At a Glance
- Tasks: Lead compliance strategy and ensure adherence to energy market regulations.
- Company: Join Drax, a leader in renewable energy and sustainability.
- Benefits: Enjoy competitive bonuses, private healthcare, and generous holiday allowance.
- Other info: Be part of a diverse team committed to a sustainable future.
- Why this job: Make a real impact on climate change while shaping your career.
- Qualifications: Experience in compliance within the energy sector and strong communication skills.
The predicted salary is between 60000 - 80000 £ per year.
Permanent, Full-time
Location: London, Selby or Ipswich
Closing Date: 22nd June
Due to continued growth, we’re looking for a Head of Market Compliance to join our Regulation & Compliance department here at Drax. As the Head of Market Compliance, you’ll be responsible for Drax’s second line of defence (2LoD) in relation to physical, financial and GB customer energy market related compliance, ensuring we remain in line with our UK and, where applicable, EU regulatory requirements. Reporting to the Group Regulation & Compliance Director, you’ll play an integral role in leading the development and continual improvement of policy and assurance processes to help support the delivery of Drax’s strategy, as well as helping to shape a progressive compliance culture across the organisation.
About the role
As the Head of Market Compliance, you’ll be responsible for developing a multi-year compliance strategy covering all GB energy market related activities, maintaining our licence to operate whilst preparing the business for expansion into new technologies and markets.
Key accountabilities
- Support the development of Drax’s growth strategy, including the FlexGen portfolio, the future of Drax Power Station and the development of energy services offerings (e.g. asset management, EV fleet management, SMART/MHHS readiness, NESO/DSO service provision, etc.).
- Ensure the team provides effective, consistent advice, guidance, training and assurance on existing and forthcoming obligations within the GB energy market regulatory landscape.
- Develop and continually improve internal market policy framework (wholesale and retail), in line with latest guidance and regulatory/policy changes, working closely with the Regulation and Policy teams.
- Lead compliance risk evaluation activities and develop appropriate mitigation strategies, keeping senior leaders informed (across multiple disciplines) and taking a lead in proactive/collaborative risk mitigation.
- Lead internal investigations and associated regulatory interactions (traded market, customer fraud, consumer impact, etc.) across wholesale and retail.
- Represent Drax and build relationships at external events, including trade body committees and forums.
Who we’re looking for
To be successful in this role you’ll ideally have…
- Excellent working knowledge of compliance programme development and improvement within Energy, Power, Utility or related sectors.
- In-depth knowledge of UK and EU market regulatory requirements – ideally wholesale and retail.
- Proven experience of representing multi-discipline teams at senior leadership meetings and committees.
- Ability to manage multiple conflicting priorities whilst driving strategic change.
- Ability to communicate across a wide range of stakeholders across a corporate organisation.
Rewards and benefits
As you help us to shape the future, we’ve shaped our rewards and benefits to help you thrive and support your lifestyle. If successful in this role, you’ll get:
- PSP bonus plan
- Discretionary bonus depending on company performance
- Private Healthcare
- SAYE (Sharesave): discretionary scheme from time to time
- Personal accident cover
- Group personal pension plan where we’ll contribute up to 10%
- Holiday - 25 days plus bank holidays
- Reimbursement of the cost of your annual membership of one relevant and appropriate professional body
We’re committed to making a tangible impact on the climate challenge we all face. Drax is where your individual purpose can work alongside your career drive. We work as part of a team that shares a passion for doing what’s right for the future. With Drax you can shape your career and a future for generations to come. Together, we make it happen.
At Drax, we’re committed to fostering an environment where everyone feels valued and respected, regardless of their role. To make this a reality, we actively work to better represent the communities we operate in, foster inclusion, and establish fair processes. Through these actions, we build the trust needed for all colleagues at Drax to contribute their perspectives and talents, no matter their background.
How to apply
Think this role’s for you? Click the ‘apply now’ button to begin your Drax journey. If you want to find out more about Drax, check out our LinkedIn page to see our latest news. We understand that you may have some additional questions about the role. If you’d like to have a confidential chat to discuss the role in more detail, please email careers@drax.com.
Head of Market Compliance employer: Drax Group
Drax is an exceptional employer that prioritises employee growth and a progressive work culture, making it an ideal place for the Head of Market Compliance role. With a commitment to sustainability and innovation, Drax offers competitive benefits including a PSP bonus plan, private healthcare, and a generous pension scheme, all while fostering an inclusive environment where every voice is valued. Join us in shaping a zero carbon future and enjoy the opportunity to make a meaningful impact in the energy sector from our vibrant locations in London, Selby, or Ipswich.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Market Compliance
✨Tip Number 1
Network like a pro! Get out there and connect with folks in the energy and compliance sectors. Attend industry events, join relevant forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching Drax and its compliance culture. Understand their current projects and challenges in the energy market. This will help you tailor your answers and show that you’re genuinely interested in being part of their mission.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with the Head of Market Compliance role. Highlight your knowledge of UK and EU regulations and how you can contribute to Drax’s growth strategy. Confidence is key!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining the Drax team. So, hit that ‘apply now’ button and let’s make a difference together!
We think you need these skills to ace Head of Market Compliance
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in compliance within the energy sector. We want to see how your skills align with our needs at Drax!
Showcase Your Knowledge:Demonstrate your understanding of UK and EU regulatory requirements in your application. We’re looking for someone who knows their stuff and can navigate the compliance landscape with ease.
Be Clear and Concise:When writing your application, keep it straightforward and to the point. We appreciate clarity, so make sure your key achievements and experiences shine through without unnecessary fluff.
Apply Through Our Website:Don’t forget to apply directly through our website! It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity at Drax.
How to prepare for a job interview at Drax Group
✨Know Your Compliance Stuff
Make sure you brush up on your knowledge of UK and EU market regulatory requirements. Drax is looking for someone with a solid understanding of compliance programme development, so be ready to discuss specific regulations and how they impact the energy sector.
✨Showcase Your Strategic Thinking
Prepare to talk about your experience in developing multi-year compliance strategies. Think of examples where you've successfully led compliance initiatives or improved processes, especially in relation to energy markets. This will demonstrate your ability to drive strategic change.
✨Communicate Like a Pro
Drax values strong communication skills across various stakeholders. Practice articulating complex compliance concepts in simple terms. Be ready to share how you've effectively communicated with senior leaders and cross-functional teams in the past.
✨Be Ready for Scenario Questions
Expect questions that assess your problem-solving skills, especially around compliance risk evaluation and mitigation strategies. Prepare some scenarios from your previous roles where you had to navigate compliance challenges and how you approached them.
