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 80000 - 100000 £ per year.
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 in Ipswich 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 in Ipswich
✨Tip Number 1
Network like a pro! Reach out to people in the energy sector, especially those who work at Drax or similar companies. Attend industry events and engage on LinkedIn to make connections that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by researching Drax’s compliance strategies and recent developments in the energy market. Show us you’re not just interested in the role but also passionate about our mission to decarbonise the planet.
✨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.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re serious about joining the Drax team and making a difference.
We think you need these skills to ace Head of Market Compliance in Ipswich
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 how you've previously developed compliance strategies or improved existing ones. Think of examples where you've led teams through complex regulatory landscapes and how you managed conflicting priorities while driving strategic change.
✨Communicate Like a Pro
Drax values strong communication skills across various stakeholders. Practice articulating your thoughts clearly and confidently, especially when discussing compliance risks and mitigation strategies. Be ready to demonstrate how you've effectively communicated with senior leaders in past roles.
✨Be Ready for Real-World Scenarios
Expect situational questions that assess your problem-solving abilities. Prepare examples of how you've handled internal investigations or regulatory interactions in the past. This will show Drax that you can think on your feet and handle challenges head-on.
