CEN30357 Director, Ethics & Compliance, EM&T
To provide regulatory compliance advice to Centrica’s Energy Marketing and Trading business, which includes Centrica Energy (Trading) Limited, an FCA authorised and regulated entity, and Centrica Energy Limited, which is licensed by Ofgem. This role is a senior professional Ethics & Compliance professional working closely with the Head of E&C EM&T and where appropriate deputising for the same.
The role will also be expected to contribute to the design, implementation and maintenance of the group wide E&C programme. The role operates under a high degree of regulatory scrutiny from regulators and exchanges in the wholesale traded markets in areas such as REMIT, EMIR, MAR, MiFID and exchange/trading venue rules. The role is expected to be able to interface with the FCA, Ofgem and exchanges in relation to matters of wholesale market conduct and systems & controls in a trading business. The role will be expected to prepare and deliver Compliance training materials (including updating of the firm’s Compliance manual), which are relevant and scenario-based, to EM&T traders, FCA approved persons and EM&T staff.
The role will be a significant contributor to scoping and preparing Compliance risk assessments, Compliance planning and defining the Compliance monitoring and transaction surveillance programme in an energy and financial instrument trading environment. The role will have a significant corporate governance component that may include, from time to time:
- Provision of Compliance updates to the CETL Board
- Chairing of CETL’s Compliance Committee meetings and provision of regulatory updates
- Attendance at EM&T commitment committee and leadership team meetings as necessary
The role will have authority to approve EM&T new business initiatives including identification and assessment of applicable regulatory compliance requirements and review of systems & controls to ensure that regulatory compliance requirements are effectively controlled and operationalised. The role will be required to input and direct elements of projects that operationalise regulatory compliance change within EM&T and, on occasion, across Centrica group where regulatory change is applicable to businesses outside of EM&T e.g. MAR and MiFID II.
Manage a varied portfolio of regulatory compliance activities including: giving advisory opinions, providing training, developing policies and processes, approving new business initiatives, and supporting business-led projects (including group level initiatives) and transactions. The job holder may also be required to provide specialist regulatory assistance to the Legal team in relation to reviewing, interpreting and drafting complex contractual documentation.
Keep up to date with UK and EU regulatory developments and analyse and assess the impact of applicable forthcoming UK and EU legislation in conjunction with Regulatory Affairs, Legal and other internal teams, as appropriate, and will help to shape the company’s response to regulatory change.
Significant exposure to senior management and be required to work closely with the business to help to implement such change. The job holder may also be required to attend industry working group meetings and represent the company in meetings with the FCA and Ofgem.
Assist the Head of E&C EM&T in managing the EM&T E&C team where appropriate and acting as delegate for the Head of E&C EM&T as required.
The candidate must have:
- Experience of regulatory compliance matters in wholesale financial and energy markets across key disciplines such as policy development, policy implementation, provision of advisory support, Compliance governance and reporting, handling internal and external investigations and reviews, creating training materials and provisions of training, interfacing with other front office and control functions.
- Effective user of office technology and awareness of control issues as they impact complex information technology environments.
- Experience working in-house or a top tier international law firm, in the regulatory/financial services sector.
- Experience of the energy or commodities sectors.
Supporting and co-operating
Supports others and shows respect and positive regard for them; puts people first, working effectively with individuals and teams, clients and staff; behaves consistently with clear personal values that complement those of Centrica
Interacting and presenting
Communicates and networks effectively; builds and maintains good working relationships; successfully persuades and influences others; relates to others in a confident and relaxed manner
Analysing and presenting
Shows evidence of clear analytical thinking; gets to the heart of complex problems and issues; applies own expertise effectively; quickly learns new technology; communicates well in writing
Creating and conceptualising
Produces new ideas, approaches or insights; creates innovative solutions; produces a range of solutions to problems; works strategically to realise organisational goals; takes account of a wide range of issues across and related to the organisation
Organising and executing
Sets clearly defined objectives; plans activities and projects well in advance and takes account of possible changing circumstances; identifies and organises resources needed to accomplish tasks (including instructing and managing external resources as appropriate); monitors performance against deadlines and milestones; focuses on customer needs and satisfaction; sets high standards for quality and quantity; monitors and maintains quality and productivity; consistently achieves project goals
Adapting and coping
Adapts to changing circumstances; tolerates and navigates ambiguity; accepts new ideas and change initiatives; adapts interpersonal style to suit different people or situations; works productively in a pressurised environment
Enterprising and performing
Accepts and tackles demanding goals with enthusiasm; seeks progression to roles of increased responsibility and influence; identifies own development needs and makes use of developmental or training opportunities; keeps up to date with legal, compliance and regulatory trends and initiatives
Ethics and diversity
Responds to compliance challenges in a commercial way underpinned by professional integrity and sound ethical standards; positively embraces equality and diversity within the workplace
Centrica plc, a FTSE 100 company, has operations in UK, North America and Europe. With 30+ million customer-product relationships, Centrica's vision is to become the leading integrated supplier of energy and related services for its chosen markets and maximise value to shareholders. Centrica's brand names include British Gas, Direct Energy (North America). At Centrica, our purpose is to help people today and secure energy for tomorrow.
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To request an update on this role, or if you have any problems uploading your CV please email firstname.lastname@example.org typing CEN30357 Director, Ethics & Compliance, EM&T R9990022 in the subject title.
Agencies: Centrica operate a preferred supplier arrangement, however if you wish to be considered at the next review session please submit a brief overview of your capability to PSL@centrica.com.
Please note that this role is principally based in London (from September 12, 2016); although occasional travel to Windsor (and possibly Denmark re Neas) is expected.