Middle Office Analyst - Level III or Sr

Level III Salary Range: $86,900-$130,400

Level Sr Salary Range: $114,900-$172,400

Compensation is determined by a combination of factors, including but not limited to education, work experience, and certifications. The actual offer may vary, reflecting the candidate's unique blend of experience, educational background, and skill level.

The Middle Office Analyst III is responsible for driving the effective execution of middle office functions that connect the front office (trading and portfolio management) and the back office (settlements and accounting). This role plays an integral part in ensuring operational efficiency, regulatory compliance, and risk management by performing advanced analyses, optimizing processes, and supporting decision‑making across energy markets and financial operations.

As an experienced professional, the Middle Office Analyst III takes ownership of complex projects, identifies areas for process improvement, and collaborates with cross‑functional teams to implement solutions. This position requires strong analytical, technical, and communication skills, as well as a solid understanding of energy markets, risk management practices, and industry regulations.

• Operational Support
• Perform daily calculations and validations for key metrics, such as Mark‑to‑Market (MtM), Margin‑at‑Risk (MaR), Value‑at‑Risk (VaR), and credit exposure.
• Monitor daily power supply portfolio costs and net positions to ensure accuracy and adherence to risk guidelines.
• Validate trade data and transactions to identify discrepancies and support error resolution.
• Risk and Performance Analysis
• Conduct quantitative and qualitative analyses to identify risks (market, credit, operational) and performance trends in energy trading and portfolio management.
• Prepare and deliver routine and ad‑hoc reports, including Key Performance Indicators (KPIs), to assist senior analysts and leadership in decision‑making.
• Support compliance with hedging policies by identifying and reporting deviations to senior team members.
• Process Improvement
• Assist in identifying inefficiencies in middle office workflows and recommend process improvements.
• Collaborate with cross‑functional teams and IT staff to implement updates and enhancements to trading, risk management, and reporting systems.
• Contribute to the refinement of internal controls and procedures to ensure operational accuracy and alignment with organizational objectives.
• Data Integrity and Reporting
• Ensure data accuracy and completeness across systems used for energy trading, risk management, and financial reporting.
• Generate routine reports, including profit and loss (P&L), compliance documentation, and risk exposure summaries, for internal and external stakeholders.
• Perform data validation and reconciliation to ensure high‑quality reporting outputs.
• Compliance and Controls
• Support the enforcement of internal controls to maintain compliance with regulatory standards (e.g., FERC, NERC).
• Assist senior analysts in preparing documentation and materials for audits and regulatory reviews.
• Stay updated on compliance requirements and ensure middle office practices align with industry standards.
• Market Knowledge and Collaboration
• Stay informed about MISO market operations and energy market trends to anticipate potential risks and opportunities.
• Collaborate with other departments, including front office and back office teams, to facilitate seamless communication and alignment on organizational goals.
• Build relationships with external stakeholders, including market operators and auditors, as required.

Level III: Bachelor’s degree in Finance, Economics, Accounting, Business Administration, or a related field is required, MBA preferred. Minimum of five (5) years of relevant experience in financial analysis, energy trading, risk management, or related fields. Experience with in the electric utility or energy sector is strongly preferred.

Sr. Level: Bachelor’s degree in Finance, Economics, Accounting, Business Administration, or a related field is required, MBA preferred. Minimum of eight (8) years of relevant experience in financial analysis, energy trading, risk…