Market Design Lead in Hull

Market Design Lead in Hull

Hull Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead the design of innovative solutions for the retail energy market.
  • Company: Join RECCo, a non-profit shaping the future of energy regulation.
  • Benefits: Enjoy 25 days leave, private medical insurance, and a learning budget.
  • Why this job: Make a real impact on the energy sector while developing your skills.
  • Qualifications: Knowledge of energy regulations and strong problem-solving skills required.
  • Other info: Collaborative culture with a commitment to diversity and inclusion.

The predicted salary is between 36000 - 60000 £ per year.

We are an independent, non-profit organisation responsible for the Retail Energy Code — a key part of how the GB retail energy market is regulated. But we don't just manage rules. We look ahead, not just react, helping the market change in the right way. We deliver secure digital services, clear governance, and practical solutions that protect consumers, support innovation, and help the energy system move towards net zero.

The Market Design Lead plays a pivotal role in shaping and guiding the evolution of the retail energy market in Great Britain. Operating as part of the Design Authority for the Retail Energy Code, this role ensures that market design decisions are coherent, consumer-centric, operationally viable, consistent with regulatory and technical frameworks and aligned with broader strategic objectives.

They will lead on the design and review of proposals that impact the functioning of retail market arrangements and maintain a strong interface between policy, strategy, business process, technical, assurance and implementation requirements. As part of a multidisciplinary Market Design Team, the Market Design Lead is responsible for leading design thinking and analysis to enhance the Retail Energy Code and its services. This will involve close collaboration with other design leads, senior stakeholders, internal teams (such as data, technology and strategy teams), project teams, REC service providers and REC stakeholders to deliver cohesive enhancements to the retail energy market, in accordance and compliance with RECCo's regulatory obligations.

This role will operate as the design lead for Switching and Registration in the REC. The REC sets out the governance, process, interfaces, technical requirements and assurance of the switching arrangements. This includes the requirements of the Centralised Registration Service (CRS) and Switching Data Service Providers, obligations for market participants, service management arrangements, data governance, data quality and process/obligations for market participants.

The right candidate should have an interest, sound knowledge and understanding of the regulatory framework, process, technical design, service management, governance and assurance of the REC switching arrangements; how these can be evolved to further the REC objectives; and how these interact with other codes outside of the REC.

Your Responsibilities

  • Solution Design Leadership
    • Lead and own the design for Change Proposals, service enhancements and projects impacting the Retail Energy Code and REC Services, in accordance with agreed design principles and quality standards.
    • Analyse and define impacts to market requirements, participant roles, process flows and central systems.
    • Develop effective and comprehensive design artefacts, position papers, and impact assessments for Change Proposals to ensure the efficacy of the REC change process and project deliverables.
    • Provide support and leadership as a critical friend to other teams in RECCo, REC Service Providers and industry stakeholders on matters impacting the design and development of the Retail Energy Code and REC Services.
  • Design Governance and Assurance
    • Provide clear, evidenced inputs into Design Authority decisions in accordance with agreed Decision-Making Principles.
    • Represent RECCo in formal design governance forums, working groups, and external events.
    • Support consistent application of the REC Design Principles and Decision-Making Principles across your work, and in engagement with wider governance forums.
    • Maintain version-controlled design artefacts and provide input to change logs and decision records.
    • Lead and support reviews of implemented changes to determine if benefits have been realised and measure the value of changes to the Retail Energy Code, to improve the efficacy and outcomes of the change process.
    • Identify and report any perceived or actual conflicts of interest in decision-making, whether at individual or company level.
  • Cross Functional Collaboration
    • Collaborate with internal teams, project teams, Service Providers and REC governance functions to ensure activities are coordinated and dependencies are managed.
    • Collaborate with other Code Managers on cross-code impacting activities, ensuring proposals are developed efficiently in considerations of the wider-market impact.
    • Ensure proposals are subject to appropriate consultation and are developed transparently, with input from impacted stakeholders, in accordance with good industry practice and Decision-Making Principles.
    • Engage with Ofgem, DESNZ and other regulatory bodies as appropriate where there are dependencies and interactions required to support the design and delivery of changes to the REC.
  • Change Management
    • Support the ongoing development, management and prioritisation of the REC Change Roadmap, ensuring this aligns with strategic priorities for the REC and agreed prioritisation criteria.
    • Work with Service Providers, internal project teams and Change Proposers to ensure Change Proposals follow the appropriate process to support decision-making and prevent the need for send-backs or rejections due to issues with solution quality or due process.
    • Take ownership of aspects of RECCo's Delivery Plan against Ofgem's Strategic Direction Statement (SDS) and provide regular reporting and updates in accordance with internal RECCo governance.

About You

  • Good understanding of the GB retail energy market and its regulatory framework.
  • Good understanding of the Retail Energy Code and its associated change and governance processes.
  • Demonstrated experience in developing, reviewing and implementing solution designs and Change Proposals impacting regulatory arrangements.
  • Understanding of technical design documentation and requirements traceability approaches.
  • Excellent problem-solving and issue-resolution skills, with the ability to think "outside-the-box".
  • Excellent communication skills, both written and verbal, able to understand and articulate complex issues.
  • Able to develop and maintain good relationships with the REC stakeholders and appreciate their interests.
  • Strong attention to detail – able to identify seemingly small errors and discrepancies.
  • Experience and understanding of legal drafting, and how this links to solution design.

What You'll Get In Return

We offer a great range of benefits and a collaborative culture in which you'll have the opportunity to shape how we do things from the ground up during an exciting period of growth.

  • 25 days annual leave + bank holidays and a holiday buy scheme
  • Private medical insurance and life cover
  • Employee Assistance Programme with access to an online portal containing a wealth of wellbeing resources, online self-help courses and shopping discounts
  • Company pension scheme with 7% employer contributions
  • Enhanced parental leave and pay
  • 2 paid volunteering days per annum to get involved with a charity or community group of your choice and access to a payroll giving scheme if you'd like to make regular donations to charity
  • £40 well-being allowance every month
  • Access to lease an Electric Vehicle via a salary sacrifice scheme
  • Learning budget which you can use towards courses, books, webinars or conferences
  • Knowledge-sharing sessions, e-learning and an online hub of training resources to aid your professional development

Our Commitment

At RECCo we are committed to cultivating an environment that promotes equality, diversity and inclusion. We want you to bring your authentic self to work every day and feel comfortable being you, no matter your age, gender identity, ethnicity, religion, disability status or otherwise.

Market Design Lead in Hull employer: Retail Energy Code Company

RECCo is an exceptional employer that fosters a collaborative and inclusive work culture, offering employees the chance to shape the future of the retail energy market in Great Britain. With a comprehensive benefits package including generous annual leave, private medical insurance, and a commitment to professional development, RECCo supports its team members in achieving their personal and career goals while making a meaningful impact on the energy sector.
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Contact Detail:

Retail Energy Code Company Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Market Design Lead in Hull

✨Tip Number 1

Network like a pro! Reach out to folks in the energy sector, especially those connected to RECCo. Attend industry events or webinars to make connections and show your enthusiasm for the role.

✨Tip Number 2

Prepare for interviews by diving deep into the Retail Energy Code and its implications. Be ready to discuss how your experience aligns with their goals and how you can contribute to shaping the market.

✨Tip Number 3

Showcase your problem-solving skills! Think of examples from your past where you tackled complex issues, especially in regulatory frameworks or technical designs. This will highlight your fit for the Market Design Lead role.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who take that extra step!

We think you need these skills to ace Market Design Lead in Hull

Market Design
Regulatory Framework Knowledge
Solution Design
Change Proposal Development
Technical Design Documentation
Stakeholder Engagement
Problem-Solving Skills
Communication Skills
Attention to Detail
Cross-Functional Collaboration
Governance and Assurance
Data Analysis
Project Management
Impact Assessment

Some tips for your application 🫡

Tailor Your Application: Make sure to customise your CV and cover letter for the Market Design Lead role. Highlight your experience with regulatory frameworks and solution design, as these are key aspects of the job. We want to see how your skills align with what we're looking for!

Showcase Your Problem-Solving Skills: In your application, don’t shy away from sharing examples of how you've tackled complex issues in the past. We love candidates who can think outside the box and come up with innovative solutions, so let us know how you’ve done this before!

Be Clear and Concise: When writing your application, clarity is key! Use straightforward language and structure your thoughts logically. We appreciate well-organised applications that get straight to the point, making it easy for us to see your qualifications.

Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!

How to prepare for a job interview at Retail Energy Code Company

✨Know Your Market Inside Out

Before the interview, dive deep into the GB retail energy market and the Retail Energy Code. Familiarise yourself with recent changes, challenges, and innovations in the sector. This knowledge will not only impress your interviewers but also help you articulate how your experience aligns with their needs.

✨Showcase Your Design Leadership Skills

Prepare examples of your past experiences where you've led design thinking and analysis. Be ready to discuss specific Change Proposals you've developed or reviewed, highlighting your problem-solving skills and ability to collaborate with various stakeholders. This will demonstrate your capability to take on the Market Design Lead role effectively.

✨Communicate Clearly and Confidently

Practice articulating complex issues in a straightforward manner. Use clear examples to illustrate your points, especially when discussing technical design documentation or governance processes. Good communication is key in this role, so showing that you can convey ideas effectively will be a big plus.

✨Engage with Their Values

Research RECCo's commitment to equality, diversity, and inclusion. Be prepared to discuss how you can contribute to this culture. Sharing your own experiences related to these values can help you connect with the interviewers and show that you're a good fit for their team.

Market Design Lead in Hull
Retail Energy Code Company
Location: Hull
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