Head Energy Regulatory Compliance

The Utility Regulation and Competition Office (“URCO” or “Office”) is the independent multi sector regulatory body with responsibility for information and communications technology, energy and electricity, water and fuels. The Office maintains regulatory oversight for all utility providers in the Cayman Islands. The Office is mandated to protect consumers and critical national infrastructure and ensure fair competition in all regulated sectors. The Office also promotes innovation, investment, and development in these sectors. The Office ensures compliance by administering penalties and fines as specified by the Utility Regulation and Competition Act (URCA) and the various sector acts and regulations. The Head of Energy Regulatory Compliance Markets and Sustainability (HERC) is a key and critical member of the URCO senior management team. This role is responsible for supporting the Executive Director of Energy (EDE) by overseeing the energy sector to ensure its sustainable, efficient, and equitable operation. The Head Energy Regulatory Compliance position leads the regulatory compliance function for the energy sector, ensuring licensee adherence to statutory requirements and regulatory frameworks in the Cayman Islands. Working closely with the Executive Director, Energy (EDE), the Head Energy Regulatory Compliance will ensure licensed entities operate within the regulatory boundaries while fostering innovation and growth in the energy market. The individual is also responsible for supervising and assigning tasks within the team to ensure that all routine regulatory, operational, and administrative requirements are properly executed. Key areas of accountability include, but are not limited to: · Manage licensees, ensuring compliance with statutory requirements. · Conduct a thorough analysis of industry trends to identify opportunities for regulatory improvement. · Conduct audits and address non-compliance issues with timely and effective enforcement decision-making under the URC Act and other energy sector legislation. · Lead with developing strategic and annual business plans for the sector, in accordance with the URC Act and coordinating the implementation of Board-approved plans. · Foster transparent and productive relationships with energy sector licensees, ensuring compliance with regulatory requirements. · Provide guidance and support to licensed entities to address compliance challenges and encourage innovation within the regulatory framework. · Actively engage with government agencies and industry stakeholders to align energy sector regulations with broader national strategies and objectives. · Participate in policy discussions and provide expert insights to shape the future direction of the energy sector. · Develop and oversee public awareness initiatives aimed at educating consumers about energy regulations, their rights, and responsibilities within the sector. · Prepare Board papers on energy-related matters for submission to the Board of Directors through the HRC. · Prepare detailed compliance and sector-related performance reports for the Executive Director, Energy (EDE) to review. · Maintain accurate records of regulatory activities and compliance efforts. · Provide advice to the EDE, the Board and energy technical sub-committees on developments in energy and electricity generation and supply markets, technology and regulation outside of the Cayman Islands, and recommend initiatives that OfReg could implement. · Promote the adoption of sustainable energy practices through public outreach programs. · Foster a culture of continuous learning and innovation within the team. Qualifications and Experience · Bachelor’s degree in law, Business Administration, Energy Management, or a related discipline; a master's degree is considered a strong asset. · Minimum of seven (7) years' experience in regulatory compliance, energy sector management, or a related field. · Demonstrated experience reviewing and analysing complex org