Senior Regulatory Economist

Job Title: Senior Regulatory Economist
Location: London
Category: Economic Regulation
Type: Fixed Term Contract
Salary: Up to £80,000 with great benefits
Reference #: VN2482
Job Description PDF : View Description

Job Description


Are you a Senior Economist and Regulatory Finance specialist looking to be part of a substantial and high profile regulatory programme?

We're responsible for the development of the economic regulation framework which will help deliver the new runway at Heathrow. This will be one of the biggest privately financed infrastructure projects in the world and there will be significant challenges in terms of adapting and developing the framework for economic regulation.

The role

In this high-profile team, you'll play a leading role in developing economic policy and the overarching regulatory framework for the new runway and associated capacity expansion.

You'll be developing and implementing our approach to economic regulation, driving policy in relation to the cost of capital and incentives which will be a key priority.

More broadly we are taking forward a comprehensive set of work programmes including:

- Reporting to the Secretary of State via a Section 16 process on engagement between Heathrow airport and airlines on capacity expansion;

- Monitoring and making sure the current economic regulation settlement for Heathrow, Gatwick and NATS;

- Promoting the value and quality of air navigation services, as part of regulating NATS and implementing the Single European Sky programme;

- Engagement with stakeholders throughout the regulatory process.

About you

You'll need good knowledge and experience of regulated industries, gained from working for a regulator, competition authority, regulated company or consultancy.

You will need to have worked in Economic regulation at a senior level, ideally including airports.

Additional skills/experience

- Conversant with approaches to economic regulation taken in other industries;

- Expertise and experience in the estimation of the cost of capital for a regulated company;

- Understand and analyse the financial and commercial drivers of different stakeholders, relevant to our economic regulation;

- Ability to establish effective relationships with senior stakeholders – including Board level – within and outside the CAA;

- Ability to work effectively in a small, multi-disciplinary team where some team members will be working remotely; and

- An understanding of the UK aviation sector would be desirable or showing the ability to build required understanding in a short period of time.

- You will need excellent analytical skills and a firm grounding in economic principles, as well as the ability to drive forward progress across organisational boundaries focusing on results.

- You'll need the ability to think strategically about the challenges you face.

What can we offer you?

Working with a great team on solving problems for consumers. A friendly atmosphere and flexible working and being able to take pride in producing your best work. We have genuine diversity across our team – both in terms of our skills (economists, regulatory experts, accountants, aviation specialists and lawyers) and also with our people coming from all parts of society and having many different backgrounds.

In everything we do, we blend a passion for protecting consumers with common sense and seek to deliver strong evidence-based policies. We are proud to challenge conventional thinking, leverage insights from one sector to another, while working flexibly to deliver the best outcomes for consumers.

Additional Information

This role is currently based in our Holborn office, however, we will be relocating our teams in Holborn to a newer and more vibrant workplace in Canary Wharf later this summer.

Working with us

We are committed to smarter working arrangements and will consider all applications. We recruit by merit on the basis of fair and open competition. We embrace diversity and promote equality of opportunity.

We offer a range of fantastic benefits such as flexible working arrangements, 28 days annual leave, a competitive pension scheme and much more.

Interview date: week commencing 8th April

Closing Date: 29th March 2019
  or     if you have applied to the CAA previously

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