Compliance Manager – Gas & Power Trading International
Job Title: Compliance Manager
Business Entity: Legal (Ethics & Compliance)
Hiring Manager: Andy Humphreys
Grade: Level G
People Manager/Individual Contributor: Individual Contributor
Work Location: London, United Kingdom
About the Role
We have an excellent opportunity for a Compliance Manager to implement an effective and consistent ethics and compliance (E&C) program in our London and Hanover trading offices*. In this role, you will support and provide timely advice to our European APac Power and Carbon (EPAC) Trading & Origination businesses, perform trade and communications surveillance, and assist in developing and deploying bp’s algorithmic trading governance framework, all while sharing knowledge and building strong relationships across all of E&C as part of a best‑in‑class compliance department in the energy industry.
- Whilst based in London, the role will also support (and may require periodic visits to) our newly established trading office in Hanover, Germany.
Main Responsibilities And Tasks
The position reports to the Senior Compliance Manager in London and is primarily responsible for performing surveillance of business activities, influencing culture and providing guidance to the business to ensure compliance with all laws, regulations and bp policies and procedures.
More Specifically, You Will
Business communications and market surveillance
- Perform trade surveillance to ensure compliance with commodity trading venue rules and regulatory requirements, including the Market Abuse Directive (MAR) and Regulation on Energy Market Integrity and Transparency (REMIT).
- Perform business communications monitoring to meet our obligations around potential market abuse and/or inside information under MAR and REMIT.
- Assist in the development of our trade surveillance programme to maintain effective arrangements, systems and procedures to detect and report suspicious orders and transactions.
Advisory / support
- Provide regulatory and compliance advice and support to the EPAC business and support functions.
- Coordinate a risk‑based trading compliance monitoring program in London and Hanover, ensuring that all bp trading compliance policies and procedures are appropriately documented, updated and available for reference.
- Develop strong relationships and partnerships with the business, establishing E&C as a functional business partner.
- Build strong working relationships with other E&C team members in London and Singapore to ensure effective knowledge sharing and timely resolution of incidents.
- Support in the monitoring and assessment of new regulatory requirements impacting a commodity trading business (i.e. new requirements around REMIT, MiFID II).
- Assist the business to identify and mitigate risks involved in new business activity (both physical commodity and regulated financial activity).
- Assist in compliance training and promoting a top‑class culture of compliance.
Algorithmic activity
- Support the development and deployment of an effective governance framework and appropriate control environment to manage and mitigate regulatory risk associated with algorithmic and electronic trading.
- Work with our trading teams to understand and mitigate potential inside information risks associated with algorithmic activity.
About You
Essential requirements
- Relevant University degree or equivalent working experience.
- Energy commodity trading knowledge and an understanding of traded products, markets and general business processes. A background in gas and power markets would be a strong advantage.
- Fluent English language skills (both written and verbal). German language skills would be a strong advantage.
- Experience, knowledge and understanding of relevant regulations (MiFID, MAR, REMIT, EMIR etc), commodity trading venue rules, FCA regulatory requirements and managing regulatory relationships.
- Experience of designing and conducting compliance monitoring and surveillance activity.
- Ability to demonstrate integrity, courage and sound judgement.
- Ability to impact and influence at all levels of the organization.
- Strong work ethic, initiative and creativity to achieve identified goals, both individually and as a team player working in a global and fast‑paced environment.
- Strong problem‑solving skills with ability to see the next step and follow through on operational detail.
- Great communication and interpersonal skills – capable of advising on E&C matters and adopting a variety of styles to achieve the desired result and build consensus with diverse partners.
Nice to have
- Working experience with automated / algorithmic trading (trading, monitoring or other relevant tasks).
- Experience in using in‑house and/or third‑party trade surveillance systems such as SCILA.
- Ability to develop and deliver training materials.
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