At a Glance
- Tasks: Support a European energy organisation in enhancing its REMIT compliance framework across branches.
- Company: Dynamic energy/commodities organisation focused on regulatory excellence.
- Benefits: Competitive salary, professional development, and opportunities for impactful work.
- Other info: Collaborative environment with opportunities for career advancement.
- Why this job: Make a real difference in compliance while working with industry experts.
- Qualifications: Strong knowledge of REMIT and experience in energy/commodities trading required.
The predicted salary is between 54000 - 66000 Β£ 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 London employer: Luxoft
Luxoft is an excellent employer that fosters a dynamic and collaborative work culture, particularly for those passionate about market risk analytics. With a strong emphasis on employee growth, you will have access to continuous learning opportunities and the chance to work with cutting-edge technologies in a supportive agile environment. Located in the United Kingdom, Luxoft offers a unique blend of professional development and a vibrant team atmosphere, making it an ideal place for skilled developers looking to make a meaningful impact.