• Director, Market & ISO Compliance

    Job Locations US-MA-Andover
    Job ID
    2019-5762
    # of Openings
    1
    Category
    Energy Management
  • Overview

    Reporting directly to Head of Energy Management North America, this position is responsible for overseeing and administering business activities across U.S. and Canada energy markets to ensure that related operations are compliant with FERC, CFTC, Dodd Frank, FPA and any other relevant laws and regulations affecting the wholesale energy business, as well as ISO market rules.  This will entail being involved in all aspects of strategy formation and execution to identify areas of risk, as well as documenting all necessary information deploying compliance efforts, in order to design and deploy a duly adequate compliance plan. 

    Key components of the program responsibility include: FERC, FPA, CFTC disciplines with reference to energy trading on wholesale markets, ISOs rules analysis, context deployment, market incidents investigations, policy and procedure development, spot check monitoring, self-reporting, responding to regulator information requests, and participating in Trading Compliance industry and associations workgroups.  This position is critical to ensuring that Company complies with regulatory standards and minimizes financial and reputational risk associated with regulatory non-compliance in ISO and market abuse Rules.

    Responsibilities

    • Identify context applicable rules, and deploy effective compliance program
    • Developing ISO Rules & Trading Compliance Programs including creating and updating policy and procedure documentation; identifying potential compliance risks and developing and implementing actions to eliminate or mitigate the impact of those risks;
    • Providing real time ISO Rules compliance advice to Operations and Asset Optimization;
    • Working with Regulators to address compliance concerns, respond to information requests and provide reports as required
    • Maintain in-depth knowledge of ISO market rules, including staying on top of new rules and any recent compliance actions.
    • Deep understanding of available products (physical energy, FTRs, financial bidding, etc.), financial swaps and the effects they have on each other across markets
    • Acts as subject matter expert for traders for any questions on market abuse and ISO regulations 
    • Provides updates and training on information important for traders
    • Documents and reviews any changes in strategy or operations
    • Act as primary point of contact with Market compliance and ISO market monitoring bodies, and develop a deep understanding of their composition and functioning 
    • This position will supervise a senior analyst

    Qualifications

    • Bachelor’s degree in a relevant field
    • 8-12 years of experience with energy markets, compliance and Front Office operations
    • Prior experience in an energy trading environment with a working knowledge of multiple markets and related market abuse provisions and ISOs rules.
    • Proven deep know how of market abuse discipline
    • Proven track record in developing and maintaining a leading compliance program
    • Demonstrated knowledge of ISO and Federal rules and regulations, including financial regulation (CFTC, Dodd-Frank, etc.)
    • Experience in managing ISO market compliance aspects of a trading portfolio
    • Understanding of the components of an effective, industry leading compliance program;
    • Ability to lead cross-departmental initiatives and projects;
    • Ability to translate regulatory and legal requirements into business processes and policies;
    • Highly developed written communication skills;
    • Self-motivated with the ability to work independently and as part of a group
    • Excellent communications, interpersonal, and organizational skills required
    • Demonstrated creativity, and independent thought when solving problems
    • Good understanding of business processes and data management
    • Builds positive relationships with internal and external groups

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