TC Energy

Trade Compliance Regulatory Analyst

TC Energy

full-time

Posted on:

Location Type: Hybrid

Location: Calgary • Texas • United States

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Tech Stack

RTOS

About the role

  • Perform and support market compliance monitoring for physical and financial power markets, including oversight of position limits, market conduct controls, and trade surveillance alerts, applying a strong understanding of FERC market behavior rules, ISO/RTO tariffs, and applicable CFTC derivatives regulations
  • Analyze power market trading, bidding, offers, and position data through the lens of regulatory requirements and internal risk management frameworks to identify potential market conduct issues, manipulation risks, anomalous trading behavior, or rule violations, escalating findings in accordance with established escalation and investigation protocols
  • Maintain and enhance compliance dashboards, surveillance metrics, and key risk indicators to support proactive monitoring of market conduct, concentration risk, and regulatory exposure across power markets, ensuring accurate and timely reporting to Compliance management
  • Provide senior‑level support for internal audits, regulatory examinations, market conduct reviews, and assurance activities, including preparation of documentation and responses related to power market trading behavior, surveillance controls, and regulatory compliance
  • Support and oversee regulatory reporting and filing obligations for physical and financial power market activities, including FERC and ISO/RTO‑required submissions, ensuring completeness, accuracy, and timeliness
  • Support preparation, review, and validation of FERC Electric Quarterly Reports (EQRs) and other required power market regulatory filings and data submissions, ensuring alignment with underlying trading activity and contract data
  • Monitor regulatory reporting processes and related control frameworks, identifying gaps, errors, or exceptions in power market filings and driving remediation with internal teams, market operators, and external stakeholders
  • Coordinate with internal teams, counterparties, and ISOs/RTOs to resolve data quality, reporting responsibility, and submission issues related to power market regulatory requirements
  • Assist with responses to regulatory inquiries, information requests, audits, and data calls from FERC, ISO/RTOs, or other regulatory authorities related to power market trading, reporting, and market activity
  • Oversee the maintenance and integrity of counterparty and regulatory reference data across ETRM and Document Management systems, ensuring alignment with regulatory, compliance, and audit requirements
  • Apply a strong understanding of regulatory requirements and market rules to analyze data quality and structure, assessing impacts to regulatory reporting, position monitoring, and market compliance oversight, and escalating material issues as required
  • Support margin readiness and ongoing margin compliance, including validation of ETRM records, FCM documentation, and escalation of material discrepancies impacting regulatory or market compliance
  • Act as a senior point of contact in coordinating and facilitating resolution of margining, collateral, or trade-related disputes with FCMs and internal stakeholders
  • Provide oversight and backup support for exchange access controls, user administration, and compliance with trading platform requirements (e.g., ICE, CME), ensuring appropriate segregation of duties and control adherence
  • Draft, review, and maintain compliance procedures and control documentation, ensuring clarity, regulatory alignment, and audit readiness
  • Identify and drive process improvements related to regulatory compliance, trade surveillance, reporting, and data governance through enhanced controls, automation, or analytics. Apply a strong analytical mindset to evaluate compliance risks, trends, and control effectiveness using trading, position, and market data. Provide subject‑matter support to the Manager, Trade Compliance, including mentorship of junior team members, participation in cross‑functional initiatives, and support on ad hoc regulatory or risk matters.

Requirements

  • Bachelor’s degree in Business, Finance, Economics, Legal Studies, or a related discipline
  • 5+ years of experience in trade compliance, market compliance, regulatory oversight, energy trading, or a related control or oversight function within a regulated commodity trading environment
  • Strong understanding of power market regulatory frameworks, including FERC rules, ISO/RTO market rules and tariffs, and CFTC regulations applicable to financial power trading, with demonstrated ability to apply these requirements in analyzing trading activity, data quality, and internal risk management frameworks
  • Strong understanding of market compliance monitoring, trade surveillance, or market conduct frameworks, including identification of potential manipulation or rule‑violation risks
  • Demonstrated experience working with ETRM systems (e.g., Endur), document management platforms (e.g., OpenText), and data analytics or reporting tools (e.g., Power BI), including assessing downstream impacts to regulatory reporting, position monitoring, and compliance oversight
  • Strong analytical and problem‑solving skills, with the ability to independently identify, assess, and escalate regulatory or market conduct risks
  • Proven ability to manage multiple regulatory and compliance priorities in a deadline‑driven environment while exercising sound judgment
  • Strong written and verbal communication skills, with the ability to engage effectively across Compliance, Legal, Trading, Risk, Operations, and external stakeholders.
Benefits
  • hybrid work model
  • flexible dress code
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
trade compliancemarket complianceregulatory oversightenergy tradingdata quality analysisrisk management frameworksregulatory reportingposition monitoringcompliance proceduresprocess improvements
Soft Skills
analytical skillsproblem-solving skillsjudgmentcommunication skillsmentorshipcollaborationindependent assessmentdeadline managementengagementprocess improvement mindset