Manager, Natural Gas Trading and Marketing

Waste Management, Inc. (WM)•Houston, TX

9h•Hybrid

About The Position

This individual will serve as the lead trader for WMRE’s natural gas portfolio, while providing support for the monetization of WMRE’s D3 RIN portfolio. They will be recognized across the organization for their expertise with experience across natural gas, pipeline capacity and environmental attributes. Prior experience in developing new business, managing client relationships and managing Natural Gas commodity portfolios. Understands financial risk management, physical natural gas pipeline scheduling and logistics as well as legal/ contractual requirements when executing transactions. Able and willing to sell/market/trade on their own. The role works closely with plant operations, pipeline operators, risk and settlements, and environmental teams.

Requirements

Bachelor's Degree (accredited) or in lieu of degree
High School Diploma or GED (accredited)
four years of relevant work experience
5 years relevant experience in Natural Gas Markets (in addition to education requirement).
Prior experience with commodity trading (RIN trading experience is a plus)
Strong character, able to cope successfully with demanding and fast-paced energy environment.
Effective communicator with the ability to lead and influence others.
Attention to detail and commercially focused
Aligning Performance for Success – Focusing and guiding others in accomplishing work objectives.
Building Partnerships – Identifying opportunities and taking action to build strategic relationships between one’s area and other areas, teams, departments, units or organizations to help achieve business goals.
Building Trust – Interacting with others in a way that give them confidence in one’s intentions and those of the organization.
Coaching and Developing Others – Providing feedback, instruction and development guidance to help others excel in their current or future job responsibilities; planning and supporting the development of individual skills and abilities.
Decision Making – Identifying and understanding issues, problems, and opportunities; comparing data from different sources to draw conclusions; using effective approaches for choosing a course of action or developing appropriate solutions; taking action that is consistent with available facts, constraints, and probable consequences.

Nice To Haves

RIN trading experience is a plus
Experience with cash trading
Hands on pipeline scheduling experience, including standard scheduling windows and balancing with pipelines

Responsibilities

Oversee a trading book to generate revenue and manage risk across the company’s 24 natural gas production sites across the US and Canada
Execute daily and monthly physical trades (fixed price, index price, and location price differences) and use financial instruments to manage risk
Responsible for advising management on sales, trading, and hedging strategies
Evaluate financial and operational impact of potential transactions and make recommendations to leadership for transactions with VAR in excess of DOA
Work within risk limits, keep clean profit and loss records, and ensure timely trade capture, confirmations, and settlements
Oversee deal entry into WMRE’s ETRM system
Monitor pipeline notices, outages, and constraints to adjust positions accordingly
Familiar with Natural Gas transaction systems (Nymex, ICE, NGX) as well as Over-the-Counter transactions.
Negotiate gas purchase agreements with marketers supplying feed gas to production facilities
Build and maintain relationships with partners, counterparties, traders, and brokers on behalf of WMRE
Work in conjunction with the Manager of Gas Scheduling and Trading to optimize WMRE’s portfolio of pipeline capacity
Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance in order to ensure appropriate governance and control infrastructure
Researches short and medium term market activity / trends and develops a strategic and tactical plan to monetize WM’s Natural Gas portfolio, in the US and Canada
Experience with scheduling Natural Gas
Responsible for business development and origination of Natural Gas deals to optimize the portfolio of assets
Capture value from optimizing price differences at hubs such as Houston Ship Channel, Waha, and Carthage
Contribute to monthly index strategy and negotiations with counterparties, aligned with risk and credit guidelines
Coordinate with credit on counterparty approvals and collateral/margin needs
Use available transport and storage contracts (firm and interruptible), manage capacity transfers, and prioritize scheduling rights
Good understanding of Natural Gas pipeline systems in the US and North East Canada
Works closely with WM functions in plant operations, compliance and regulatory to establish and understand the natural gas position available for sale and purchase
Works with WMRE senior management to establish strategy and resources as appropriate
Prior experience working with mid and back office employees systems
Other duties as assigned