SUMMARY:
The Compliance Officer will be required to monitor the conduct of market participants, assess adherence to the Electricity Regulation Act, market rules, licence conditions, and recommend corrective or enforcement actions in cases of non-compliance. The incumbent will further be required to support the development and implementation of compliance monitoring systems, coordinate investigations, and provide technical and regulatory input to maintain market integrity and protect consumer and stakeholder interests.
This is a 3 year fixed term contract duration.
POSITION INFO:
Requirements:
- Bachelor’s Degree (NQF 7) in Law, Economics, Energy Studies, Public Administration, or a related field as recognized by SAQA
- Postgraduate qualification in Regulatory Compliance, Energy Policy, Competition Law, or Project Management will be advantageous
- Minimum of four (4) years’ experience in compliance monitoring, enforcement, or regulatory operations within the electricity, energy, or utilities sector
- Experience in interpreting and applying regulatory frameworks, licence conditions, and industry codes
- Experience conducting audits, investigations, or risk assessments
- Exposure to market surveillance, competition regulation, or legal enforcement processes will be beneficial
- Strong understanding of the Electricity Regulation Act and related policies
- Strong understanding of regulatory compliance monitoring, investigation, and enforcement.
Key responsibilities:Compliance Monitoring and Enforcement: - Monitor the conduct and performance of electricity market participants (generators, traders, distributors, the Market Operator, etc.) to ensure compliance with the approved market rules, codes, and licence conditions
- Identify and report any deviations, irregularities, or breaches of market regulations
- Conduct compliance reviews, audits, and inspections of licensees and registered participants
- Prepare compliance assessment reports with recommendations for corrective or enforcement action
Regulatory Framework Implementation: - Assist in developing and implementing compliance monitoring frameworks, procedures, and tools to support effective market oversight
- Support the alignment of compliance processes with international best practices and the amended Electricity Regulation Act
- Contribute to updating compliance requirements in line with new or revised market rules and policy directions
Investigation and Enforcement Support: - Conduct or support investigations into suspected non-compliance, anti-competitive behaviour, or market manipulation
- Compile evidence and documentation to support enforcement actions
- Liaise with the Legal and Enforcement teams in preparing enforcement cases for regulatory consideration
- Track the implementation of remedial actions by non-compliant entities
Stakeholder Engagement and Awareness: - Engage with market participants to communicate compliance requirements, enforcement out-comes, and regulatory expectations
- Support capacity-building initiatives and workshops aimed at improving industry compliance culture
- Represent the company in compliance forums and meetings with licensees, traders, and other regulatory bodies
Reporting and Advisory Support : - Prepare periodic compliance monitoring and enforcement reports
- Provide input into regulatory reports, annual performance reviews, and sector compliance assessments
- Advise on compliance risks and emerging regulatory gaps requiring policy or rule amendments.
