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- Tasks: Lead strategic initiatives and ensure compliance with regulatory expectations in the energy market.
- Company: Join RECCo, a key player in shaping the future of the retail energy market in Great Britain.
- Benefits: Enjoy remote work, competitive salary, 25 days leave, private medical insurance, and a learning budget.
- Why this job: Be part of a collaborative culture that values innovation and consumer-focused outcomes during exciting growth.
- Qualifications: Experience in compliance or regulatory governance, strong analytical skills, and effective stakeholder engagement required.
- Other info: Opportunity for personal development through training resources and volunteering days.
The predicted salary is between 65000 - 67500 £ per year.
Regulatory Policy & Strategy Manager
Salary: £65,000-£67,500 per annum
Hours: Full-time
Location: Remote, with occasional travel to London for events and team activities
About Us
The Retail Energy Code Company (RECCo) is responsible for managing and evolving the Retail Energy Code (REC), which governs the interactions of parties involved in the Great Britain retail energy market. Our mission is to ensure the efficient and effective operation of the market, promoting innovation, competition, and delivering positive outcomes for consumers. We manage a range of critical services, all aimed at driving operational efficiencies and delivering value to the industry and consumers alike.
RECCo supports a broad set of stakeholders, including energy suppliers, network operators, and metering service providers, facilitating the effective delivery of their obligations under the REC. This makes RECCo a vital player in shaping the future of the energy market.
The Role
We are seeking a strategically minded and analytically strong individual to join our team as Regulatory Policy and Strategy Manager. This is a senior individual contributor role within a flat team structure, reflecting the significance and autonomy of the post.
You will be responsible for leading strategic initiatives that ensure the REC remains aligned with regulatory expectations and market evolution. The role balances forward-looking strategic development, compliance oversight, and regulatory policy analysis, with a particular focus on the governance of suppliers and other parties who interact directly with consumers.
You will work across RECCo to ensure the REC and its associated systems and services respond effectively to Ofgem’s Strategic Direction Statement and wider government reforms. This includes working proactively on change proposals, helping shape the strategic work plan, maintaining licence and code compliance, and engaging with policy consultations on behalf of the organisation.
Key Responsibilities
- Lead the development and updating of RECCo’s strategic roadmap and contribute to the Forward Work Plan.
- Analyse policy and regulatory developments (including Ofgem consultations, licence changes and government energy reform proposals) and assess their impacts on the REC and retail market participants.
- Ensure ongoing compliance with code and future licence conditions, including impartiality, transparency, and not-for-profit governance.
- Collaborate with colleagues to ensure strategic initiatives are developed with customer and regulatory needs at their core.
- Draft responses to regulatory and government consultations to influence outcomes in line with RECCo’s mission.
- Act as Senior Responsible Owner (SRO) for assigned strategic projects, with responsibility for delivery and associated budget oversight as required.
- Present findings, recommendations, and policy positions to internal and external stakeholders including the Board, regulators and other stakeholders.
About You
- Strategic Insight: Able to connect high-level policy direction to practical code governance and delivery challenges.
- Compliance Understanding: Experience in compliance or regulatory governance within a regulated industry.
- Analytical Acumen: Strong ability to distil complex policy documents and consultation proposals into actionable strategies.
- Policy Literacy: Familiarity with energy licence conditions, code governance, or retail market operations preferred.
- Stakeholder Engagement: Effective communicator with a track record of influencing regulatory or industry stakeholders.
- Consumer-Focused: Committed to delivering regulatory outcomes that support end consumers, not just market participants.
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 during an exciting period of growth.
Employee benefits:
- Competitive base salary + up to 5% annual bonus
- Remote working with the option to work ad-hoc in our Central London serviced office
- 25 days annual leave + bank holidays and a holiday buy / sell 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
- 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.
Regulatory Policy & Strategy Manager employer: Retail Energy Code Company
Contact Detail:
Retail Energy Code Company Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Policy & Strategy Manager
✨Tip Number 1
Familiarise yourself with the Retail Energy Code and its implications for the energy market. Understanding the nuances of the code will help you articulate how your skills align with RECCo's mission during discussions.
✨Tip Number 2
Engage with current regulatory developments and Ofgem consultations. Being well-versed in recent changes will allow you to demonstrate your analytical acumen and strategic insight when discussing potential impacts on the REC.
✨Tip Number 3
Network with industry professionals and stakeholders involved in regulatory governance. Building these connections can provide valuable insights and may even lead to recommendations that strengthen your application.
✨Tip Number 4
Prepare to discuss your experience in compliance and stakeholder engagement. Highlight specific examples where you've influenced outcomes or navigated complex regulatory environments, as this will resonate with the role's requirements.
We think you need these skills to ace Regulatory Policy & Strategy Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Regulatory Policy & Strategy Manager position. Tailor your application to highlight how your skills and experiences align with the key responsibilities outlined in the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in compliance or regulatory governance within a regulated industry. Provide specific examples of how you've successfully managed strategic initiatives or influenced policy outcomes in previous roles.
Showcase Analytical Skills: Demonstrate your analytical acumen by discussing instances where you've distilled complex policy documents into actionable strategies. This could include any relevant projects or analyses you've conducted that relate to energy regulation or market operations.
Engage Stakeholders: Illustrate your stakeholder engagement skills by providing examples of how you've effectively communicated with and influenced regulatory or industry stakeholders. Highlight any presentations or consultations you've led that showcase your ability to advocate for consumer-focused outcomes.
How to prepare for a job interview at Retail Energy Code Company
✨Understand the Regulatory Landscape
Familiarise yourself with the current regulatory environment in the energy sector, particularly Ofgem's Strategic Direction Statement. Being able to discuss recent developments and their implications for the Retail Energy Code will demonstrate your analytical acumen and strategic insight.
✨Showcase Your Stakeholder Engagement Skills
Prepare examples of how you've effectively communicated and influenced stakeholders in previous roles. This is crucial for a position that requires collaboration with various parties, including regulators and industry stakeholders.
✨Demonstrate Compliance Knowledge
Be ready to discuss your experience with compliance and regulatory governance. Highlight any specific instances where you ensured adherence to regulations or contributed to policy development, as this aligns closely with the role's responsibilities.
✨Prepare for Scenario-Based Questions
Anticipate questions that may ask you to analyse a hypothetical regulatory change or a compliance challenge. Practising how you would approach these scenarios can help you articulate your thought process and problem-solving skills during the interview.