Commercial Trading Compliance Specialist Gas and Power
4 weeks ago
At OakTree Staffing, we are seeking a highly skilled Commercial Trading Compliance Specialist to join our team. This role will be responsible for supporting Commercial traders in trading North American Physical Gas and Power markets, including understanding relevant market rules; applicable regulations; and compliance requirements for new market authorizations.
- Key Responsibilities:
- Support Commercial traders in trading North American Physical Gas and Power markets.
- Understand relevant market rules; applicable regulations; and compliance requirements for new market authorizations.
- Track relevant rules and regulations related to gas & power commodity derivative trading activity on exchange and over-the-counter.
- Conduct risk-based trade surveillance of gas and power commodity derivative trading conducted on US exchanges.
- Evaluate daily futures and option positions to ensure compliance with regulated exchange position limits.
- Assist Global CTC Team in increasing trading personnel's awareness of relevant rules and regulations.
- Ensure trader compliance of internal controls and policies.
- Support the GEC Ethics Department and Chief Compliance Officer in conducting internal investigations of trader behavior.
- Maintain compliance and regulatory knowledge of CFTC, FERC, and ISO rules for power, renewables, and gas markets.
Requirements:
- Ability to work - Legally authorized to work in the job posting country.
- Education – Minimum education qualification required is a Bachelor's degree.
- Commercial Trading Exposure – Three years or more years of experience supporting a Commercial Trading function, with exposure to front and mid-office trading activities.
- Product and Market Knowledge - Knowledge of gas products, ISO/RTO power products (including FTRs and Virtual trades).
- Collaborative - Engaged self-starter who can work independently demonstrating personal drive and taking own initiative yet can collaborate and work effectively in a global team.
- Judgement – Sees big picture; acts based on problems; ability to effectively prioritize.
- Energy – Is engaged and self-motivated.
- Problem Solving - Is able to face new challenges and seek solutions; not merely task focused; can ask the right questions.
- Trust – Follows through on commitments and is candid.
- Relationships – Collaborative and collegial. Ability to interact with multiple internal and external stakeholders.
- Resilience - Solution focused; strong ability to bounce back from setbacks; willing to push through. Ability to face new challenges, seek solutions and ask the right questions.
- Focus – Ability to prioritize, both daily workload and short-term goals.
- Accountability - Takes ownership for making things go right; takes ownership when things go wrong.
- Learning Orientation – Utilizes experiences to learn and to grow.
- Diversity Orientation - Open to different points of view; seeks to understand others; seeks out and encourages multiple perspectives.
Preferred Qualifications:
- Trade Surveillance tools - Experienced in using the Nasdaq Trade Surveillance ('NTS') tool or similar monitoring system.
- Commodity Trading Systems - Familiarity with Energy Trading and Risk Management ('ETRM') systems such Allegro, Right Angle, Aligne and SAP4.
- North American Commodity Regulations – Strong knowledge of the U.S. commodities regulatory environment and applicable laws including Dodd-Frank, the Commodity Exchange Act and knowledge of Designated Contract Market rules.
- Microsoft PowerBI - Working knowledge of PowerBI for creating tailored reports and dashboards.
- Gas and Power Trading Regulations - Proficient knowledge of regulations, exchange rules, relevant laws, and typical internal policies related to North American physical and financial gas and power trading.
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