The Financial Market regulation Team is a key part of the Centrica Energy's Ethics & Compliance (E&C) function and is responsible for an effective framework which manages our risks related to market abuse, financial market regulation, market operator and exchange/ venue rule compliance.
The Head of Financial Market Regulation is a senior role within the E&C function and is responsible for managing all regulatory compliance matters across Centrica Energy globally.
Centrica Energy operate within a complex regulatory perimeter related to the trading of both physical and financial energy commodities in the UK, EU and US, therefore strong knowledge of areas such as REMIT, MAR, Market operators and exchange/trading venue rules is essential.
This role has a high degree of exposure to senior management and external trade associations with direct line management responsibilities.
This is a London (near to Marble Arch) based role.
Key Accountabilities:
The role holder will be required to support on the understanding, analysing and interpreting of financial services and market abuse regulation (EMIR, MiFID, MAR and REMIT) in the UK, EU and national markets impacting our trading activity, as well as rules impacting our renewables origination and asset optimisation businesses.
The Head of Financial Market Regulation will be expected to:
Monitor the relevant regulatory landscape and communicate this effectively to the commercial teams
Engage with internal stakeholders e.g. originators and Front Office staff on a regular basis to identify and prioritise regulatory reforms that are key to the company interests
Undertake detailed impact assessments for all market abuse of financial Services regulatory change that will impact Centrica Energy
Collaborate with other support functions e.g. Public Affairs, Legal, Regulatory Affairs, Risk, Finance, to enable Centrica Energy to maximise its commercial and strategic objectives
Establish and maintain relationships with key external stakeholders including regulatory authorities, industry system operators, trading venues, service providers and other parties
Represent Centrica's interests across a range of trade association workstreams, contributing to consultation responses and developing policy positions. On important issues, identify proactive policy positions to advocate directly with national TSOs, regulators and governments
Identify regulatory trends to enable the leadership team to take strategic choices
Maintain a regulatory risk register
Develop and maintain a regulatory mapping for Centrica Energy
Support the Compliance COO and Head of E&C in delivery of the Centrica Energy Regulatory change programme
Support and develop the Market Regulation team.
The Person:
A Regulatory expert with strategic, technical, economics or legal qualification(s) and energy sector or financial services experience
Proven experience advising on the scope and impact of relevant legislation and regulation to the Centrica Energy business
An understanding of financial services, market abuse in wholesale energy markets, balancing markets, trading, regulatory reporting, origination and the policy framework within which commercial companies like Centrica Energy operate
Able to anticipate and keep abreast of external developments that may influence the evolution of wholesale energy markets
Ability to think and act strategically, identifying regulatory risks and opportunities and managing these effectively
Strong stakeholder management skills: excellent verbal, presentation and reasoning skills adaptable to the audience, ability to build constructive relationships at all levels and excellent analytical and conceptual thinking skills
Able to work flexibly, across a wide range of high profile and fast-moving commercial and strategic issues
Proven experience of delivery through others.
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