Middle Office Manager, Gas & LNG

The Company is responsible for the Group’s gas, power, LNG, dry bulk, and LPG trading and marketing activities across North America. Operating in a fast-paced and dynamic environment, the business manages time-sensitive and mission-critical activities that require real-time analysis, rapid decision-making, and effective communication.

Key business challenges and market dynamics include:

• Volatile and highly regulated U.S. energy markets, requiring sophisticated technical expertise and swift decision-making to manage time-critical trading activities and significant risk-reward exposures.
• Intense competitive pressures driven by evolving market conditions and the entry of new participants, creating ongoing challenges in capturing growth opportunities and expanding market share.
• A highly skilled and mobile workforce, requiring continuous efforts to attract, develop, and retain top talent in a competitive labor market.

The Manager, Middle Office Risk & Controls leads a team of 3–5 Middle Office Analysts responsible for independent position, profit and loss (P&L), risk reporting, and control functions supporting TGPNA's Natural Gas, LNG, Power, and related commodity trading activities. The role serves as a critical partner to Front Office leadership by providing risk oversight, analytics, valuation, controls, and commercial insights that support informed decision-making while ensuring compliance with internal policies and regulatory requirements.

The position oversees risk control activities across:

• North American natural gas physical and financial trading, marketing, transportation, and storage.
• LNG marketing, trading, storage, transportation, and liquefaction capacity management.
• Sales and marketing of petcoke, sulfur, and other dry bulk commodities produced by affiliates and third parties.
• Related commercial agreements, including sales and purchase agreements, transportation contracts, and storage arrangements.

• Lead, coach, develop, and manage a team of Middle Office Risk Control Analysts, fostering a high-performance culture focused on accuracy, accountability, and continuous improvement.
• Manage departmental resources, workload prioritization, performance management, and employee development.
• Conduct performance evaluations, establish development plans, and support career progression of team members.
• Partner closely with Front Office personnel to evaluate the risk impact of trading and commercial transactions, supporting business growth through effective risk analysis and oversight.
• Develop and maintain a deep understanding of commodity market structures, trading strategies, valuation methodologies, and risk exposures across Gas, LNG, Power, and Dry Bulk trading activities.
• Lead independent risk assessments and provide actionable insights to support commercial decision-making.
• Assess and report key risk metrics, including Value-at-Risk (VaR), Maximum Loss, stress testing, exposure analysis, and other relevant measures.

• Ensure all trading activities are accurately captured, modeled, valued, and reported within risk management systems.
• Oversee the preparation and review of daily position, P&L, and risk reports for management and business stakeholders.
• Ensure the completeness, accuracy, and timeliness of internal and regulatory reporting requirements.
• Present trading results, exposures, and emerging risks to senior management and key stakeholders.

• Monitor compliance with trading authorities, risk limits, and internal control requirements.
• Investigate and elevate breaches, control exceptions, and non-standard transaction requests as appropriate.
• Develop, implement, and enhance Middle Office…