At a Glance
- Tasks: Lead compliance strategy and ensure adherence to UK and EU energy market regulations.
- Company: Join Drax, a forward-thinking company committed to a sustainable energy future.
- Benefits: Enjoy a competitive salary, private healthcare, generous holiday, and a pension plan.
- Other info: Be part of a diverse team dedicated to innovation and community representation.
- Why this job: Shape the future of energy while making a real impact on compliance culture.
- Qualifications: Proven experience in compliance within the energy sector and strong regulatory knowledge.
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 will improve policy and assurance processes to help support the delivery of Drax’s strategy, as well as helping to shape a progressive compliance culture in an uncertain world. You’ll be responsible for developing a multi-year compliance strategy covering all GB energy market business for expansion into new technologies and markets.
Key Responsibilities:
- 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.).
Requirements:
- 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.
As you help us to shape the future, we’ve shaped our rewards and benefits to help you thrive and support your lifestyle:
- PSP bonus plan
- A discretionary bonus depending on company performance
- Private Healthcare
- SAYE (Sharesave): discretionary scheme from time to time
- Group personal pension plan where we’ll contribute up to 10%
- Holiday - 25 days plus bank holidays
We actively work to better represent the communities we operate in, foster inclusion, and establish fair processes.
Locations
Head of Market Compliance in Bristol, Whitehall employer: Drax
Drax is an exceptional employer, offering a dynamic work environment where innovation and compliance are at the forefront of our mission to decarbonise the planet. With a strong focus on employee growth, we provide comprehensive benefits including a competitive bonus plan, private healthcare, and a generous pension scheme, all while fostering a culture of inclusion and collaboration. Join us in shaping the future of energy as we expand into new technologies and markets, ensuring that your contributions make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Market Compliance in Bristol, Whitehall
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Drax looking for candidates who are engaged and informed.
We think you need these skills to ace Head of Market Compliance in Bristol, Whitehall
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Drax. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Drax
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Drax’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
