Compliance Analyst
1 year fixed term contract
Our vision is to make net zero a reality by solving the commercial mechanics
of a decarbonised energy system.
ElectroRoute is an international, renewables focused, energy trading and services company. The company has grown rapidly from a start-up in 2011 to now employing over 130 professionals based in Ireland, the UK, Europe, and Japan. ElectroRoute is a subsidiary of the Japanese trading house, Mitsubishi Corporation.
ElectroRoute intelligently leverages the benefits of new technologies, our advanced methodologies, and the application of unrivalled expertise to develop innovative energy trading and renewable risk management solutions. These mitigate the factors which impede clean energy investment and help make net zero a reality.
Our expert trading team operates 24x7 in Ireland, the UK, across Continental Europe and in Japan; utilising our bespoke trading platform, ElectroRoute CORE to provide essential trading services to wind farms, solar farms, and batteries. With over 3GW of assets under contract, ElectroRoute is growing rapidly across all asset classes.
Our ambitious growth plans will see us increasing the volume and variety of our activities over the coming years, requiring growth in the strength and depth of our team to help us make net zero a reality. A particular focus for growth currently is the structuring competitive terms to develop contracting throughout Ireland, Great Britain and extending further Europe.
The Position
ElectroRoute is seeking a Compliance Analyst to join the compliance team. The successful candidate will report to the Compliance Manager. As a trading firm with a focus on energy commodities, the most relevant compliance areas are:
* European financial regulations and directives such as European Market Infrastructure Regulation (EMIR), Market Abuse Regulation (MAR), Markets in Financial Instruments Directive (MiFID II) and energy specific regulations such as Regulation on Energy Markets Integrity and Transparency (REMIT);
* Electricity and Gas Licenses in Ireland, U.K. and continental Europe;
* Internal Policies and Procedures on data protection, competition, anti-bribery and whistleblowing, to name a few.
Compliance is a very dynamic function which requires working with external and internal parties alike. ElectroRoute has ambitious growth plans, affording the successful candidate valuable experience and exciting career opportunities.
The Role
This is a varied and dynamic role, which will entail the following duties (including but not limited to):
* Analysis of trade surveillance alerts: assist with the monitoring and analysis of suspicious trading patterns. This will entail working closely with traders to understand their trading strategies and determine if they are compliant with regulations.
* Regulatory reporting reconciliation: performance of appropriate checks to ensure that all regulatory reporting (under EMIR, REMIT, MiFID II, etc.) is being conducted to the relevant standards.
* Perform regulatory reporting when required.
* Perform sanction screening checks when onboarding new counterparties.
* Maintenance of the compliance issues register, investigation of mitigation solutions and assistance to the compliance team in putting such measures in place.
* Respond to KYC or compliance requests from exchanges, brokers, counterparties, and other external stakeholders.
* Support the team in providing Compliance training for the staff.
* Support the administration of internal policies and procedures, keeping them up to date by reflecting regulatory and organisational changes and informing relevant individuals of such changes.
* Management of the communications surveillance system.
Role Requirements
* Possess a Finance, Economics, Accounting or similar Honours Degree.
* Excellent analytical and research skills with great attention to detail.
* Good knowledge of excel.
* Critical-thinking and problem-solving skills.
* Good presentation skills are also fundamental.
* Ability to work independently on own initiative, using good judgement and discretion.
* Be flexible and eager to learn in new fields and develop new work practices.
Desirable but not essential:
* Previous work experience on compliance, trade surveillance, auditing, back office, or financial operations.
* Knowledge of programming and databases.
* Ability to work with large amounts of data and present them in meaningful ways.
* Knowledge of the electricity, gas or other energy commodity sectors.
* Knowledge of derivatives markets (futures and options) or financial regulations.
The successful candidate will receive training in the different regulations and tasks upon joining the company.