Director of Regulatory and Corporate Finance (REF: OFW– BC 245)


Ofwat (the Water Services Regulation Authority) is the economic regulator of the water and wastewater sector in England and Wales. Safe, reliable and sustainable water and wastewater services are essential for our day-to-day lives, our wellbeing, and our natural world. Ofwat’s role is to help it build trust and confidence with customers, the environment and wider society. Ofwat has an ambitious strategy and as a regulator we are setting ourselves up to achieve and equal the ambitions of our strategy. It matters to us that things on the ground really change so that our impact on customers, the environment and the future of water is tangible and meaningful. At Ofwat, our ambition is for water companies to provide the very best service for customers, improving the environment and improving life through water, both now and in the future.

Job description

Ofwat is looking for a Director of Regulatory and Corporate Finance, with the potential to work on a range of key policies across the organisation. We have an exciting expanding policy agenda that requires strong leadership to go with financial expertise. Given the growing opportunities, there will be flexibility to finalise the specific responsibilities of the role in consultation with the successful candidate.

You will work with senior colleagues across Ofwat, ensuring there is a cohesive policy dialogue between programmes in relation to our strategy and policies. You will form part of Ofwat’s leadership team. You will be expected to have excellent judgement and to exercise it across complex issues responsibly in line with our strategy and ways of working.


Reporting to one of Ofwat’s Senior Directors, the successful candidate is likely to be involved in some of the following areas of work:

•*the risk and financial return package as part of the forthcoming Price Review, PR24,
•*our approach to ensuring that all companies within the sector are financially resilient,
•*developing the role of competition in delivering large new infrastructure
•*our engagement with the Regulators’ Alliance for Progressing Infrastructure Development (RAPID) group who are coordinating the development of future water resource needs
•*Other responsibilities will include representing Ofwat at external events and conferences, as well as liaison with water companies, investors and other parties including credit rating agencies. Strong influencing and communication skills are therefore vitally important

Knowledge and Experience required:

•*Educated to degree level or equivalent experience in an area relevant to this role.
•*Expertise and experience in one or more of financial and regulatory economics, financial analysis and accounting.
•*Strong strategic policy development skills and track record of thought leadership in regulatory/infrastructure space.
•*Ability to manage a complex portfolio of work with a high degree of autonomy and deliver an ambitious agenda.
•*Proven leadership and team management as well as an ability to work collaboratively across organisational boundaries.
•*Demonstrable experience of leading a multi-disciplinary team with passion, enthusiasm, and a clear strategic vision.
•*Ability to see the bigger picture from an Ofwat corporate perspective
•*Strong influencing and communication skills.
•*Ability to identify opportunities and take the initiative to deliver Ofwat’s strategic objectives, leveraging analytic skills and resources inside and outside the organisation.

The offer

Come and take a look, we offer a substantial benefits package including 25 days holiday plus 10 ½ bank holiday and privilege leave days per annum, a fantastic & highly competitive civil service pension scheme, among many other benefits.

A truly flexible, autonomous and trust based working culture is on offer to help you succeed within Ofwat.

Apply here

Please apply online here at Civil Service Jobs.

Please ensure that you have outlined how your skills and experience meet the criteria set out in the professional requirements section of the role profile.

Apply before 11:55 am on Friday 20th May 2022.