Senior Market Monitor - Climate (Financial Examiner 4)

Senior Market Monitor - Climate

The Department of Ecology is hiring a Senior Market Monitor - Climate (Financial Examiner 4) within the Climate Pollution Reduction Program (CPRP). This position is located in Lacey, WA. Upon hire, you must live within a commutable distance from the duty station. This position is eligible for telework and flexible schedule options. A minimum of one day per week is required in the Lacey, WA office. On an infrequent basis, additional Cap-and-Invest market events such as auctions may require in-person work. Schedules are dependent upon position needs and are subject to change.

The Senior Market Monitor role is part of the Auctions and Market Section of the Cap-and-Invest Program. This work is critical to the state's efforts to address climate change, decarbonize the economy, and prepare Washington for a leadership role in the green economy of the future. You and your team are tasked with successfully managing allowance auctions and trading to ensure a free and fair cap-and-invest market. Other responsibilities include developing proposed improvements to the market program based on performance, economic and policy analyses, and lessons learned from other jurisdictions, and producing reports and revenue forecasts related to the Cap-and-Invest program for the agency, the Governor's office, and the Legislature.

The primary emphasis of your role as Senior Market Monitor will be to complete market surveillance of participants in the cap-and-invest market coming from the financial sector or 'general market participants' through the following duties :

• Ensure Cap-and-Invest entities are in compliance with state and federal laws and industry standards in partnership with federal agencies (e.g., Internal Revenue Service, Securities and Exchange Commission, and Commodity Futures Trading Commission); market operators (e.g., the Intercontinental Exchange (ICE) and Nodal); and relevant state agencies (e.g., the State Attorney General's office).
• Maintain contact with futures markets that list relevant futures contracts and use your expert judgement to review futures and bilateral allowance and offset contracts.
• Apply your knowledge of environmental markets and finance to closely review and monitor complex financial market participants as they join and participate in Washington's cap-and-invest market.
• Identify and propose regulatory options to minimize regulatory arbitrage across jurisdictions and markets.
• Regularly revisit the program's approach to market monitoring and seek out potential improvements.
• Evaluate financial records and documents across financial and other market entities that are connected through corporate association groups as defined by regulation.
• Maintain an up-to-date understanding of finance, commodity markets, and related fields and apply concepts from these fields in market monitoring work.

For detailed information on how we calculate experience, please visit our Recruitment website.

Required Qualifications :

Examples of how to qualify :

Special Requirements / Conditions of Employment :

A background check will be conducted, which may include criminal record history, fingerprinting, and credit history. Information from the background check will not necessarily preclude employment, but will be considered in determining the applicant's suitability and competence to perform in the position.