Director of Regulatory Reporting & Assurance

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 up to £125,000 per annum

Job grade: C

Closing date: 05/02/2025

It is an exciting time for Thames Water. The Company has just been awarded £20.5bn of customer funding in Ofwat’s 2024 price review, covering 2025-30. This is the largest funding settlement in the industry’s history. It should enable the Company to deliver significant improvements for customers and the environment, including a 22% reduction in leakage (compared to Ofwat’s 2019/20 baseline) and a 30% reduction in pollution by 2030.

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 across all our regulatory reporting.

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 submissions to Ofwat to reopen the price review (so-called ‘IDoKs’), 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 ensure submissions are provided to Ofwat as part of the various gated processes and contingent funding applications put in place as part of PR24, which govern almost £4bn of the company’s proposed expenditure in the next regulatory period, including the provision of third-party assurance as appropriate.

You will play a key role in Thames Water’s PR29 submission, being accountable for the development and delivery of the process to ensure data we provide to our regulators, including data tables, board assurance statements and other external requirements, including third-party assurance as appropriate.

In all of this work, you will be required to develop and deliver presentations to the Thames Water executive and board. You will also be required to lead discussions at the senior level (typically Senior Director) with our regulators to shape their requirements and expectations concerning reporting and assurance.

What you should bring to the role

• Degree educated or equivalent.
• Successful track record of building and delivering complex, high-profile company-wide programmes to challenging deadlines.
• Proven stakeholder management skills at a senior level, with the ability to navigate complex external environments and large organisations and different interests.
• Proven track record in promoting successful collaborative working and delivering through others, including delivering outside the line and building consensus in the face of competing interests.
• Excellent influencing and advocacy skills, appropriate to different audiences and levels, including credibility in recommending action at the executive and board levels and with key external stakeholders.
• Ability to assimilate large quantities of technical information and data, and articulate key conclusions and issues for non-technical audiences.
• 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, high level of numeracy, and first-class presentation skills.

What’s in it for you?

• Competitive salary up to £125,000 per annum.
• Annual Leave – 26 days holiday per year increasing to 30 with the length of service (plus bank holidays).
• Annual Bonus.
• Private Medical Health Care.
• Access to many benefits to help you take care of your and your family’s health and well-being, and your finances.

Thames Water is a unique, rewarding and diverse place to work, where every day you can make a difference, yet no day is the same. 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 to millions of people’s lives while helping to protect the world of water for future generations, we’ll be here to support you every step of the way. Together, we can build a better future for our customers, our region and our planet.

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