We are looking for a
Market Development Business Analyst
to join our team. This role is critical in ensuring our operations comply with market codes and regulatory frameworks while supporting our commitment to excellence and innovation.
What you will be doing as the Market Development Business Analyst
:
You will play a key role in guiding Thames Water through the complexities of market codes, competition law requirements, and company governance arrangements. You will leverage your expertise to ensure our wholesale services meet legal and regulatory standards, while also supporting strategic initiatives, mitigating corporate risks and driving a great customer experience.
Key responsibilities:
Legal and Regulatory Compliance:
- Provide expert guidance on market and competition law, ensuring Thames Water's operations align with market codes and governance requirements.
- Develop, amend, and withdraw wholesale services based on market codes, customer needs, and legal requirements.
- Publish pricing information to meet regulatory deadlines and implement a pricing strategy to mitigate corporate risks.
- Ensure all published documents relating to wholesale services are current and align with relevant policies.
Strategic Analysis and Reporting:
- Manage responses to regulatory consultations, including those from Ofwat, WaterUK and MOSL.
- Assess upcoming changes to market codes and mechanisms, consulting with experts to identify impacts and advising senior management.
- Track changes to codes and market mechanisms to ensure continued compliance, providing management information, analysis, and commentary.
Stakeholder Engagement:
- Build strong working relationships with internal and external stakeholders, representing Thames Water at market forums and working groups.
- Ensure all parties work effectively together to deliver and maintain a high quality Wholesale Service Offering and Wholesale Tariff Document to regulatory and business deadlines and market leading standards.
- Provide expert advice to help influence and inform colleagues/managers across the business in relation to the creation, amendment and withdrawal of services. Ensuring the impacts are assessed effectively and change is managed in line with corporate control processes.
What you should bring to the role:
- In-depth knowledge of legal, regulatory, and market frameworks, particularly within the water industry.
- Experience in Non-Household Retail, Developer Services, NAV, and SLP markets, with a focus on customer benefits.
- Strong commercial and financial acumen, with the ability to analyse complex information and provide detailed management reports.
- Proven experience in responding to consultations from regulatory bodies and market participants.
- Highly analytical with excellent problem-solving skills and attention to detail.
- Strong communication skills, with the ability to engage effectively at all levels.
- Proactive approach with the ability to build strong internal and external relationships.
What's in it for you?
- A starting salary of £43,200 and up to £54,000 per annum depending on skills and experience
- Annual Leave – 26 days holiday per year increasing to 30 with the length of service. (Plus bank holidays).
- Contributory pension – Defined Contribution - Maximum of 12% -2x employee contribution.
- Personal Medical Assessments – Open to all once a year.
- Wider benefits scheme including our benefits hub, which is packed full of offers and information to save you money and support your wellbeing.
Who are we?
At Thames Water, our purpose is crystal clear - to deliver life's essential service so our customers, communities and planet can thrive.
Water is life's great leveller. Every living thing needs it, every single day. From people to plants, birds to bees, farms to factories, we all need it to thrive, and we're committed to taking care of it for us all.
But keeping water flowing is becoming harder. From scorching summers to wetter winters, extreme weather affects everything from our pipes to our local rivers. We must keep millions more kettles boiling, public services operating, washing machines spinning, showers running and more, so every drop is more precious than ever. Are you ready to play your part?
Working at Thames Water
At Thames Water, we recognise that people are at the heart of our business. To help us succeed in providing life's essential service, we need a range of skills and capabilities, representative of society throughout our business.
We seek to attract and retain a cultural mix of people who can offer different but complementary attitudes, values, talents, and knowledge. We understand the importance of appreciating and harnessing the unique skills, experiences, backgrounds, and differences that each individual brings.
Our over-arching diversity and inclusion aim is to ensure Thames Water is a diverse and inclusive great place to work. We encourage applications from everyone and offer extra support for those who need it throughout the recruitment process.
Find out more about working at Thames Water.
When a crisis happens, we all rally around to support our customers. As part of Team Thames, you'll have the opportunity to sign up to support our customers on the frontline as an ambassador. Full training will be given for what is undoubtedly an incredibly rewarding experience. It's also a great opportunity to learn more about our business, meet colleagues and earn some extra money along the way.
Disclaimer: due to the high volume of applications we receive, we may close the advert earlier than the advertised date. We encourage you to apply as soon as possible to avoid disappointment.