Senior Associate Economic and Financial Modelling Advisor

Please note that this role will close at 00:01 on Tuesday 9 September, and therefore we advise getting your application in by no later than midnight on Monday 8 September.

How to apply:

Please send us your CV and a covering letter. The covering letter should be no more than one page and should explain what has motivated you to apply and how your skills and experience align with the requirements of the role.

Please note that you are able to upload multiple documents at the point where you are asked to upload your CV.

About Ofcom

Ofcom is the regulator for the communications services that we use and rely on each day. We make sure people get the best from their broadband, home phone and mobile services, as well as keeping an eye on TV and radio.

Our culture is clear – we live by our values: Empowerment; Excellence; Collaboration; Agility and Respect. These define how we work to deliver our purpose, now and in the future. The behaviours which support these values set the path for a fully inclusive and innovative culture at Ofcom.

We focus not only on what we do, but how we do it. We pride ourselves on being an organisation of people who genuinely care about helping others.

About the team you’ll be part of

Ofcom’s Economics and Analytics Group is a forward-looking, international team of around 120 applied microeconomists, data analysts, behavioural economists and finance experts.

As experts in evidence-based analysis, we help Ofcom by providing thought leadership, technical and sector expertise, and the economic and financial insights needed to shape policy and decisions.

Within the Economics & Analytics Group, the Financial Analytics team provides financial advice and insight, forensic accounting, and modelling expertise to projects across Ofcom. Our colleagues provide support across all the sectors we regulate (telecoms, post, broadcasting, and online services).

The purpose and scope of the role

As an Economic and Financial Modelling Advisor, you will play a key role in delivering high-quality economic and financial analysis to support Ofcom’s policy and regulatory functions. You will develop, review, and manage economic and financial models that inform key decisions across a range of sectors, including telecoms, broadcasting, radio spectrum, postal services, and online platforms.

You will work closely with colleagues from multi-disciplinary teams, engage with external stakeholders, and ensure that Ofcom’s decisions are based on sound economic reasoning and robust financial evidence. The scope of the role includes but is not limited to:

• Develop, implement, and maintain complex economic and financial models to analyse market dynamics, assess the impact of regulatory interventions, and forecast sectoral trends.
• Conduct cost-benefit analysis, scenario modelling, and financial impact assessments for new and existing policies, regulatory measures, and market changes.
• Provide economic insight and advice to support Ofcom’s regulatory projects, policy development, market reviews, and consultations.
• Review, critique, and validate models and analyses submitted by industry stakeholders, consultants, or external parties.
• Translate modelling outputs into clear, concise, and compelling recommendations for senior management, policymakers, and public consultation documents.
• Ensure that models are underpinned by robust economic theory, up-to-date data, and industry best practice, and that assumptions are transparent and well-justified.
• Present complex economic and financial findings to a variety of audiences, both internally and externally, tailoring communication style to technical and non-technical stakeholders.
• Keep abreast of developments in economic and financial modelling, regulatory frameworks, and sector-specific issues relevant to Ofcom’s remit.
• Support the strategic development of Ofcom’s modelling capability, contributing to the design and implementation of modelling standards, documentation, and quality assurance processes.
• Mentor and support junior analysts and colleagues in developing their economic and financial modelling skills.

At Ofcom, we value your well-being and provide an environment that fosters both personal and professional growth. Regardless of the area you work in, you will get the opportunity to:

• Engage in diverse and stimulating projects across a broad range of markets.
• Apply finance and economic modelling expertise to address challenging questions.
• Make a real impact on society while achieving a healthy work-life balance.

Your Key Responsibilities

You will collaborate with vibrant teams of economists, data analysts, policy professionals, market researchers, technologists and lawyers on projects spanning various sectors. Your responsibilities will include:

• Delivery of high-quality economic and financial analysis, ensuring accuracy, transparency, and relevance to regulatory objectives.
• Effective project management, meeting deadlines and maintaining flexibility in response to shifting priorities.
• Gathering and assessing robust data and evidence to support your analysis.
• Producing clear and well-reasoned documents, including publications.
• Communicating your work effectively in presentations, meetings and engaging with external stakeholders.
• Collaborating with senior colleagues and multidisciplinary teams to deliver impactful outcomes

The skills, knowledge and experience you’ll need for success

Job-based skills

• Proven experience in developing and applying economic and/or financial models, ideally within a regulatory, consultancy, or public policy environment.
• Strong background in economic analysis, cost modelling, financial forecasting, or similar areas.
• Familiarity with sectors regulated by Ofcom (telecommunications, broadcasting, spectrum management, postal services, digital platforms) is desirable.
• Track record of translating complex quantitative analysis into actionable policy advice or business recommendations.
• Experience in stakeholder engagement, including working with government, industry, or consumer organisations.
• Proficiency in Excel and other modelling tools (e.g., R, Python, Stata, or similar).
• Strong quantitative and analytical skills, with a keen attention to detail and a commitment to methodological rigour.
• Excellent written and verbal communication skills, with the ability to explain technical concepts to non-specialist audiences.
• Ability to manage, analyse, and interpret large, complex datasets.
• Sound understanding of economic theory, financial principles, and their practical application to real-world problems.
• Postgraduate degree in Economics, Finance, Mathematics, Statistics, or a related analytical discipline (or equivalent work experience).

Grade-based skills

• Articulating ideas: express your thoughts in a clear and concise manner, ensuring messages are understood by everyone.
• Building solutions: identify and solve complex issues, using evidence-based methods to gather insights and develop solutions.
• Harmonising work: work effectively with others, creating an honest team environment and sharing ideas and resources with multidisciplinary teams.

Inclusivity Statement

At Ofcom we prioritise inclusive and diverse recruitment in order to truly reflect the society we represent.

Where positions are listed as full time, we remain open to reduced hours, part-time arrangements, job shares and other flexible working options from day one of employment. We warmly welcome applications from candidate returning to work after a break – for whatever reason.

As a disability confident employer, we offer interviews to any disabled applicant who meet essential criteria for advertised roles. Learn more about the scheme here.

If you need information in an alternative format or have specific preferences, please contact our recruitment team at [email protected] or call 0330 912 1378.