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| Head, Reg Affairs & Compliance |
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Regulation is at the core of BT’s commercial activities in the UK and globally. Economic analysis of market dynamics, costs/efficiencies and pricing underpins the regulatory structures which shape both BT’s ability to compete and set constraints on commercial decisions. Group Regulatory Affairs therefore operates an Economics Centre of Excellence to provide specialist expert support to the business on regulatory and competition law issues.
We have identified a number of key areas where regulatory decisions present significant risks to BT’s financial performance in 2010/11 and beyond and areas where regulation could deliver upside opportunities. We want to increase our capabilities to mitigate against risks and exploit opportunities by presenting persuasive arguments for our position that will. We also want to ensure that we remain aware of all upcoming risks so that we can take appropriate action as early as possible and that we are proactively identifying areas where regulatory approaches can change to deliver upside opportunities. We are therefore looking to expand our Economics team.
Job Description outlining key responsibilities
- To lead identified projects/workstreams delivering expert economic analysis and advice to the business with the objective of (a) reducing the financial exposure of potentially negative outcomes of key regulatory decisions and/or (b) exploiting opportunities for regulation (or removal/avoidance of regulation) to improve our financial position.
- To formulate and test argumentation and identify key evidence requirements to meet the identified objectives.
- To proactively identify and take ownership of specific issues across BT or within a LoB where regulatory economics can be expected to play a pivotal role in meeting identified business objectives.
- To identify and provide thought leadership on key common themes in regulatory economics with the aim of influencing a broad range of regulatory decisions both in a short and longer-term timeframe.
- To provide clear economic advice and key messaging on economic issues to senior BT management up to and including board level, as appropriate.
To identify solutions to economic or regulatory issues where there is potential conflict between UK and non-UK commercial interests.
- To supply expert economic advice to BT competition lawyers on the economic aspects of relevant business practices which may be scrutinised by external bodies in the UK and EU, including by appeal courts.
Business impact:-
- Develops strategic and policy decisions.
- Represents the company to the regulator, seeking to optimise the Regulators opinion of BT’s compliance performance whilst minimizing the business impact.
Authority / Decision making:-
- Advises senior management and gives specialist support in relation to Regulatory Compliance questions and policy.
For further information about this vacancy, please contact James Tickel (602418524) |
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Bachelors
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10 years + |
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English : Speak / Write Fluently
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open-ended |
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unspecified |
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EU National |
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London |
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Essential skills and experience:
• First and Second Degree in Economics or similar
• Clear demonstrable experience working as a Regulatory Economist within the UK Telecommunications market. This experience can have been gained within a Regulatory body (e.g. Competition Commission or OFCOM), a Communications Provider (Fixed or Mobile or Pay TV Provider) or in an Economic Consultancy.
• Your experience will be able to highlight where you have driven economic regulatory debate in a commercial context helping organisations and markets shape commercial decision making to either harness regulatory opportunities or mitigate regulatory risks.
• Excellent communication skills, including demonstrable experience of effective engagement at senior levels within organisations. In particular:
oHigh level of presentation and influencing skills;
o Proven written skills demonstrating capability to present complex technical analysis into clear and compelling conclusions.
• Strong team player able to work effectively within multi-disciplinary teams across the business and see beyond “pure” theoretical economic issues to understand underlying business drivers and objectives.
• Highly motivated self-starter with track record of focussing on results
• Demonstrable leadership and inspiration skills
Desirable skills and experience
• Understanding of regulatory matters and BT’s Undertakings
Detailed knowledge of regulation and/or the UK appeals process (Competition Commission, CAT) |
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BT is one of the world's leading providers of communications solutions and services operating in 170 countries. Its principal activities include networked IT services, local, national and international telecommunications services, and higher-value broadband and internet products and services. |
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British Telecom
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