Risk Control Analyst II

Engie • Houston, TX

14h • Hybrid

About The Position

As part of the ENGIE Energy Marketing North America (EEMNA) Risk team, under the supervision of the ENGIE Energy Marketing North America (EEMNA) Risk Director, as a New Product Approval (NPA) & Operational Risk Analyst, you report to NPA & Operational Risk Manager and own the day-to-day execution of the NPA process and the operational risk framework for the U.S. energy trading business. You partner closely with Front Office, Market Risk, Middle Office, IT, Compliance, Credit, Settlements, Legal, and Accounting to deliver disciplined NPA reviews, robust operational risk governance, and the full suite of supporting frameworks: RCSA, ERM, BIA, BCP, KRIs, and Operational Risk Capital. The position offers broad exposure to physical and financial energy trading activities, structured transactions, control design, and global coordination with ENGIE HQ in Europe.

Requirements

• Bachelor’s degree in Finance, Economics, Business Administration, Engineering, or a related field.
• A minimum of 2 years of experience in operational risk, internal audit, controls, middle office, or trading-floor risk, preferably within commodities, energy, or financial services.
• Exposure to NPA, RCSA, KRI, BIA/BCP, or operational risk capital processes is strongly preferred.
• Working knowledge of physical and financial energy products (power, gas, environmental, structured).
• Proficiency in risk management tools, ETRM systems (e.g., Aligne or equivalent), and data analysis (Excel, SQL, Power BI, Python is a plus).
• Strong analytical skills with the ability to translate data into clear conclusions and decisions.
• Clear, concise written and verbal communication; comfortable engaging Front Office, control functions, and senior leadership.
• Strong attention to detail, organization, and follow-through on multiple parallel workstreams.
• Ability to operate independently and as part of a small, high-trust team.
• Ability to manage multiple projects in a fast-paced trading environment.
• Adherence to company policies, procedures, and applicable regulatory standards (e.g., FERC, CFTC, NERC, SOX where applicable).

Responsibilities

• Own end-to-end coordination of the NPA process across Light, Full, and Project NPAs, from intake through approval, conditions tracking, and post-implementation review.
• Perform pre-assessment reviews of new products, markets, counterparties, instruments, and trading strategies; structure the scope of each NPA accordingly.
• Facilitate cross-functional NPA working sessions with Front Office, Market Risk, Middle Office, IT, Compliance, Credit, Settlements, Legal, Tax, and Accounting.
• Identify control gaps and system-readiness issues; document required remediations, conditions of approval, and target dates.
• Maintain the NPA pipeline, approval log, and conditions register; report status to the EEMNA Risk Committee and to ENGIE HQ.
• Coordinate with ENGIE Global Risk on cross-border NPA reviews and alignment with group-wide product governance standards.
• Identify, assess, and monitor operational risks across trading activities, systems, processes, third parties, and people.
• Manage the operational risk incident lifecycle: capture, classification, root cause analysis, remediation tracking, and lessons learned.
• Maintain the operational risk event database and ensure timely escalation of material incidents to management and HQ per group policy.
• Support the calculation, monitoring, and periodic update of Operational Risk Capital requirements, including maintenance of methodology, scenarios, and supporting documentation.
• Drive control enhancement initiatives in partnership with process owners; verify design and operating effectiveness of key controls.
• Coordinate the annual RCSA cycle: process inventory, risk identification, control assessment, residual risk rating, and action plan tracking.
• Define, monitor, and report Key Risk Indicators (KRIs); investigate breaches and recommend corrective actions.
• Execute Business Impact Analysis (BIA) and support the Business Continuity Planning (BCP) program, including test exercises and after-action reporting.
• Maintain risk and control documentation, taxonomies, and governance artifacts in the EEMNA risk system of record.
• Contribute to the development and continuous improvement of operational risk policies, procedures, and standards.
• Assess risks tied to trading platforms, market data, valuation engines, settlement systems, and end-user computing tools.
• Partner with IT and the business on system enhancements, UAT, change-management reviews, and post-implementation validation.
• Identify automation and process-improvement opportunities that strengthen controls and reduce manual risk exposure.
• Coordinate with ENGIE global teams and HQ functions in Europe to support governance alignment, NPA reviews, and group-wide framework rollouts.
• Prepare presentations, governance materials, and management reporting for the EEMNA Risk Committee and senior stakeholders.
• Translate technical risk topics into clear, decision-ready briefings for non-risk audiences.

Benefits

• Medical, dental, vision, life insurance
• Employer-paid short-term and long-term disability insurance
• ESPP
• Generous paid time off including wellness days, holidays and leave programs
• 401(k) Retirement Savings Plan with a company match
• Supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level