About the job

Job summary

Summer intern programme – Starting 1st July

You will undertake a single placement in the Economics, Finance and Markets Directorate working specifically in the Economic Regulation Finance/Analysis team.

Commencing 1 July 2024, this development programme runs for 8 weeks until 23 August, and is packed with a variety of opportunities, designed to provide you with first-hand experience of our sector. Your programme will offer you hands-on experience with the Economic Regulation Finance/Analysis team. By working on live projects and activities, you will gain a broad grounding of what drives our organisation and what we deliver. 

During this summer placement, you will gain meaningful and valuable work experience which will support you in your ongoing career journey.

You’ll be set clear objectives at the start of your placement and will complete mid placement and end of placement reviews with your placement manager.

Job description

Job Description

The Economics, Finance and Markets Directorate comprises three teams and this internship will be in the Economic Regulation Finance/Analysis team. The internship will suit candidates with a strong interest economic regulation (including finance and analysis), regulatory policy and/or competition policy.

Our regulatory work includes how to ensure the right balance of funding, outputs, charges and incentives for the monopoly providers of rail infrastructure like Network Rail. Our experts in economics and finance also support our work on holding regulated companies to account, and wider reporting and monitoring of the sector.

ORR is also the concurrent competition authority for rail which means that it has powers to take enforcement action against anticompetitive behaviour in the rail sector and to conduct market studies to look at possible competition problems in rail-related markets. It holds these powers concurrently with the Competition and Markets Authority.  

Your role will involve assisting the finance team in the financial monitoring of Network Rail’s regions and the development of aspects of region-level economic regulation.

Supporting the team’s analysis work in the Annual Efficiency and Finance Assessment and UK Rail Industry Finance publications. Assist with any ad hoc requests from the wider rail economics and finance teams, and ORR more generally to ensure a wide variety of different work within ORR.

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

Further information on nationality requirements (opens in a new window)

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.