Business Analyst II
501-2000
Energy
General ManagementJob category
General ManagementOur client is seeking a Business Analyst to work with one of our major clients in the Oil&Gas industry located in
Houston, TX on a 1-year assignment, with the possibility of extension.
Responsibilities:
• Gas & Power Markets Compliance Support - Support 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 company's 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 company's trading personnel's
awareness of relevant rules and regulations, by creating and implementing tailored and engaging online and face-toface learning modules.
• Internal Compliance Controls - Ensure company 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 company 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.
Requirements:
• Legally authorized to work in the job posting country
• Education - Minimum education qualification required is a Bachelor's degree
• Commercial Trading Exposure - 3 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.
• 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:
• 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.
Work Schedule: 5/40 - Monday to Friday, 8 hours per day.
Houston, TX on a 1-year assignment, with the possibility of extension.
Responsibilities:
• Gas & Power Markets Compliance Support - Support 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 company's 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 company's trading personnel's
awareness of relevant rules and regulations, by creating and implementing tailored and engaging online and face-toface learning modules.
• Internal Compliance Controls - Ensure company 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 company 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.
Requirements:
• Legally authorized to work in the job posting country
• Education - Minimum education qualification required is a Bachelor's degree
• Commercial Trading Exposure - 3 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.
• 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:
• 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.
Work Schedule: 5/40 - Monday to Friday, 8 hours per day.