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 salary, bonuses, private healthcare, and generous holiday.
- Other info: Be part of a diverse team committed to making a difference.
- Why this job: Make a real impact on the future of energy and climate change.
- Qualifications: Experience in compliance within energy sectors and strong communication skills.
The predicted salary is between 70000 - 90000 £ 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.
Who we are: We’re not just talking about making a difference, we’re making it happen. We generate dispatchable, renewable power and create stable energy in an uncertain world. Building on our proud heritage, we have ambition to become the global leader in sustainable biomass and carbon removals. You’ll be joining our teams of practical doers, future thinkers and business champions. We’re enabling a zero carbon, lower cost energy future for all, and working hard to decarbonise the planet for generations to come.
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 (email address removed).
Head of Market Compliance in Whitehall employer: Drax
Drax is an exceptional employer, offering a dynamic work environment where innovation meets sustainability. With a strong commitment to employee growth, we provide comprehensive benefits including private healthcare, a generous pension plan, and opportunities for professional development. Join us in London, Selby, or Ipswich, and be part of a team dedicated to making a meaningful impact on the climate challenge while shaping a rewarding career.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Market Compliance in Whitehall
✨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 Drax and understanding their compliance culture. Be ready to discuss how your experience aligns with their goals, especially in relation to UK and EU regulatory requirements.
✨Tip Number 3
Practice your pitch! You want to be able to clearly articulate your value and how you can contribute to Drax’s mission. Keep it concise and impactful, focusing on your leadership skills and compliance expertise.
✨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 you’re genuinely interested in joining the Drax team.
We think you need these skills to ace Head of Market Compliance in Whitehall
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 mission 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
✨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
Since you'll be dealing with various stakeholders, practice articulating complex compliance concepts in simple terms. Be ready to share how you've effectively communicated across different teams and represented them at senior leadership meetings.
✨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 past experiences where you had to navigate conflicting priorities or lead internal investigations.
