JOB 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 Compliance 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 certain generation licence conditions. This is a unique opportunity to help safeguard the integrity and transparency of Britain’s wholesale gas and electricity markets, ensuring that they work effectively for consumers.
In this role, you’ll focus on proactive compliance work outside of formal investigations. You’ll take creative approaches to complex regulatory challenges, engaging directly with market participants, brokers, and exchanges to promote best practices and secure commitments to improve compliance.
You’ll contribute to the development and delivery of compliance strategies, identify non-compliance through structured reviews of trading behaviours and market data, and facilitate regular dialogue with stakeholders to clarify regulatory expectations. Your insights will help shape Ofgem’s approach to market oversight and drive improvements in market behaviour.
We’re looking for someone with a strong understanding of wholesale energy markets or trading experience in energy, commodities, or equities. You’ll have excellent stakeholder engagement skills and be skilled at interpreting complex legislation and communicating findings clearly to both technical and non-expert audiences. Initiative, creativity and autonomy are key to success in this role.
Experience in analysing complex data and using tools like Python or SQL is desirable, but not essential. You’ll work closely with internal teams across policy, legal, and market insights, as well as external partners including the National Energy System Operator, the Financial Conduct Authority and European regulatory bodies.
Join us at Ofgem, where your skills and passion can make a real impact!

JOB DESCRIPTION

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 will focus on action we can take to improve compliance with regulation outside of an investigation context and will involve taking creative approaches to solving complex issues. You will work with on a variety of non-compliance issues, engaging with market participants and persons professionally arranging transactions (ie brokers and exchanges) to address concerns and secure commitments to improve compliance practises.
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.

NATIONALITY REQUIREMENTS

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements

Investigation
Operational Delivery