At a Glance
- Tasks: Lead the development of a supervision manual and risk framework for the water sector.
- Company: Join Ofwat, the regulator shaping the future of water in England and Wales.
- Benefits: Flexible working, generous leave, excellent pension contributions, and professional development opportunities.
- Other info: Dynamic work culture with a focus on innovation and employee well-being.
- Why this job: Make a real impact on water regulation and help improve outcomes for customers and the environment.
- Qualifications: Experience in regulatory frameworks and stakeholder collaboration is essential.
The predicted salary is between 50000 - 60000 £ per year.
Join Ofwat’s Supervisory Team as a Principal Supervision Manual and Risk Framework Lead. We have three opportunities for Principals to join our Delivery Directorate.
Office Location: London (E14 4HD) or Birmingham (B5 4UA) with hybrid working.
About Us: We are Ofwat, the Water Services Regulation Authority, a non-ministerial government department responsible for regulating the water sector in England and Wales. The water sector is entering a new chapter. The government has set out a bold new direction, bringing together expertise from across the sector to deliver better outcomes for customers and the environment. We are collaborating with fellow regulators to respond to recommendations in The Independent Water Commission Report, the Welsh Government’s response to the Green Paper, Shaping the Future of Water Governance in Wales, and the Government’s White Paper, A new vision for water. Ofwat is working with the government and other regulators to help create a new body for England, bringing together our strengths with those of the Drinking Water Inspectorate, the Environment Agency and Natural England. We are also continuing to work with the Welsh Government to support decisions on the future arrangements for Wales. While these changes take shape, our mission remains the same: to hold water companies to account, drive performance, and ensure the sector delivers real value for customers, communities, and the environment. If you’re passionate about making a difference, this is a unique moment to join us and help shape the future of water, and together we can continue to make a positive impact.
The Role: In this exciting role, you will have the opportunity to:
- Contribute to and oversee development of a supervision manual for implementation during the transition period.
- Further refine the emerging risk framework and embed it into Ofwat's ways of working.
- Continue the evolution of the supervision manual and the risk framework as we better integrate our regulatory oversight of each company with the other regulators during transition.
- Prepare for adoption of a supervision manual and a risk framework as part of establishment of the new regulator.
About You: Below are some of the key essential experience, skills & knowledge required for this post:
- Lead criterion: Experience of designing, implementing and managing regulatory, supervisory or operational frameworks, products or approaches within a complex organisation.
- Understanding and/or experience of performance management and/or risk frameworks in a regulatory environment.
- Experience and/or understanding of current and potential future approaches to water regulation.
- Understanding of supervisory approaches to regulation.
- Experience of developing and implementing policy, operational or regulatory frameworks, including securing stakeholder buy-in and navigating governance and decision-making processes.
- Proven experience of embedding change across an organisation's operating model.
- Experience of evaluating, improving and embedding operational, supervisory or regulatory approaches to deliver effective organisational outcomes.
- Experience of working collaboratively with internal and external stakeholders to deliver shared outcomes and influence decision-making.
Why You Should Join Us:
- People Centric: Our people are at the heart of Ofwat and everything we do - we ensure all voices are heard and treat each other with respect; you’ll be given the autonomy and the support to do your role in the best way.
- Innovative Work Environment: We embrace agile and new ways of working and have a culture built on trust, flexibility, and collaboration.
- Development Opportunities: Gain valuable experience and develop your skills in a supportive and dynamic setting.
- Work-Life Balance: Enjoy the flexibility of working from home combined with the benefits of in-person collaboration in our Birmingham and London offices.
- Excellent employer pension contributions of up to 29%.
- 25 days’ annual leave, increasing to 30 with each year of service, plus bank holidays and an extra 2.5 days of privilege leave.
- Access to exclusive discounts on a variety of goods and services, including retail outlets, theatre tickets, holidays, insurance, and a gym membership.
- Fees paid for membership of relevant professional bodies.
- Up to 3 volunteering days per year.
- Recognition vouchers scheme rewarding your hard work.
- Generous shared parental leave and pay supporting your family life.
Follow the link to apply for full details about the role. Please ensure you have submitted your application in full before the below deadline.
Closing date: 23.55 on 30 July 2026.
Principal Supervision Manual and Risk Framework Lead in City of London employer: Ofwat
OFWAT is an exceptional employer, offering a dynamic work environment in Cardiff that fosters collaboration and innovation. With a strong commitment to employee well-being, we provide flexible working arrangements, generous parental leave, and ample opportunities for professional growth, making it an ideal place for those looking to make a meaningful impact in the regulatory landscape of Wales.
StudySmarter Expert Advice🤫
We think this is how you could land Principal Supervision Manual and Risk Framework Lead in City of London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Ofwat looking for candidates who are engaged and informed.
We think you need these skills to ace Principal Supervision Manual and Risk Framework Lead in City of London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Ofwat. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Ofwat
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Ofwat’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
