About the job

Job summary

ORR's Regulatory Finance team sits within the Directorate of Economics, Finance and Markets (EFM), which leads on all aspects of financial and economic analysis and modelling within ORR, the periodic review process for Network Rail and High Speed 1 (HS1) and ORR’s competition work. The team’s focus is on establishing the five-year funding and regulatory settlements for HS1 and Network Rail and assessing how they are delivering against their commitments. We work closely with colleagues across ORR, as well as with governments, Network Rail, HS1 and other stakeholders.

Job description

ORR holds Network Rail to account and secures value for money for users and funders of the railway (Department for Transport and Transport Scotland). A key part of our work is analysing and reporting on Network Rail’s financial forecasts as part of a cross-office team. This will also inform our modelling for our 2028 periodic review of Network Rail.

PR24 (2024 periodic review of High Speed 1 (HS1)) determines the charges High Speed 1 can set for using its network, for the five years from 1 April 2024. Your role will determine the financial assumptions that the charges are based on.

The post holder will lead on whole industry reporting. This is a developing role following the UK Government’s reform agenda. This includes both our work on whole rail industry financials and productivity.

Person specification

For key responsibilities please see the attached job description.

Benefits

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 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.