AddressJoin Ofgem as Deputy Director, Wholesale Market Oversight and International
Ofgem, the regulator for electricity and gas markets in Great Britain, is seeking a visionary leader for the role of Deputy Director, Wholesale Market Oversight and International. This pivotal position offers the opportunity to shape the future of energy, ensuring a greener, fairer system for all.
Key Responsibilities:
- Lead the monitoring of wholesale energy markets, providing critical insight and analysis to inform policy and manage consumer risks.
- Enforce Wholesale Market trading rules (REMIT), identifying and mitigating harmful activities.
- Foster strong international relations, connecting Ofgem with global energy regulators and contributing to diplomatic initiatives.
- Drive strategic initiatives, collaborating with senior leadership to align resources and efforts with Ofgem’s vision.
What We Offer:
- A chance to be at the forefront of energy Market Oversight during a transformative era.
- A collaborative, inclusive work environment that values innovation and diversity.
- A significant role in delivering strategic priorities for a sustainable energy future.
Who We Are Looking For:
- Strategic thinkers with experience of leading monitoring and investigatory work in the energy sector or a similar regulated industry.
- Leaders with a track record of delivering complex programs and managing cross-functional teams.
- Individuals committed to fostering development, inclusivity, and diversity within the workplace.
- A passion for continuous improvement and a commitment to ethical market behaviour.
- A diplomatic approach to international relations, with a knack for fostering collaborative partnerships.
- Strategic acumen to contribute to Ofgem’s broader goals and the ability to translate vision into action.
Join Us: If you are ready to take on this challenge and contribute to a vital public service, we encourage you to apply. Help us navigate these exciting times and play a key role in Ofgem’s mission to deliver a greener, fairer energy system for Great Britain.
Apply Now to become a part of our leadership team and make a lasting impact on the energy sector. Your leadership can help us navigate the challenges and opportunities of today’s energy markets, ensuring a sustainable future for all.
Ofgem is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
Job description
In this role you will lead the monitoring of the Wholesale Market, supporting teams across Ofgem with insight and analysis using real-time data and longer-term trends, to inform our broader policy work and to help senior decision makers manage risks to consumers in this area. You will need to work especially closely with our Security of Supply policy team.
Underpinning this is the robust enforcement of the rules in relation to Wholesale Market trading (REMIT) which you will lead – promoting, mandating and delivering the right behaviours across the energy sector. You will harness data to identify potentially harmful or nefarious activity and – alongside your investigation and negotiation skills – further use it to instigate and secure successful enforcement activity.
Great Britain is physically and intrinsically linked to the energy systems – and energy markets – of our neighbouring European countries (via its gas and electricity interconnectors). It is therefore vital that Ofgem remains plugged in to what is happening in the energy markets in Europe – and further afield. With your knowledge of Wholesale Markets and GB’s trading arrangements you will be the link between Ofgem and the international community, overseeing teams supporting our day-to-day relations with global energy regulators, legacy projects from COP 26, and with wider diplomatic initiatives on behalf of the UK Government.
These are exciting but challenging times. We are looking for people to meet the challenges we face head-on, and help us deliver a greener, fairer energy system.
Person specification
Along with your objectives to agree with the director, you will:
- Collaborate with other regulatory directorates to identify analytical needs and embed processes;
- Oversee and direct team of experts providing data, insight and understanding of wholesale energy markets for Ofgem decision makers and external stakeholders, ensuring a high quality monitoring framework for Wholesale Markets and security of supply;
- Oversee and direct multi-disciplinary case teams carrying out the most complex cases for REMIT and Generation licence breach investigations being managed by team members and experts.
- Embed a culture of continuous improvement in the portfolio to improve how investigations into breaches of market rules are identified, prioritised, resourced, managed and publicised, ensuring that Ofgem’s rules and enforcement activities promote, mandate and deliver the right kind of behaviour by regulated companies and making the Wholesale Markets enforcement function “best in class” amongst sectoral regulators;
- Drive delivery of Ofgem's objectives in international engagement, including maximising Ofgem’s relationships with European coordination bodies, like the Council of European Energy Regulators and the Agency for the Cooperation of Energy Regulators, as well as with individual European NRAs, to facilitate delivery of cross-border policy and aid better policy-making across Ofgem through knowledge sharing and thought leadership; knowledge sharing with regulatory counterparts globally, to inform Ofgem policy development; and supporting wider HMG activity to enable decarbonisation in other jurisdictions.
More information about the role and the application process can be found in the candidate information pack and role profile below.
Behaviours
We'll assess you against these behaviours during the selection process:
- Leadership
- Communicating and Influencing
- Working Together
- Delivering at Pace
Technical skills
We'll assess you against these technical skills during the selection process:
- Please refer to the Candidate Pack and Role Profile attached for full details.
Apply before 11:55 pm on Monday 20th May 2024
