Company Overview
Golden Pass LNG, a joint venture between ExxonMobil and Qatar Energy, has the vision to become the premier LNG export company in North America. It is our mission to bring clean energy from Texas to power the world and we seek to do that in a way that values safety, integrity, our people, community, and the environment. In order to achieve those goals, we are bringing together a diverse team of experienced and talented professionals. Headquartered in Downtown Houston, the Golden Pass LNG organization expects to double in size over the next several years as we complete the project, commence natural gas trading activities, and ramp up towards full LNG production. Once full operations commence, Golden Pass LNG will become the second largest consumer of natural gas in the US and produce more than 200 cargos of LNG per annum.
Job Summary / Purpose
The Product Control & Trading Support Analyst role will consist of 2 key remits, executing the Product Control Function along with executing the Trading Operations Support Functions..
The Product Control & Trading Support Analyst will execute key Product Control remits, inclusive of (but not limited to) Regional Physical/Financial/Asset PnL, position reconciliation, and daily curve uploads/validation and Risk Reporting. Furthermore, this role will be an integral part of the Product Control Analytics team that will enable and enhance Data Visualization tools used for PnL and Risk Analysis, via the use of Power BI.
In addition to the Product Control remit, the Product Control & Trading Support Analyst will execute the Trading Operations Support Function. This remit includes (but not limited to) the execution of the Daily Confirmations, Exchange Clearing and Reporting processes and monitoring and initiation of required margin injections/clawbacks in close coordination with the Treasury group. The Confirmations function will process daily documentation/confirmations and related activities of the team, including timely resolution of disputed transactions working closely with the trading team. Furthermore, the Product Control & Trading Support Analyst will execute the daily Exchange clearing reconciliation process, which includes ensuring all transactions in the ETRM are matched with the clearing broker, daily reporting to senior management of cash margin positions, ensuring funding requirement requests are executed in a timely manner in coordination with the Treasury department and providing a nightly flash for cash forecast purposes. Lastly the Product Control & Trading Support Analyst will be tasked with the daily and yearly reporting of CFTC position limits, ICE limits and partnering with Compliance for the yearly submission of the FERC 552 report.
The Product Control & Trading Support Analyst will be responsible to ensure that all tasks assigned to the team are done accurately and all discrepancy items are resolved timely. The Product Control & Trading Support Analyst will also facilitate projects, group initiatives and exception processing resolution, as required. A strong technical understanding of the Trade life cycle is expected.
Essential Duties / Functions
•Deliver Daily PnL and Risk Reporting for Regional Physical/Financial/Asset Books.
•Fully reconcile and partner with trading to ensure Regional PnL and Risk is in line with expectations. Provide narrative on gains, losses and risks associated with regional book.
•Partner with Product Control Data Visualization Team to enhance and Deliver Power BI reporting tools.
•Oversee daily curve upload process ensuring curves are loaded accurately in close coordination with trading.
•Partner with Product Control Lead to deliver overall Product Control Agenda, including (but not limited to) taking on additional special projects and tasks.
•Maintain and deliver Daily CFTC Reporting, ensuring Commercial and Compliance are aware of positions versus CFTC limits.
•Maintain and deliver Daily ICE Limits, ensuring Commercial is aware of positions versus ICE limits.
•Partner with Compliance to fully reconcile and deliver yearly FERC 552 reporting
•Generate, track, and execute trade confirmations for various types of transactions.
•Review confirmations received and reconcile to risk system trade details.
•Develop process improvements to continually automate, enhance, and improve efficiency of confirmation and counterparty information. Execute delivery and implementation of ICE E-Confirm system.
•Comply with written procedures on Confirmations activity; recommend revisions and/or write procedures and revisions.
•Work as part of a team supporting multiple risk management systems, with individual knowledge of and input to, confirmation, counterparty, monitoring and compliance modules.
•Research and take action to ensure all trades are confirmed within company guideline timeframes.
•Appropriately handle deviations and exceptions and escalate any significant control breakdown and/or any incipient or improper accounting.
•Engage with and obtain cooperation of Brokers, Counterparties, Traders, Legal, and other Company personnel.
•Fully reconcile Daily Exchange Based trades from ETRM against broker statement. Ensure all exchange based transactions, fees, and margin are fully reconciled back to the Clearing Broker Statement.
•Provide Daily Flash detailing forecasted move in OTE and potential impact on funding.
•Partner with Treasury to ensure funding with excesses and deficits are executed in a timely manner daily.
•Use judgment and experience in identifying discrepancies, obtaining input on corrective action, and resolving differences
•Assists with interim and year end audit processes with the external audit firm. Assists in coordinating PBC and other audit requests. Works closely with external auditors on controls questions, issues, and deficiencies.
•Supports monthly Confirms KPI deliverables.
•Fully supports company goals of continuous improvement and operational excellence including reviewing area of responsibility for improvement opportunities.
•Special projects as needed.
Minimum Requirements
Minimum education required of the position.
•Bachelor’s Degree in Accounting, Finance or Business Administration
Minimum Experience Required Of The Position.
• 3+ years of commodity middle office controls experience within the North American Energy market
•Experience in top ETRM systems, preferably Endur
•Experience with data visualization tools, preferably Tableau or Power BI
Minimum Knowledge, Skills And Abilities Required Of The Position.
• Technical Competency - Ability to understand the trade life cycle, with extensive knowledge of the various physical and financial products executed within the North American Natural Gas Market.
• Awareness of Front-to-Back processing: trading, documentation, clearing, settlement, financial accounting, risk.
• Results focused, detail oriented, problem solving, and self-starter.
• Strong interpersonal skills and ability to develop strong relationships and seamless interfaces across the business, including front, middle and back-office teams as well as with senior management.
•Strong skills with Microsoft Office tools.
Any certificates, licenses, etc. required for the position.
Working Conditions
•Normal office environment
Physical Requirements
Other
•Not all aspects of the job are covered by the description – may require “other duties as assigned.”
•Job may change over time in accordance with business needs.
•Job description does not guarantee employment.
Onsite