Senior Market Compliance Analyst - Power

Context & Environment

TGPNA participates in North American physical and financial commodity markets, including power, natural gas, LNG, environmental products, dry bulk products, and related derivatives. The Company operates in a dynamic, highly regulated environment shaped by evolving market rules, tariff requirements, regulatory developments, and market conduct expectations across multiple jurisdictions and organized markets.

The Senior Market Compliance Analyst (Power) supports the Market Compliance function through comprehensive compliance oversight, surveillance, regulatory analysis, and advisory support for the Company’s trading and commercial activities. The role focuses on monitoring and advising on physical and financial power markets, including organized and bilateral transactions, virtual products, Financial Transmission Rights, congestion products, capacity markets, and related activities.

Working closely with Trading, Commercial, Risk, Operations, Legal, senior management, and both market and data analysts, the position delivers practical guidance on market rules, regulatory requirements, and compliance risks affecting day‑to‑day business activities. The role also contributes to regulatory change management, market rule interpretation, compliance program development, investigations, training initiatives, governance processes, and regulatory readiness efforts.

The successful candidate will demonstrate strong analytical capabilities, the ability to independently assess complex trading activity, and the skill to evaluate regulatory developments and communicate clear, risk‑based recommendations to business stakeholders.

Activities

• Conduct surveillance and monitoring of physical and financial power trading activities, including virtual transactions, Financial Transmission Rights (FTRs), congestion products, renewable products, and organized wholesale electricity markets.
• Analyze trading activity across PJM, ERCOT, CAISO, MISO, SPP, NYISO, ISO‑NE, and other North American power markets to identify potential market conduct, tariff compliance, and regulatory risks.
• Independently monitor daily physical and financial power, renewable, and environmental commodity transactions to support compliance with applicable laws, regulations, tariffs, exchange rules, and internal policies.
• Review and investigate surveillance alerts, unusual trading patterns, market anomalies, and compliance concerns; engage directly with traders and commercial personnel and escalate matters when appropriate.
• Monitor and analyze trading positions, position‑limit utilization, transaction activity, market concentration metrics, exchange data, ISO/RTO market data, and other relevant external information sources.
• Design, develop, and enhance trade‑surveillance reports, analytical tools, dashboards, and automated monitoring solutions to strengthen compliance oversight and risk‑identification capabilities.
• Partner with Operational Compliance, Risk, Legal, Regulatory Affairs, and other control functions to support monitoring activities, investigations, new‑activity reviews, and compliance‑program initiatives.
• Conduct reviews of business and trading communications to identify potential misconduct, policy violations, market‑abuse concerns, or regulatory risks.
• Serve as a compliance advisor to traders, originators, schedulers, marketers, and commercial personnel on market rules, tariff requirements, market‑conduct expectations, and regulatory obligations.
• Assist in conducting regulatory and compliance risk assessments for power trading, generation, congestion management, virtual trading, FTRs, renewable products, and other commercial activities; identify emerging risks and recommend appropriate controls and mitigation measures.
• Draft, maintain, and enhance compliance policies, procedures, standards, and governance documentation related to wholesale power markets, market conduct, surveillance, regulatory reporting, and trading controls.
• Monitor and assess regulatory developments, enforcement actions, stakeholder initiatives, and rule changes issued by FERC, CFTC, ISOs/RTOs, Market Monitoring Units (MMUs), NERC, regional entities, and other regulatory authorities.
• Evaluate the potential impact of regulatory and market‑structure changes on trading strategies, commercial activities, compliance controls, and business operations.
• Support the implementation and ongoing enhancement of compliance controls related to physical power, financial power, virtual transactions, FTRs, congestion management, renewable products, natural gas, LNG, and other commodities as applicable.
• Assist with regulatory inquiries, audits, examinations, investigations, data requests, and internal reviews.
• Develop, coordinate, and deliver compliance training programs, workshops, and communications related to power markets, market‑conduct rules, tariff compliance, FERC and CFTC requirements, ISO/RTO market rules, enforcement developments, and emerging regulatory risks.
• Participate in new‑product reviews, market‑expansion initiatives, strategic projects, and technology implementations to ensure appropriate compliance oversight and controls are incorporated from inception.
• Contribute to continuous improvement of the compliance program by identifying process enhancements, emerging risks, and opportunities to strengthen surveillance effectiveness and regulatory compliance.

Candidate Profile

• Bachelor’s degree in Finance, Economics, Accounting, Engineering, Mathematics, Statistics, Computer Science, Business, Energy Management, Law, or a related discipline. Advanced degrees or professional certifications are a plus.
• 5–8+ years of experience in energy trading compliance, market surveillance, regulatory affairs, market monitoring, risk management, regulatory advisory, or a related function within an energy trading company, exchange, ISO/RTO, market monitor, consulting firm, or regulatory agency.
• Strong knowledge of North American wholesale electricity and natural gas markets, including organized and bilateral markets, market structures, commercial practices, and regulatory frameworks.
• Direct experience supporting physical and financial power trading activities, including virtual transactions, Financial Transmission Rights (FTRs), congestion products, bilateral power transactions, capacity markets, swaps, futures, options, and ISO/RTO market participation. Experience with natural gas, LNG, renewable energy, environmental products, and related commodity markets is highly desirable.
• Demonstrated expertise interpreting ISO/RTO tariffs, business practice manuals, market rules, exchange requirements, and internal governance standards across PJM, ERCOT, CAISO, MISO, SPP, NYISO, ISO‑NE, and other relevant markets.
• Strong understanding of FERC and CFTC regulations, market conduct requirements, anti‑manipulation standards, enforcement priorities, and regulatory expectations, including experience assessing trading activity for potential market abuse, manipulation, or rule violations.
• Experience monitoring regulatory developments, stakeholder initiatives, enforcement actions, and market rule changes, and translating complex regulatory requirements into practical business guidance, policies, procedures, and controls.
• Proven experience conducting trade surveillance, compliance monitoring, investigations, risk assessments, and data‑driven analysis of trading activity, positions, orders, executions, communications, and market data.
• Strong analytical and problem‑solving skills, with the ability to evaluate large and complex datasets, identify trends and anomalies, and assess interconnected trading and market risks.
• Experience with market surveillance, communications surveillance, and trade monitoring technologies such as SMARTS, CubeWatch, Whistler, Behavox, Fairwords, Shield, Power BI, Spotfire, or similar platforms.
• Proficiency with data analytics and automation tools including SQL, Python, Power BI, Alteryx, Power Query, Excel VBA, and related technologies. Experience with exchange and market data connectivity (ICE, CME, Nodal, Drop Copy, API‑based feeds) is preferred.
• Excellent written and verbal communication, presentation, and stakeholder‑management skills, with the ability to effectively engage traders, commercial teams, senior management, legal, risk, operations, auditors, and regulators.
• Demonstrated ability to balance regulatory requirements with commercial objectives, exercise sound judgment under pressure, manage multiple priorities, and operate effectively in a fast‑paced trading environment.
• Self‑motivated and collaborative, with the ability to work independently, lead initiatives, influence stakeholders, and drive continuous improvement across compliance programs, surveillance frameworks, and control environments.

Additional Information

Domain: Governance and Information

Type of contract: Regular position

Experience: Minimum 6 years

Employer company: TotalEnergies Gas & Power North America, Inc.