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Salary: £70,000 up to £80,000 dependent upon experience
Contract Type: Permanent, Full-time
Security Level: BPSS
Visa Restrictions: This position does not offer visa sponsorship.
We are the UK's aviation and aerospace regulator and recognised as a world leader in this field. Our activities are diverse, enabling the aviation industry to meet the highest safety standards, and we pride ourselves on our ability to adapt to the constantly evolving aviation environment.
The Role
The Economic Regulation and Competition Policy (ERCP) team is a vital part of the Civil Aviation Authority's (CAA) Consumers and Markets Group (CMG). It protects consumers by ensuring that airports and air traffic service (ATS) providers do not exploit their market position and has responsibility for the economic regulation of Heathrow Airport Limited (HAL), Gatwick Airport Limited (GAL) and the monopoly air traffic services provider for the UK, NATS (En Route) Plc (NERL). It is also responsible for discharging the CAA's concurrent competition responsibilities relating to the provision of airport operation and ATS.
The team's remit is expanding to provide economics input and support to the CAA's wider policies and initiatives, including in relation to shaping new technology markets, airspace modernisation and other competition and consumer issues. Understanding the impact of policy options and our actions is essential in ensuring we protect the interests of consumers while allowing a fair opportunity for investors and supporting wider aviation policy.
As a Senior Economist, you will play an important role in our work in the economic assessment of key policy issues and initiatives across the price controls, developing the regulatory frameworks for airports and ATS, and working on competition and wider policy projects. This includes work on costs and incentives, regulatory investigations, and mechanisms to set regulated charges, as well as assessing economic and consumer impacts in the development of CAA policy and strategy.
You will work across the team to review and challenge submissions from the regulated companies, develop policy options and manage the work of external consultants. You will have the opportunity to drive forward key workstreams, write high-profile policy documents and work effectively with our own external advisors and consultants. Our decisions have the potential to be contentious and need to be robust to legal challenge.
This role is permanent and offers the opportunity for professional development, through working within a highly experienced team, directly influencing and engaging with senior leaders, and working across a wide variety of high profile and interesting economic and policy issues.
We understand that work-life balance is key and would be happy to consider those seeking part time work and/or a job share as well as those seeking a full-time role. We operate (and are committed to) a hybrid working model, with the flexibility to work remotely for part of the week. The team currently requires attendance in the office around one and half days per week for full-time employees (pro rata for part time colleagues) on average and we will keep this under review based on team needs.
Core Accountabilities
As a Senior Economist you will be responsible for:
1. Delivering complex economic analysis that supports our work on price controls and other aspects of the regulatory frameworks for airports and ATS.
2. Ensuring that the analysis that supports the CAA's decisions is robust to external challenge and scrutiny and supported by appropriate quality assurance processes.
3. Inputting economics advice in relation to wider CAA policy areas typically led by colleagues outside of the ERCP team, such as consumer protection interventions, promoting resilience and sustainability across the aviation sector and delivering airspace modernisation.
4. Representing the CAA in meetings with stakeholders on a wide range of economic or regulatory issues.
5. Overseeing the work of our technical advisors and consultants and providing a critical review of the analysis provided.
6. Reviewing and challenging regulatory business plans and submissions from stakeholders.
7. Ensuring key deliverables are provided on time and to a high quality.
8. Translating technical economic and other issues into simple explanations, analysis and presentations that will be suitable for non-technical audiences.
9. Line management of more junior members of the team.
10. Championing CAA values and D&I policy.
You will also be expected to support the delivery of other aspects of the regulatory and price control framework as required and may need to work with other regulators and represent the CAA at external groups, such as the UK Regulators Network (UKRN).
About You
Please ensure to upload a cover letter to support your application
Skills, knowledge and experience that are essential for the job:
1. A degree in economics (or closely associated subject or equivalent level of knowledge).
2. Demonstrable experience conducting economic analysis to inform decision making within a government department, regulator, regulated company or consultancy (or other relevant experience).
3. A track record of managing your own workload and the workload of others, prioritising tasks appropriately and solving problems creatively.
4. Ability to work collaboratively with colleagues from a variety of different backgrounds, including outside of your own team, and to explain economic input and analysis to non-economists in a way that can be readily understood.
5. Very good analytical skills and the ability to design and oversee detailed economic analysis.
6. Ability to write clearly and produce persuasive written documents for publication.
Desirable skills, knowledge and experience:
1. Understanding of issues in regulatory economics.
2. Experience of regulatory finance and accounting issues.
3. Knowledge of aviation and/or other transport sectors.
We welcome applicants from both private and public sectors. For applicants currently working in the Civil Service, we encourage applications from those working at Grade 7 (or equivalent) or above.
Additional Information
For many appointments within the CAA, these roles require access to operationally sensitive infrastructure and/or Nationally Protected information. For these roles the post holders must undergo National Security Vetting and achieve the appropriate level of clearance.
To be vetted you must have the right to work in the UK so that meaningful checks can be undertaken.
If you do not meet these requirements, we may not be able to accept your application.
For more information on BPSS clearance please visit - BPSS clearance
The CAA values high ethical standards and personal integrity among employees. If invited for interview you will be asked to complete a declaration of interest.
Relocation & Property
The CAA will be relocating from Aviation House (Our Gatwick Office) to new premises in a few years' time. Our move is driven by strategic, operational and environmental considerations.
We will be moving to a new local home, up to a 15-mile radius of Aviation House, to minimise disruption for our valued colleagues and customers.
We are now working with colleagues and visitors to understand what we need in our new office, before we start our property search. We will sell Aviation House and land, vacate the site and move to new premises, but we do not expect to move before 2028.
Inclusive Recruitment
We are passionate about diversity and ensuring all are included at the CAA. We are an equal opportunity employer and actively encourage applications from candidates of all backgrounds.
As a member of the Disability Confident scheme, applicants who meet the minimum criteria for a role with us will be guaranteed an interview. We use fair and inclusive selection approaches to hire the best person for the job based on merit alone. If you require an adjustment for any reason, please let us know.
Working With Us
We are on a journey towards being increasingly adaptable, where our colleagues collaborate as part of cross-functional teams. This approach ensures we never stop learning together. It also means that you may become involved in activities that take you out of your day-to-day role, providing you with opportunities to develop and grow your career with us.
We have embraced hybrid working and offer flexible working patterns, being open to having a conversation about what works for you. We know where and when we work is important in achieving a work-life balance.
We offer a range of excellent benefits such as flexible working arrangements, free onsite gym at Gatwick, discounted gym membership for London, 28 days annual leave, additional 5 days leave purchase scheme, a generous pension scheme and much more!
Our Values
Do The Right Thing, Never Stop Learning, Build Collaborative Relationships, Respect Everyone - For more information please Click Here
Closing Date: 27th March 2025
Interview Date: w/c 14th and 21st April 2025
We reserve the right to close this vacancy early if we receive sufficient applications for the role. Therefore, if you are interested, please submit your application as early as possible.
No recruitment agencies please.
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