Senior Market Compliance Analyst - Power

Senior Market Compliance Analyst (Power)

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.

• 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…