Job reference number 292588
Regulatory Economist - London (Farringdon) - BC901
Full time
Permanent
Royal Mail Farringdon
An exciting opportunity has arisen, to join Royal Mail as a Regulatory Economist. In this position you will undertake economic analysis to increase the business’ understanding of the competitive dynamics of the markets in which it operates.
About the role
The role involves developing compelling evidence-based cases to ensure that Royal Mail can make full use of the commercial freedoms it has while complying with ex ante and ex post competition requirements.
You'll support Royal Mail in engaging and lobbying Ofcom on regulatory reform. This will include drafting responses to Ofcom consultations as required and preparing internal presentations and documents that clearly articulate the regulatory perspective on commercial decisions. There will also be responsibility for specific work strands e.g. on price caps and affordability.
You'll advocate for any regulatory changes required by the business and undertake pro-active analysis of the markets in which Royal Mail operates.
You'll provide ad hoc economic analysis to support regulatory disputes and/or competition investigations, if required.
You’ll be key in undertaking margin squeeze analysis to be submitted to Ofcom.
You'll engage with senior executives and explain economic concepts to them in a concise and non-technical manner.
You'll be an essential part of a friendly, collaborative, supportive team with an influential role in Royal Mail’s decision making.
About You
To succeed in this position you shall fit the below criteria:
- Minimum of a bachelor’s degree in Economics or a related discipline (postgrad in economics-related degree desirable).
- Demonstrated ability in applying economics in a commercial setting.
- Knowledge of regulatory and/or competition economics and its application in the UK (knowledge of postal sector regulation desirable).
- Proven experience of working on economic analysis in a regulated industry and/or on competition investigations.
- Strong numerical and analytical skills. Capable of identifying the relevant financial information required, analysing it and providing succinct analysis and insights
- Highly effective communication skills both written and verbal. Experience of presenting complex analysis and recommendations to non-technical audiences.
- Excellent stakeholder management skills and ability to build effective working relationships at all levels of the organization.
- Ability to drive work forward independently.
- Ability to work in a changing environment and to tight deadlines.
Extra Benefits
- Generous holiday entitlement of 5 weeks (plus bank holidays), increasing with years completed service
- Company pension scheme with competitive contribution rates
- RMG Share Schemes - partnership and matching share offer
- Family friendly support - enhanced maternity pay, paternity leave, adoption leave, shared parental leave and childcare vouchers
- Discounts and offers - there are more than 800 offers to help you save on things like groceries, days out, holidays and your household bills*.
- Supportive and generous company sick pay
- Access to our Feeling First Class service, providing both mental and physical wellbeing support
- Lifestyle benefits - You can purchase a car, bike, home technology or mobile phone, or choose from a range of health benefits and insurance products. You make regular payments from your salary, and so could save on tax*.
- Financial support - information and services to help you manage debt and grow your financial knowledge, with debt consolidation & savings plans*
- Your peace of mind with - Healthcare CashPlan, Dental Cover, Additional Life (life insurance) & Additional Life Partner, Hospital & Death Benefit Plans; Voluntary Critical illness & Voluntary Critical illness Partner
- Free & discounted RMG products - free keep safe & redirection, partner discounts
- Free stamps at Christmas
- Available only to perm employees
Your career in safe hands
At Royal Mail we value our people and we want our people to be proud to work for our businesses.
We have the assets, the infrastructure and the scale that others don’t, yet we are a big part of the communities we operate in, making billions of precious deliveries each year. We are responsible for the largest B2B customer database in the UK and are one of the largest employers in the UK, providing one in every 194 jobs.
An operation of this size needs a strong support network, and the HR, Legal, Finance, IT, Risk & Governance, Customer Experience, Sales & Marketing departments are all integral to helping us to utilise the latest technology and business approaches to optimise, automate and digitise our operations.
Royal Mail is a forward thinking, innovative organisation, that is also committed to reducing emissions and improving air quality in our communities. This includes investing in technologies such as electric vehicles, drones, alternative fuel trucks and energy improvements to our estate.
For more information about Royal Mail’s values of being positive, brilliant and part of it, please click on the link below:
About Us (royalmailgroup.com)
Closing Date: 9th February 2023. Please note, this advert may close early if the appropriate number of applications has been reached.
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