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Regulatory Advisor

Regulatory Advisor

  • Location United States - Texas - Houston
  • Travel required Yes - up to 10%
  • Job category Communications & External Affairs Group
  • Relocation available Negotiable
  • Job type Professionals
  • Job code 127144BR
  • Experience level Senior
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Job summary

Responsible for providing regulatory affairs support through assessing the impact of the changing regulatory environment on the business, carrying out specific pieces of research on regulatory developments, coordinating briefings, managing information holdings and managing relationships, especially with regulatory bodies and institutions.

The Regulatory Advisor, Power will provide insights and develop regulatory advocacy strategies for our power and low carbon marketing & trading teams across the U.S., Canada, Mexico and Brazil. The area of expertise will cover Western/Midwest ISO wholesale developments as well as state level issues such as retail competition initiatives, EV charging regulations, and renewable energy credit programs. The Advisor will advise Commercial teams on emerging market rules, collaborate with the Communications & Advocacy team to develop policy positions and share insights across the business groups to foster connectivity.

KEY ACCOUNTABILITIES

  • Promptly identify all new and amended laws, rules and regulations affecting electricity markets and assess the potential impact to bp’s Power marketing and trading businesses
  • Build strong relationships with and effectively communicate insights to the relevant Commercial teams including ISO Coordinators, Traders and Originators
  • Work with external consultants to monitor emerging rules at state and ISO level (with a focus on West & Midwest regions), and share insights in a timely manner
  • Work in partnership with Communications & Advocacy peers to develop policy positions and outreach plans to key external stakeholders and regulators
  • Collaborate with bp business groups (including Gas & Low Carbon, and Regions, Cities & Solutions teams) to share market knowledge and enhance interface with Trading & Shipping
  • Represent bp in a variety of trade associations
ESSENTIAL EDUCATION:
  • Bachelor’s degree
  • Advanced degree or equivalent experience preferred
Essential Experience:
  • Minimum 10 years of directly relevant experience in a Commercial, Regulatory, Compliance, Legal or NGO environment, with at least 5 years directly related to electricity and low carbon marketing & trading businesses
  • Track record of developing relationships in industry and with policy-makers (at federal and state level)
  • Strong understanding (preferably through direct experience) of the role of trading regulation/compliance function
  • Demonstrated ability to create cross-functional network and leverage it to influence business agenda
  • Strong communications skills, with ability to translate complex regulatory issues into understandable terms for a variety of audiences
  • Strong analytical skills, attention to detail and time/project management track record
DESIRABLE CRITERIA
  • JD or related Master’s degree
  • Spanish and/or Portuguese language skills would be an asset

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