Jobs and Careers

Team Lead/Manager - Clearing, Collateral, Contracts & REC's

RWE

United Statesfull_timeVerifiedPosted 28 Oct 2024

About the role

RWE Supply & Trading Americas, LLC, Chicago

To start as soon as possible, full time / part time, permanent

Functional area: Administration

Your Future Plans

The Back Office US department at RWE Supply & Trading Americas (RWESTA) is responsible for numerous financial operations functions in the North American energy markets. We work closely with Front Office, Risk & Revenue Controlling, Corporate Finance & Treasury, Accounting, and Legal teams to provide comprehensive support throughout the lifecycle of a trade.
Currently we’re looking for a new Team Lead to manage one of our most exciting Back Office teams. Within the team we cover Cash Management, OTC Collateral, Clearing Operations for all exchange traded deals and ISOs, Standard Contracts invoicing, and Renewable Energy Credits (RECs). Our US Back Office main site is located in Chicago, with other offices located around the globe. The RWE headquarters are located in Essen, Germany. Due to the close collaboration with our other regional & global offices occasional business trips (domestic & international) are possible.
Do you have a keen interest in Financial markets? Have you gained some Energy market knowledge in your job or through qualifications? If so, this could be the opportunity for you!

In your new role the key responsibilities will include:

Lead a newly formed team of 4+ Analysts ranging from Junior to Senior in skill level
Provide guidance to team members and help develop overall skillset
Conduct regular 1-to-1’s and handle regular performance reviews
Manage the processes for daily margin calls, valuation reviews, dispute handling, reconciliation, and settlements.
Oversee invoicing and accruals of monthly Standard Contracts & RECs
Correspond with FCM, CCP’s, Banks, Brokers and external counterparties
Act as a primary Credit contact for all ISO’s and post collateral as needed
Organize testing & collaborate with Technology teams to enhance applications as well as automate manual processes
Build efficient processes that are scalable and ‘fit for future’
Ensure timely & accurate invoicing of internal/external customers across various markets
Collaborate with other leaders on various projects

Your Powerful Skills
Do you have a keen eye for detail and exceptional organizational skills?
Key requirements include:

7+ years relevant work experience
Degree in Economic, Finance, Business Admin, or similar work experience
Provide exceptional leadership skills with meticulous attention to detail
Excellent problem-solving and analytical skills
Extremely well organized and able to work tight timeframes under pressure
Passion for developing young talent to help those under you advance in their careers
Collaborative team player with excellent interpersonal skills
Intermediate knowledge of MS Office (including Excel, Word, PowerPoint and Outlook)

Advantageous, not a must

Experience or familiarity with daily margin calls, cash & collateral management, or REC’s
Basic knowledge of IT software such as PCI, ENDUR, and SAP
Understanding of energy settlements and the deal lifecycle
Relevant work experience in the clearing, cash management, or energy business

Our offer
Join an international leading energy trading house in a huge period of growth. Our department gives you the opportunity to gain a thorough understanding of the end-to-end trade lifecycle in an energy trading house from trade execution to settlement. Once you have spent some time with us, your knowledge about various commodities such as renewables, coal, biomass, LNG, gas and power will have vastly developed.
In addition, you’ll enjoy a competitive salary, performance-based bonus, and benefits package including: