impact assessments.
- Experience leading and motivating a team.
- Excellent interpersonal and team working skills including building strong relationships both internal and external to the team.
- Proven ability to work flexibly in different roles across a range of different analytical projects.
- The ability to effectively communicate and synthesise analysis and data for senior decision-makers and external audiences, both verbally and in writing.
Behaviours
We'll assess you against these behaviours during the selection process:
- Seeing the Big Picture
- Leadership
- Managing a Quality Service
Technical skills
We'll assess you against these technical skills during the selection process:
- Please refer to the Candidate Pack and Role Profile attached for full details.
Benefits
Alongside your salary of £58,520, OFGEM contributes
£16,953 towards you being a member of the Civil Service Defined Benefit Pension scheme.
Find out what benefits a Civil Service Pension provides.
Ofgem can offer you a comprehensive and competitive benefits package which includes; 30 days annual leave after 2 years; Excellent training and development opportunities; The opportunity to join the generous Civil Service pension which also includes a valuable range of benefits; Hybrid working (currently 1 day a week in the office but is in review), flexible working hours and family friendly policies. Plus lots of other benefits including clean and bright offices based centrally, engaged networks and teams and an opportunity to contribute to our ambitious and important targets of establishing a Net Zero energy system by 2050. This exciting blend of professional challenge and personal reward identifies career opportunities at Ofgem as something to get excited about.
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.
When you press the ‘Apply now’ button, you will be asked to complete personal details (not seen by the sift panel), your career history and qualifications.
You will then be asked to provide a 1250 word ‘personal statement’ evidencing how you meet the essential and desirable skills and capabilities listed in the role profile. Please ensure you demonstrate clearly, within your supporting statement, how you meet each of the essential and desirable skills and capabilities.
The Civil Service values honesty and integrity and expect all candidates to abide by these principles. Ofgem take any incidences of cheating very seriously. Please ensure all examples provided are of your own experience. Any instances of plagiarism or other forms of cheating will be investigated and, if proven, the relevant applications will be withdrawn from the process.
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
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).
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.
The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.
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.
The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window).
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Contact point for applicants
Job contact :
- Name : Jennifer Hughes
- Email : recruitment@ofgem.gov.uk
Recruitment team
- Email : recruitment@ofgem.gov.uk
