Senior Energy Settlement Assurance Advisor

We have an exciting opportunity to join the Assurance Team on a permanent basis. This role requires previous experience with the Central Volume Allocation (CVA) market.

Team Overview:

The primary function of the Assurance product within Elexon is to oversee the delivery of the Performance Assurance Framework (PAF). The PAF allows Elexon to ensure that any risk to the accuracy of data used for energy settlement purposes is managed and mitigated effectively.

The Performance Assurance Teams, led by the Performance Assurance Managers, are responsible for the following areas:

• The co-ordination and management of identified Settlement Risks by deploying Performance Assurance Techniques and additional assurance activities;
• The identification of new risks to the accuracy of Settlement;
• The delivery of Performance Assurance Techniques, deployed against approximately BSC Parties in an annual cycle of risk detection and mitigation.

Job Purpose:

As directed by the Head of Assurance, you will contribute to a number of assurance activities by:

• Assuming the role of Risk Owner - leading the management of high profile Settlement Risks that are allocated to you, including recommending which Performance Assurance Techniques or additional assurance activities should be deployed to monitor and/or mitigate them.
• Assuming the role of Technique Owner – leading the deployment of the Technique that has been allocated to you, including reporting the results of your Technique to external committees, Risk Owners and other colleagues and managers within Elexon.
• Providing training & support to key stakeholders and the rest of the Performance Assurance Teams on Risks, Techniques, the industry and the BSC Code.
• Supporting the strategic management of risks within the energy market while leveraging advanced analytical techniques to drive efficiency and innovation in settlement performance.
• Leading on the creation of data models and dashboards that display relative information that the team requires in order to manage and monitor Settlement Risks.
• Identifying opportunities and leading on ad-hoc projects and initiatives in order to enhance our Performance Assurance Framework.

Key Responsibilities:

• Providing risk and assurance expertise and training to internal and external stakeholders, including team members, other departments within Elexon, industry expert groups and Panel Committees.
• Chairing internal and external working groups and Panel committees.
• Analysing data relating to Performance Assurance Techniques and/or Settlement Risks in line with agreed processes, timescales and quality standards.
• Documenting your findings and presenting them to the relevant decision making body in a way that enables them to reach decisions easily.
• Completing Settlement Risk assessments using data and information collected from Performance Assurance Techniques and available industry data.
• Identifying and developing strategies for reporting on and addressing Settlement Risks, including leading on projects that will enhance Elexon’s risk management processes.
• Identifying upcoming industry changes and investigating how they could affect the Performance Assurance Framework.
• Leading on ad-hoc projects that will contribute to the continuous improvement of the efficiency and effectiveness of the Performance Assurance Framework (PAF).
• Leading on the delivery of ad hoc audits, which will involve but will not be limited to analysis of supporting data, site visits, and analysis of audit findings.
• Driving a culture of continuous improvement within the Risk & Technique team, proactively identifying opportunities for innovation and optimisation.
• Ensuring ongoing integrity of Performance Assurance Technique deployment and Risk management by creating and maintaining Local Working Instructions (LWIs) where required.
• Proactively contributing to the Elexon business and the delivery of the department’s objectives by demonstrating the Elexon values.
• Leading on the delivery and design of the transition of the existing Performance Assurance arrangements to a new PAF which aligns with the requirements of the Market-wide Half Hourly Settlement (MHHS) Target Operating Model (TOM).
• Building relationships with external stakeholders and seeking external input into decision making processes to support with the delivery of the new MHHS PAF.

Capabilities and competencies:

Critical:

• At least two years of experience in the electricity market relevant to Elexon’s role.
• Have a clear understanding of BSC Obligations, systems and processes.
• Experience in operational risk management.
• Be aware of the changes that are occurring within the GB Electricity Market and the potential impact that these changes may have on industry stakeholders and the BSC arrangements.
• Have strong communication skills (verbal, and nonverbal, including written).
• Be able to engage with and proactively build positive relationships with customers, both internally and externally.
• Ability to write technical reports & papers to present complex information and data in a clear, concise and engaging manner.
• A high level of personal integrity and professionalism.
• Be able to demonstrate a well-developed skill in writing both technical and analytical reports, including data interpretation.

Developmental/ Desirable:

• Be proficient in SQL, Python and Power BI.
• Experience in chairing working groups or other groups of a similar nature.
• Experience in project management using agile methodologies.

In return, Elexon provides:

• £58,500
• 28 days annual holiday + Bank Holidays
• Discretionary annual incentive scheme
• Life assurance
• Pension
• Private medical (Bupa)
• Private dental (Bupa)

At Elexon, our employee wellbeing is particularly important to us, which is why we are proud to provide:

• Hybrid working - 2 days per week at our London office
• BUPA health check
• Employee Assistance Programme
• Eye care voucher scheme
• Subsidised gym membership
• Cycle to Work Scheme
• Buying & selling holiday scheme
• Computing scheme
• CSR days
• Season ticket loan

We believe a diverse and inclusive culture allows innovation and creativity to flourish. We are committed to continuously improving our culture for our colleagues and stakeholders. Through our hugely successful Diversity Forum, MHFA network and regular programme of activities and events, we celebrate difference and recognise the value of employee wellbeing, which is a consistent outcome from annual employee surveys that we conduct. Likewise, as a community, we like to support each other, and all agree Elexon is a great place to work with a great workspace too!

At Elexon, we want to:

• Provide true equality of opportunity
• Attract and retain diverse talent
• Listen to all voices
• Be representative of the communities we work in
• Be a role model for Diversity and Inclusion in the industry

Elexon together, embracing differences, listening to all voices.