Price Group Methodology Partner, Emerging Benchmarks

The Team:This is an outstanding opportunity to join the world's leading price reporting organization as it continues to develop its strong presence in the global commodity markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to commodities markets. Price Group is an integral part of the price assessment content team and collaborates across all functions within Platts globally. Focused on price assessment methodology development and deployment, the group also manages the dissemination of market reporting best practices. Many of Price Groups functions are designed to deliver on our governance model based on our Editorial Standards.

What's in it for you: Platts price assessments underpin more than 250 global commodity price benchmarks cleared by more than 1200 financial contracts - across more than six global exchanges. The PG Partner has the opportunity to lead methodology development, as well as price resolution and market reporting best practice, supporting our frontline reporting teams. The PG Partner will lead the advancement and defense of our world-class pricing methodologies, supporting the Emerging Benchmarks group, which spans energy transition, shipping, chemicals, biofuels, agriculture & food and fertilizers. Primary sector partnership with this role will be with the energy transition team.

The Impact: Thought leadership in market evolution, methodology change and development, maintaining the highest standards and integrity of Platts price assessments. This includes:

• All aspects of methodology development including the conceptualization of new ideas, partnering senior management and regional teams that lead day-to-day market reporting and price assessment activities resulting in the successful benchmark protection and development.
• Extensive cross commodity external engagement supporting methodology research and development and educating the market through strategic engagement programs, with the main players and active trading community
• Issue resolution resulting in the highest standards being maintained, building trust in the standards and processes in place
• Collaboration with other colleagues in Market Development & Engagement, particularly the Market Integrity & Review team and the Strategic Engagement & Intelligence Group, as well as other functional groups internally, resulting in the consistent execution of Platts methodology and the maintenance of robust price assessments
• Ensuring the methodology process is followed and reviewing and approving updates as defined in Platts editorial standards
• Ensuring our methodology development and change is conducted in line with Platts governance model and is aligned with the IOSCO Principles for Price Reporting Agencies and the EBMR
• Supporting the escalation and resolution of assessment complaints and in-depth price reviews, building confidence in the integrity of Platts processes and standards
• Support the curation of best practice documentation that is referenced by price reporting teams
• Lead annual commodity team process for updating methodology documentation
• Responsible for driving best practices across commodity group, through training of front line, and helping instill integrity into Platts assessments
• Mentoring front-line around external messaging, by sharing experience, helping build trust with customer

Responsibilities:

• Lead global price assessment methodology development working with the commodity leadership and managers
• Collaborate with other methodology development specialists and price group operations to ensure alignment share knowledge ideas and resource projects efficiently
• Advise and partner with the Sector heads and Senior management on market and methodology development new markets
• Engage with internal and external Stakeholders of methodology change process and collaborate with other functional groups such as BCQ, Product, Product Development, and Commercial
• Lead editorial governance through appropriate capture of key change procedures and processes for methodology development and methodology change projects
• Leverage presentation opportunities at industry events/conferences raising the visibility of Platts prices/benchmarks and the relevance of the methodology
• Manage price assessment complaints, escalating to Sector head and Price Group colleagues as appropriate to ensure resolution
• Jointly approving corrections as required in line with editorial standards
• Lead sector escalation point/deal with price assessment complaints & escalate appropriately to ensure resolution. Jointly approve corrections as needed in line with editorial standards. Liaise and support price review process when required
• Mentor frontline editors and demonstrate best practice in market reporting and implementation of methodology

What We're Looking For:

• 4+ years in pricing with a detailed knowledge of assessment methods and processes for executing changes to pricing methodology and the introduction of new pricing assessments
• Degree educated (business, finance, economics, etc)
• Proven strong interpersonal and relationship building skills and ability to influence across the organization
• Subject matter expert in commodities/ trading/markets and the competitive landscape and specialized knowledge of at least one commodity sector
• Proven strong interpersonal and relationship building skills and ability to influence across the organization.
• Strong presentation skills to present at industry events, professional associations and conferences
• Tenacity and the ability to gain buy-in to decisions and drive issues to completion
• Previous management experience and strong leadership ability which utilizes influence and promotes team collaboration and development as well as personal accountability
• Assertive with independent mind who operates with facts and pushes back with respect.