PSEG Manager Compliance Program Energy, Resource & Trade in Newark, New Jersey

Requisition ID: 34861

Job Function/Category: Energy Resources & Trade LLC

Employment Type: Exempt Full Time

This is an exciting time to be joining PSEG. Our commitments, which include safety, integrity, customer focus, and diversity & inclusion, are the fabric of our culture and help drive the success of our business. We are fortunate to have an outstanding workforce of diverse and highly skilled talent who move us forward in our operational excellence journey. PSEG has more than 12,000 employees who are dedicated to the communities we serve and embody our vision: People providing Safe, Reliable, Economic and Greener Energy

A key member of the Trading Operations/Compliance Department within PSEG Energy Resources & Trade (PSEG ER&T) (natural gas and power trading operations), working cross-functionally Front-to-Back Office to enable compliance with power trading rules and regulations including: Federal Energy Regulatory Commission (FERC); Commodity Futures Trading Commission (CFTC); Exchanges (CME, ICE, Nodal); Regional Transmission Organization (RTOs including but not limited to: PJM, NYISO, ISO-NE); North American Electric Reliability Corporation (NERC); and NERC Regional Entities.

The position will play a lead role in the development, execution, oversight and monitoring of the Compliance Program within PSEG ER&T. The primary responsibilities include: 1) Development and management of compliance for all the high risk processes; 2) Oversight, monitoring and documentation for ISOs and various regulatory agencies; 3) Leading the ongoing day-to-day duties designed to monitor, identify and maintain compliance with applicable PSEG ER&T related regulations; 4) Work with PSEG’s Corporate Compliance & Ethics Officer and other members of the Legal Department to conduct internal reviews.

Duties include, but are not limited to: 1) Conducting Compliance Reviews within PSEG ER&T. These reviews will assess whether departmental processes are documented, reviewed, updated regularly, and are in compliance with applicable policies, practices, procedures standards and laws. The findings and corrective action(s) will be communicated to process owners and management; 2) Investigating compliance matters; 3) Fostering a culture of compliance, by encouraging the reporting of any issue or violation of policy; 4) Overseeing timely resolution of policy; 5) Serving as the contact for internal and external inquiries from various organizations including government agencies, audit firms and industry associations.

Responsibilities:

  • Create and maintain company policies and procedures for sale and trading as needed

  • Assist Legal and Continuous Improvement to identify, develop, and implement the required annual and ad hoc training to meet all regulatory and compliance requirements

  • Establish a comprehensive and effective compliance and operational control program across PSEG ER&T

  • Support and collaborate with the Legal Department in monitoring compliance changes and enforcement cases by the applicable regulatory agencies. Communicate information with the Front Office to ensure PSEG ER&T’s compliance with the changes

  • Responsible for compliance oversight, process administration, and rule/standard impact assessments within PSEG ER&T

  • Management of the compliance program at PSEG ER&T and recommend/facilitate process updates

  • Develop, execute, and manage formal compliance review plan, to review adequacy of processes/procedures.

  • Collaborate with the Legal Department to update policies and procedures

  • Manage formal compliance desk reviews and implement quarterly compliance trading desk meetings

  • Implement a comprehensive compliance training program, including mandatory training for new hires

  • Responsible for the review and timeliness of compliance monthly, quarterly, and annual regulatory reports (FERC, EIA, CFTC, etc.) including updates to management

  • Support regulatory and lead compliance investigations, and co-ordinate PSEG ER&T’s response

  • Assist PSEG ER&T in selecting and implementing a Trade Surveillance system to track, monitor, and report suspicious trade activity.Required Skills, Competencies, Education and Experience:

  • Bachelor's degree in related field of study

  • Minimum 7 years of experience in trading, internal control, compliance or operational risk.

  • Experience in an energy trading environment, Regulatory/Operational Risk is essential

  • Self-starter skills and competencies are essential for the role

  • Knowledge of RTO/ISOs, futures exchange operations, trading, risk management and commodity regulations

  • Ability to read, understand, and communicate complex legal, regulatory, and policy documents and effectively communicate with executive management, and other market participants

  • Able to provide guidance and support to Commercial and Functional teams to manage compliance and control risks

  • Proficiency with Microsoft Office Suites

  • Understanding of energy risk management and related internal controls

  • Strong research, critical thinking and analytic skills

  • Demonstrated interpersonal and analytical skills and a willingness to be “hands-on” problem solving

  • Experience working in a fast-changing environment with significant regulatory change

  • Proven ability to perform under pressure and/or opposition

  • Strong interpersonal skills and team working capabilities

  • Candidate must foster an inclusive work environment and respect all aspects of diversity

  • Successful candidate must demonstrate and value differences in others' strengths, perspectives, approaches, and personal choicesDesired Skills, Competencies, Education and Experience:

  • Masters or JD

  • Commercial trading/operations experience related to merchant generation and natural gas

  • Accredited professional risk and /or compliance certification (e.g. GARP, CCEP, etc.)

PSEG1000

As an employee of PSE&G or PSEG Long Island, you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.

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Business needs may cause PSEG to cancel or delay filling position at any time during the selection process

Public Service Enterprise Group (PSEG) is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legal protected characteristic. Legally protected characteristics included, race, color, religion, national origin, sex, age, marital status, sexual orientation, disability, or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.

Need to request an accommodation?

If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved hiring decision

Diversity at PSEG: Equal Opportunity Employer

PSEG is an equal employment opportunity employer and makes employment decisions, including but not limited to, hiring, firing, promotion, demotion, training, and/or compensation, on the basis of merit. Employment decisions are based on an individual’s qualifications as they relate to the job under consideration. PSEG's policy prohibits unlawful discrimination based on sex (which includes pregnancy, childbirth, breastfeeding, or related medical conditions, the actual sex of the individual, or the gender identity or gender expression), race, color, religion, including religious dress practices and religious grooming practices, sexual orientation, national origin, ancestry, citizenship, marital status, familial status, age, physical disability, mental disability, medical condition, genetic information, protected veteran or military status, or any other consideration made unlawful by federal, state or local laws, ordinances, or regulations.

Need to request an accommodation?

If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.

PSEG is committed to complying with all applicable laws providing equal employment opportunities. This commitment applies to all persons involved in the operations of the Company and prohibits unlawful discrimination by any employee of the Company, including supervisors and co-workers.