The Markets Business Control Management team is seeking a Commodities Front Office Control Manager – Vice President, to lead the controls framework for our global Markets businesses. This role involves identifying and rectifying control gaps, collaborating with various teams to mitigate operational risks, and fostering a proactive risk and control culture. Based in Houston, TX, this position is crucial for our expansion in the energy sector, particularly in Physical Gas, Power, Emissions, Liquefied Natural Gas (LNG), and Physical Power operations. The role also involves expanding our footprint in environmental markets like emissions trading and carbon credits. The ideal candidate will be a strategic thinker with industry expertise and strong leadership skills, capable of promoting growth in a dynamic market.

As a Commodities Front Office Control Manager – Vice President within the Markets Business Control Management team, you will be responsible for spearheading the controls agenda, serving as the First Line of Defense to uphold a robust control environment. You will identify control gaps and weaknesses, and formulate strategies to rectify them. You will collaborate with various teams to evaluate, design, and implement sustainable solutions to mitigate issues and operational risks. This role provides an opportunity to foster a proactive risk and control culture, promote growth in a complex and rapidly changing market, and contribute to the expansion of the energy sector.

Job Responsibilities:

Identifying and managing operational and conduct risk related to trading of financial OTC derivatives, listed futures and physical commodities. Ensuring appropriate controls are in place to support new business initiatives and/or initiatives driven by regulatory or policy changes. Engaging on relevant control matters and initiatives pertaining to the Energy Business and Physical Commodities.  Co-ordinate the setup of Traders onto trading venues, energy platforms and co-ordinate the implementation of requirements defined by trading venues and energy platforms. Assisting in the assessment of the end to end control environment and in the resolution of any control issues that surface, including providing a framework for developing “best practice” standards.  Facilitating the execution of various Front Office supervisory controls, attestations, and exception management. Facilitating the execution of control programs such as Risk & Control Self Assessments, Risk Event Reporting, Executive Governance meetings and Control Forums. Participating in projects sponsored by Business Control Managers. Includes operating as the project manager on key control initiatives as well as acting as a consultant on control initiatives managed within central control functions.  Prepare and present the monthly Control Dashboard and Business Control Committee, highlighting key areas of the global commodities control environment for senior management. Leading and coordinating end-to-end audits, control testing, and regulatory exams or inquiries in partnership with business. Build and maintain strong relationships with front-office personnel, business managers, control managers and other business aligned functions to facilitate dialogue and effective implementation of solutions.

Required Qualifications, Skills and Capabilities:

Deep understanding of operational risks and controls, with the ability to design, implement, and monitor effective control frameworks. Excellent analytical and problem-solving skills; ability to conduct risk assessments, perform root cause analysis, develop mitigation strategies, and apply process re-engineering. Possess an investigative mindset, able to see issues both at a high-level and in detail; understand their applicability to the business. Excellent verbal and written communication skills, capable of conveying complex information simply to diverse stakeholders across first, second and third lines of defense, as well as senior management. Polished interpersonal skills with the ability to effectively challenge and build consensus across the organization. Self-starter able to work independently with minimal instructions and proactively find answers, even when the solutions are not clear-cut. Ability to manage multiple projects simultaneously, prioritize tasks effectively, and deliver timely. Act with confidence and good judgement, directly address conflicts, and, escalate issues where appropriate. Proficient in Microsoft Office Suite (Word, Excel, PowerPoint).

Preferred Qualifications, Skills, and Capabilities:

Commodities (Physical Energy) knowledge beneficial. Relevant Financial service experience in a controls, audit, quality assurance, risk management, compliance or governance function. Proficient knowledge of control and risk management concepts with the ability to design, create, and evaluate a Risk & Control Self-Assessment in conjunction with business partners. Prior exposure to Front Office Trading beneficial. Broad knowledge of FERC rules beneficial.