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Financial Regulation Compliance Manager, ESB Trading

Vacancy Number:  10725
Job Type:  Full-time

ESB is a purpose led company striving to create a brighter future for the customers and communities we serve, leading the transition to reliable, affordable, low-carbon energy.  Today, we operate one of the most progressive electricity systems in the world, with activities spanning electricity generation, transmission, distribution and supply in Ireland, Northern Ireland and Great Britain, and an international energy consulting business.

With almost 8,000 employees we invested €1bn in infrastructure last year, contributed over €2bn to the economies we operate in and distributed over €2m across a range of community initiatives. This requires us to bring the best of our capabilities together to deliver innovative and value-driven solutions that enable our customers to live low-carbon lives. ESB strives to foster an effective and inclusive culture where people engage, challenge and feel connected to our purpose, colleagues, customers and community.

Position Description


ESB Trading (ESBT) is responsible for the commercial management of ESB’s portfolio of generation assets with significant positions in a range of power, commodity, and emissions markets.  The Middle Office (risk) function plays a critical role in delivering value to ESB through risk management and governance activities. Compliance with REMIT, EMIR, MAR and other financial regulations is also monitored by the Middle Office team.


The Financial Regulation Compliance Manager is responsible for ensuring that ESB Trading is compliant with all facets of Financial Market Regulation. The role is will involve working closely with teams across ESB to proactively manage ESBT’s financial regulatory obligations.


This is an exciting opportunity to join a dynamic team of risk professionals who oversee the risks inherent in ESB Trading’s activities in the Irish Power, GB Power, Gas, Coal and Carbon markets.



Key Responsibilities


The successful candidate will be responsible for:

  • Translation of principle-based regulation into practical requirements for all impacted Trading processes (i.e. trade initiation, capture & settlement, Trading policies)
  • Monitor technical development in financial regulations (MIFID, MAR, EMIR, REMIT) including developing a network of cross-industry contacts and inform Trading & Stakeholders as appropriate
  • Provide technical advice to ESB Trading teams on Financial Regulation requirements
  • Advise the Trading Senior Management Team and other stakeholders on ensuring compliance risk is minimised  
  • Work collaboratively with Group Treasury, Group Risk, GT Regulation to ensure interpretation and implementation of requirements is coordinated across the Group
  • Manage queries that arise from both the Regulatory Authorities and the Central Bank
  • Regular engagement with trading desks and teams across generation on compliance issues and market developments



Knowledge, Skills and Experience




  • Minimum of 7 years relevant work experience
  • The ability to comprehend complex Trading issues involving processes, people, systems & finance
  • Knowledge of financial instruments and their application
  • Strong analytical capability
  • Excellent decision making and problem-solving capability
  • Ability to respond change within a fast-changing business environment
  • Strong interpersonal and communication skills
  • An understanding of a trading operation is desirable but not essential.





A third level qualification with a strong analytical content or equivalent work experience is essential.





The role is based in ESB Head Office, Dublin and may entail business travel.



Reporting to


Trading Risk Manager, ESB Trading



Reporting to


€75,000 - €80,000 per annum



Closing date


7th December 2022



If you have any queries in relation to this job, please contact


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