Economist / Regulatory Policy Manager
£38,652 - £49,583
Bristol, Glasgow, London, Manchester, York
The Office of Rail and Road (ORR) is the independent safety and economic regulator for Britain's railways and the independent monitor of Highways England. We are here to ensure these networks operate safely and reliably, and provide value for taxpayers and customers.
The rail network plays a vital economic and social role. Prior to the onset of COVID-19, it carried over 1.7 billion-passenger journeys and moved around 80 million tonnes of goods and raw materials each year. Even before the pandemic, the industry had been changing rapidly with an emphasis on coordination between industry players, growing public sector involvement and a focus on tackling the structural causes of delays, and was set for wide-ranging reforms. These trends have accelerated over the past year and further reforms are expected in the near future. We are adapting our regulation in response to these changes, to ensure that the network is efficient, fit for purpose and delivers a high quality of service.
In this role, you will get involved in tackling these issues straight away, developing policy and leading challenging analytical work, working across multi-disciplinary teams, as well as with other government departments and the wider rail industry. Above all, you will be working to improve how the railways work and making a positive difference to the experience of millions of people in the UK.
Directorate & Team:
You will join the ORR’s Economics and Finance team in the Economics, Markets and Strategy (EMS) directorate. We are a mixed-discipline team of around 15 colleagues working on a diverse range of economic, finance and policy issues, concerned both with leading development of rail policy and providing specialist advice.
Your work will focus on the 2023 periodic review (PR23) of Network Rail, through which we set its funding and outputs. This will primarily involve developing, assessing and implementing options for the reform of charges and incentives. There will also be opportunities for you to get involved in cost benchmarking, one of the means through which we ensure the rail network is as efficient as it can be; and in the analysis of future rail demand, a topic that has grown in importance as the result of the pandemic.
Our team works in a flexible manner and there will be opportunities for your areas of responsibility to change over time, including supporting your ongoing professional development.
• Initiating, leading and project managing specific tasks within wider programmes of work;
• Developing and presenting options for changes to regulatory mechanisms; this will involve seeking and reflecting views from stakeholders, designing options from first principles, scrutinising documents, drafting committee papers, consultation documents and decision letters;
• Providing briefings and advice to more senior staff;
• Representing ORR at meetings with stakeholders, other regulators and government; this may include giving presentations in which we explain and test our policy proposals;
• Developing statistical and spreadsheet models;
• Working with, and managing, consultants.
• Supporting and supervising work by more junior colleagues;
• Contributing to the team’s development, and representing the team in cross-ORR activities.
Closing date: 11:55 pm on Monday 8th March 2021.