REMIT SME / Business Analyst

Luxoft is seeking an experienced REMIT Subject Matter Expert and Business Analyst to support a European energy and commodities organization. The role focuses on assessing, strengthening, and implementing REMIT compliance frameworks across multiple branches by translating regulatory requirements into practical processes, controls, governance, and implementation plans.

Responsibilities:

• Perform a current-state assessment and gap analysis of existing REMIT processes, controls and operating practices across relevant branches and functions
• Translate REMIT requirements into practical business and operational requirements, including processes, controls, procedures, governance, roles and responsibilities
• Assess consistency of REMIT implementation across different locations/functions and identify areas of regulatory or operational risk
• Work with Front Office, Compliance, Operations, Technology, Risk and other stakeholders to define the target-state REMIT operating model
• Define and prioritise remediation actions and workstreams, supporting the development of an actionable implementation roadmap
• Support and, where appropriate, lead remediation through design, implementation and closure, ensuring recommendations are translated into sustainable operational processes
• Review areas such as transaction and fundamental data reporting, market conduct/market abuse controls, inside information and disclosure obligations, where applicable to the client's activities
• Define business requirements and support changes to processes, controls, data and systems required to achieve compliance
• Produce appropriate documentation and evidence to support internal governance, Compliance and audit/regulatory reviews
• Coordinate across branches to drive a consistent approach to REMIT compliance while recognising legitimate local or business-specific requirements

Requirements:

• Strong practical knowledge of REMIT and European energy/commodity market regulation
• Experience within energy and/or commodities trading, with an understanding of the trade lifecycle and associated operational processes
• Demonstrable experience translating regulation into business processes, controls and operating procedures
• Experience performing regulatory gap assessments, implementation programmes, audit/compliance assessments and/or regulatory remediation
• Strong Business Analysis capabilities, including requirements gathering, process mapping, gap analysis and stakeholder management
• Ability to work effectively with Compliance, Front Office/Trading, Operations and Technology stakeholders
• Experience working across multiple legal entities, branches or jurisdictions would be advantageous
• Working experience with Endur (trading system) and SCILA (survelliance)
• Knowledge of EMIR and other European transaction/regulatory reporting regimes, particularly where experience is transferable to REMIT
• Understanding of REMIT reporting processes, data requirements and interaction with Registered Reporting Mechanisms (RRMs) and ACER
• Experience with market surveillance, market abuse controls and regulatory reporting controls within commodities/energy trading
• Previous involvement in regulatory remediation following an internal audit, compliance review or regulatory assessment
• Experience working within Switzerland and/or supporting European organisations with cross-border operations