Analyst (Wholesale Market Conduct)
Ofgem · Glasgow, SCT, GB
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About the role
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Type of role
Intelligence
Knowledge and Information Management
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Contents
- Location
- About the job
- Benefits
- Things you need to know
- Apply and further information
Location
About the job
Job summary
Ofgem has a culture of inclusion that encourages, supports and celebrates the diverse voices and experiences of our colleagues. It fuels our innovation and helps ensure we can best represent the consumers and the communities we serve. Everyone is welcome - as an inclusive workplace, our employees are comfortable bringing their authentic selves to work.
Job description
As an Analyst, you will support casework across the full lifecycle, from triaging alerts of potential market abuse through to contributing to formal investigations. You will work with a wide range of information, including trading data, energy system data, and communications and documents gathered from companies. The role offers the chance to apply strong analytical thinking to complex issues, and to develop tools and approaches that strengthen the teams monitoring and investigation capability.
You will be part of a team responsible for monitoring potential breaches of REMIT (Regulation on Wholesale Energy Market Integrity and Transparency), including market manipulation and insider trading, as well as relevant generation licence conditions such as the Transmission Constraint Licence Condition (TCLC) and Inflexible Offer Licence Condition (IOLC). Where concerns are identified, the team works to address them, including through enforcement where appropriate.
You will work closely with colleagues across Ofgem, including policy and legal teams, and engage with a range of external stakeholders, including the National Energy System Operator, the Financial Conduct Authority, European regulatory bodies and participants in the wholesale gas and electricity markets.
Key Outputs and Deliverables
- Triage alerts of potential misconduct by reviewing information, carrying out relevant analysis and making recommendations to decision makers with reference to legislation and prioritisation criteria.
- Support engagement with market participants to address concerns and help secure improvements in compliance practices.
- Provide analysis on more complex cases, including formal investigations.
- Enhance data and analysis validation methods and create new analytical tools for use across the team.
Person specification
Essential Criteria:
- Experience in analysing complex quantitative and qualitative data and evidence. (LEAD CRITERIA)
- Sector knowledge: Understanding of the operation of wholesale energy markets, or experience of trading in energy, commodities or equities markets (LEAD CRITERIA)
- Experience using Python or SQL programming languages to manage large datasets and produce compelling analytical outputs.
- Excellent written and verbal communication skills that effectively communicate complex issues to non-expert audiences.
- Demonstrated ability to take initiative, think creatively and work independently.
Behaviours
We'll assess you against these behaviours during the selection process:
- Changing and Improving
- Making Effective Decisions
- Communicating and Influencing
Benefits
Things you need to know
Artificial intelligence
Selection process details
When you press the Apply now button, you will be directed to a Civil Service test guidance for this can be found here Civil Service online tests - GOV.UK (www.gov.uk). The test you are due to take is not timed and you can complete it at your own pace. Upon passing the test, you will be asked to complete personal details (not seen by the sift panel), your career history and qualifications.
You will then be asked to provide a 1250 word personal statement evidencing how you meet the essential criteria listed in the role profile. Please ensure you demonstrate clearly, within your supporting statement, how you meet each of the criteria listed in the role profile.
The Civil Service values honesty and integrity and expects all candidates to abide by these principles. You must ensure that any evidence submitted as part of your application or used during interview, including your CV and any statements or examples, are truthful and factually accurate. Ofgem takes any incidences of cheating very seriously. Please ensure all examples provided are of your own experience. Any instances of plagiarism or other forms of cheating will be investigated and, if proven, the relevant applications will be withdrawn from the process. Please note that plagiarism can include presenting the ideas and experiences of others, or generated by artificial intelligence, as your own.
Please refer to Civil Service candidate advice on the acceptable use of artificial intelligence within the recruitment and selection process - Artificial intelligence and recruitment , Civil Service Careers
The personal information we have collected from you will be shared with Cifas who will use it to prevent fraud, other unlawful or dishonest conduct, malpractice, and other seriously improper conduct. If any of these are detected, you could be refused certain services or employment. Your personal information will also be used to verify your identity. Further details of how your information will be used by us and Cifas, and your data protection rights, can be found by [ https://www.cifas.org.uk/fpn].
Feedback will only be provided if you attend an interview or assessment.
Security
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
Working for the Civil Service
We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles .
Diversity and Inclusion
Apply and further information
Contact point for applicants
Job contact :
- Name : Lucy Dowding
- Email : recruitment@ofgem.gov.uk
Recruitment team
- Email : recruitment@ofgem.gov.uk
Online test instructions
Further information
In the first instance, you should raise the matter directly via recruitment@ofgem.gov.uk. If you are not satisfied with the response, you may bring your complaint to the Commission. For further information on bringing a complaint to the Civil Service Commission, please visit their website.
Description sourced from the public Indeed listing — this role isn't indexed from the company's career page yet.
Skills
- Python
- SQL
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