Regulatory Analyst & Compliance Officer
Company Name: Centrica Storage
Location: Staines
Salary: c£31k + Bonus & Benefits
Reference: CSL Regulatory Analyst & Compliance Officer
Application Deadline: 22 January 2010
Job Description:
Centrica Storage Ltd (CSL) requires an Analyst & Compliance Officer to work at its Staines headquarters supporting its major gas storage facilities. CSL is a wholly owned subsidiary of Centrica Plc, owner of British Gas and is the leading supplier of physical gas storage services in the UK. CSL operates the Offshore Rough gas storage facility in the Southern North Sea, the Easington onshore gas processing terminal in East Yorkshire and the Langeled Norwegian gas reception and processing facility, collectively these provide a significant percentage of UK gas demand. Now due to our significant expansion and acquisition of new gas storage facilities we require a Regulatory Analyst & Compliance Officer.
This role provides an excellent opportunity to join Centrica Storage at a very exciting time as it embarks on a major growth agenda with significant investments already underway and further planned. As gas supplies from the UK Continental Shelf decline and the UK becomes increasingly dependent on imported gas, there is a growing need for more storage capacity. In the past 12 months, CSL has announced its intention to invest £1.5bn to develop 1 new onshore and 2 new offshore gas storage facilities.
Reporting to the General Counsel, you will autonomously identify regulatory risks, threats and opportunities, and initiate actions to deliver the requisite outcome. The Regulatory Analyst will also support the Regulatory Manager on UK policy and on UK regulation and will take a leading role on European Affairs.
The role will involve gaining a detailed understanding of the CSL business and the UK and European gas markets. Currently CSL has c.74% of the UK’s total gas storage capacity and is Centrica’s only storage asset and as such plays a major role in the debate around European energy market deregulation. Centrica Storage equates to £300m revenue per annum approx 13% of Centrica Group operating profit. Dealing out to 10 years with individual contracts worth £50m - £100m in value.
Required Skills:
Strong and well developed influencing, lobbying and presentation skills, (both verbal and written)
Economic Analysis skills
The ability to drive transformational efforts, both internal to the business and within the wider UK and European market
Educated to at lest degree level you will have gained experience in a relevant discipline such as Regulatory or Competition Economics/Law.
In addition, ideally you will have a deep understanding of the regulatory gas market framework and the traded market
It should be noted that CSL is regulated by Undertakings agreed with the Secretary of State for Industry which do not restrict the commercial freedom of the jobholder; but it is essential that you can interpret these Undertakings correctly in a fast moving working environment. Failure to do so correctly could result in serious financial consequences to the business.
How to apply
Contact Name: Roddy Monroe
Contact Phone: For an infomal discussion call 07979 566036
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