Job Details

We're committed to being the clean energy leader in Louisiana. By investing in renewables likesolar and utilizing carbon capture and sequestration technology to make our air cleaner, we're in this for the long haul, because our state and future generations depend on it. Come be a part of our journeyat Cleco where we're Energizing Your Tomorrow.The Middle Office Advisor leads activities to provide governance and control oversight to ensure adherence to market and credit risk management policies, procedures, controls and limits, and acts as a Middle Office thought leader for the company. The incumbent leads the definition of processes for operational control oversight of commodity transactions for risk validation and monitoring. The incumbent manages periodic review and updates to all Risk Management policies, procedures, controls and limits. The role develops and manages procedures for SOX and operational risk controls. The incumbent serves as a mentor for and provides day-to-day guidance to staff with Commodity Control responsibilities.Key ResponsibilitiesLead the control and governance structure for segregation of duties, front office and middle office; maintain segregation of transactions and reporting across the businessOversee development of operational risk control procedures; manage the independent monitoring and risk validation of commodity transactionsPartner with front office and quantitative risk regarding commodity transactions, transaction delegation of authority and risk limits usage; maintain compliance with risk related SOX and operational controls as well as conformance with hedge programs and strategies as approved by the Energy Market Risk Management Committee (EMRMC)Develop regular training programs and promote collaboration and knowledge sharing with other functions, e.g., front and back officeRespond to inquiries from internal and external audit; assist with review of 10Q and 10K disclosures; manage the timely and accurate booking of commodity transactions in the ETRM system; investigate and report violations with delegation of authority or transaction booking errorsSupport the EMRMC and Treasurer with periodic review of Risk Management policies, procedures, processes, controls and limits, maintaining and updating Risk Policies and Procedures; perform periodic and ad-hoc credit reviews; participate in and lead discussions at meetings of the EMRMCManage compliance/reporting of commodity transactions with regulatory (CFTC and Exchange) requirements; liaise with legal team for review of new commodity contracts and with quantitative risk to analyze transactions and support reporting of risk metricsDefine Energy Trading and Risk Management (ETRM) system requirements and integrate ETRM systems into commodity control processes with an eye on continuous improvement; identify and integrate new technologies/current systems and analytical techniques to enhance/streamline controls and transaction management, and provide additional insights to drive business impactLead process automation and design by identifying areas to reduce routine manual tasks; develop, measure, monitor, and report KPIs, and KRIs on coverage for Cleco stakeholders and various management and stakeholder committeesDevelop solid business relationships by becoming a trusted source for front office, controllership and internal audit functions for matters related to commodity transactions recording and reportingLead team performing commodity control activities; serve as an escalation point for team to manage risk to daily activities and ensure business expectations, goals, and objectives are understood and metManage performance planning, development and coaching/mentoring of team members within the Commodity Control team in delivering exceptional performance with a customer-centric approachChampion a corporate culture that emphasizes transparency, integrity, safety, environmental responsibility, employee development, diversity and inclusion, customer service, and operational excellenceRequired SkillsCore knowledge of commodity control principles, and leading practices in commodity life cycle managementStrategic thinker with exceptional interpersonal skills; ability to work collaboratively with various external and internal groups and upper managementAbility to negotiate and influence with a consultative approachStrong planning, project management, communications, negotiation, writing, speaking, and listening skillsStrong analytical and critical thinking skills to interpret business, workforce and Finance KRAs/KPIs/metrics into actionable insights and decision makingProficient at functioning effectively within a team environment, present ideas and opinions in a respective and collegial manneKey Result Areas (KRAs)Increase daily monitoring of transactions and reporting of violationsImprove accurate preparation of mark to marketImprove processes using ETRM systemsRequired Education & ExperienceBachelor's and/or Master's degree in Finance, Business, or related field7+ years of related experience in Commodity Control & GovernanceExperience and ability to lead Commodity Control staffExperience with ETRM systems requiredKnowledge of gas, coal and power transactions and MISO power market preferredExcellent knowledge of MS Excel, VBA programming preferredThis level is based only on availability in approved org design/structure; strict adherence is requiredProgression to this level is strictly restricted based on critical individual capabilities and business requirementsLicenses and CertificationsCFA, GARP ERP, PRIMIA PRM preferredKey CompetenciesBEHAVIORALAttracts Top TalentDrives ResultsBalances StakeholdersDrives Vision & PurposeBuilds Effective TeamsEnsures AccountabilityBusiness InsightInstills TrustCommunicates EffectivelyNimble LearningCouragePlans & AlignsDemonstrates Self-AwarenessStrategic MindsetDevelops TalentSafetyTECHNICAL (Core for Function)Financial ModelingFinancial Reporting and Data AnalysisIndustry and Business KnowledgeRisk ManagementProject & Change ManagementBusiness PartneringPlanning, Forecasting, & BudgetingMay perform other duties as assigned.
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