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 pay, 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.
Scroll down for a complete overview of what this job will require. Are you the right candidate for this opportunity?
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 include:
- 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
- A 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.
Head of Market Compliance in Westminster employer: Drax
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 generous pension plan, private healthcare, and opportunities for professional development, all while fostering an inclusive environment where every voice is valued. Join us in shaping a zero carbon future and enjoy the support and resources needed to thrive in your career.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Market Compliance in Westminster
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with professionals on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you answer questions more confidently and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your pitch! Be ready to explain why you're the perfect fit for the Head of Market Compliance role. Highlight your experience with compliance programmes and regulatory requirements, and don’t forget to showcase your leadership skills.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining Drax and contributing to our mission of creating a sustainable energy future.
We think you need these skills to ace Head of Market Compliance in Westminster
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Head of Market Compliance role. Highlight your experience in compliance programme development and your knowledge of UK and EU regulations. We want to see how your skills align with what we're looking for!
Showcase Your Leadership Skills:Since this role involves leading teams and representing Drax at senior meetings, it's crucial to demonstrate your leadership experience. Share specific examples of how you've managed teams or projects in the past. We love seeing practical examples!
Be Clear and Concise:When writing your application, keep it clear and to the point. Use straightforward language and avoid jargon unless necessary. We appreciate a well-structured application that makes it easy for us to see your qualifications.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you're serious about joining our team at Drax!
How to prepare for a job interview at Drax
✨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 Leadership Skills
As the Head of Market Compliance, you'll be leading teams and representing them at senior meetings. Prepare examples of how you've successfully managed multi-discipline teams and driven strategic change in previous roles. This will demonstrate your capability to lead effectively.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills, especially around compliance risk evaluation and mitigation strategies. Think of past experiences where you had to navigate complex compliance issues and be ready to share how you approached them.
✨Engage with Drax's Vision
Drax is all about making a difference in the energy sector. Familiarise yourself with their mission and values, and be prepared to discuss how your personal goals align with their commitment to sustainability and innovation in energy solutions.
