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Job summary

This is an exciting opportunity to join Ofgem’s Wholesale Market Conduct team and play a vital role in maintaining the integrity, transparency and effective functioning of Great Britain’s wholesale gas and electricity markets. Working at the heart of market oversight and compliance, you will help identify, assess and investigate potential market misconduct, ensuring consumers are protected and market participants operate fairly and within regulatory requirements. As an Analyst, you will support a diverse range of casework, from the initial triage of potential market abuse alerts through to contributing to complex investigations involving market manipulation, insider trading and breaches of key regulatory obligations. Using a combination of trading data, energy system information, company communications and other evidence sources, you will apply strong analytical skills to identify patterns, assess risks and provide evidence-based recommendations. The role offers significant opportunity to develop and apply expertise in wholesale energy markets while enhancing monitoring techniques, data validation methods and analytical tools that strengthen the team’s investigative capability.You will work closely with colleagues across Ofgem, including legal, policy, communications and market monitoring teams, as well as engage with a broad network of external stakeholders such as the National Energy System Operator, the Financial Conduct Authority, ACER, European regulators and wholesale market participants. We are looking for a proactive and intellectually curious individual with experience analysing complex quantitative and qualitative information, strong knowledge of wholesale energy markets or experience within energy, commodities or financial trading environments, and the ability to draw clear conclusions from large and varied datasets. Experience using Python or SQL, excellent communication skills and the ability to explain complex issues to non-specialist audiences are essential. This role offers the chance to make a meaningful impact on a strategically important sector while developing specialist expertise in market analysis, regulation and enforcement.

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 team’s 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

Alongside your salary of £35,232, OFGEM contributes £10,206 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides (opens in a new window).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, Ability and Experience.

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

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 : Lucy Dowding
• Email : recruitment@ofgem.gov.uk

Recruitment team

• Email : recruitment@ofgem.gov.uk

Online test instructions

The test you are due to take is not timed and you can complete it at your own pace.

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

Role Profile_473323 Analyst (Wholesale Market Conduct) Opens in new window (pdf, 184kB)Candidate Pack_473323 Analyst (Wholesale Market Conduct) Opens in new window (pdf, 716kB)Terms and Conditions Apr25 Opens in new window (pdf, 335kB)