Commercial Trading Compliance Analyst Gas and Power- Houston, TX

iSphere Innovation Partners, LLC • West University Place, Texas, United States • 10h ago

iSphere is seeking an experienced Commercial Trading Compliance Analyst for a 12+ month opportunity in Houston, TX to support our clients' trading activities in the North American Physical Gas and Power markets. As a key member of our team, you will ensure compliance with relevant market rules, regulations, and internal policies, while staying up-to-date with changing regulatory requirements and exchange rules.

Responsibilities May Include:

Gas & Power Markets Compliance Support – Support our clients 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.
Gas & Power Commodity Derivative Trading – Tracking relevant rules and regulations related to gas & power commodity derivative trading activity on exchange and over-the-counter. Ensure our clients traders are aware of their compliance obligations and responsibilities to the exchanges and applicable regulators.
Trade Surveillance – Conduct risk-based trade surveillance of gas and power commodity derivative trading conducted on US exchanges, using standard indicator reports in the Nasdaq Trade Surveillance ('NTS') tool to identify potential exceptions such as wash trades; spoofing; market manipulation; etc. Also conduct ad-hoc and event driven market, product, trading strategy, investigations.
Position Limits - Evaluate daily futures and option positions to ensure compliance with regulated exchange position limits (i.e., Intercontinental Exchange and NYMEX/CME Group)
Compliance Awareness and Learning – Assist Global CTC Team in increasing our clients trading personnel's awareness of relevant rules and regulations, by creating and implementing tailored and engaging online and face-to-face learning modules.
Internal Compliance Controls – Ensure clients trader compliance of internal controls and policies, including authority limits, late trades, etc. Maintain and enhance internal monitoring reports, and escalate potential internal policy violations to management.
Compliance Investigations – Support the GEC Ethics Department and Chief Compliance Officer in conducting internal investigations of clients trader behavior as required, summarizing key issues as appropriate.
External Regulatory Awareness – Maintain compliance and regulatory knowledge of CFTC, FERC, and ISO rules for power, renewables, and gas markets.
Compliance Advisory – Monitor changes to regulatory requirements and exchange rules and communicate impact to relevant internal stakeholders, including Trade Managers, Traders and back-office functions. Provide timely, accurate advice and guidance on compliance and regulatory issues.

Required Experience:

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). Commercial competence of traded products, markets, and strategies, both physical and paper-based trading. Demonstrate knowledge of CFTC, FERC, and ISO rules for power, gas, and renewables markets.

Preferred Experience:

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.