At a Glance
- Tasks: Support a European energy organisation in enhancing its REMIT compliance framework.
- Company: Join a leading player in the energy and commodities sector.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Dynamic role with opportunities to work across multiple branches and jurisdictions.
- Why this job: Make a real impact by translating regulations into practical business processes.
- Qualifications: Strong knowledge of REMIT and experience in energy/commodities trading required.
The predicted salary is between 54000 - 66000 £ per year.
We are seeking an experienced REMIT SME / Business Analyst to support a European energy/commodities organisation in assessing, strengthening and implementing its REMIT compliance framework across multiple branches. The role requires a combination of REMIT regulatory knowledge, commodities/trading domain expertise and hands-on implementation experience. The successful candidate should be able to translate regulatory requirements into practical operating processes and controls, rather than providing purely legal or policy advice.
Responsibilities
- Perform a current-state assessment and gap analysis of existing REMIT processes, controls and operating practices across relevant branches and functions.
- Translate REMIT requirements into practical business and operational requirements, including processes, controls, procedures, governance, roles and responsibilities.
- Assess consistency of REMIT implementation across different locations/functions and identify areas of regulatory or operational risk.
- Work with Front Office, Compliance, Operations, Technology, Risk and other stakeholders to define the target-state REMIT operating model.
- Define and prioritise remediation actions and workstreams, supporting the development of an actionable implementation roadmap.
- Support and, where appropriate, lead remediation through design, implementation and closure, ensuring recommendations are translated into sustainable operational processes.
- Review areas such as transaction and fundamental data reporting, market conduct/market abuse controls, inside information and disclosure obligations, where applicable to the client's activities.
- Define business requirements and support changes to processes, controls, data and systems required to achieve compliance.
- Produce appropriate documentation and evidence to support internal governance, Compliance and audit/regulatory reviews.
- Coordinate across branches to drive a consistent approach to REMIT compliance while recognising legitimate local or business-specific requirements.
Skills
Must have
- Strong practical knowledge of REMIT and European energy/commodity market regulation.
- Experience within energy and/or commodities trading, with an understanding of the trade lifecycle and associated operational processes.
- Demonstrable experience translating regulation into business processes, controls and operating procedures.
- Experience performing regulatory gap assessments, implementation programmes, audit/compliance assessments and/or regulatory remediation.
- Strong Business Analysis capabilities, including requirements gathering, process mapping, gap analysis and stakeholder management.
- Ability to work effectively with Compliance, Front Office/Trading, Operations and Technology stakeholders.
- Experience working across multiple legal entities, branches or jurisdictions would be advantageous.
Nice to have
- Working experience with Endur (trading system) and SCILA (surveillance).
- Knowledge of EMIR and other European transaction/regulatory reporting regimes, particularly where experience is transferable to REMIT.
- Understanding of REMIT reporting processes, data requirements and interaction with Registered Reporting Mechanisms (RRMs) and ACER.
- Experience with market surveillance, market abuse controls and regulatory reporting controls within commodities/energy trading.
- Previous involvement in regulatory remediation following an internal audit, compliance review or regulatory assessment.
- Experience working within Switzerland and/or supporting European organisations with cross-border operations.
Languages
- English: C2 Proficient
Seniority
- Senior
London, United Kingdom of Great Britain and Northern Ireland
REMIT SME / Business Analyst in Kennington employer: Luxoft
As a leading bank, we pride ourselves on fostering a dynamic and inclusive work environment that encourages professional growth and collaboration. Our Training Business Analyst role offers the opportunity to engage in impactful projects while working alongside talented teams dedicated to compliance and innovation. With a strong commitment to employee development and a culture that values diverse perspectives, we provide our staff with the tools and support needed to thrive in their careers.
StudySmarter Expert Advice🤫
We think this is how you could land REMIT SME / Business Analyst in Kennington
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Luxoft. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace REMIT SME / Business Analyst in Kennington
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Luxoft.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Luxoft's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Luxoft
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Luxoft.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Luxoft will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Luxoft employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
