Senior Compliance Officer

Job Description

Reports to:       Manager Risk Officer

Supervises:      Regulation Compliance Officers

No of Supervisees: 1

Department:    Strategy, Risk and Regulation

Duty Station: Duty Area

Job Purpose

The Senior Compliance Officer will ensure UEDCL adheres to all applicable regulatory requirements, industry standards, and internal policies. This role involves monitoring developments, coordinating compliance efforts, and fostering a culture of compliance to mitigate risks and maintain the company’s reputation.

Impact of the Role

• Enhance UEDCL’s operational integrity by ensuring full regulatory compliance.
• Minimize legal and financial risks associated with non-compliance.
• Strengthen relationships with regulatory bodies and other key stakeholders.
• Support sustainable growth through adherence to industry standards and best practices.

Key Result Areas

1. Regulatory Monitoring & Compliance
3. Track and analyze regulatory changes and ensure timely adaption.
4. Monitor compliance with industrial laws, regulations and standards.
6. Policy Development & Implementation
8. Assist in the development, review and implementation of compliance policies and procedures.
9. Ensure that internal policies are aligned with external regulatory requirements.
11. Compliance Audits & Reporting
12. Conduct regular compliance audits and assessments.
13. Prepare and submit compliance reports to regulatory authorities and senior management.
15. Stakeholder Engagement
16. Laise with regulatory bodies, legal advisors and industrial stakeholders on compliance matters.
17. Act as a primary focal person for regulatory inquiries and inspections.
19. Risk Management
20. Identify and assess compliance risks within the organisation.
21. Recommend and implement mitigation strategies to address identified risks.
23. Training & Awareness
24. Develop and deliver compliance training programs for employees.
25. Promote a compliance focused culture through regular awareness initiatives.

Expected Outputs

• Timely submission of regulatory reports to regulatory bodies.
• Updated and well-maintained compliance policies and procedures.
• Reduced compliance related risk and incidents.
• Enhanced awareness and understanding of compliance requirements among employees.
• Strengthened relationships with regulatory bodies and stakeholder.

Person Specifications

Academic Qualifications

• Bachelor’s Degree in Law, Business Administration, Regulatory Affairs, Compliance Management, or related field.
• A postgraduate Diploma in Regulatory Compliance, Legal Practice, or Risk Management is an added advantage.

Experience

• At least 4 years of experience in regulatory compliance, risk management or related fields.
• Experience working in the energy or utilities sector is desirable.
• Familiarity with regulatory frameworks and standards governing the energy industry.

Competencies

• Strong knowledge of regulatory compliance requirements and industry standards.
• Excellent analytical and problem-solving skills.
• Proficiency in report writing and documentation.
• Strong communication and stakeholder management skills.
• Attention to detail and ability to handle confidential information.
• Ability to work collaboratively and independently in a dynamic environment.

Working Environment

• Office-based with occasional travel to attend regulatory meetings, audits or site inspections.
• Collaborative work setting requiring regular interaction with internal and external stakeholders.
• May require extended hours to meet critical deadlines or regulatory requirements.

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