Trade Compliance Regulatory Analyst

Determined imaginative curiousif these are some of the ways you describe yourself we want to learn more about you!

At TC Energy we are proud to connect the world to the energy it needs. Guided by our values of safety in every step personal accountability one team and active learning we deliver the critical energy that North America and the world rely on while balancing reliability affordability and sustainability.

The Opportunity

Our Market Compliance and Energy Contracts team is seeking a detailoriented and initiative-taking Trade Compliance Analyst to support market compliance regulatory oversight and trade surveillance activities across physical and financial energy trading. This role is critical in ensuring thattrading activity aligns with applicable regulatory requirements internal compliance standards and market conduct expectations in a highly regulated commodity trading environment.

Reporting to the Manager Trade Compliance this role also supports a broad range of compliance risk and regulatory monitoring activities including oversight of position limits trade surveillance margining KYC and regulatory reporting obligations. The successful candidate will work closely with Corporate Compliance Legal Trading Risk and Operations to analyze trading activity monitor regulatory risks support regulatory filings and inquiries and ensure the effectiveness of compliance controls across power and gas markets.

This position requires a strong understanding of energy market structures regulatory frameworks (including FERC CFTC and ISO/RTO rules) and datadriven risk identification as well as the ability to operate independently exercise judgment and proactively escalate issues in a fastpaced trading environment.

This role is intended for an intermediate level Analyst; however scope and complexity of responsibilities may be adjusted commensurate with the successful candidates experience.

What youll do

• 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 seniorlevel 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/RTOrequired 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 subjectmatter support to the Manager Trade Compliance including mentorship of junior team members participation in crossfunctional initiatives and support on ad hoc regulatory or risk matters.

Minimum Qualifications

• Bachelors 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 ruleviolation 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 problemsolving 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 deadlinedriven 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

Preferred Qualifications

• Understanding of physical and derivative natural gas trading regulations including relevant FERC and CFTC requirements

• Familiarity with swap reporting frameworks in the United States and Canada including reporting obligations data elements and coordination with trade repositories

• Prior experience supporting regulatory examinations audits assurance activities or internal control testing in a highly regulated environment

• Strong interest in datadriven compliance process improvement and enhancing regulatory and risk oversight through analytics

To remain competitive support our high-performance culture and allow for more flexibility in the way we work we offer a hybrid work model and flexible dress code for our eligible office-based workforce in Canada the U.S. and Mexico. #LI-Hybrid

About our business

We are a leader in North American energy infrastructure spanning Canada the U.S. and Mexico. Every day our dedicated team proudly connects the world to the energy it needsmoving over 30 per cent of the cleaner-burning natural gas used across the continent. Complemented by strategic ownership and low-risk investments in power generation our infrastructure fuels industries and generates affordable reliable and sustainable power across North America while enabling LNG exports to global markets.

TC Energy is an equal opportunity employer and participates in the E-Verify program supervised by the US government. We welcome applications from all qualified individuals regardless of race religion age sex color national origin sexual orientation gender identity veteran status or disability. We are also committed to providing accommodations throughout the recruitment process. Applicants requiring accommodations or accessible formats are encouraged to contact us at for support.

All applicants must have legal authorization to work in the country where the position is based without restrictions. Background screening is required for all positions which may include criminal and/or credit checks. Offers may be extended at a different level or job title that best aligns with the successful candidates qualifications.

Learn more

Visit us at and connect with us on our social medial channels for our latest news employee stories community activities and other updates.

Thank you for considering TC Energy in your career journey.