Financial Supervisor

Job summary

At Ofgem, strengthening the financial resilience of the retail energy market is central to protecting consumers, and we’re seeking two Financial Supervisors to help shape how we oversee and challenge energy suppliers.

Ofgem is Great Britain’s independent energy regulator. We’re at the forefront of change across the energy sector, driving toward Net Zero whilst protecting energy consumers, especially vulnerable people.

We’re offering two permanent opportunities within our Financial Supervision team, where you’ll operate at the centre of how we assess and influence the financial robustness of domestic and non-domestic energy suppliers.

You’ll play a visible role in shaping and delivering supervisory strategy for a portfolio of assigned licensees, working closely with company executives, board members and regulatory leads. Through analysis, judgement and constructive challenge, you’ll help drive improvements in financial resilience and influence behaviour across the sector.

Working across a collaborative and forward-looking team, you’ll contribute to complex supervision activity, oversee significant pieces of project work and support continuous improvement in how we operate. This role offers breadth, exposure and influence, as well as opportunities to develop your skills and experience across varied areas, including policy development and project management.

We’re looking for candidates with a strong background in finance, insolvency or risk management, who are confident interpreting complex regulation and applying it in practice. You’ll bring excellent analytical capability, clear communication skills and the ability to build effective relationships with senior external stakeholders. Experience of delivering positive change through regulation, compliance, risk or policy environments will be key.

In return, you’ll join a dynamic and supportive team working on issues that have real impact for consumers and the wider economy. You’ll have the opportunity to develop your expertise within Ofgem’s Analysis Profession, broaden your supervisory experience and contribute to a retail market that is resilient, competitive and aligned with the transition to Net Zero.

We have a critical purpose to ensure the retail energy market works in the interests of consumers, both now and in the future. Join us and help strengthen the financial foundations of Great Britain’s energy sector.

Read on and find out more.

Job description

Role Purpose

➢ This role is for a Financial Supervisor in the Financial Supervision team.

➢ It will sit in the Financial Resilience & Controls division that focuses on fostering financial resilience and undertakes supervision of domestic and non-domestic energy suppliers, and as part of Ofgem’s Analysis Profession.

➢ In our division, we have supervisors dedicated to the direct supervision of each UK licensed supplier. In addition, specialised supervisors may have particular areas of expertise and support all supervisors in carrying out in-depth analysis and evaluation in such areas.

You will be someone who:

• Has a proven background in finance, insolvency or risk management.
• You will be able to demonstrate delivery of positive change for consumers, communities, or society in a role across: regulation and enforcement, compliance, risk management, strategy, operational delivery or policy development.
• Enjoys developing new skills, capabilities and expertise and being engaged across a broad range of diverse activities, including stakeholder engagement, analysis, policy development and project management.
• Is interested in the energy sector in the broad sense, passionate about ensuring good outcomes for current and future consumers, protecting consumers, and eager to help drive Ofgem’s contribution to delivering Net Zero.
• Champions our culture of inclusion and encourages, supports, and celebrates the diverse voices and experiences of our colleagues, fuelling our innovation and ensuring we best represent the consumers and the communities we serve.

Key Responsibilities and Outputs

• Leading or contributing to supervision activity in relation to energy supply licensees and other regulated companies, producing high quality, timely, and robust analysis
• Leading on, or supporting and assisting senior supervision team staff in delivering the supervisory strategy for your assigned supply licensees throughout the year. You will attend and support on meetings with the firm, including with key Executives, Board members and Regulatory Managers
• Assessing and driving the financial resilience and robustness of energy suppliers using a range of tools, including stress testing and self-assessments
• Organising and project managing significant pieces of project work, coordinating closely with colleagues across the directorate
• Supervising or acting as the Deputy Supervisor to a small number of energy supply licensees, helping to build our industry expertise and influencing licensee behaviour
• Preparing high quality documentation of all analysis and decisions
• Building capability in the team by driving continuous improvement of our processes and practices, identifying, and embracing opportunities for change, and championing these across the team.

Person specification

• Have a recognised finance qualification, e.g. CCAB, CFA, MSc Finance or have relevant financial or commercial experience. Candidates should have a background in finance, insolvency, risk management, corporate finance, financial supervision, or related, and be able to demonstrate a record of high performance and substantial achievements in past positions (Lead Criteria)
• Great quantitative and qualitative analytical skills, along with a proven record of high performance and achievements in past positions.
• Contribute to complex projects and financial data tasks under appropriate supervision, while independently delivering smaller projects or workstreams with minimal oversight, ensuring all outputs are completed to a high standard and on time.
• Excellent written and verbal communication skills to communicate effectively complex data and analysis to non-expert audiences with the ability to build effective relationships and successfully influence and challenge external stakeholders.

Behaviours

We'll assess you against these behaviours during the selection process:

• Delivering at Pace
• Managing a Quality Service
• Working Together

Technical skills

We'll assess you against these technical skills during the selection process:

• You will be required to conduct a 5 minute presentation on a topic related to financial resilience in the interview. Further details will be disclosed at interview stage.

Benefits

Alongside your salary of £34,123, OFGEM contributes £9,885 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.Ofgem can offer you a comprehensive and competitive benefits package which includes; 30 days annual leave after 2 years; Excellent training and development opportunities; The opportunity to join the generous Civil Service pension which also includes a valuable range of benefits; hybrid working (currently 1 day a week in the office but this is kept under review), flexible working hours and family friendly policies. Plus lots of other benefits including clean and bright offices based centrally, engaged networks and teams and an opportunity to contribute to our ambitious and important targets of establishing a Net Zero energy system by 2050. This exciting blend of professional challenge and personal reward identifies career opportunities at Ofgem as something to get excited about.

Things you need to know

Artificial intelligence

Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance (opens in a new window) for more information on appropriate and inappropriate use.

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Experience and Technical skills.

When you press the ‘Apply now’ button, you will be asked to complete personal details (not seen by the sift panel) and upload a copy of your CV anonymising all details where necessary.

You will then be asked to provide a 1250 word ‘personal statement’ evidencing how you meet the essential skills and capabilities 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 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

Successful candidates must undergo a criminal record check.People working with government assets must complete baseline personnel security standard (opens in new window) checks.

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) (opens in a new window)
• 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 (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see theCivil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information

This vacancy is part of the Great Place to Work for Veterans (opens in a new window) initiative.The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window).Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

• Name : Lewis Buckley
• Email : recruitment@ofgem.gov.uk

Recruitment team

• Email : recruitment@ofgem.gov.uk

Further information

Appointment to the Civil Service is governed by the Civil Service Commission’s Recruitment Principles. You have the right to complain if you feel there has been a breach of these Recruitment Principles.

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.

Attachments

Financial Supervisor, Role Profile Opens in new window (pdf, 133kB)Financial Supervisor, Candidate Pack Opens in new window (pdf, 696kB)Terms and Conditions Apr25 Opens in new window (pdf, 335kB)