Middle Office Manager, Gas & LNG

About the role

The Manager, Middle Office Risk & Controls leads a team of 3–5 Middle Office Analysts responsible for independent position, profit and loss (P&L), risk reporting, and control functions supporting TGPNA's Natural Gas, LNG, Power, and related commodity trading activities. The role serves as a critical partner to Front Office leadership by providing risk oversight, analytics, valuation, controls, and commercial insights that support informed decision-making while ensuring compliance with internal policies and regulatory requirements.

The position oversees risk control activities across:

• North American natural gas physical and financial trading, marketing, transportation, and storage
• LNG marketing, trading, storage, transportation, and liquefaction capacity management
• Sales and marketing of petcoke, sulfur, and other dry bulk commodities produced by affiliates and third parties
• Related commercial agreements, including sales and purchase agreements, transportation contracts, and storage arrangements

Responsibilities

• Lead, coach, develop, and manage a team of Middle Office Risk Control Analysts, fostering a high-performance culture focused on accuracy, accountability, and continuous improvement
• Manage departmental resources, workload prioritization, performance management, and employee development
• Conduct performance evaluations, establish development plans, and support career progression of team members
• Partner closely with Front Office personnel to evaluate the risk impact of trading and commercial transactions, supporting business growth through effective risk analysis and oversight
• Develop and maintain a deep understanding of commodity market structures, trading strategies, valuation methodologies, and risk exposures across Gas, LNG, Power, and Dry Bulk trading activities
• Lead independent risk assessments and provide actionable insights to support commercial decision-making
• Assess and report key risk metrics, including Value-at-Risk (VaR), Maximum Loss, stress testing, exposure analysis, and other relevant measures
• Ensure all trading activities are accurately captured, modeled, valued, and reported within risk management systems
• Oversee the preparation and review of daily position, P&L, and risk reports for management and business stakeholders
• Ensure the completeness, accuracy, and timeliness of internal and regulatory reporting requirements
• Present trading results, exposures, and emerging risks to senior management and key stakeholders
• Monitor compliance with trading authorities, risk limits, and internal control requirements
• Investigate and escalate breaches, control exceptions, and non-standard transaction requests as appropriate
• Develop, implement, and enhance Middle Office policies, procedures, controls, and governance frameworks to support business growth and changing market conditions
• Ensure compliance with applicable regulatory requirements, company policies, and established risk management standards
• Oversee identification, reporting, and remediation of operational risk incidents, near misses, and control gaps
• Evaluate transactions involving new commodities, delivery locations, trading strategies, or risk management structures
• Participate in new product approval processes, assessing liquidity, valuation methodologies, operational readiness, and ongoing monitoring capabilities
• Provide risk guidance for new business initiatives, market opportunities, and commercial structures
• Collaborate with Operational Compliance, Operational Risk, Back Office, Finance, Credit, Legal, Internal Controls, and Trading Systems teams to ensure consistent risk governance and operational excellence
• Support enhancements to trading, risk management, and reporting systems to meet evolving business requirements
• Serve as the primary point of contact for trading-related risk inquiries and complex transaction modeling
• Coordinate with global Middle Office teams in Geneva and Singapore to promote consistency across risk management processes, controls, and reporting standards
• Lead initiatives to optimize Middle Office processes, controls, reporting capabilities, and operational efficiency
• Manage system upgrades, integrations, maintenance projects, and risk management technology enhancements
• Support cybersecurity and data protection efforts related to trading and risk management platforms
• Drive continuous improvement initiatives to strengthen controls, eliminate identified risks, and improve reporting quality

Accountabilities

• Ensure accurate and independent position, P&L, valuation, and risk reporting for all TGPNA Gas & LNG trading activities
• Maintain robust risk controls and governance processes that evolve with business growth and market complexity
• Provide transparent reporting of risk exposures, control issues, and operational concerns to senior management
• Support strategic and commercial decision-making through effective risk analysis and communication
• Foster strong working relationships across Front Office, support functions, and global Middle Office teams
• Ensure full compliance with the Company's Code of Conduct, Business Integrity standards, and applicable regulatory requirements

Qualifications

• Bachelor's degree in Accounting, Finance, Mathematics, Economics, or a related business discipline required
• Master's degree and/or relevant professional certification preferred
• Strong understanding of the energy industry, commodity trading, macroeconomic principles, risk management, and modern financial concepts
• 5 to 7 years of experience within a commodity trading organization, preferably in a mid-office or risk management function; prior supervisory or team leadership experience preferred
• Demonstrated experience with North American Natural Gas and LNG markets, including knowledge of natural gas transportation and storage, physical and financial trading, and dry commodity markets
• Strong analytical, quantitative, and technical problem-solving skills, with the ability to interpret complex market and trading data
• Excellent interpersonal, verbal, written, and presentation communication skills, with the ability to effectively engage stakeholders across all levels of the organization
• Proven ability to thrive in a fast-paced, high-pressure trading environment while managing multiple priorities and meeting critical deadlines