Regulatory Analyst

TITLE: Regulatory Analyst

LOCATION: Houston, Texas

TYPE: Direct Hire

SALARY: $120,000 - $140,000

SUMMARY:

The Regulatory Analyst serves as a subject matter expert in the ERCOT Power market throughout the trading organization, assisting with regulatory and market compliance needs. Provides assistance and oversight by researching, creating, and implementing compliance processes to ensure that the company satisfies all ERCOT regulatory requirements. Monitors and interprets new and existing ERCOT regulations, orders, rules, and protocols, keeping up with current and evolving needs. Coordinates and provides feedback on regulatory rulemaking procedures. Assists in developing and delivering staff training on ERCOT regulatory and compliance needs.

DUTIES:

• Regulatory analysis of ERCOT, ERCOT Reliability Monitor (ERM), Texas RE (ERO), PUCT, Independent Market Monitor (IMM)
• Assess ERCOT protocols, ancillary service reform, resource adequacy, BESS reforms, and fast rising intrazonal congestion.
• Evaluate ERCOT Protocols and market rules to continually evaluate and assess impact to ongoing business operations.
• Observe ERCOT market activities (e.g., ancillary and energy bids/offers) to help determine impact to the business and advise business accordingly.
• Actively monitor regulatory organizations and business-related publications to identify their influence on current/future business activities, as well as policies, processes, and control operations.
• Inform the organization on existing or planned ISO market proposals through the market stakeholder process, and assess the impact on the business, as well as policies and controls.
• Foster strong working relationships with ERCOT regulators (ERCOT/ERM/IMM/PUCT)
• Engage in advocacy, regulatory procedures, market regulation, high-impact ISO sector and interest area stakeholder meetings, and provide business advice on possible effects on present and future trading operations.
• Implement and monitor internal market compliance procedures to guarantee organizational compliance with ERCOT market rules and standards.
• Assist 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.
• Collaborate on the development of ERCOT market compliance training programs to help ensure employees are knowledgeable regarding ERCOT rules and requirements.
• Assist 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.

REQUIREMENTS:

• Minimum of 3 years experience in an Energy Trading Firm, with 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 and 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 work across the organization to balance market compliance requirements with commercial opportunities and business objectives.
• Advanced skill in MS Office applications (PowerPoint, Word, Excel, Outlook).

EDUCATION:

• Bachelors degree in business, economics, finance, or similar quantitative discipline
• Advanced degree (MBA/JD/PE) is a plus.