Regulatory Analyst | Houston, TX (On-site) 35 views

Mutliple-Sectors

Location: Houston, TX (On-site)
Under the general supervision of the Senior Regulatory Advisor, the ERCOT Regulatory Analyst works across the trading organization as a subject matter expert in the ERCOT power market to assists the company in regulatory matters and market compliance requirements. Provides guidance and oversight by researching, developing and implementing compliance controls that help ensure the Company meets all ERCOT regulatory requirements. Monitors and interprets new and existing ERCOT regulations, orders, rules, and protocols and stays informed of current and changing requirements. Helps coordinate and provide input into regulatory rulemaking proceedings. Provides advice and assistance to internal departments. Helps develop and deliver employee training on the relevant ERCOT regulatory and compliance requirements.

Activities
ERCOT Specific Functions
Regulatory analysis coverage: ERCOT, ERCOT Reliability Monitor (ERM), Texas RE (ERO), PUCT, Independent Market Monitor (IMM)
Key Current Focus: ERCOT Protocols, Ancillary Services reform, Resource Adequacy, BESS reforms, rapidly increasing intrazonal congestion (esp. North Zone)
Priority stakeholder forums: ERCOT stakeholder groups and Protocol Revision Request process, Gulf Coast Power Association, etc.
Regulatory Monitoring/Analysis:
Monitor ERCOT Protocols and market rules to continually evaluate and assess impact to ongoing business operations.
Analyze ERCOT market activities (e.g., ancillary and energy bids/offers) to help determine impact to the business and advise business accordingly.
Actively monitor regulatory groups and business relevant publications to determine impact to current/future business activities, and/or impact to policies, procedures, and controls operations.
Advise the organization on pending or upcoming ISO market proposals via market stakeholder process and determine impact to the business and to polices and controls.
Advocacy/Relationship Management:
Establish and fosters strong working relationships with ERCOT regulators (ERCOT/ERM/IMM/PUCT)
Participate in high-impact ISO sector and interest area stakeholder meetings, advocacy, regulatory proceedings, and market rulemaking and advise business of potential impact to current and future trading activities.
Market Compliance Controls
Enhances, develops, implements and monitors internal market compliance controls that help ensure organizational compliance with ERCOT market rules and protocols.
Advice & Assistance
Provides expert advice on the regulatory and administrative aspects of TGPNA’s current and future activities in the ERCOT market and related rules, tariffs, protocols, operating guides, etc.
Assists the Market Compliance team in providing ad hoc regulatory guidance and proactive counsel to the organization and senior management on ERCOT-related regulatory issues and matters.
Assist the Market Compliance team with investigating/responding to regulatory data requests and regulatory inquiries.
Market Compliance Training
Helps develop ERCOT market compliance training programs to help ensure employees are knowledgeable regarding ERCOT rules and requirements.
Assists the Market Compliance team with training delivery to the Front Office (power traders, originators, operators); control functions (Middle Office/Back Office) and other company resources on the market design, structure, and the related regulatory aspects of trading in ERCOT market.
Context and Environment
Volatile U.S. energy markets
Highly competitive environment for new business and growth opportunities due to new market entrants
Highly skilled and mobile workforce
Fast moving trading environment involving time critical activities and high/risk rewards from trading operations
The Company is responsible for the Company’s gas, power, dry bulk, and LNG trading and marketing activities in North America.
Accountabilities
Detailed, working knowledge of industry laws, regulations, and standards applicable to Energy Trading, and experience with regulatory analysis related to trading activities
Strong understanding of Energy Trading markets and products (Natural Gas/Power/Renewables); experience with day to day operations, risk management and trading practices including physical and financial transactions used in the industry.
Qualifications/Experience required
Undergraduate degree in business, economics, finance, or similar quantitative discipline; Advanced degree (MBA/JD/PE) is a plus.
Minimum of three (3) years’ experience in an Energy Trading Firm, with two (2) years’ experience in an ERCOT Market compliance role or an equivalent market compliance role in another ISO/RTO and/or applicable market regulator.
Detailed, working knowledge of industry laws, regulations, and standards applicable to Energy Trading.
Detailed, working knowledge of the ERCOT market, which includes DAM, CRRs, resource adequacy requirements, ancillary services, and BESS resources.
Strong understanding of Energy Trading markets and products (Natural Gas/Power/Renewables); experience with day-to-day operations, risk management and trading practices including physical and financial transactions used in the industry.
Proven communication and presentation skills, oral and written, with ability to communicate with a variety of individuals and personalities both internal and outside the organization.
Ability to solve problems, think critically, make sound, firm recommendations while resolving complex and sensitive regulatory issues.
Ability to prioritize job requirements in a high pressure, multi-tasking environment; strong time management and organizational skills.
Ability to work across the organization to balance market compliance requirements with commercial opportunities and business objectives.
Must be self-starting and willing and able to work independently in a dynamic trading organization under pressure of tight deadlines and aggressive expectations.
Proficient in the use of MS Office applications (PowerPoint, Word, Excel, Outlook)

**TotalEnergies regrets that it is unable to sponsor employment Visas or consider individuals on time-limited visa status for this position.

About Us
At TotalEnergies we know that you’re more than what’s on your CV. If this opportunity excites you, but your profile doesn’t exactly match the description above…give it a try & apply. Diversity of perspectives & experiences make us stronger.
TotalEnergies is a multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Gas and Power (TGP) is the trading arm of TotalEnergies in the field of low carbon energies (mainly gas, LNG and power). As such it operates in fast-evolving market dynamics influenced by internal and external factors that require constant adaptation and evolution. Uncertainties specific to the trading environment (volatility of prices, supply & demand mismatches) are coupled with those coming from the broader energy sector (climate change policies, changes in the energy mix, developments of new energy sources, etc). In such context TGP helps to ensure growth and profitability to a key segment of the business in order to reach the objective of Carbon Neutrality by 2050.
Our Culture:
We are committed to meet the energy needs of a growing population while fulfilling our ambition to be a major player in the energy transition. The volatility of the energy trading markets requires excellence in risk management and a culture of innovation.
Our people flourish in an environment that promotes expertise, entrepreneurship spirit, agility and a purpose-driven culture, generating boundless opportunities to learn, grow and achieve collaborative success while ensuring safety in all our operations.
We look for passion, ambition and open-mindedness. While we evolve in a demanding and ever-changing industry, we cultivate a friendly workplace where team spirit and respect guide our daily routine, and where the diversity of our people and their skills create a nourishing experience for all of us.

Mutliple-Sectors