At a Glance
- Tasks: Lead investigations into wholesale energy market conduct and ensure compliance with regulations.
- Company: Ofgem, the regulator for the electricity and gas markets in Great Britain.
- Benefits: Inclusive workplace culture, opportunities for mentorship, and professional development.
- Other info: Collaborate with key stakeholders and contribute to innovative projects across the energy sector.
- Why this job: Make a real impact on energy markets while working with diverse teams and complex data.
- Qualifications: Experience in wholesale energy markets, strong analytical skills, and proficiency in Python or SQL.
The predicted salary is between 55000 - 65000 € per year.
This role sits at the centre of Ofgem’s work to promote fair, transparent and well‑functioning wholesale gas and electricity markets for the benefit of GB consumers. Working within the Wholesale Market Conduct team, you will play a leading role in monitoring wholesale energy markets for potential breaches of REMIT and relevant generation licence conditions, including prohibitions on market manipulation and insider trading.
The role requires sound, real‑world experience of wholesale energy markets rather than purely academic knowledge, with the ability to understand market fundamentals, trading behaviours and complex commercial strategies as they operate in practice. You will lead and contribute to compliance and enforcement activity, producing robust, timely analysis and clear reports that stand up to scrutiny, and engaging directly with wholesale market participants, exchanges and brokers on conduct issues.
A core feature of the role is working with large, complex and often unique datasets covering trading activity and physical asset characteristics, using both qualitative judgement and quantitative analysis to identify risks, investigate issues and support evidence‑based recommendations. You will help strengthen the team’s proactive monitoring capability by improving analytical tools and processes, escalating emerging risks, and supporting effective risk management.
Alongside investigative work, you will collaborate closely with policy, legal and international colleagues across Ofgem and work with key external stakeholders including the National Energy System Operator, the FCA, ACER and other European regulators. The role also offers opportunities to mentor colleagues, build team capability and contribute to wider projects across the Wholesale Markets Oversight and International portfolio.
This is a demanding and influential position for someone who can work independently, think creatively and communicate complex wholesale market issues clearly to non‑expert audiences, while operating confidently in a data‑rich regulatory environment. Ofgem has a culture of inclusion that encourages, supports and celebrates the diverse voices and experiences of our colleagues. It fuels our innovation and helps ensure we can best represent the consumers and the communities we serve. Everyone is welcome - as an inclusive workplace, our employees are comfortable bringing their authentic selves to work.
The Wholesale Market Conduct team promotes and protects the integrity and transparency of wholesale gas and electricity markets so that they work for GB consumers. The team’s major functions include:
- Monitoring the markets for potential breaches of REMIT (Regulation on Wholesale Energy Market Integrity and Transparency), which includes prohibitions on market manipulation and insider trading, and certain generation licence conditions such as Transmission Constraint Licence Condition (TCLC) and Inflexible Offer Licence Condition (IOLC).
- Taking action, including enforcement where necessary, to address breaches. This requires understanding market fundamentals and complex trading strategies, and using qualitative and quantitative analysis to support investigations.
This role covers a variety of issues across wholesale markets, with the opportunity to use unique and complex datasets relating to trading activity and producers’ physical characteristics, in order to make the market work better for consumers. You will work with colleagues in other parts of Ofgem, including policy and legal teams. You will engage with Ofgem’s stakeholders such as National Energy System Operator, the Financial Conduct Authority, Council of European Energy Regulators (CEER) and other national regulatory agencies (NRAs) in Europe, as well as gas and electricity stakeholders.
Key Outputs and Deliverables
- Leading on compliance or enforcement activity in relation to wholesale market conduct issues by producing high quality, timely, and robust analysis and reports and by engaging with market participants and market operators on conduct issues.
- Build capability in the team by improving the team’s analytical tools and processes for proactive monitoring of large and complex wholesale transaction datasets for potential regulation breaches.
- Making evidence‑based recommendations: identifying and escalating key issues as well as assisting in the management of risk.
- Contributing to learning and development of colleagues, by mentoring and developing team learning materials.
- Contribute to the delivery of wider projects in the Wholesale Markets Oversight and International portfolio.
Person specification
- Sector knowledge: An understanding of the operation of wholesale energy markets and/or experience of trading (energy, commodities or equities etc) and/or market surveillance systems. (LEAD CRITERIA)
- Excellent analytical and quantitative skills. Experience in analysing complex quantitative and qualitative data and evidence to arrive at conclusions and recommendations. (LEAD CRITERIA)
- Experience of interpreting and applying complex legislation, regulation, rules and processes to deliver effective compliance or enforcement investigations.
- Excellent written and verbal communication skills that effectively communicate complex issues to non-expert audiences.
- Demonstrated ability to take initiative, think creatively and work independently.
- Experience using Python or SQL programming languages to manage large datasets and produce compelling analytical outputs.
Behaviours
- Changing and Improving
- Making Effective Decisions
- Communicating and Influencing
Technical skills
You will be required to prepare a presentation at interview stage.
Senior Enforcement Investigator - Wholesale Market Conduct in Glasgow employer: Ofgem
Ofgem is an exceptional employer that champions a culture of inclusion and innovation, making it an ideal workplace for those passionate about promoting fair energy markets. With opportunities for professional growth through mentoring and collaboration with diverse teams, employees can thrive in a dynamic environment that values their authentic selves. Located at the heart of the UK's energy regulation, Ofgem offers a unique chance to engage with key stakeholders and make a meaningful impact on the energy landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Enforcement Investigator - Wholesale Market Conduct in Glasgow
✨Tip Number 1
Get to know the company inside out! Research Ofgem's recent projects and initiatives in wholesale market conduct. This will help us tailor our conversations during interviews and show that we're genuinely interested in their work.
✨Tip Number 2
Practice makes perfect! Prepare for the interview by simulating questions related to compliance, enforcement, and market analysis. We can even role-play with a friend to boost our confidence and refine our responses.
✨Tip Number 3
Show off those analytical skills! Be ready to discuss how we've used data analysis in past roles. Bring examples of how we’ve tackled complex datasets and made evidence-based recommendations – this is key for the role!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets noticed. Plus, it shows we’re proactive and serious about joining the team at Ofgem.
We think you need these skills to ace Senior Enforcement Investigator - Wholesale Market Conduct in Glasgow
Some tips for your application 🫡
Know Your Stuff:Make sure you really understand the wholesale energy markets. We want to see that you can apply your real-world experience, not just textbook knowledge. Dive into the details of market manipulation and insider trading – it’ll show us you’re serious about the role!
Show Off Your Analytical Skills:We love a good analysis! When writing your application, highlight your experience with complex datasets and how you've used qualitative and quantitative analysis in past roles. This is your chance to demonstrate how you can turn data into actionable insights.
Communicate Clearly:Remember, we need someone who can explain complex issues to non-experts. Use clear, straightforward language in your application. If you can make complicated concepts easy to understand, you’ll definitely catch our eye!
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to keep track of your application and ensure it gets the attention it deserves. Plus, it’s super easy to do!
How to prepare for a job interview at Ofgem
✨Know Your Market Inside Out
Make sure you have a solid understanding of wholesale energy markets, including key regulations like REMIT. Brush up on market manipulation and insider trading concepts, as you'll need to discuss these in detail during the interview.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess with real-world examples. Be ready to discuss how you've used quantitative and qualitative data to make evidence-based recommendations in past roles, especially in relation to compliance or enforcement.
✨Communicate Clearly and Confidently
Practice explaining complex issues in simple terms. You’ll likely be asked to present your findings, so ensure you can convey your insights clearly to non-expert audiences. This will show your ability to engage effectively with various stakeholders.
✨Be Ready to Discuss Tools and Technologies
Familiarise yourself with Python and SQL, as these are crucial for managing large datasets. Be prepared to talk about any tools or processes you've improved in previous roles, particularly those that enhance analytical capabilities.
