Job title: Director of Regulatory Reporting & Assurance
Ref: 39486
Division: Strategy & External Affairs
Location: Hybrid - Clearwater Court - RG1 8DB
Contract type: Permanent
Full/Part-time: Full-time
Salary: Competitive salary with extensive benefits package
Job grade: D
Closing date: 02/04/2025
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.
* Work 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 the requirements, priorities and accountabilities are understood.
* Lead and manage the Regulatory Reporting and Assurance team, including setting vision and direction.
What you should bring to the role
* Successful track record of building and delivering on complex, high-profile company-wide programmes to challenging deadlines.
* Proven stakeholder management skills at a senior level.
* Proven track record in promoting successful collaborative working and delivering through others.
* 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 and through change.
* Excellent written and oral communication skills.
What’s in it for you
* Annual Leave - 26 days holiday per year increasing to 30 with the length of service (plus bank holidays)
* Performance Related Pay Plan
* Personal Medical Insurance – Family cover
* Access to lots of benefits to help you take care of you and your family’s health and wellbeing.
We’re the UK’s largest water and wastewater company, with more than 16 million customers relying on us every day to supply water for their taps and toilets. We want to build a better future for all, helping our customers, communities, people and the planet to thrive.
Thames Water is a unique, rewarding and diverse place to work, where every day you can make a difference. As part of our family, you’ll enjoy fast-tracked career opportunities, flexible working arrangements and excellent benefits.
So, if you’re looking for a sustainable and successful career where you can make a daily difference, we’ll be here to support you every step of the way.
Disclaimer: due to the high volume of applications we receive, we may close the advert earlier than the advertised date.
#J-18808-Ljbffr