Regulatory Affairs Manager



Trading


London


Permanent

The core responsibilities of this role will include the leadership, development and nurturing of a team of regulatory experts; and assisting in the establishment of the current and future regulatory requirements for GM&T’s business activities, and the identification of potential commercial impacts on its Gas, Power, LNG and Carbon portfolios.

GAZPROM Germania GmbH is a subsidiary of the world’s largest natural gas producer, Gazprom. Since its establishment in 1990, GAZPROM Germania has developed into an internationally operating group of 44 companies in 15 countries in Europe and Asia. Its main business activities include the storage and trading of natural gas. It employs approximately 1,800 employees, around 200 of whom work at its Berlin headquarters. Together with its strategic partners, GAZPROM Germania Group helps ensure a reliable, environmentally-friendly, and sustainable energy supply for Europe.

Gazprom Marketing & Trading (GM&T) is an integral part of the GAZPROM Germania Group. Headquartered in London, GM&T operates to provide a global marketing reach, round the clock operational coverage and excellent customer service. Established in 1999, GM&T has grown from a single office in London into a truly global organisation, with around 1000 employees worldwide. With offices in Europe, Asia and the USA, GM&T trades energy commodities including gas, power, oil, LPG, helium, emissions, LNG and FX.

Our culture is defined by our people. Through living our values every day we continue to create a culture that enables us all to succeed. We work as one team with our customers, our parent company and each other in order to understand each other’s needs. With an unstoppable passion for excellence, growth and learning, we’re committed to creating an environment that fosters the development of knowledge, skills and experience, so that our people can thrive and prosper in their careers with us. We believe that we have the best team in the industry which makes us a trusted partner across international capital and energy markets. Our diverse employee base, with a wealth of expertise, knowledge and experience makes GM&T a truly exciting place to work. We encourage new ideas and initiatives as innovative thinking is central to how we do business. Most importantly, we are a growing and developing business where inspired individuals can make a difference and help shape our future.

 

Role objectives

As manager of the Regulatory Affairs team within Front Office’s Commercial Operations the successful candidate will lead on gas, power, carbon and LNG related issues and co-ordinate and prioritise work across the team.

The core responsibilities of this role will include the leadership, development and nurturing of a team of regulatory experts; and assisting in the establishment of the current and future regulatory requirements for GM&T’s business activities, and the identification of potential commercial impacts on its Gas, Power, LNG and Carbon portfolios.

The role will be highly interdependent with other functions including, but not limited to Gas, Power, Carbon, LNG Trading, Commercial Operations, Operational and Market Risk, Regulatory Compliance and Legal. It will also require close collaboration and co-ordination with affiliates regulatory teams in the Gazprom group

Duties & Responsibilities

  • Business development & market design
    • Maintain close relationships with the Gas, Power, Environmental Products and LNG Trading Desks.
    • Understand commercial strategy, potential new markets and products and forthcoming major transactions.
    • Identify significant regulatory challenges and commercial opportunities for Gas, Carbon, Power and LNG arising from the planned strategy and tactics, for the current and future regulatory environments. Work with the Front Office and support functions to develop corresponding action plans.
    • Work with the Front Office Trading desk and Operational Planning and Management team and the relevant support functions across GM&T to ensure necessary operational arrangements are implemented for new business development.
    • Monitor Gas, Power, Carbon and LNG regulation to identify potential new regulatory compliance requirements necessary to existing policies, processes and systems.
    • Maintain thorough knowledge of current regulations and potential developments of regulation and market design across gas and power markets and products.
  • External liaison
    • Build relationships with relevant regulators, energy infrastructure operators, exchanges and relevant counterparties through active participation in consultation processes, regulatory enquiries and industry forums.
    • Represent GM&T and the Gazprom Group’s best interest through input to consultation processes and selective lobbying (ensuring alignment with senior management).
  • Risk management and strategy
    • Identify operational risks and liaise with market risk and regulatory compliance in the implementation of effective reporting, control and mitigation processes.
    • Identify, assess and report strategic regulatory risks arising from potential policy developments.
  • Key interfaces
    • On a daily basis, Head of Commercial Operations, members of the Regulatory Affairs team.
    • As required, members of GM&T Front Office, Regulatory Compliance, Legal and Risk Management to enable the Regulatory Affairs Department to meet its business objectives.
    • Other interfaces will also include Tax, Communications and relevant Gazprom group affiliates.

Skills & Competencies

  • Gas, Power and Carbon regulatory specialist able to balance understanding of the energy regulatory environment and market design with commercial insight.
  • Able to adapt to changing circumstances and undertake different projects which reflect this.
  • Strong business acumen coupled with entrepreneurial flair and energy.
  • Able to work flexibly and collegiately within a small team.
  • Able to develop, motivate and mentor less experienced members of the Regulatory Affairs Team.
  • Able to work independently whilst contributing to meeting the objectives of the Regulatory Affairs team.
  • Able to quickly understand and assimilate different regulatory regimes.
  • Able to work in a dynamic, pressured environment and to meet tight deadlines.
  • Able to establish and maintain strong professional relationships across a broad range of internal and external parties
  • Highly effective communication skills; articulate and able to converse at all levels; ability to summarise in concise manner complex topics; fluency in English (verbal and written). Another European language would be an advantage.
  • Strong Word, PowerPoint and Excel skills.

Experience

  • Experience of the European gas, power and carbon regulatory environment is essential.
  • Exposure to energy trading and retailing environments within a highly commercial and entrepreneurial focused business would be an advantage.
  • Commercial experience of monetizing opportunities would be desirable.

Education

  • Educated to degree level or equivalent preferably in economics, engineering or political science.
  • Economics or other regulatory qualification(s) an advantage.

 

 

 

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