Financial Supervisor

Successful candidates may be based in any of our office locations – Cardiff, Glasgow or London. We especially welcome applicants from Cardiff and Glasgow.

Job summary

At Ofgem, strengthening the financial resilience of the retail energy market is central to protecting consumers, and we’re seeking two Financial Supervisors to help shape how we oversee and challenge energy suppliers.

Ofgem is Great Britain’s independent energy regulator. We’re at the forefront of change across the energy sector, driving toward Net Zero whilst protecting energy consumers, especially vulnerable people.

We’re offering two permanent opportunities within our Financial Supervision team, where you’ll operate at the centre of how we assess and influence the financial robustness of domestic and non-domestic energy suppliers.

You’ll play a visible role in shaping and delivering supervisory strategy for a portfolio of assigned licensees, working closely with company executives, board members and regulatory leads. Through analysis, judgement and constructive challenge, you’ll help drive improvements in financial resilience and influence behaviour across the sector.

Working across a collaborative and forward-looking team, you’ll contribute to complex supervision activity, oversee significant pieces of project work and support continuous improvement in how we operate. This role offers breadth, exposure and influence, as well as opportunities to develop your skills and experience across varied areas, including policy development and project management.

We’re looking for candidates with a strong background in finance, insolvency or risk management, who are confident interpreting complex regulation and applying it in practice. You’ll bring excellent analytical capability, clear communication skills and the ability to build effective relationships with senior external stakeholders. Experience of delivering positive change through regulation, compliance, risk or policy environments will be key.

In return, you’ll join a dynamic and supportive team working on issues that have real impact for consumers and the wider economy. You’ll have the opportunity to develop your expertise within Ofgem’s Analysis Profession, broaden your supervisory experience and contribute to a retail market that is resilient, competitive and aligned with the transition to Net Zero.

We have a critical purpose to ensure the retail energy market works in the interests of consumers, both now and in the future. Join us and help strengthen the financial foundations of Great Britain’s energy sector.

Read on and find out more.

Role Purpose

➢ This role is for a Financial Supervisor in the Financial Supervision team.

➢ It will sit in the Financial Resilience & Controls division that focuses on fostering financial resilience and undertakes supervision of domestic and non-domestic energy suppliers, and as part of Ofgem’s Analysis Profession.

➢ In our division, we have supervisors dedicated to the direct supervision of each UK licensed supplier. In addition, specialised supervisors may have particular areas of expertise and support all supervisors in carrying out in-depth analysis and evaluation in such areas.

You will be someone who:

• Has a proven background in finance, insolvency or risk management.
• You will be able to demonstrate delivery of positive change for consumers, communities, or society in a role across: regulation and enforcement, compliance, risk management, strategy, operational delivery or policy development.
• Enjoys developing new skills, capabilities and expertise and being engaged across a broad range of diverse activities, including stakeholder engagement, analysis, policy development and project management.
• Is interested in the energy sector in the broad sense, passionate about ensuring good outcomes for current and future consumers, protecting consumers, and eager to help drive Ofgem’s contribution to delivering Net Zero.
• Champions our culture of inclusion and encourages, supports, and celebrates the diverse voices and experiences of our colleagues, fuelling our innovation and ensuring we best represent the consumers and the communities we serve.

Key Responsibilities…