Enforcement and Compliance Specialist

Philippine Electricity Market Corporation ( PEMC )

Metro Manila

On-site

PHP 700,000 - 1,100,000

Full time

14 days+

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Job summary

Philippine Electricity Market Corporation ( PEMC ) seeks a qualified professional to support compliance monitoring and investigations under WESM Rules. The role involves collecting data from market operators and participants, validating submissions, and issuing notices for potential breaches.

Candidates should have a Bachelor's degree in a relevant field and at least eight years of related experience. The successful candidate will engage in on-site verifications, perform technical data analysis,

Qualifications

Degree in a relevant field and strong knowledge of market rules and compliance practices.
Eight years of experience in compliance monitoring or investigations or related fields.
Awareness of current trends in engineering, accounting, economics, or finance.
Professional license in engineering or accounting is preferred.

Responsibilities

Monitors compliance of participants and prepares reports per WESM Rules and market manuals.
Gathers data from Market Operator, System Operator, trading participants, and other sources.
Communicates with trading participants to gather necessary data for monitoring.
Performs validation and verification of submissions in compliance monitoring and assessment.
Issues Monitoring and Investigation Notices for potential breaches of rules.
Assists in on-site inspections and verification of technical, financial, and economic data.
Conducts compliance or investigation conferences to verify information.
Analyzes technical data (generation, transmission, plant performance, etc.) for compliance.
Conducts, analyzes, and compiles research related to investigations and compliance.
Assists in preparing reports on compliance and investigation.
Assists in designing or enhancing internal processes and tools for monitoring and investigation.

Skills

Compliance monitoring

Investigation

Data analysis

Report preparation

Stakeholder communication

Technical data review

Education

Bachelor's degree (Engineering / Accountancy / Economics / Business / IT / Mathematics / Finance / Statistics)

Job description

Duties and Responsibilities

Monitors compliance of participants and prepares reports, in accordance with the WESM Rules/Retail Market Rules and/or market manuals.

Gathers relevant data or information from the Market Operator, System Operator, trading participants, and from other various sources in relation to the conduct of compliance monitoring and assessment or investigation.

Communicates with the trading participants, as may be necessary, to ensure that all the data or information necessary for compliance monitoring are considered in the process.

Performs validation and further verification of submissions of trading participants in the compliance monitoring and assessment process.

Issues Monitoring and Investigation Notices for potential breaches of the WESM Rules by WESM Participants.

Assist in the conduct of on-site, visual inspection, and verification in relation to technical, financial and/or economic information or data received whenever necessary.

Conducts compliance or investigation conferences to gather and verify legal, technical, financial and/or economic information or data received in relation to the alleged breach of the WESM Rules and/or market manuals.

Conducts analysis of technical data (generation and transmission data which may also include mechanical drawings, instrumentation and control diagrams, fuel analysis reports, plant performance tests, power system analysis, etc.) that may be used for Compliance Monitoring and Investigation.

Conducts, analyzes, and compiles research related to investigation and compliance.

Assists in the preparation of reports on compliance and investigation.

Assists in the design, review, or enhancement of internal business processes or processing tools in the conduct of compliance monitoring and assessment and investigation process on a periodic basis or as may be necessary.

Job Qualification

Bachelor's degree in any of the following: Engineering, Accountancy, Economics, Business, Information Technology, Mathematics, Finance, or Statistics.

Eight (8) years' work experience and proven track record in one or more of the following: compliance monitoring or investigation, power transmission or generation, commercial investigative work, law, corporate governance, electricity market, finance, economics, accountancy, forensic accounting, statistics, or management audit.