Middle-Office Manager, Trading Risk and Finance

What You Can Expect

Under the supervision of the ENGIE Energy Marketing North America Risk Director, as a Middle-Office Manager-Risk & Finance, you will manage all aspects of daily MtM (Mark-to-Market) reporting, Profit & Loss (P&L) validation, and sign-off monitoring. You will ensure the consistent and accurate publication of daily Risk & Performance Reports, oversee book structure management across multiple legal entities, and maintain strict adherence to trader risk mandates. By estimating and modeling various reserves (credit, liquidity, inception, model, intermittency, shape, volume), validating forward/settlement curves, and creating data-driven reports, you will play a crucial role in supporting the overall financial performance and risk management of the organization. You will lead a team of professionals tasked with providing robust Middle-Office support and enhancing reporting capabilities through tools like Power BI.

• Daily MtM (Mark-to-Market) Reporting
  • Oversee the computation and validation of daily MtM values for all trading books and products
  • Ensure timely distribution and accuracy of MtM figures to key stakeholders
• P&L Validation, Attribution, and Sign-Off
  • Validate daily P&L results and provide clear explanations by desk, KPI, and book
  • Monitor P&L sign-off, ensuring discrepancies are thoroughly investigated and resolved
• Risk & Performance Reporting
  • Manage the publication of Daily Risk & Performance Reports, maintaining high data quality and consistency
  • Develop KPIs and dashboards using tools like Microsoft Power BI to enhance visibility into operational and financial performance
• Book Structure Management (Multi-Legal Entity)
  • Coordinate and maintain book structures across multiple legal entities, ensuring all trades are accurately captured
  • Collaborate with Front Office, Back Office, and Accounting teams to keep book hierarchies aligned with organizational requirements
• Trader Risk Mandate & Reserve Calculations
  • Enforce trader risk mandates, monitoring limit usage and escalating breaches when necessary
  • Estimate, model, and compute various reserves, including credit, liquidity, inception, model, intermittency, shape, and volume reserves
• Forward and Settlement Curves Validation (Price Control)
  • Validate and benchmark forward and settlement curves, ensuring consistency with market data
  • Oversee exotic parameters such as hourly shape factors, scalar ratios, and B/A spreads for liquidity reserves
• Process Automation & Reporting Improvements
  • Lead initiatives to automate Middle-Office processes, improving the accuracy and efficiency of data capture and reporting
  • Collaborate with IT to implement and maintain Power BI reports, ensuring user-friendly interfaces and reliable data sources
• Cross-Functional Collaboration
  • Partner with Front Office, Credit, Market Risk, and Operational Risk teams to manage exceptions and align on valuation methodologies
  • Work closely with Legal, Finance, and Accounting to maintain compliance with internal policies and external regulations
• Leadership & Team Management
  • Manage a team of Middle-Office professionals, providing mentoring, training, and development opportunities
  • Foster a culture of continuous improvement, proactively identifying areas to enhance processes and reduce operational risk
• Audit & Compliance
  • Coordinate with internal and external auditors on controls related to MtM, P&L, and reserve calculations
  • Ensure adherence to relevant regulatory requirements, internal policies, and best practices

What You'll Bring

• A minimum of Bachelor's degree in Finance, Economics, Mathematics, Engineering, or a related field
• A minimum of 7 years of experience in a Middle-Office environment within the energy or commodities sector (Gas and Power)
• Proven track record in managing MtM reporting, P&L analysis, and risk metrics (e.g., VaR, stress testing)
• Proficient in ETRM systems (e.g., FIS Aligne) and advanced Excel.
• Familiarity with Power BI for reporting and data visualization
• Strong understanding of forward curve validation, price control processes, and exotic parameter management (shape factors, scalars)
• Excellent communication skills for effective interaction with Front Office, Back Office, IT, and senior management
• Strong leadership and team-building capabilities, with the ability to mentor and develop staff
• Highly organized, with strong analytical and problem-solving skills
• Ability to work in a fast-paced environment and handle multiple projects concurrently
• Adherence to company policies, procedures, and applicable regulatory standards

Additional Details

• This role is eligible for our hybrid work policy; minimum 3 days working in the office and 2 days working from home
• Must be willing and able to comply with all ENGIE ethics and safety policies

Compensation

Salary Range: $131,000 - $174,600 USD annually

This represents the average expected pay range for a qualified candidate.

Actual offered salary may depend on geography, experience, industry knowledge, education, internal pay alignment, or other bona fide factors.

ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors.

In addition to base pay, this position is eligible for a competitive bonus / incentive plan.

Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location

At ENGIE, we take your well-being seriously. Our comprehensive benefits package includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match. But that's not all - we're dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits. Explore our benefits package to see how we can support you. Learn more.

Why ENGIE?

ENGIE North America isn't just participating in the Zero-Carbon Transition, we're leading it! Join us as we develop energy that is renewable, efficient, and accessible to everyone.

At ENGIE, our goal is to support, promote, and thrive on diversity, equity, and inclusion. We do so for the benefit of our employees, customers, products and services, and community. ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an equitable and inclusive environment for all employees.

We are committed to providing employees with a work environment free of discrimination and harassment. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.

If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at ENGIENA-ENGIEHR@engie.com. This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.

We value internal mobility and will offer sponsorship for this role to internal candidates only.

The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.