What is the purpose of the role?
We are currently seeking a dynamic individual to join our wholesale market services department which facilitates the delivery of our business's new market obligations. We enable the sale of services to all companies licensed to operate in the water markets, this equates to over £400m of revenue that is managed within the team. As well as managing approximately £40m of risk associated with market compliance. You will form part of the market development team responsible for the governance, risk and control of participating in the open water market. You will support business decision-making by maintaining an overview of our compliance, including appropriate governance to mitigate market penalties and the risk of competition compliance fines of up to £200m. In this role, you will provide management information, analysis and commentary on market-related governance, identification of risks, maintenance of appropriate controls and compliance with market and competition requirements. This may include sourcing and maintaining data as a resource for future reference, developing and carrying out audit-related activity, and agreeing and delivering remedial actions.
What makes this role unique?
You will be part of an influential team, not only in shaping the way the company operates within the market but also in terms of markets codes' rules and regulations. You will have the opportunity to utilise your skills and channel your drive into modelling this role.
What will this role involve?
Provide management reports and presentations, collecting and analysing complex technical data with expert commentary, advice and recommendations, as appropriate.
Produce compliance reports of a quality that can be published or shared with regulators and other authorities as required.
Design and deliver elements of technical solutions, as directed, using specialist technical skills, including any necessary audit activity.
Understand the complexities of market and competition law requirements and company governance arrangements; maintaining the company’s market-related risk and controls arrangements.
Conduct research, including face to face meetings, to find data to support the needs of the team or department and analyse and shape as necessary to provide useful information.
Support the department by liaising or attending meetings with key internal and external stakeholders, as required.
Co-ordinate and lead on briefed projects and activities.
What are we looking for?
Are you from a compliance or audit background? Do you have demonstrable experience driving processes? If the answer is yes, look no further! We're seeking a self-motivated, analytical individual with excellent attention to detail & communication skills in order to translate technical terminology. You will be able to understand audit activity and risk & compliance issues in order to create compelling, evidential reports. The ideal candidate will be able to pick up technical / market related knowledge in order to provide expert views to others across the business. You will be successful in running & driving process improvements; both identifying gaps and implementing resolutions.
Thames Water information and salary details
This role is based in Reading, with a salary between £30,000 & £40,000 depending on skills and experience. Our excellent salary package includes a competitive contributory pension and a wider benefits scheme which includes an annual pay review, season ticket loans and loyalty awards for continuous service plus many more.
About Thames Water
Thames Water is the largest water and waste-water services company in the UK. We provide the essential service at the heart of daily life, health and enjoyment to 15 million customers across London and the Thames Valley and we are going through a period of exciting change. On a typical day we supply 2.6 billion litres of top quality drinking water and our 350 sewage treatment works treat more than 4.2bn litres of waste-water. Our 85,000 miles of water mains and sewers would wrap around the world three-and-a-half times.
We are focusing like never before on delivering brilliant services and providing our customers with a great experience. We are in the process of transforming our business in order to achieve this. To help us succeed, we need a range of new skills and capabilities and will be recruiting for these in the coming months. We are on the lookout for talented people across our entire region who are interested in helping us to become the best water and waste-water company in the UK.
Thames Water is an equal opportunity, Disability Confident, and Stonewall diversity champion employer.
Closing Date: The closing date for applications is 26/03/2018.