Head of Regulatory Analysis & Assurance
Office of Rail and Road
About the job
Job summary
Team information
ORR's Periodic Reviews & Monitoring team sits within the Directorate of Economics, Finance and Markets (EFM), which leads on all aspects of financial and economic analysis within ORR, the periodic review process for Network Rail and ORR’s competition work. The team’s focus is on establishing the five-year funding and regulatory settlements for Network Rail and assessing how it is delivering against its commitments. We work closely with colleagues across ORR, as well as with governments, Network Rail and other stakeholders
Job description
Job Purpose
Periodic reviews are one of the principal mechanisms by which ORR holds Network Rail to account and secures value for money for users and funders of the railway (Department for Transport and Transport Scotland). They determine the level of funding Network Rail should receive and what, in return, Network Rail should deliver. The 2023 periodic review (PR23) has set the funding and regulatory settlement for the five years from 1 April 2024 (known as control period 7 or CP7).
Your role will be to lead the team responsible for ORR’s work to prepare and deliver the next periodic review of Network Rail (PR28), which will consider the right balance of funding, outputs, charges and incentives for Network Rail.
The post-holder will also be responsible for coordinating the cross-organisational monitoring and assessment of Network Rail’s delivery against its periodic review commitments. This includes assessing updates to Network Rail’s business plans and providing updates to the Department for Transport, Transport Scotland, HM Treasury and the ORR Board, drawing on the expertise of ORR colleagues in the areas of safety, train performance, asset sustainability and efficiency.
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.
A Civil Service Pension with an average employer contribution of 27%
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 Behaviours, Experience and 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
Working for the Civil Service
Please note this Post is NOT regulated by the Civil Service Commission. 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.