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Competition and Regulatory Economist

Competition and Regulatory Economist

  • Location

    London, England

  • Sector:

    Audit & Assurance

  • Type:

    Permanent

  • Salary:

    Up to £85648.00 per annum

  • Contact:

    Claire Stradling

  • Contact Email:

    Claire.stradling@pro-recruitment.co.uk

  • Salary:

    85648

  • Salary:

    85648

  • Reference:

    BBBH51496

  • Published:

    15 days ago

  • Expiry Date:

    26 May 2021


Competition and Regulatory Economist
London
£85648

  • Do you have experience advising on competition and regulatory policy issues?
  • Knowledge of current issues in the audit market, and of the interactions between audit quality and competition?
  • Understanding of the UK competition policy landscape, including concurrency regulation and the legal framework.?

The role
To provide economic advice and analysis on competition in the statutory audit market and how it relates to the organisation's objectives on supporting delivery of high-quality audit and greater resilience in the audit market. Subject to the outcome of the Government's consultation Restoring trust in audit and corporate governance, to advise on the implementation of the measures proposed on competition and choice in the audit market, including potential legislation for the organisation to have a competition objective to promote competition in the market for statutory audit services, and to monitor, evaluate and report on progress.

To provide economic advice on the impact of proposed regulatory measures to promote competition, and other regulatory objectives as required; to ensure that those regulatory measures are designed, appraised, and evaluated based on evidence. In particular, to support the organisation by advising on a programme of work aimed at reviewing and revising standards, codes and guidance, where appropriate, in advance of legislation.

Duties

Working in close collaboration with the Head of Competition Policy and colleagues in the Regulatory Standards, and Supervision Divisions to:

  • provide economic advice and analysis to help develop and implement measures proposed on competition and choice in the audit market
  • communicate that advice to senior-decision-makers, including by contributing to and presenting papers to the Board, Executive Committee, and other Committees as appropriate
  • monitor and assess the level of, and trends in, competition in the statutory audit market
  • appraise and evaluate the impact of regulatory measures designed to promote competition in the statutory audit market (and to achieve other regulatory objectives, as required)
  • engage with external stakeholders as appropriate on competition and regulatory economics issues
  • assess how any changes in competition impact on the objectives to support delivery of high-quality audit and greater resilience in the audit market
  • design and implement any official data collection, analysis and reporting

Essential criteria

  • Educated to degree level in economics or another mathematical discipline, preferably with a post-graduate qualification in economics, especially if first degree is not economics, with at least five years, post-graduate work experience.
  • Experience advising on competition and regulatory policy issues.
  • Experience on regulatory projects such as market studies, investigations, actions and appeals, or similar, an advantage.
  • Understanding of the UK competition policy landscape, including concurrency regulation and the legal framework.
  • Understanding of the UK regulatory policy landscape.
  • Good knowledge of the Government's regulatory impact assessment framework and its requirements.
  • Excellent analytical skills including the ability to understand different perspectives, for example, on competition in the context of broader regulatory frameworks and to articulate the costs and benefits of different policy positions.
  • Excellent written and oral communication skills including experience of drafting high quality advice and analysis on policy proposals and distilling complex issues into clear and succinct messages.
  • Knowledge of relevant research and academic literature, relationships with relevant academics/experts, and experience managing research projects would be an advantage.
  • Knowledge of current issues in the audit market, and of the interactions between audit quality and competition would also be an advantage.

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