Head of Regulatory Economics
Location: Tudor Street, London. EC4Y 0AH
Salary: from £76,400 with up to 30% Annual Bonus, Family Healthcare and Car Allowance
Type: Permanent
Working Arrangements: Flexible/Hybrid
Purpose
As Head of Regulatory Economics, you will take a lead role in the development and implementation of proactive and reactive internal and external influencing strategies to lead and/or shape change and to support ScottishPower Group objectives, including guiding ScottishPower Renewables in its goals relating to electricity market development and operation, network charging, additional revenue streams relating to services, supporting ScottishPower Energy Retail in its goals relating to retail price controls and consumer protection regulation, and supporting the Hydrogen business in delivering its business case.
Key to this role is to successfully identify, evaluate and manage current and future risks and opportunities presented by the regulatory environment to minimize financial exposure and ensure that Renewables and Energy Retail and other ScottishPower businesses can achieve their strategic objectives.
This role entails the creation of enduring external relationships and the maintenance of a broad internal communication network to ensure that they can take a proactive and lead role in developing ScottishPower internal policy positions and external influencing strategies in key areas of economic regulation.
Responsibilities
You will take on specific responsibilities within the team to support the Director of Regulatory Policy, ensuring that the team is resilient to the evolving needs of the ScottishPower Group and the market. These activities will involve acting as deputy for the Director of Regulatory Policy on cross-team and cross-business issues, including engaging with senior management in ScottishPower at CEO and Director level, as well as externally with Ofgem, Government, and other third parties at a senior level.
Within the Corporate Regulation team, this will include reporting activities to ensure we meet our obligations and react to and mitigate risk appropriately. You will also support the Director of Regulatory Policy in developing a robust and resilient skillset within the team to support a more agile approach to our regulatory activity.
Providing expert thought leadership to the wider regulation community in ScottishPower, you will be required to:
1. Influence regulatory policy to benefit ScottishPower and consumers alike
2. Ensure that businesses take account of regulatory issues in producing their plans
3. Improve the credibility of ScottishPower with regulatory and Government stakeholders
4. Support the businesses to enhance their compliance performance
Acting with a high degree of autonomy, you will support and deputize for the Director of Regulatory Policy and the Director of Public Policy in managing internal stakeholder liaison and reporting.
What you’ll bring
You must be capable of making a significant personal impact as a Regulation Specialist and thought leader. You will have knowledge of the extensive regulatory, commercial, and compliance framework supporting the operation of the gas and electricity industry.
As an exceptional communicator with strong interpersonal skills, you will have a good understanding of the needs of top management for timely and succinct briefings. Proven in negotiation, problem-solving, and risk assessment/management, you will be able to prioritize and handle multiple complex issues.
Whats in it for you
As well as a competitive salary which is reviewed annually, you can enjoy a number of other benefits, including:
* 36 days annual leave
* Share Incentive Plan and Sharesave Scheme
* Electric Vehicle Schemes
* Life Assurance (4x salary)
Why ScottishPower
ScottishPower is part of the Iberdrola Group, one of the world’s largest integrated utility companies. With a commitment to generate all of our energy from renewable resources, we’re at the forefront of the journey to Net Zero.
ScottishPower is committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities. If you need support, please reach out to careers@scottishpower.com.
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