COO

ENGIE

1mo ago

Job
Full-time
Expert Level
Business, Operations & Strategy
London

AI generated summary

You must have strong risk management and operational leadership skills, deep regulatory knowledge, senior management experience, excellent communication, analytical abilities, and a commitment to ethics and innovation.
You will oversee risk governance, manage market and credit risk, support FINOPS, ensure compliance, and coordinate internal controls and audits while leading the UK-based risk team.

Requirements

Proven track record in risk management and operational leadership. They must possess a deep understanding of the regulatory framework and operational processes within which the business operates
Knowledge and understanding of the operations, processes and the organisation of such activities
Experience in management of senior staff and experts, including transversal management
Communication Skills: demonstrating the ability to synthesize complex information and communicate it clearly and simply
Positive leadership and strong interpersonal skills to inspire and manage senior staff and experts fostering a collaborative and productive work environment
Effective organization/ planification/ prioritization skills. Setting pragmatic goals and manage resources efficiently to achieve business objectives
Strong analytical mind and business acumen
Experienced and/or interested in digital transformation
Very strong personal ethos and principles. The COO should be trustful, maintaining high ethical standards and demonstrating integrity in all actions.
Open-mindedness is essential for embracing new ideas and innovative approaches. The COO should be flexible and willing to adapt to changing circumstances

Responsibilities

As COO of EM UK, you are in charge of:
Overseeing the roll-out of the local risk governance & approved mandate with close collaboration with GEMs RISK EC & CRO Europe.
Building and implementing the risk mandate and monitoring its operation for BP EM UK.
Review and obtain approval for the risk mandate on BP EM UK perimeter on a yearly basis.
Ensuring a proper balance between commercial objectives and effective market and credit management while adhering to applicable policies in managing the relationship with business functions.
Oversee market and credit risk analysis for deals requiring specific approval (GEMs RC, Origination Committee, Investment Committee) and ensure the quality of presented files.
Represent GEMs EM UK in Operational Excellence matters (eg: SBA), support Front Office in developing new business, markets, and products.
Continuously enhance the Risk & Trading environment by collaborating with FINOPS, RISK, and MAS EC, including reviewing market and credit risk measurement methodologies and new e-trading platforms or internal market place.
Supervise the market and credit risk team/analysts in GEMs EM UK.
Manage all risk teams in the UK and ensure efficient communication between Risk representatives of various Business platforms in the UK (e.g., B2B UK).
Maintain current risk policies (market, credit, model risk, AML/KYC).
Overseeing and Coordinating the day-to-day FINOPS responsibilities within GEMs organization in the UK e.g. Back office & Middle Office operations, connecting to the Finance function:
Oversee the FINops team (or coordinate within existing resources) to match business organization and GEMs EC expectations & standards. (processes in place…)
Be responsible of the local Validation of P/L results /Financial reporting for EM UK and link with service providers current set-up (e.g. Treasury..)
Ensure guidelines, tools and processes are in place to guarantee the proper functioning of the daily operations.
Evaluate business needs and issues for ongoing development and sustainable FinOps support.
Support and mobilize the teams to drive the automation of various accounting and back office tasks.
Ensure the accurate recording of transactions and maintaining up-to-date records.
Resolving confirmation discrepancies with counterparts through collaboration with local back office operators, such as addressing margin calls and delayed payments.
Overseeing transversal roles; mainly Internal Control, Compliance, Market Conduct missions:
Ensure adherence to regulations and best practices in collaboration with the local legal department and regulatory bodies, to safeguard clients and facilitate the efficient functioning of markets (compliance).
Ensure the security of operations and compliance with GEMs rules (internal control) in collaboration with EC CEP compliance department.
Organize on-boarding compliance sessions to new colleagues joining the BP EM UK Platform: GEMs code of conduct (all staff), Sales & Trading handbook (Front Office only) and ensure balanced relation with Market Activities Oversight EC.
Ensure business compliance with European and local regulations (e.g., EMIR, REMIT, MIFID, MAR).
Ensure trade surveillance activities are fully rolled out for EM UK, in relationship with GEMs TS central teams.
Oversee the development, documentation, and operation of Internal Control for EM UK.
Ensure compliance with the Group INCOME framework through the annual self-assessment process.
Local contact and coordinator for internal and external audit control.
Coordinate with country UK Ethics and Regulations departments to ensure Engie’s policies are respected across the transversal management of the GBUs.

FAQs

What is the primary responsibility of the COO at GEM UK?

The primary responsibility of the COO at GEM UK is to facilitate the implementation of business strategies established by the head of the platform and to manage the complete operations chain of support functions locally, in accordance with business growth.

What experience is required for the COO position?

The COO position requires a proven track record in risk management and operational leadership, with more than 15 years of professional experience.

What are the key functions that the COO is expected to oversee?

The COO is expected to oversee risk governance, FINOPS responsibilities, compliance, internal control, and market conduct missions within GEM UK.

What kind of skills are necessary for this COO role?

Necessary skills include strong communication, leadership, analytical abilities, organizational skills, and a deep understanding of regulatory frameworks and operational processes.

Is experience in digital transformation important for this role?

Yes, experience and/or interest in digital transformation are considered important attributes for the COO position.

How many employees are part of the GEM UK team?

The GEM UK team comprises over 60 employees.

What is GEM UK's core mission?

GEM UK's core mission is to support clients in their transition towards a carbon-neutral economy, providing energy supply and comprehensive energy management solutions.

Are there opportunities for career development within this role?

Yes, the COO will have opportunities to drive the development and sustainable support of the organization, as well as participate in the automation of various business processes.

What kind of work environment does GEM UK offer?

GEM UK offers a collaborative and productive work environment that fosters positive leadership and interpersonal skills.

What kind of regulatory frameworks must the COO be familiar with?

The COO must have knowledge of European and local regulations, including EMIR, REMIT, MIFID, and MAR, which are relevant to the energy management and trading sectors.

ENGIE

Updates on ENGIE activity in the UK

Energy

Industry

10,001+

Employees

2009

Founded Year

Mission & Purpose

Updates on ENGIE activity in the UK. Active in the UK energy market for over 20 years ENGIE is a global energy player with UK investments in renewable energy and storage, whilst supplying energy to organisations of all sizes. We are committed to increasing investment in a portfolio of both flexible and responsive low carbon assets, including energy storage, wind and solar. By 2025 ENGIE has committed to achieve 50GW of installed renewable capacity and 80GW by 2030. Globally, the ENGIEGroup employs 170,000 people. In 2020 the group achieved revenues of €55.8 billion, whilst spending €190 million on research and development. Also installing an additional 3GW of renewable capacity. Together, ENGIE Group’s 1,000 UK employees are actively engaged in the transition to net zero carbon, through the operation of low carbon infrastructure, and helping business customers to reduce energy consumption, and green their supply. ENGIE is also shaping the future of responsible business by reconciling economic performance with a positive impact on people and the planet. ENGIE improves lives through better living and working environments. We help to balance performance with responsibility, enabling progress in a harmonious way.

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COO

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London