Manager, Middle Office - 6+ Months

Our client is one of North America’s leading private renewable energy companies and operates more than 5,600 MW across 52 assets consisting of utility scale solar, wind, battery storage and renewable natural gas in North America. They are looking for a Manager of Middle Office to join them on a 6 month contract. The role is hybrid with 3 days in office (Tuesday, Wednesday and Thursday) located in Oakville.

As the Manager of Middle Office, you will be the focal point for all post-trading activity, and you will ensure that the trading activities are accurately managed. You will work closely with other functions such as trading, finance, legal and IT and you will be the Company’s primary contact person with external parties. The role does report to the Director of FP&A.

Key Responsibilities:

Trading Process, Control and Risk Management:

• Oversees the Settlement team and processes that sit between the front office (revenue-generating roles like sales, trading, origination) and the back office (accounting, admin).
• Ensure the accuracy and completeness of trade capture by overseeing the end-to-end lifecycle of trades from execution to settlement, ensuring smooth workflow between front office, middle office, back office, and external counterparties.
• Manage and optimize daily operational procedures for trade capture (maintain trade blotter), validation, and provide deal confirmation.
• Manage exposure for all trading portfolios, including mark-to-market (MtM) calculations and potential future exposure analysis.
• Lead the reconciliation of trading positions and ensure consistency between front, middle, and back-office systems.
• Identify process improvements, working with cross-functional teams to enhance controls and implement automation solutions within the Middle Office.
• Act as a primary resource for traders and accountants, addressing and resolving inquiries related to settlements, positions, and financial outcomes.
• Ensure completeness in the deals that need to settle in each month.

Trading Control:

• Monitor adherence to established trading limits and escalation procedures for limit breaches.
• Identify control gaps and implement corrective actions to strengthen the control environment.

Settlements/Compliance:

• Oversee the preparation and submission of FERC regulatory filings.
• Manage the monthly settlement of energy and REC hedges and calculation and verification of the amounts owed or due.
• Partner with accounting for precise month-end reporting, specifically managing REC inventory reconciliation.
• Perform RECs / RINs/ LCFS units tracking and delivery.
• Provide Operational oversight to ensure transactions are accurate, compliant, and properly managed.
• Review P&L and valuation - Prepare risk and performance reports for leadership.

Must Have:

• Bachelor’s degree in finance, Business or relevant field.
• Have at least 5+ years of relevant experience, preferably in energy and/or risk management.
• Prior Middle Office experience including familiarity with MTM, Hedges, Forward Transactions and related reporting.
• Prior experience in a Treasury related role is an asset.
• Understanding of Python, SQL, Microsoft Excel and related application.
• Familiarity with commonly traded financial products, including Swaps, Futures, options and PPAs, and renewable energy credits, preferred.
• Strong attention to detail and accuracy.
• Excellent verbal and written communication skills.
• Ability to work well with a dynamic team as well as individually.

Additional Information:

The Mason Group is committed to fostering a diverse, inclusive, and accessible recruitment process. We welcome applicants from all qualified candidates. Accommodations are available upon request for candidates participating in all stages of the recruitment process, in accordance with the Accessibility for Ontarians with Disabilities Act (AODA).

This role is for an immediate vacancy, and we are actively hiring.

Technology-assisted screening tools including AI may be used during the recruitment process; however, all applications are reviewed by our Consultants.

If you are already registered with The Mason Group, please contact your Recruiting Consultant directly with reference to job #20886.

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