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Director of Regulatory Reporting & Assurance, Reading
Client: Thames Water
Location: Reading, United Kingdom
Job Category: Other
EU work permit required: Yes
Job Reference: 3441d672d780
Job Views: 6
Posted: 21.03.2025
Expiry Date: 05.05.2025
Job Description:
What you’ll be doing as Director of Regulatory Reporting & Assurance
As Director of Regulatory Reporting and Assurance, you will be accountable for delivering the Company’s Regulatory Reporting requirements, including the twice-yearly delivery reports required by Ofwat in the PR24 determination, the annual performance reports to Ofwat, including management of financial and non-financial submissions, and working with the communications and investor relations team to ensure effective messaging and engagement.
You will be responsible for ensuring that teams across Thames Water are aware of what they need to do to enable the delivery of reports to the Company’s regulators (Ofwat, Environment Agency, Drinking Water Inspectorate) in a timely fashion and to a high quality that inspires confidence in the Company’s progress.
You will be accountable for developing and implementing processes to assure price review and any IDoK submissions, including analysis and materials supporting board assurance statements, assurance of data table submissions and any other assurance requirements, including provision of third-party assurance as appropriate.
You will also be accountable for developing and implementing processes to assure submissions provided to Ofwat as part of the various gated processes and contingent funding applications put in place as part of PR24, including provision of third-party assurance as appropriate.
As a member of the Strategy and External Affairs (S&EA) leadership team, you will support Thames Water to improve its relationships with all our regulators and key external stakeholders and will work actively to support the culture change needed to achieve this. You will also work in this capacity to disseminate the work of the S&EA team across Thames Water and build effective relationships for the team.
Main Accountabilities & Outputs
* Design and implement Regulatory Reporting process to deliver all performance and delivery reports to meet regulatory and corporate governance requirements.
* Build effective reporting mechanisms to capture all activities to be reported to our regulators.
* Develop and implement processes to assure submissions provided to Ofwat as part of the various PR24 gated processes and contingent funding applications.
* Design and deliver assurance processes for the provision of all data and information provided to our regulators.
* Lead the presentation to the Thames Water board and relevant board committees of material and analysis to support their decisions.
* Design and manage assurance processes to support the assurance of data provided to our regulators as part of PR29.
* Manage the reporting requirements to support an effective working relationship with the Monitor appointed by Ofwat.
* Working with the Communications team to enable the use of regulatory reporting information to build trust and confidence in the Company.
* Lead negotiations with our regulators to influence their reporting requirements.
* Liaise with teams across Thames Water, communicating effectively to ensure requirements are understood.
* Lead and manage the Regulatory Reporting and Assurance team.
What you should bring to the role
* Successful track record of building and delivering on complex, high-profile company-wide programmes.
* Proven stakeholder management skills at a senior level.
* Proven track record in promoting successful collaborative working.
* Excellent influencing and advocacy skills.
* Ability to assimilate large quantities of technical information and data.
* Proven ability to evaluate problems and identify solutions.
* Ability to prioritise tasks and workloads.
* Ability to lead and manage delivery in the face of ambiguity.
* Excellent written and oral communication skills.
What’s in it for you?
* Competitive Salary
* Annual Leave - 26 days holiday per year increasing to 30 with the length of service (plus bank holidays)
* Car Allowance
* Performance Related Pay Plan
* Personal Medical Insurance – Family cover
* Pension – 12% non-contributory pension
Find out more about our benefits and perks.
Who are we?
We’re the UK’s largest water and wastewater company, with more than 16 million customers relying on us every day. We want to build a better future for all, helping our customers, communities, people and the planet to thrive.
Our overarching aim is to ensure that Thames Water is a great, diverse and inclusive place to work. We welcome applications from everyone and offer extra support for those who need it throughout the recruitment process.
Disclaimer: due to the high volume of applications we receive, we may close the advert earlier than the advertised date, so we encourage you to apply as soon as possible to avoid disappointment.
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