Principal Economist and Regulatory Specialist

Overview

As a Principal Economist and Regulatory Specialist you will lead the standards delivery workstream You will provide regulatory and policy expertise related to railway standards lead the development of economic impact assessments and business cases and facilitate cross-industry consensus You will also provide strategic direction to the teams other two workstreams

One of RSSBs functions is to develop railway standards on behalf of the railway industry in Great Britain Standards are an agreed way of doing something They support the railway to function as a whole system help manage risks open markets and reduce costs as the industry does not have to keep reinventing the wheel

• The &lsquo standards management workstream looks after and implements the governance arrangements for developing standards and monitors compliance It also develops manages and seeks continuous improvement in internal policies processes and procedures
• The &lsquo standards delivery workstream leads on economic assessments and supports the development of business cases to change standards It also provides technical expertise on regulatory policy to projects and cross-industry committees
• The &lsquo policy and strategy workstream sets the strategic direction for the future development of standards Its expertise in regulatory policy helps influence changes to legislation related to standards It works closely with industry bodies like the Department for Transport (DfT) and the Office of Rail and Road (ORR)

• Lead the strategic direction for business cases to create or change railway standards to ensure they remain appropriate and robust Direct the adequacy and quality of the content of business cases standards and other documents and advise whether there is a case to take them forward
• Actively engage with stakeholders from across the industry so RSSBs outputs meet their needs are of high quality result in tangible benefits and are accepted by cross-industry groups and committees
• Provide expert economic and regulatory advice to internal and external stakeholders
• Lead the development of economic assessments best practice models and methodologies including cost-benefit analysis to assess the value of railway standards and the cost to industry of implementing them Also provide this expert input to other directorates and the national research development and innovation programme
• Maintain familiarity with best practices in decision analysis techniques methodology and applications particularly those in use in transport and identify opportunities for improved methodologies for application to rail standards and other RSSB work
• Prepare and present economic and analytical concepts to non-technical audiences in a way that engages informs and drives decision-making
• Support the delivery of RSSBs commercial work programme
• Lead the team in implementing the Rail Standards Strategy and delivering the RSSBs Business Plan commitments to time quality and budget
• Provide direction advice and coaching to develop direct reports Lead the development of competence across the Directorate in the knowledge understanding and application of economic and regulatory matters

• A minimum of a bachelors degree in a relavant field or equivalent experience
• Analytical skills to assimilate complex and multiple sources of information and large varied datasets to provide insights in the context of the railway system
• Experience using rail industry and wider forecasting and appraisal guidelines (for example TAG PDFH Green Book)
• Experience writing and reviewing technical docume