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REMIT SME / Business Analyst

On-site in London·Full-time·Added 11 days ago

Luxoft UK

51 open roles

Overview

Job details

  • Full-time

    Per the ad.

Requirements

  • Work on-site in London

    No relocation package mentioned.

Skills

The role

We are seeking an experienced REMIT SME / Business Analyst to support a European energy/commodities organisation in assessing, strengthening and implementing its REMIT compliance framework across multiple branches. The role requires a combination of REMIT regulatory knowledge, commodities/trading domain expertise and hands-on implementation experience. The successful candidate should be able to translate regulatory requirements into practical operating processes and controls, rather than providing purely legal or policy advice.

What you'll do

  • Perform a current-state assessment and gap analysis of existing REMIT processes, controls and operating practices across relevant branches and functions. Translate REMIT requirements into practical business and operational requirements, including processes, controls, procedures, governance, roles and responsibilities. Assess consistency of REMIT implementation across different locations/functions and identify areas of regulatory or operational risk. Work with Front Office, Compliance, Operations, Technology, Risk and other stakeholders to define the target-state REMIT operating model. Define and prioritise remediation actions and workstreams, supporting the development of an actionable implementation roadmap. Support and, where appropriate, lead remediation through design, implementation and closure, ensuring recommendations are translated into sustainable operational processes. Review areas such as transaction and fundamental data reporting, market conduct/market abuse controls, inside information and disclosure obligations, where applicable to the client's activities. Define business requirements and support changes to processes, controls, data and systems required to achieve compliance. Produce appropriate documentation and evidence to support internal governance, Compliance and audit/regulatory reviews. Coordinate across branches to drive a consistent approach to REMIT compliance while recognising legitimate local or business-specific requirements.

SKILLS

Must have

  • MUST HAVE: Strong practical knowledge of REMIT and European energy/commodity market regulation. Experience within energy and/or commodities trading, with an understanding of the trade lifecycle and associated operational processes. Demonstrable experience translating regulation into business processes, controls and operating procedures. Experience performing regulatory gap assessments, implementation programmes, audit/compliance assessments and/or regulatory remediation. Strong Business Analysis capabilities, including requirements gathering, process mapping, gap analysis and stakeholder management. Ability to work effectively with Compliance, Front Office/Trading, Operations and Technology stakeholders. Experience working across multiple legal entities, branches or jurisdictions would be advantageous.

Nice to have

Working experience with Endur (trading system) and SCILA (survelliance) Knowledge of EMIR and other European transaction/regulatory reporting regimes, particularly where experience is transferable to REMIT. Understanding of REMIT reporting processes, data requirements and interaction with Registered Reporting Mechanisms (RRMs) and ACER. Experience with market surveillance, market abuse controls and regulatory reporting controls within commodities/energy trading. Previous involvement in regulatory remediation following an internal audit, compliance review or regulatory assessment. Experience working within Switzerland and/or supporting European organisations with cross-border operations.

About Luxoft UK

Industry
IT Services
Website
luxoft.com
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