Compliance & Regulatory Manager, Energy Trading in London
New Yesterday
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Job Description
At INEOS Energy we produce and trade oil, gas, power and liquefied natural gas (LNG), both physical and financial. This is supported by our investments in low carbon technologies, which will help sustain our business through the energy transition. Direct examples of these areas are ‘Project Greensand’, our pioneering carbon storage project in the Danish North Sea, and our investment in HydrogenOne Capital Growth plc.
INEOS Energy Trading trades, moves and stores oil, gas, power and LNG, both from the INEOS Group’s own production and from third parties, and trades financial energy products. It is a rapidly growing, dynamic business within the INEOS Group.The role will involve:
assisting the Energy Trading business in reviewing the entirety of its compliance and regulatory policies and procedures
enhancing them where necessary in order to ensure full compliance with all applicable laws and regulations and
handling the business’ current compliance programme (as described below).
RESPONSIBILITIES
The successful candidate will report to the Director of Risk and will work closely with the Trading Director, with other members of the Legal and Compliance team. They will assist the business in upgrading its compliance and regulatory programme, including:
Being the initial point of contact for all Compliance & Regulatory issues. Providing support to the Head of Legal & Compliance on communications with regulators
Regulations: ensuring compliance with all relevant regulations, including MiFID II, EMIR, REMIT, Dodd Frank, CFTC, exchange rules, licences and permitting. Assisting Group Compliance with compliance with as a secondary skill set
Surveillance & monitoring: leading projects to implement a market surveillance tool and to improve the monitoring of communications media; handling market and communications surveillance for the business
Risk assessment: providing and up-dating a comprehensive assessment of Compliance & Regulatory risks and mitigants
Policies: ensuring that the business has a suite of appropriate Compliance policies and procedures
Training: providing Compliance & Regulatory training to all staff, including on market abuse and competition law
Ethics: working to ensure uniformly high ethical standards throughout the business
Investigations: initial investigation of all compliance and ethical issues, including market abuse. Support to the Head of Legal & Compliance on more detailed investigations
Data analysis: Monitor and calculate trading positions against exchange and regulatory position limits and thresholds ensuring compliance and supporting timely escalation and remediation.
SKILLS KNOWLEDGE & EXPERIENCE
Education/Experience
Experienced compliance and regulatory expert with hands-on experience in the commodity sector.
Skills & Knowledge
In depth knowledge of the laws and regulations affecting trading, including REMIT, EMIR, MiFID II, Market Abuse Regulations, Dodd Frank, CFTC. competition law and sanctions issues
Ability to make complex concepts clear and understandable.
Data analytical skills.
Software Experience
Standard office systems (Word, SharePoint,Power Point, Excel)
Behavioural skills
High ethical standards
Hands-on, practical approach to Compliance & Regulatory issues
Positive, “can do”, solution-based attitude
Strong communication skills, both written and oral, with the ability to deal with complex issues in a straight-forward way
Organised, methodical, thoughtful
Ability to work under pressure
If you are interested in applying for this job please press the Apply Button and follow the application process. Energy Jobline wishes you the very best of luck in your next career move.
- Location:
- London
- Job Type:
- FullTime