Manager, Middle Office (Winnipeg)

Manager, Middle Office (Winnipeg)

07 Aug
|
Citco
|
Winnipeg

07 Aug

Citco

Winnipeg

Clearlight Energy, one of North America’s leading private renewable energy companies, operates more than 5,600 MW across 52 assets consisting of utility scale solar, wind, battery storage and renewable natural gas in North America. Approximately 5,100 MW of its operations are located in the U.S., across NYISO, MISO, PJM, ERCOT and CAISO markets, with the remaining 500 MW located in Canada. The Company is headquartered in Oakville, Ontario with employees in both Canada and the United States.Clearlight Energy focuses on providing operational excellence to supply critical energy capacity and meet growing demand. Additionally, it has a 1,200 MW development pipeline of additional renewable resources to support grid reliability and decarbonization.The Company follows a hybrid work model, with employees in the office from Tuesday through Thursday.About the RoleAs the Manager of Middle Office, you will be the focal point for all post-trading activity, and you will ensure that the trading activities are accurately managed. You will work closely with other functions such as trading, finance, legal and IT and you will be the Company’s primary contact person with external parties. This position reports to the Director of FP&A.Job ResponsibilitiesA Middle Office Manager oversees the Settlement team and processes that sit between the front office (revenue‑generating roles like sales, trading, origination) and the back office (accounting, admin).Trading Process,



Control and Risk ManagementEnsure the accuracy and completeness of trade capture by overseeing the end‑to‑end lifecycle of trades from execution to settlement, ensuring smooth workflow between front office, middle office, back office, and external counterpartiesManage and optimize daily operational procedures for trade capture (maintain trade blotter), validation, and provide deal confirmationManage exposure for all trading portfolios, including mark‑to‑market (MtM) calculations and potential future exposure analysisLead the reconciliation of trading positions and ensure consistency between front, middle, and back‑office systemsIdentify process improvements, working with cross‑functional teams to enhance controls and implement automation solutions within the Middle Office.Act as a primary resource for traders and accountants, addressing and resolving inquiries related to settlements, positions, and financial outcomesEnsure completeness in the deals that need to settle each monthTrading ControlMonitor adherence to established trading limits and escalation procedures for limit breachesIdentify control gaps and implement corrective actions to strengthen the control environmentSettlements/ComplianceOversee the preparation and submission of FERC regulatory filingsManage the monthly settlement of energy and REC hedges and calculation and verification of the amounts owed or due.Partner with accounting for precise month‑end reporting, specifically managing REC inventory reconciliation.Perform RECs / RINs/ LCFS units tracking and deliveryProvide operational oversight to ensure transactions are accurate, compliant, and properly managedReview P&L and valuation – prepare risk and performance reports for leadership.QualificationsBachelor’s degree in finance, Business or relevant fieldHave at least 5 years of relevant experience, preferably in energy and/or risk managementPrior Middle Office experience including familiarity with MTM, Hedges, Forward Transactions and related reportingPrior experience in a Treasury related role is an assetInterest in the energy/power industry as a wholeStrong proficiency in Python, SQL, Microsoft Excel and related applicationsFamiliarity with commonly traded financial products, including Swaps, Futures, options and PPAs, and renewable energy credits, preferredFamiliarity with ISDA trade docs, preferredStrong attention to detail, ability to work with a dynamic team, as well as individually in support of the overall company and department goalsThis is a recent vacancy.The Company does not use artificial intelligence (AI) in the screening, assessment, or selection of applicants.Typical hiring range for this position is between $120,000 - $170,000 per year, depending on experience and qualifications. The Company offers annual bonus, group benefits and RSP program.#J-18808-Ljbffr

📌 Manager, Middle Office (Winnipeg)
🏢 Citco
📍 Winnipeg

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