Head of Markets Analysis and Strategy

Ofgem; Glasgow; On-site; GBP 57,000 - 70,000; Full time

Job summary

Ofgem is Great Britain’s independent energy regulator. We are seeking a Head of Markets Analysis & Strategy to lead a team shaping the organisation's approach to financial resilience, monitoring supplier resilience, market developments and risk identification.

The role provides evidence-based advice to senior leaders and government partners. You will build analytical capability, oversee reporting and data quality, collaborate across Ofgem and with external stakeholders, and offer expert guidance

Qualifications

• Experience developing, reviewing or improving analytical frameworks, scenarios, models or risk assessment approaches to support decision-making.
• Strong quantitative and qualitative analytical skills across programmes, including delivering projects through others and independently.
• Ability to exercise sound judgement and constructive challenge when interpreting evidence and assessing regulatory or financial risk.
• Ability to communicate complex analysis clearly, work collaboratively with stakeholders and deliver high-quality outputs at pace.

Responsibilities

• Provide expert financial advice on market structures, financial performance and responses to regulation to build our strategy regarding the impact of financial regulation with a particular focus on the investability of the sector.
• Shape and evaluate policy considerations by translating financial evidence into clear options and recommendations.
• Strengthen resilience oversight by assessing sector resources, financial pressures and emerging risks to support a more efficient and effective approach to market oversight.
• Turn evidence into insight by overseeing the production of clear analysis, briefings and advice for senior leaders and governance forums.
• Build analytical capability by providing guidance, coaching and quality assurance to strengthen analytical consistency and standards.
• Improve financial monitoring by enhancing methods, reporting, data quality, dashboards and management information.

Skills

Quantitative analytics

Qualitative analytics

Leadership

Stakeholder communication

Education

Finance/Economics qualification

Job description

Successful candidates may be based in any of our office locations – Cardiff, Glasgow, or London. We especially welcome applicants from Cardiff and Glasgow.

Job summary

Ofgem is Great Britain’s independent energy regulator. Our mission is to protect energy consumers, particularly those in vulnerable circumstances, and support the transition to a cleaner, greener and more affordable energy system.

We are looking for a Head of Markets Analysis & Strategy to join our team within the Financial Resilience and Controls directorate. This is a high-profile leadership role at the heart of Ofgem’s financial resilience framework, helping to identify emerging risks, strengthen regulatory decision-making and support the resilience of Great Britain’s energy retail market.

As Head of Markets Analysis & Strategy, you will lead a team responsible for shaping our strategic approach to financial resilience and providing trusted, evidence-based advice to senior leaders, colleagues and government partners. Your work will help ensure regulatory decisions are informed by robust financial and market analysis.

The role involves leading complex analytical work, overseeing the assessment of supplier resilience, monitoring market developments and identifying emerging risks. You will translate financial and market evidence into clear insights, options and recommendations that support policy and regulatory decision-making.

You will also provide expert advice on market structures, financial performance and the impact of regulation, while helping to improve analytical frameworks, financial monitoring and reporting. This work will support timely, reliable and actionable insight across Ofgem. Working closely with colleagues across Ofgem and external stakeholders including government departments, suppliers, industry bodies and regulators, you will build strong relationships and influence decision-making across a range of audiences.

As a people leader, you will set the strategic direction for the team, oversee the quality of analytical outputs and support the development of multidisciplinary colleagues. You will foster an inclusive culture and help build analytical capability across the organisation.

We are looking for someone with strong quantitative and qualitative analytical expertise, together with experience developing or improving analytical frameworks, models or risk assessment approaches. You will be comfortable exercising sound judgement, interpreting complex evidence and presenting clear recommendations to senior decision-makers.

This role would suit an experienced leader with a background in economic, financial or regulatory analysis who enjoys solving complex problems and delivering high-quality outcomes.

Key Role Responsibilities

• Provide expert financial advice: Advise on market structures, financial performance and responses to regulation to build our strategy regarding the impact of financial regulation with a particular focus on the investability of the sector.
• Shape and evaluate policy considerations: Translate financial evidence into clear options and recommendations.
• Strengthen resilience oversight: Assess sector resources, financial pressures and emerging risks to support a more efficient and effective approach to market oversight.
• Turn evidence into insight: Oversee the production of clear analysis, briefings and advice to help senior leaders, governance forums and colleagues across Ofgem understand risks and make informed decisions.
• Build analytical capability: Provide expert guidance, coaching and quality assurance to strengthen analytical consistency, confidence and professional standards across the team.
• Improve financial monitoring: Enhance analytical methods, reporting, data quality, dashboards and management information to support timely, reliable and actionable insight.
• Collaborate across Ofgem: Work across all Markets teams to manage priorities, risks and dependencies across the wider financial resilience agenda.

Key accountabilities

• Lead analytical and financial workstreams that assess supplier resilience and market developments and identify new areas of focus.
• Set direction for junior and multidisciplinary staff, ensuring analysis draws appropriately on financial, regulatory and market evidence.
• Take ownership of your own continued development and that of your team by supporting the development of the relevant analytical or professional community, including coaching colleagues and supporting professional qualifications.
• Scrutinise analytical findings and recommendations, exercising sound judgement before outcomes are shared or used to inform policy and regulatory decisions.
• Act as a senior escalation point and lead engagement with significant internal and external stakeholders.

Key deliverables

• Expert advice and assurance on supplier related financial matters, including clear assessment of financial resilience risks and regulatory implications.
• Supplier and market level analysis covering matters such as hedging exposures, capital pressures, liquidity concerns and emerging sector trends.
• Evidence-based options and recommendations for senior leaders and governance forums.
• High-quality analytical input into stocktakes, risk reporting, thematic reviews, strategic briefings, supplier engagement, regulatory enquiries and information requests.

Person specification

Role Criteria

Please ensure you demonstrate clearly within your personal statement, how you meet each of the criteria below (not more than 1250 words).

In the event of receiving a large number of applications an initial sift may take place on just the identified lead criteria indicated below:

Essential Criteria

• Experience developing, reviewing or improving analytical frameworks, scenarios, models or risk assessment approaches, including defining outcomes, risks and data requirements to support decision-making (LEAD)
• Strong quantitative and qualitative analytical skills, with particular experience in delivering programmes of quantitative and qualitative projects both through others and independently.
• Ability to exercise sound judgement and constructive challenge when interpreting evidence, assessing regulatory or financial risk and developing advice for senior decision-makers.
• Ability to communicate complex analysis clearly, work collaboratively with stakeholders and deliver high-quality outputs at pace.

Desirable Criteria

• Knowledge of the GB energy retail market or another regulated sector, including commercial business models, hedging, liquidity, financing and capital structures.
• Recognised finance, economics, accounting, data analysis or related qualification, or equivalent professional experience.

Benefits

Alongside your salary of £63,443, OFGEM contributes £18,379 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides (opens in a new window).

Ofgem can offer you a comprehensive and competitive benefits package which includes; 30 days annual leave after 2 years; Excellent training and development opportunities; The opportunity to join the generous Civil Service pension which also includes a valuable range of benefits; hybrid working (currently 1 day a week in the office but this is kept under review), flexible working hours and family friendly policies. Plus lots of other benefits including clean and bright offices based centrally, engaged networks and teams and an opportunity to contribute to our ambitious and important targets of establishing a Net Zero energy system by 2050. This exciting blend of professional challenge and personal reward identifies career opportunities at Ofgem as something to get excited about.