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Base pay range
This range is provided by Ofgem. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Summary
Ofgem is Great Britain’s independent energy regulator. Our primary responsibility is to protect energy consumers, especially the most vulnerable, while at the same time working with government, industry and consumer groups to deliver a clean, more affordable and secure net-zero energy system at the lowest cost to consumers, and drive economic growth.
We’re recruiting a Senior Enforcement Investigator – Wholesale Market Conduct to join our Market Oversight and Enforcement directorate. The Wholesale Market Conduct team’s functions include monitoring the markets for potential breaches of REMIT (Regulation on Wholesale Energy Market Integrity and Transparency) and monitoring compliance with key generation licence conditions. This is a unique opportunity to take a leading role in enforcement and compliance activity that supports the integrity and transparency of Britain’s wholesale gas and electricity markets, ensuring that they work effectively for consumers.
In this role, you’ll lead on compliance or enforcement activity in relation to wholesale market conduct issues. You’ll collaborate with colleagues and stakeholders, using complex datasets relating to trading activity and producers’ physical characteristics to identify issues and make evidence-based recommendations that improve market outcomes.
You will produce high-quality, timely analysis and reports, engage constructively with market participants and market operators, and contribute to wider projects across the Wholesale Markets Oversight and International portfolio. You’ll also nurture team capability by enhancing analytical tools and mentoring colleagues, fostering a supportive and inclusive environment for learning and development.
We’re looking for someone with a strong understanding of wholesale energy markets or trading experience in energy, commodities, or equities. You’ll bring excellent analytical and quantitative skills, with experience interpreting complex legislation and communicating findings clearly to both technical and non-expert audiences. We value individuals who show initiative, creativity, and a collaborative mindset.
Experience using Python or SQL to manage large datasets is desirable. You’ll work closely with internal teams across policy, legal, and market insights, and engage with external stakeholders including the National Energy System Operator, the Financial Conduct Authority, and European regulatory bodies.
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.
Key Stakeholder Relationships
Internal
* Wholesale Market Oversight and International portfolio, including the team providing insights on wholesale gas and electricity markets developments
* Policy teams such as Electricity Security and Market Management and ESO Regulation teams
* Legal teams
External
* National Energy System Operator
* Energy brokers and exchanges
* Electricity generators, gas shippers and wholesale market participants
* UK and EU institutional stakeholders such as DESNZ, the FCA, ACER and other National Regulatory Authorities (NRAs).
Person specification
* Sector knowledge: An understanding of the operation of wholesale energy markets and/or experience of trading (energy, commodities or equities etc) (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
We'll assess you against these behaviours during the selection process:
* Changing and Improving
* Making Effective Decisions
* Communicating and Influencing
Further information about the role and application process can be found via Civil Service Jobs. Click apply to be redirected.
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Other
* Industries: Utilities and Government Administration
EEO statements and notice: We welcome applicants from all backgrounds. Referrals may increase your chances of interviewing. This description reflects the current role and may be subject to change.
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