The Senior Regulatory and Compliance Engineer will be responsible for ensuring that the organization complies with all relevant laws, regulations, and internal policies. This role involves monitoring, assessing, and advising on the company’s compliance with industry regulations and standards, managing risks, and promoting a culture of compliance across the company. This role will work closely with other departments (e.g., Project Development, Projects, Operations & Maintenance) to ensure adherence to national regulations, policies and standards and also make recommendations to improve the company’s internal policies, procedures and processes.
KEY RESPONSIBILITIES
Regulatory Development and Communication with Regulators and Other Stakeholder Institutions
- Lead the development and execution of strategies for acquiring material authorizations and ensuring compliance, aligned with the company’s project objectives, operational profile, and strategic initiatives.
- Oversee the management of all reporting requirements and regulatory filings (annual, quarterly, etc.) and disclosures for material authorization, ensuring that all filings and reports are submitted accurately and in a timely manner.
- Conduct regulatory fieldwork and review relevant documentation to maintain quality control over regulatory assessments.
- Receive and manage the coordination of incoming regulators, investors and stakeholders’ due diligence, requests, applications, and forms, ensuring their accurate and complete review prior to submission.
- Retain all regulators, investors, and stakeholders’ due diligence, requests, applications, forms, material authorizations, and related correspondence and documentation, ensuring that all records are properly maintained and stored in the company’s cloud storage system.
- Maintain a dialogue with regulators to ensure continued compliance with applicable laws and regulations, address regulatory concerns, and facilitate the timely resolution of any compliance-related issues.
- Participating in industry stakeholder meetings, advocacy efforts, regulatory proceedings, and market rule-making on behalf of the company.
Compliance Review & Risk Assessment
- Monitor continued legal and regulatory developments and changes associated with the company’s operations, including changes in legislation, regulations, standards, and policies, and implement new compliance programs and initiatives as legal, compliance, and business circumstances evolve.
- Lead and conduct regulatory reviews for energy sector entities, with a focus on evaluating regulatory risks and ensuring compliance reporting for power and natural gas Licensees.
- Participate in internal and external audits, analyses, reviews, and assessments within the scope of responsibilities to ensure adherence to rules, regulations, and operational procedures.
- Monitor various controls to ensure compliance with established procedures and conduct quality assurance reviews of internal processes to verify adherence to applicable regulations.
- Providing ongoing hands-on support and execution with respect to critical ad-hoc compliance projects, as needed.
- Monitor and interpret local regulations and international standards applicable to the company’s operations, ensuring continued awareness of current and evolving requirements.
Advisory & Training
- Engage with and provide advisory compliance support and guidance on regulatory requirements to various internal departments, including but not limited to external communications, investor relations, business development, organizational development, ESG, and the project, operations, and maintenance teams.
- Foster a robust compliance culture by enhancing awareness (through trainings) of regulatory obligations and the potential consequences of non-compliance.
- Participate in preparatory meetings to validate compliance requirements for new projects and initiatives.
- Assist management in understanding and complying with regional and regulatory requirements relevant to the company’s operations, providing ad hoc regulatory guidance and reports to senior management.
Investigations & Reporting
- Conduct regulatory investigations and prepare comprehensive reports, ensuring accurate documentation and timely resolution of compliance-related matters.
- Ensure adherence to internal reporting requirements and regulatory obligations throughout the course of investigation.
Organizational Development
- Participate in performance evaluations and develop tailored growth plans, including training programs, for direct reports.
- Implement and oversee training and development programs to enhance staff competencies and ensure alignment with compliance objectives.
- Coordinate the leave schedules of direct reports to maintain operational efficiency and continuity.
- Develop and implement strategies to promote flexibility in work practices and foster team building within the company.
KNOWLEDGE & EXPERIENCE
- A minimum of 6+ years of experience in regulatory compliance, reporting, risk management, and compliance auditing, preferably within the energy sector.
- Extensive knowledge and expertise in the legal and regulatory frameworks governing the energy industry, with a specific focus on the power and natural gas sectors, as well as Environmental, Social, and Governance (ESG) standards.
- Demonstrated proficiency in conducting compliance audits, performing risk assessments, leading investigations, managing regulatory reporting, and operating compliance management systems.
- Proven ability to liaise with regulatory authorities and manage regulatory filings in accordance with industry requirements.
- Experience in interpreting contracts and legal documents, with the ability to produce comprehensive reports based on conducted compliance activities.