AddressAbout us
National Grid is hiring an Analyst - Policy and Compliance for our Risk Managment department. This position will be located in Hicksville, NY.
Every day we deliver safe and secure energy to homes, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry.
To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business.
Job Purpose
The Analyst – Policy and Compliance reports to the Manager Qualitative Risk and Compliance. The Analyst – Policy and Compliance plays a key role in ensuring the organization's energy procurement risk management policies, and strategies are in compliance with applicable state/federal regulations, and strategic imperatives of the organization. This position will be instrumental for driving the company’s qualitative energy procurement risk management framework forward inline with best practice.
This role provides a direct support for communication with internal/external auditors and Compliance with their requests and deadlines. This role will work closely with the other members of Risk Management team to ensure the timeliness and quality of their responses to audits and Compliance requirements such as SOX, Dodd-Frank and EMIR. This role will be also responsible for transaction confirmations, contracts and indices reporting processes.
Key Accountabilities
• Maintain and monitor Energy Risk control framework.
• Manage daily risk control processes.
• Manage transaction Confirmation process (including daily, monthly, Asset Management Agreements, RFP trades, Monthly capacity auctions, NYSERDA trades, Renewable Energy Credit trades and other complex deals) via eConfirm or manually.
• Work closely with traders verifying accuracy of the trading tickets and Allegro deal entries.
• Maintain Allegro trade modification spreadsheet and Late entry spreadsheet as per control framework and monitor trader errors.
• Manage internal and external audits including tracking of agreed management actions
• Coordinate risk management committee meetings and documentation requirements. Perform secretary functions at all meetings.
• Analyze and manage documentation of transaction strategies proposed by energy traders
• Assist Manager in the development and implementation of risk policies/procedures
• Assist with commodity contract administration, including negotiation of financial and physical master agreements
• Coordinate quarterly financial reporting activities and produce EPRM final document
• Communicate with external and internal stakeholders including vendors. Process invoice payments
Qualifications
• Bachelor’s degree in Finance, Accounting or Economics required.
• Knowledge of Allegro® Horizon Energy Transaction Risk Management system
• Knowledge of ICE Trade Vault® is a significant plus
• ICE Trade Vault® is a significant plus
• Minimum 1 year of compliance work experience
• Knowledge of Northeast Power and Natural Gas markets preferred
More Information
Salary
$77k - $91k a year
This position has a career path which provides for advancement opportunities within and across bands as you develop and evolve in the position; gaining experience, expertise and acquiring and applying technical skills. Candidates will be assessed and provided offers against the minimum qualifications of this role and their individual experience.
National Grid is an equal opportunity employer that values a broad diversity of talent, knowledge, experience and expertise. We foster a culture of inclusion that drives employee engagement to deliver superior performance to the communities we serve. National Grid is proud to be an affirmative action employer. We encourage minorities, women, individuals with disabilities and protected veterans to join the National Grid team.
