Careers

Description:

Keeping Washington Clean and Evergreen

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 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 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.

Skills/Eligibility:

Qualifications

This position offers an in-training plan and may be filled at the Financial Examiner (FE) 3 or 4 level, depending on your qualifications. If you qualify at the FE3 level and are hired, you will progress through an in-training plan to become an FE4 within twenty-four months.

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

Required Qualifications:

If you are excited about this role but not sure if your experience aligns perfectly with every qualification in the job description, we encourage you to apply. Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At the Department of Ecology, we are dedicated to building a diverse and authentic workplace centered in belonging. You may just be the needed candidate for this or other roles.

 

At the Financial Examiner 3 level (In-Training)

Pay Range 66, $6,539 - $8,801 monthly
 

Seven years of experience and/or education as described below:

• Professional experience in finance; economics; data analysis; energy, agricultural and/or other commodity markets; regulatory enforcement; or related work. This experience could be gained in most private sectors, and/or the public sector.
• Education involving a major study in fields including—but not limited to—finance, business administration, economics, accounting, policy, data science, and related fields.

 

Examples of how to qualify:

• 7 years of experience.
• 6 years of experience AND 30-59 semester or 45-89 quarter college credits.
• 5 years of experience AND 60-89 semester or 90-134 quarter college credits (Associate’s degree).
• 4 years of experience AND 90-119 semester or 135-179 quarter college credits.
• 3 years of experience AND a Bachelor’s degree.
• 2 years of experience AND a Master’s degree.
• 1 year of experience AND a Ph.D.

 

At the Financial Examiner 4 level (Goal Class)

Pay Range 70, $7,226 - $9,713 monthly

Nine years of experience and/or education as described below:

• Professional experience in finance; economics; data analysis; energy, agricultural and/or other commodity markets; regulatory enforcement; or related work. This experience could be gained in most private sectors, and/or the public sector.
• Education involving a major study in fields including—but not limited to—finance, business administration, economics, accounting, policy, data science, and related fields.

 

Examples of how to qualify:

• 9 years of experience.
• 8 years of experience AND 30-59 semester or 45-89 quarter college credits.
• 7 years of experience AND 60-89 semester or 90-134 quarter college credits (Associate’s degree).
• 6 years of experience AND 90-119 semester or 135-179 quarter college credits.
• 5 years of experience AND a Bachelor’s degree.
• 4 years of experience AND a Master’s degree.
• 3 years of experience AND a Ph.D.

Special Requirements/Conditions of Employment: 

A background check will be conducted, which may include criminal record history, fingerprinting, and credit history.