Regulatory Analyst (m/w/d)

Job Description

Carbon-pricing and low-carbon fuel frameworks across Canada, and increasingly abroad, are evolving at record speed. As a Regulatory Analyst on Targray's Environmental Commodities team, you will help translate complex policy developments into clear guidance, actionable market insights, and practical trading opportunities.

Working closely with traders, compliance specialists, and other members of Targray's regulatory team, you will play a key role in helping the business understand emerging rules, quantify credit opportunities, manage regulatory risk, and expand into new environmental commodity markets.

This is an opportunity to work at the intersection of engineering, energy transition policy, carbon markets, and commodity trading. The role is well suited to someone who enjoys solving complex problems, building analytical frameworks, and seeing their work directly influence commercial decisions in a fast-moving market.

This position requires 100% presence at Targray Head Office, Monday to Friday.

Responsibilities

• Collaborate daily with traders, compliance operations, logistics, and regulatory team members to ensure positions and deal structures align with current regulations.
• Monitor, interpret, and summarize federal and provincial carbon-pricing, LCFS, clean fuel, and cap-and-trade rules; flag upcoming changes, deadlines, and risks.
• Investigate and build comparative frameworks for new compliance-credit programs emerging outside Canada, including in U.S. states, Europe, and Asia-Pacific markets.
• Quantify credit generation and deficit pathways, assess eligibility requirements, and map registry procedures.
• Maintain a living database of program requirements, compliance timelines, methodologies, and regulatory interpretations.
• Produce succinct briefing notes, dashboards, and decision memos that highlight market impacts and trading opportunities.
• Apply engineering judgment to evaluate low-carbon fuel pathways, project eligibility, emissions-intensity calculations, and technical regulatory requirements.
• Leverage AI-driven research tools, large-language models, policy-text mining, and automated web-scraping to accelerate regulatory intelligence gathering.
• Build relationships with regulators, auditors, consultants, and industry working groups; represent Targray in public consultations where appropriate.

Requirements

• Bachelor's degree in engineering required.
• Degree in environmental engineering, chemical engineering, mechanical engineering, civil engineering, industrial engineering, or a related engineering discipline preferred.
• Environmental engineering background is considered a strong asset, but not required.
• 1-5 years of experience in energy, sustainability, environmental markets, regulatory analysis, engineering consulting, finance, or data analytics.
• Co-op or internship experience in climate, energy, fuels, carbon markets, or environmental compliance considered an asset.
• Strong analytical and critical-thinking skills, with the ability to distill legislation, technical standards, and regulatory guidance into clear business language.
• Advanced Excel/Sheets skills required; familiarity with SQL, Python, or other data-analysis tools welcomed.
• Demonstrated ability or strong interest in using generative AI and data-science tools to improve research, analysis, and reporting.
• Strong written and verbal communication skills.
• Self-starter who enjoys a fast-paced trading-floor environment and can balance detail-oriented research with commercial urgency.
• English required; French considered an advantage.

What we offer

Workplace & Perks

• Beautiful, spacious, and modern workplace environment.
• On-site gym and yoga studio reserved for employees.
• Subsidized, chef-prepared lunches served fresh daily, plus a well-stocked kitchen with snacks and drinks throughout the day.
• Free on-site EV charging for employees at head office.
• Our office is conveniently located just minutes from the Kirkland REM station, making commuting easy and accessible.

Benefits

• Comprehensive medical and dental insurance.
• Retirement savings plan with employer matching.
• Fitness Reimbursement Program
• Virtual health care & consulting services through TELUS Health Virtual Care

Diversity & Inclusion

Diversity and inclusiveness are at the heart of who we are and how we work. We are committed to fostering an environment where differences are valued, policies and practices are equitable, and our people feel a sense of belonging. We welcome and embrace the diverse experiences, abilities, backgrounds, and perspectives that make our people unique and help guide us. When people feel free to be their authentic selves at work, they bring their best and are empowered to build a better working world.