We're recruiting for a Regulatory Affairs Advisor on behalf of our client, an established energy trading business based in London.
Working within Commercial Operations the core responsibilities of the role include assisting in the establishment of the current and future regulatory requirements for business activities, and the identification of potential commercial impacts on Gas, Power and Carbon portfolios.
You will be responsible for:
maintain close relationships with the Gas, Power, Environmental products and LNG trading desks
identify significant regulatory challenges and commercial opportunities for Gas, Power, Carbon and LNG arising from the planned strategy and tactics, for the current and future regulatory environments. Work with the Front Office and support functions to develop corresponding action plans
understand commercial strategy, potential new markets and products and forthcoming major transactions
work with the Front Office trading desk and Operational Planning and Management team and the relevant support functions across the business to ensure necessary operational arrangements are implemented for new business development
monitor Gas, Power, Carbon and LNG regulation to identify potential new regulatory compliance requirements necessary to existing policies, processes and systems
help ensure that the business understands its energy regulation compliance requirement.
build relationships with relevant regulators, energy infrastructure operators, exchanges and relevant counterparties through active participation in consultation processes, regulatory enquiries and industry forums
maintain thorough knowledge of current regulations and potential developments of regulation and market design across Gas, Power, Carbon and LNG, markets and products
represent the company’s best interest through input to consultation processes and selective lobbying (ensuring alignment with senior management)
risk management and strategy
identify operational risks arising from regulatory compliance requirements and liaise with operational risk management in the implementation of effective reporting, control and mitigation processes
identify, assess, and report strategic regulatory risks arising from potential developments.
on a daily basis - Regulatory Affairs Manager, members of the Regulatory Affairs team and Front Office to support current and future activities, and operational capability development
as required - Compliance, Legal and Risk Management to enable the Regulatory Affairs Department to meet its business objectives
other interfaces will include Tax, Communications and relevant functions as required.
You will have:
an excellent understanding of EU/UK wholesale Gas and Power markets
knowledge in compliance and voluntary Carbon markets (desirable)
the ability to distil the information, grasp the commercial concept, build a compelling argument and execute effective advocacy and lobbying
regulatory specialist knowledge, able to balance the understanding of the energy regulatory framework and market design with commercial insight
the ability to quickly understand and assimilate different regulatory regimes
the ability to establish and maintain strong professional relationships across a broad range of internal and external parties
highly effective communication skills; articulate and able to converse at all levels; ability to summarise in concise manner complex topics
fluent English (another European language would be desirable).
You will be experienced in:
regulations gained through working in a regulatory body or in a regulatory function in a commercial company or in an economic regulatory consultancy role (essential)
energy trading and retailing environments within a highly commercial and entrepreneurial focused business (advantage)
commercially; monetising opportunities is a distinct advantage.
You will need:
degree level education in finance, economics, business or related discipline
regulatory qualification(s) is an advantage.
For further information please contact Rebecca Holland.