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Years of Experience
Date Last Verified
ProfileManager Compliance Program Energy, Resource & Trade The candidate will be key member of the Trading Operations/Compliance Department within Energy Resources & Trade (company) (natural gas and power trading operations), working cross-functionally Front-to-Back Office to enable compliance with power trading rules and regulations including: Federal Energy Regulatory Commission (FERC); Commodity Futures Trading Commission (CFTC); Exchanges (CME, ICE, Nodal); Regional Transmission Organization (RTOs including: PJM, NYISO, ISO-NE); North American Electric Reliability Corporation (NERC); and NERC Regional Entities. The position will play a lead role in the development, execution, oversight and monitoring of the Compliance Program within ER&T. The primary responsibilities include: Development and management of compliance for all the high risk processes; Oversight, monitoring and documentation for ISOs and various regulatory agencies; Leading the ongoing day-to-day duties designed to monitor, identify and maintain compliance with applicable company ER&T related regulations; Work with company’s Corporate Compliance & Ethics Officer and other members of the Legal Department to conduct internal reviews. Duties include to: Conducting Compliance Reviews within company. These reviews will assess whether departmental processes are documented, reviewed, updated regularly, and are in compliance with applicable policies, practices, procedures standards and laws. The findings and corrective action(s) will be communicated to process owners and management; Investigating compliance matters; Fostering a culture of compliance, by encouraging the reporting of any issue or violation of policy; Overseeing timely resolution of policy; Serving as the contact for internal and external inquiries from various organizations including government agencies, audit firms and industry associations. Create and maintain company policies and procedures for sale and trading as needed. Assist Legal and Continuous Improvement to identify, develop, and implement the required annual and ad hoc training to meet all regulatory and compliance requirements. Establish a comprehensive and effective compliance and operational control program across company. Support and collaborate with the Legal Department in monitoring compliance changes and enforcement cases by the applicable regulatory agencies. Communicate information with the Front Office to ensure company’s compliance with the changes. Responsible for compliance oversight, process administration, and rule/standard impact assessments within company. Management of the compliance program at company and recommend/facilitate process updates. Develop, execute, and manage formal compliance review plan, to review adequacy of processes/procedures. Collaborate with the Legal Department to update policies and procedures. Manage formal compliance desk reviews and implement quarterly compliance trading desk meetings. Implement a comprehensive compliance training program, including mandatory training for new hires. Responsible for the review and timeliness of compliance monthly, quarterly, and annual regulatory reports (FERC, EIA, CFTC, etc.) including updates to management. Support regulatory and lead compliance investigations, and co-ordinate company’s response. Assist company in selecting and implementing a Trade Surveillance system to track, monitor, and report suspicious trade activity.
Qualification and Experience
The candidate should have Bachelor's degree in related field of study. An Accredited professional risk and /or compliance certification (e.g. GARP, CCEP, etc.) is preferred. Masters or J.D. is preferred. Commercial trading/operations experience related to merchant generation and natural gas is desired. Must have 7 years of experience in trading, internal control, compliance or operational risk. Experience in an energy trading environment, Regulatory/Operational Risk is essential. Self-starter skills and competencies are essential for the role. Should have knowledge of RTO/ISOs, futures exchange operations, trading, risk management and commodity regulations. Must have ability to read, understand, and communicate complex legal, regulatory, and policy documents and effectively communicate with executive management, and other market participants. Should be able to provide guidance and support to Commercial and Functional teams to manage compliance and control risks. Must have proficiency with Microsoft Office Suites. Understanding of energy risk management and related internal controls is needed. Should have strong research, critical thinking and analytic skills. Must have demonstrated interpersonal and analytical skills and a willingness to be “hands-on” problem solving. Experience working in a fast-changing environment with significant regulatory change is needed.
Requisition ID: 34861