Energy Trading Risk & Compliance Manager

SMS; United Kingdom; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An innovative firm is seeking an Energy Trading Risk & Compliance Manager to play a pivotal role in transforming the UK's energy landscape. This position offers the chance to work at the forefront of energy solutions, ensuring compliance and managing risks while supporting trading operations. With a focus on sustainability, you will be part of a team dedicated to creating a greener future. The role promises a dynamic work environment, hybrid working options, and opportunities for professional growth and development. This is your chance to make a meaningful impact in the energy sector!

Benefits

25 personal holiday days

Hybrid working options

Employee Ownership Scheme

Enhanced Maternity leave

24/7 employee assistance service

Medicash health plan

Life Insurance

Pension matching scheme

Development support and courses

Qualifications

• Experience in energy trading and associated processes.
• Strong risk management and governance experience.
• Ability to develop management information for decision making.

Responsibilities

• Manage operational risk and compliance processes.
• Support trading operations and portfolio development.
• Ensure compliance with internal and external regulations.

Skills

Energy Trading Knowledge

Risk Management

Governance Approaches

Commercial Understanding

Project Management

Staff Management

IT Skills

Tools

Microsoft Applications

Industry Systems

Job description

Energy Trading Risk & Compliance Manager

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Why choose us?

Choosing to work for SMS means choosing to make a difference . We are changing how businesses and consumers use energy for the better, helping achieve a greener, sustainable, and more affordable energy system for everyone. Through our range of innovative energy solutions, we are delivering the future of smart energy – working closely with private and public sector partners we are playing a critical role in transforming and decarbonising the UK economy by 2050.

What's in it for you?

• 25 personal holiday days per year (with additional 8 public holidays) increasing to 30 personal days after 5 years of service (includes options to buy and sell)
• Hybrid working options.
• Automatic enrolment into our Employee Ownership Scheme.
• Enhanced Maternity leave. Paternity and Adoption leave.
• 24/7 free and confidential employee assistance service.
• Medicash health plan offers a wide variety of benefits from cashback on everyday healthcare treatments like optical, dental and physio treatments. Discounted gym memberships and free 24/7 online GP.
• Life Insurance (4 x annual salary)
• Pension matching scheme (up to 5% of salary)
• Developing our people is important to us - we support and encourage development by offering internal and external accredited courses, secondments and study support.

What's the role?

SMS are a fully integrated energy infrastructure company which owns, installs, and manages carbon reduction (CaRe) assets, including smart meters, battery energy storage systems (BESS), and EV charge points. Using our technology & data expertise, funding capability, and deep engineering skills, we provide total energy solutions for our customers.

With an operational portfolio of over 300MW and an ‘in construction’ pipeline of [200]MW SMS is a key participant in the UK energy market via an existing in-house trading function. As the portfolio grows and the energy market continues to adapt to the new, renewables-based system, the role of Energy Trading Risk & Compliance Manager (ETRCM) is essential in supporting SMS operations in delivering its activities to meet revenue targets and ensure compliance with all internal and external regulations and operational processes.

This role is contracted to 40 hours per week, and is home-based. There is the requirement to commute to one of our offices as and when required.

Key Responsibilities:

The ETRCM is a key member of the business and will report to the Trading Director, supporting day-to-day trading operations, longer term trading and portfolio development as well as any wider SMS product or innovation which may evolve over time.

Whilst expected to develop as the business progresses, the main duties and responsibilities will involve, but not be limited to, three key areas:

Risk Management – ensuring the delivery/enhancement of:

• Operational Risk Management processes.
• Internal trading controls & reporting.
• Adequate operational monitoring systems and related processes.

Compliance – ensuring the delivery/enhancement of:

• Appropriate governance, policies and processes.
• Compliance with all relevant internal and external regulation.
• Appropriate support for the setup of new projects.
• Processes for ensuring personnel competency and efficient operations.

Operational Processes – ensuring management of:

• Elexon processes: inc. credit & registrations.
• Trading exchanges: inc. EPEX Spot & N2EX.
• Trading parties: inc. OTC agreements and processes.
• NESO interactions.
• Regulatory reporting & change.
• Performance analysis & reporting.
• Industry analysis & reporting.

In addition, with an ever-growing portfolio and line of operations, the role will also support the delivery of new pipeline projects, new markets and other group activities.

To be considered for this role, we would love you to have/be:

• Industry experience and excellent knowledge of energy trading, supply and associated industry processes.
• Experience of risk management and governance approaches in energy trading and in delivering ‘real life’ solutions for this.
• Knowledge of the following areas would be advantageous; Capacity Market, Elexon, National Grid/NESO, EPEX/N2EX, EFET/GTMA, Credit, REMIT, EMR, Settlements.
• Experience of shift commercial operations.
• Experience of leading and delivering projects.
• Strong commercial understanding, especially in relation to maximising trading opportunities whilst managing risk.
• Ability to develop high quality management information to support decision making.
• Innovative thinker and ability to get into detail and take a hands-on approach to delivering the objectives and role.
• Excellent staff management and development skills.
• Experience of using technology to drive innovation would be advantageous.
• Good IT skills, especially in relation to Microsoft applications and a knowledge of industry systems/available systems would be a benefit.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Utilities

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