SENIOR MARKET MONITOR (FINANCIAL EXAMINER 4) (IN-TRAINING) AT THE DEPARTMENT OF ECOLOGY (THURSTON COUNTY – LACEY, WA)

The Department of Ecology is seeking a Senior Market Monitor (Financial Examiner 4) in Lacey, WA, to support the Climate Pollution Reduction Program. This role involves managing allowance auctions, ensuring compliance with laws, and conducting market surveillance. The position allows telework with a minimum of one in-person day per week required in Lacey. Applicants must live within a commutable distance from the office.
Senior Market Monitor (Financial Examiner 4) (In-Training) | The Department of Ecology | Thurston County – Lacey, WA

The Department of Ecology is hiring a Senior Market Monitor (Financial Examiner 4) (In-Training) within the Climate Pollution Reduction Program.

Location:
• Headquarters Office in Lacey, WA.
• Upon hire, you must live within a commutable distance from the duty station.

Schedule:
• This position is eligible for telework and flexible schedule options.
• A minimum of one day per week is required in Lacey, WA. On occasion, the candidate is required to attend additional in-person events such as quarterly allowance auctions
• Schedules are dependent upon position needs and are subject to change.

Application Timeline:
• Apply by March 3, 2025.
• This position will remain open until filled. The agency reserves the right to make a hire at any time after application review begins. Applications received after March 3rd may not be considered.

Duties:

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. You will also represent Ecology in working with other state agencies, regulated industry, and national and international groups on issues related to the allowance auctions, market, and Cap-and-Invest program.

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 ntercontinental 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 the 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.

Learn more and apply