Industry: Oil and Gas
Job Titles: Risk Manager III
Location: Houston, TX - 77079 (Onsite)
Duration: 5+ Months (Possible extension)
Job Description:
- Trading & Shipping (T&S) is Client's face to the traded markets. T&S's role is to enhance group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control, compliance, risk analytics and management infrastructure.
- The Commodity Risk Group is a key middle-office, risk, and financial controls function accountable for ensuring that trading and origination activities are conducted within a robust control framework. The Commodity Risk Lead will play a key role interfacing with trading, marketing & origination, operators, structuring, and support functions for the Natural Gas Liquids (NGL) and Structured Solutions & Strategic Origination (SSSO) benches. It requires balancing independence with a business enabling partnership. This position is accountable for delivering daily exposure, P&L reporting, month end close process and providing analytics to support business insight, including working capital and cash while enforcing the T&S Operating Standards & Control Processes. The position reports to the Senior Manager of Commodity Risk.
Key Accountabilities
- Develop understanding of NGL and SSSO commercial businesses.
- Establish strong relationships with commercial and functional teams.
- Deliver insightful reporting and analytics that enable business decision making. This is achieved through timely, rigorous, and accurate reporting and analytics of exposure, market risk, costs, gross margin, cash and working capital
- Facilitate and oversee effective and consistent compliance and controls, both internally and externally, while ensuring financial integrity for T&S.
- Liaise with front office, settlements, and accounting to resolve any discrepancies on counterparty, pricing, volume and Mark to Market (MTM) value, accrual, and gross margin
- Bring transparency to deal structures and explain financial impacts in operational terms to Senior Manager of Commodity Risk and other members of the leadership team
- Maintain and review MTM, exposure and P&L by deal, portfolio, trader, region, and strategy
- Lead due diligence discussions with Commercial and Finance leaders
- Lead month end close process and support accounting in month end closings
- Support regional and global process standardization initiatives
- Support any ad hoc reporting requirements
Additional Notes:
- Experience working in a commodity trading environment with a bias toward NGLs, oil, oil products and natural gas
- Experience with complex structured physical and financial transactions, including working capital structures
- Understanding of front to end transaction lifecycle, key operational and financial controls, applications employed and ability to assess change impact across functions
- Team player and eager to learn and teach in partnership with other team members within the team and across other trading benches.
- Able to grasp and communicate complex transactions in layman terms for non-technical audience, while highlighting the key economic effects & associated operational and market risks.
- Ability to multi-task independently in a dynamic and changing business environment, within a global structure and under tight deadlines.
- Strong interpersonal and communication skills (verbal and written).
Primary Recruiter: Siddhant Kumar Sethi
Recruiter Email: