Office of Rail Regulation

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1 Office f Rail Regulatin Ecnmist Lndn, United Kingdm Clsing date: Friday 26th September 2014, 5pm Summary Lcatin: Lndn Clsing date: Friday, 26th September at 5pm Jb status: Permanent Hurs f wrk: 41 (with an hur fr lunch) Grade: E (HEO equivalent) Salary range: 31,457-38,142 per annum ORR jb reference: 52/14 This rle is pen t all external candidates. Summary As the independent safety and ecnmic regulatr, we prmte safety and value in Britain s railways. Our visin f success fr Britain s railways is:! Zer wrkfrce and industry-caused passenger fatalities, with an ever-decreasing verall safety risk;! Satisfactin levels f passengers and freight custmers equivalent t the best in railways and ther frms f transprt; and! Efficiency equivalent t that achieved by the best cmparable railways in the wrld. Abut the rle We are recruiting a Grade E ecnmist t jin the regulatry ecnmics and finance team, a team made up f 16 ecnmists and financial analysts. Our team wrks n a diverse range f ecnmic issues, cncerned bth with leading develpment f plicy, and prviding specialist advice.

2 Much f ur team s wrk is directed at the regulatin f Netwrk Rail and the wider industry t deliver better utcmes fr custmers and taxpayers thrugh greater efficiency. Example wrk areas include:! a fundamental review f the structure f charges and incentives with the aim f imprving incentives fr efficiency;! develping an evidence base fr ptins fr different frms f price cntrl fr Netwrk Rail and the ptential fr cmparative cmpetitin;! develping rbust and reliable methds f estimating Netwrk Rail s cst efficiency at a whle rganisatin and reginal level thrugh benchmarking and efficiency analysis;! develping an evidence base fr ptins fr imprving the perfrmance f system peratin functins. As ecnmists, we als advise teams acrss ORR by prviding excellent, relevant and timely ecnmic input and advice. Example wrk areas include:! ecnmic advice n track and statin access and licensing applicatins and changes t track access cntracts t the track access team;! ecnmic input t cmpetitin investigatins and cnsumer plicy develpment t the cmpetitin and cnsumer team;! ecnmic input t the strategy and plicy unit s engagement with the Eurpean Cmmissin/Ecnmic regulatin f the Channel Tunnel;! ecnmic input t the strategy and plicy unit led supprt t the delivery f UK Regulatr s Netwrk wrkstreams and t Infrastructure UK s delivery f supplemental infrastructure Green Bk appraisal guidance;! supprt t safety clleagues carrying ut ecnmic impact assessments; and! preparing and leading verseas delegatin presentatins n the UK mdel f independent ecnmic regulatin. Our team sits within the Rail Markets and Ecnmics (RME) directrate. RME wrks with the industry t prvide better utcmes fr custmers and funders. RME leads n:! develping and implementing regulatry ecnmics plicy;! develping and mnitring the financial framewrk;! wrk under UK and EC cmpetitin and cnsumer legislatin; and! develping plicy and prcessing applicatins fr new access and license agreements as well as amending existing agreements. The pst hlder will reprt directly t a line manager within the ecnmics team but we als encurage crss-wrking with ther teams and actively seek ut pprtunities t cllabrate n areas f wrk. Mst f the regulatry ecnmics and finance team is based at ur Lndn ffice. Our preference is that the successful candidate is als able t wrk at ur Lndn ffice, thugh we are willing t cnsider ther arrangements if they will satisfy business need. We wuld als prefer that the jb is undertaken full time, thugh we will cnsider part time arrangements if they will satisfy business need.

3 Key respnsibilities The successful candidate will wrk n a variety f areas, including cntributing twards ur wrk in preparatin fr ur 2018 Peridic Review f Netwrk Rail s utputs and funding. The wrk will include a mix f wrking n prjects that are led by the regulatry ecnmics and finance team and supprting the delivery f prjects led by teams acrss the ORR. The exact nature f the wrk will depend n business need but we anticipate that yur key respnsibilities wuld be t:! cntribute t ne r mre prjects that frm part f the PR18 prgramme. Fr example, we are wrking t imprve ur understanding f the csts which drive Netwrk Rail s charges, and t imprve the train peratr cmpensatin and incentive arrangements in relatin t netwrk perfrmance and engineering pssessins;! supprt the team s wrk t understand the drivers f train peratr csts, including help with the prductin f a large dataset and a reprt t be published n ur website;! wrk n plicy and case wrk relating t ecnmic aspects f the track access cntracts. The successful candidate will als be required t:! wrk with staff, ften in a multidisciplinary team, frm acrss the rganisatin, n a variety f prjects and initiatives;! be an active member f the regulatry ecnmics and finance team, including being invlved in team develpment and representing the team in pan-orr activities. There will be pprtunities t tailr sme aspects f the pst ver time t ensure that wrk is varied and ffers gd pprtunity t develp skills and capabilities. We expect the successful candidate t shape the rle and respnsibilities given their skills and areas f interest. The successful applicant will be expected t wrk flexibly acrss the teams and t take advantage f pprtunities t meet challenges in new areas as business needs develp. This descriptin f the jb may be subject t review, and is t prvide yu with guidelines within which yu wuld wrk. Other duties apprpriate t the grade may be assigned frm time t time. Abut yu Fr an infrmal chat abut this jb, please cntact: Deren Olgun n This pst wuld suit smene with a mixture f strng analytic and mre general skills. The ability t wrk well with spreadsheets cntaining large amunts f data and t write clearly and persuasively is imprtant. The pst hlder will be expected t prduce high quality analysis and wrk t agreed timescales and be pr-active in seeking feedback. It is essential that yu are able t demnstrate the fllwing qualificatins, skills and experience in yur applicatin and at interview:

4 ! qualificatins: an hnurs degree (minimum 2:1), and/r pst-graduate diplma and/r Masters degree in ecnmics r a related discipline;! knwledge and experience: relevant experience wrking as an ecnmist; a gd understanding f relevant micrecnmic principles, including csting and pricing principles;! applicatin f ecnmics: strng ability t apply ecnmics t ffer wrkable slutins, taking int accunt plicy cntext;! analysis and interpretatin f infrmatin: be highly numerate and be able t wrk cnfidently and effectively with spreadsheets and; ability t apply analytical and quantitative skills t assess the reliability and relevance f evidence;! creating and maintaining effective wrking relatinships: excellent interpersnal skills and ability t develp cnstructive wrking relatinships bth within and utside ORR;! cmmunicatin: cmmunicate effectively with members f yur team and clleagues within ORR and an ability t cmmunicate cmplex infrmatin t nnspecialists ; clear and fcused written wrk;! planning, rganising, managing prjects, peple and resurces: ability t manage the ttality f tasks assigned t yu, priritising effectively and meeting deadlines; able t deal with the unexpected flexibly; able t manage upwards;! leadership: ability t take accunt f the big picture when carrying ut yur wrk; and! develping and applying skills and knwledge: mtivatin and enthusiasm t undertake cntinuing persnal and prfessinal develpment. The fllwing qualificatins, skills and experience are als desirable:! understanding f regulatry ecnmics, including RPI-X regulatin. Please nte that all disabled candidates wh meet the essential criteria fr the jb (as set ut abve) will be invited t interview. Please if yu cnsider yurself disabled and please d nt hesitate t let us knw if yu will require any adjustments t be made fr yur interview. Benefits Please click the link belw fr infrmatin n benefits at ORR: The Terms and Cnditins fr ORR staff are under review. We are currently in cnsultatin with ur Staff Representative Grup. T find ut whether this will affect yu please fllw the link t ur rewards & benefits page

5 It is the candidate s respnsibility t ensure they are aware f the Terms and Cnditins they will adpt shuld they be successful in applicatin. Applying fr this psitin The clsing date fr receipt f all applicatins is 5pm, n Friday 26th September We will nt accept applicatins submitted after this time. Yu will be asked t submit a CV and cvering letter as part f the applicatin prcess. Please use the cver letter template prvided which can be dwnladed here. When uplading yur Cver Letter and CV please can yu save yur file as (Name) ORRCver Letter and (Name) CV eg. "Je Blggs ORRCver Letter" and "Je Blggs CV. Please nte yur applicatin will nt be taken further if the applicatin prcess utlined abve and the crrect cver letter frmat is nt crrectly fllwed. If yu wuld like mre infrmatin abut ur recruitment prcess, r need further assistance with cmpleting yur applicatin, please cntact ur recruitment partner, Penna. Penna: Phne: The shrtlisters d nt see yur persnal r sensitive data, they see nly infrmatin relevant t yur applicatin t the jb. Unfrtunately, due t the high vlume f applicatins we smetimes receive, we are unable give specific feedback n why yu have nt been shrtlisted and smetimes have t reject applicatins even thugh the basic criteria appear t be met. If we wuld like t prgress yur applicatin we will cntact yu within tw weeks f the advertised clsing date. If yu have nt heard frm us by then, I am afraid yur applicatin has nt been successful. Please d nt let that deter yu, hwever, frm applying fr future vacancies.

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