Chief Regulatory Economist & Compliance Officer at an Electricity Distribution Company - MRC Group

MRC Group - Our client, one of the Electricity Distribution companies, is recruiting suitable candidates for its business operations in the position below:

Job Title: Chief Regulatory Economist & Compliance Officer

Location: Nigeria

Job Description

• The Chief Regulatory Economist and Compliance Officer (CRECO) will lead the development, implementation and management of the company's compliance and risk management framework, which will support the achievement of the Disco's vision, goals and strategic objectives.
• The role of the CRECO involves liaison with the Commission on all regulatory matters to ensure that obligations emanating from their regulatory oversight function is met as at when due.

Key Responsibilities

• Ensure compliance with Nigeria Electricity Supply Industry (NESI) Agreements and other statutory reporting obligations;
• Represent the Company at NESI Performance Review meetings and assigned stakeholder engagements.
• Support the Company Secretary in legal and litigation issues.
• Ensure adherence to laid down policies and procedures on regulatory matters. Review any new major contracts or internal business proposals.
• Annually review, re-design and implement an overall risk management process for the company.
• Identify and establish the context of various risks associated with the company's business, deploy risk management process guidelines in managing identified risks, propose a risk mitigation plan and communicate to stakeholders involved; and
• Development of an appropriate power procurement framework and manage power procurement activities.

Required Experience and Education

• Candidates should possess a Bachelor's Degree in any of the following subjects: Economics, Finance, Law or similar Social Science subjects
• 15+ years of work experience with at least 6 years in a similar role in electricity distribution business or other relevant institutions or companies in NESI
• Strong background in program and project management as well as turnaround and change management
• Fluency in English

Note that applicants who meet the following criteria will have an added advantage:

• MSc or MBA from a reputable school
• Successfully led transformation efforts in a Nigerian electricity distribution company
• Extensive experience across the Nigerian power sector
• Fluency in Hausa.

Technical Competencies:

• Possesses in-depth and up-to-date knowledge of power sector issues including legal, economic, and financial theories.
• Able to provide technical analytic support and expert advice to the company on economic regulatory matters and their application/impact on its operations.
• Adaptable and able to meet deadlines on assignments, juggle multiple demands, and work with all types of individuals.
• Competent in corporate governance, stakeholder management and legal advisory
• Experienced in creating and assessing financial models for analysing large financial data and converting financial analysis to quantitative and qualitative information to aid the decision-making process.

Application Closing Date
26th April, 2023 (5PM GMT).

How to Apply
Interested and qualified candidates should send their Curriculum Vitae and Cover Letter that emphasize key qualifications and relevant power sector experience to: info@energy-mrc.com using "Chief Regulatory Economist & Compliance Officer" as the subject of the email.
And
Applicants should send a hard copy to the following address:
The Country Director,
Energy Market and Rates Consultants (EMRC),
Suite 219, Adamawa Plaza,
Central Business District,
Abuja, FCT Nigeria.

Note

• To be considered, applicants must strictly follow the above instructions.
• Candidates will only be contacted if their application is successful.