Senior Financial Modeller

Requirements of the role

The economic regulation and competition policy team is a vital part of the Civil Aviation Authority’s (CAA) Consumers and Markets Group (CMG). The focus of the team is to protect consumers by ensuring that airports and air traffic service (ATS) providers do not exploit their market position. Understanding the impact of policy options and our actions is essential in ensuring we protect the interests of consumers while allowing a fair investment opportunity for investors.

The team has responsibility for the economic regulation of Heathrow Airport Limited (HAL), Gatwick Airport Limited (GAL) and the monopoly air traffic services provider for the UK, NATS (En Route) Plc (NERL). This includes the development, oversight and enforcement of price control arrangements and other licence obligations. The team is also responsible for discharging the CAA’s concurrent competition responsibilities relating to the provision of airport operation and air traffic services.

We are looking for a Senior Financial Modeller to play an important role in our work in setting price controls and developing the regulatory frameworks for airports and air traffic services. This role involves working in a multi-disciplinary team of economists, policy advisors, regulatory finance specialists and lawyers, to deliver policy and analysis that supports our regulatory functions. The successful candidate will be responsible for owning, maintaining, and operating sophisticated financial models used to quantitively analyse our policy options and develop key insights into the impact of economic policy options. This work will inform and influence our economic regulatory strategy and we are looking for someone who can see beyond the data to interpret how our policies impact regulatory outcomes and what that means for those affected by our decisions.

This role is a permanent position and offers the opportunity for professional development, through working within a highly experienced team, directly influencing and engaging with senior leaders, and working across a wide variety of high profile and interesting economic and policy issues.

Core accountabilities

As a Senior Financial Modeller you will be responsible for:

• Developing and refining two existing financial models to be able to assess the impact of different economic policy options for the economic regulation of Heathrow and NERL.
• Operating the financial model to generate results for a range of base case and stress test scenarios.
• Extracting and assessing results from the financial models and presenting them in a simple and clear way for senior management to inform decision making.
• Contributing to the development of appropriate scenarios to test policy options and evaluation of results.
• Working with external consultants as necessary (for example in respect of specialist areas like tax or in respect of quality assurance of the financial models).
• Interacting with external stakeholders on modelling issues.

You may also be expected to support the delivery of other aspects of the regulatory and price control framework as required and may need to work with other regulators and represent the CAA at external groups, such as the UK Regulators Network (UKRN).

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