Commodities Business Analyst / Project Manager - C2C

About Us

Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is "asset light" and highly diversified - giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities. Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.

In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients' renewable power. The acquisition also expanded Engelhart's capabilities into physical natural gas across North America, a critical fuel to support the energy transition.

Our talented and experienced individuals work together according to its four company values: Performance, Agility, Collaboration, Entrepreneurship .

About the Role

Engelhart is looking to appoint an experienced and versatile Corp-to-Corp BA/PM to be a point person to work directly with our US Power and Gas trading teams, to design future processes and solve problems. Strong knowledge of US power and gas trading is essential, especially physical and structured products such as PPAs, Load, Batteries and gas storage & transportation.

We are looking to strengthen and expand our Business Change capability, as we embark on a multi-year cross-company transformation programme while simultaneously continuing to grow our business, especially in physical power and gas. The multi-year programme aims to change our core technology architecture and embed a new operating model and ways of working. This will be a long-term C2C contracting position.

This role will sit within our Business Change function but will also work closely with our Business Management team coordinating US change initiatives across Power & Gas. The role will involve coordinating across teams, developing the new operating model and driving process transformation across the organisation. Following the acquisition of Trailstone in 2024, Engelhart has focused on integrating the two companies, whilst simultaneously expanding its business into new and more complex businesses across commodities markets. However, some legacy processes and systems remain. To enable further business growth, Engelhart is embarking on a programme to take its core platform and operating model to the next level.

This C2C BA/PM will work closely with stakeholders across front, middle and back office to challenge existing ways of working, design future-state processes, and identify pragmatic paths to get there, often enabled by technology, data and automation. This is a business-led role, acting as a trusted partner to key stakeholders to identify their needs while driving the company change agenda.


This role will involve some travel between our Houston and Stamford offices, and has potential for international travel too.

This will be a long-term C2C position, with the potential to transition to a permanent role, and will own the following responsibilities :

• Act as a trusted partner with stakeholders across front office, middle office and back office teams to understand current-state processes, pain points and constraints.
• Use strong knowledge of commodities, physical power and gas products and stakeholder relationships to define the future front-to-back processes for the US Power & Gas teams.
• Act as a project manager across multiple change initiatives, including coordinating across multiple teams.
• Facilitate workshops and stakeholder discussions to challenge existing ways of working and support teams in defining a clear, forward-thinking future state.
• Lead process analysis and redesign activities, especially with trading desks and operations teams.
• Identify opportunities to drive the operating model into the future, especially enabled by technology, data, automation or AI.
• Act as a bridge between business teams and delivery functions, especially technology, ensuring that business needs and outcomes remain central.
• Contribute to portfolio management of change initiatives, helping to prioritise work and align improvements with strategic objectives.
• Support the development of Engelhart's change capability by introducing project management and analysis best practices.

About You

This individual will have several years of experience in a Project Manager or Business Analyst role within the energy trading sector - with subject matter expertise in US power & gas. This role would suit someone comfortable working with ambiguity and shaping problems before solutions are defined. This individual should wants to actively contribute to shaping how business change is delivered across our firm.


In addition, we believe the following experiences and skills will best set this person up for success in this role:

• Experience working in an energy trading environment, especially physical power.
• Strong all-round change capabilities with an ability to think strategically as well as dive into details.
• Strong understanding of US Power & Gas trading and operations, particularly physical and structured products such as gas transportation and storage, LNG, physical power, Load, PPAs, Battery tolling agreements.
• Strong grasp of US power markets across multiple ISOs.
• Strong understanding of commodities operations, particularly middle and back office functions (e.g. trade lifecycle, scheduling, settlements, P&L).
• Proven experience analysing and redesigning business processes in complex, cross-functional, global environments.
• Ability to collaborate with stakeholders, constructively challenging assumptions while building trust and alignment.
• Experience working with technology-enabled change, including automation and AI.
• Excellent communication and facilitation skills, with the ability to translate complex topics into clear, actionable solutions.
• Curious and improvement-oriented, with a natural inclination to ask "why" and "what could be better".

The following knowledge and experience is not explicitly required for application, but highly desirable for this role:

• Experience contributing to operating model or target architecture design.
• Experience shaping AI strategy or identifying opportunities to embed AI into business processes to improve efficiency, controls, or insight generation.

We believe in inclusivity and are therefore dedicated to ensuring all employees - across gender identity, race, ethnicity, sexual orientation, religion, life experience, background and more - feel welcome and included in the company. We promote diversity because we believe it is essential to our ability to think holistically.