America’s Premier Power Generation Company
... Creating Power for a Sustainable Future
At Calpine, we give you the tools you need to chart your own
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learn from power industry leaders.
Whether you are a student seeking an internship that offers
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Our learning and development platforms and educational
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their own potential in a dynamic and rewarding industry.
Requisition Number 20-0170
Title Director Compliance
Job Family Legal
Employee Type Regular
Subject to DOT Regulations No
Percent of Travel Required 0
Relocation Provided No
Location Houston Office
Description Responsible for the effective implementation of the
organization's compliance reporting activities with an emphasis on
federal reporting including Electric Quarterly reports, resource
adequacy, CARB reporting and trading operations. Responsible for
technology & processes utilized to assemble the various regulatory
reports provided to external regulators and Swap Data
This would include managing any accuracy checks. Candidate will
use a deep analytical skill set to leverage deal life cycle events
and understand how that impacts reports, risk and compliance
analytics. Should be comfortable with reviewing, documenting,
investigating, and evaluating transactions in support of Calpine’s
Compliance activities. Knowledge of commercial business model, Swap
Data Repository reporting and wholesale/retail trading will be
critical to applying any interpretative guidance regarding
commercial compliance and related compliance analytics. Works to
execute on department objectives and integrates regulatory
reporting standards into compliance area. Will work closely with
peer level operational management in providing advice on the
interpretation and implementation of compliance policies and in
evaluating the compliance implications of planned business
activities or process changes.
Also responsible for ensuring effective remediation of
non-compliant situations within its assigned areas, through the
re-design or processes and testing of their effectiveness.
-As a member of the Compliance team for a large independent
power producer, the candidate will work with commercial operations
and settlements to ensure compliance with rules set forth by the
various external regulatory organizations, including FERC Electric
-Serve as a liaison between the company and regulatory entities,
which may include FERC, NERC, RROs, RTOs, CFTC, and other entities,
on compliance-related needs including but not limited to reporting
-Participate in the development, implementation, and maintenance
of company compliance efforts which cover procedure updates,
evidence gathering and management, and tracking of requirements and
reporting established by external agencies.
-Plan, develop, and implement training programs for commercial
desk personnel to ensure compliance with rules established by the
various regulatory agencies.
- Collaborate with subject matter experts to prepare responses
to regulatory requests for information, including but not limited
to compliance audits, spot-checks, and self-certifications.
-Conduct departmental self-assessments to identify gaps and work
with applicable personnel to implement mitigation plans to address
potential concerns in a timely manner.
-Research new and emerging regulatory activities affecting the
company and update impacted business groups and Senior Management
-Facilitate company outreach to promulgate information related
to the Compliance Program to ensure that affected Parties are
knowledgeable and up-to-date with all requirements.
- Assist deal clearing in the confirmation and tie-out of
Financial Swaps as reported into the Swap Data Repository versus
Allegro, Calpine’s ETRM system.
- Work with the Allegro team to enhance existing Dodd Frank
reporting and monitoring (e.g., deminimis, special entity and PET
-Assist in the development, tracking, calculating and reporting
of corporate compliance metrics to Senior Management.
-Demonstrate adherence to the company’s Code of Conduct, all
company policies and procedures, and all laws and regulations that
govern the company.
-Some travel required to participate in industry forums, and
also to regional offices/plant sites to perform compliance
assessments, gap analyses, mock audits, audit preparation and
training of plant personnel.
-Perform other duties as assigned.
Requirements - Bachelor’s Degree required with at least ten
years combined experience working in an energy trading arena and/or
compliance related field.
- Demonstrable capability in excel, VBA, data mining, analytical
forecasting, programming (Java, J2EE, C/C++, .Net, PL/SQL, R) and
database systems such as NoSQL, SQL Server and Oracle.
- Experience managing compliance issues with regulations
approved by FERC, NERC, the eight Regional Entities, regional
transmission organizations (RTO), and state agencies.
- Experienced and familiarity with the data fields associated
with Regulatory reporting to FERC, NERC, ISO/RTO, State PUCs and
Swap Data Repositories such as Trade Vault and DTCC.
- Data and position analysis background in energy trading,
specifically natural gas and power
- Data mining experience and Cube experience relating to Allegro
or other comparable Energy Trading and Risk Management system
- Occasional attendance at regulatory conference.
SPECIFIC SKILLS AND KNOWLEDGE REQUIRED
- Ability to analyze large amounts of data and compile
information as evidence to demonstrate compliance with applicable
- Excellent writing and analytical skills and an ability to
communicate information in both formal and informal settings.
- Experience working with front office personnel
- Thorough knowledge of English composition principles and
familiarity with technical industry terminology.
- Strong interpersonal skills and ability to work in both team
environments and independently.
- Ability to manage multiple deadlines and set work priorities
- Proficiency with Office applications.
- Strong organizational skills and attention to detail.
Equal Opportunity Employer of Minorities, Females, Protected
Veterans, and Individuals with Disabilities.
Calpine is committed to Equal Employment Opportunity and
providing reasonable accommodations to applicants with physical
and/or mental disabilities. If you are interested in applying for
employment and need special assistance or an accommodation to use
our website or to apply for a position, please send an e-mail with
your request to email@example.com. Determination on
requests for reasonable accommodation are made on case-by-case
Please view Equal Employment Opportunity Posters provided by
OFCCP here .