Climate Change: Cap-and-Invest Senior Market Monitor; Financial Examiner

Climate Change:
Cap-and-Invest Senior Market Monitor (Financial Examiner
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The Department of Ecology is hiring a Climate Change:
Cap-and-Invest Senior Market Monitor within the Climate Pollution Reduction Program (CPRP).

Location:

Headquarters Office in Lacey, WA. Upon hire, you must live within a commutable distance from the duty station.

Schedule:

This position is eligible for telework and flexible schedule options. A minimum of one day per week is required in the office. This position is expected to be in the office for a full workday every Tuesday as well as during up to nine Wednesdays per year when auctions occur (four are guaranteed to occur each year). Schedules are dependent upon position needs and are subject to change.

Application Timeline:
Apply by September 1, 2026. Applications submitted after the date above may not be reviewed unless additional qualified applicants are needed.

The Senior Market Monitor role is part of the Auctions and Market Section of the Cap-and-Invest Program. This work is critical to the state's efforts to address climate change, decarbonize the economy, and prepare Washington for a leadership role in the green economy of the future. You and your team are tasked with successfully managing allowance auctions and trading to ensure a free and fair cap-and-invest market.

Other responsibilities include developing proposed improvements to the market program based on performance, economic and policy analyses, and lessons learned from other jurisdictions, and producing reports and revenue forecasts related to the Cap-and-Invest program for the agency, the Governor's office, and the Legislature. You will also represent Ecology in working with other state agencies, regulated industry, and national and international groups on issues related to the allowance auctions, market, and Cap-and-Invest program.

The primary emphasis of your role as Senior Market Monitor will be to complete market surveillance of participants in the cap-and-invest market coming from the financial sector or 'general market participants' through the following duties:

• Ensure Cap-and-Invest entities are in compliance with state and federal laws and industry standards in partnership with federal agencies (e.g., Internal Revenue Service, Securities and Exchange Commission, and Commodity Futures Trading Commission); market operators (e.g., the Intercontinental Exchange (ICE) and Nodal); and relevant state agencies (e.g., the State Attorney General's office).
• Maintain contact with futures markets that list relevant futures contracts and use your expert judgement to review futures and bilateral allowance and offset contracts.
• Apply your knowledge of environmental markets and finance to closely review and monitor complex financial market participants as they join and participate in Washington's cap-and-invest market.
• Identify and propose regulatory options to minimize regulatory arbitrage across jurisdictions and markets.
• Regularly revisit the program's approach to market monitoring and seek out potential improvements.
• Evaluate financial records and documents across financial and other market entities that are connected through corporate association groups as defined by regulation.
• Maintain an up-to-date understanding of finance, commodity markets, and related fields and apply concepts from these fields in market monitoring work.

For detailed information on how we calculate experience and responses to other frequently asked questions, please visit our Recruitment website.

Required Qualifications:

Nine years of experience and/or education related to the duties of the position, which includes the following:

• Advanced Financial & Market Analysis – Ability to evaluate complex financial institutions, commodity markets, and futures products to identify risks, unusual activity, and trends that strengthen regulatory decision-making.
• Regulatory Interpretation & Compliance Oversight – Skilled in applying state and federal financial regulations to evaluate entity behavior, identify potential violations, and support compliance and enforcement activities.
• Market Surveillance & Risk Identification – Experienced in…