Risk Control Analyst (Gas)

Gas Risk Control Analyst

Global Risk Management
Houston, TX
Hybrid Work Schedule

Role Accountabilities:

• Overall role is responsible for calculating profits and losses and managing trading risks, including
  • risk identification
  • measurement
  • monitoring, and
  • disclosure across various energy commodity assets.
• Specific role accountabilities will be to:
• Analyze, model, and report market risk for all trading activities.
• Assess and monitor physical and financial trades, transportation, storage, park and loan, and foreign exchange deals.
• Analyze mark-to-market valuations, risk positions, basis changes, and P/L results on a daily basis.
• Develop and maintain risk reporting/analytics to communicate position, P/L, and market risk to traders and management.
• Coordinate and review deals and prices in the trading system, performing deal checks, price validation, curve updates, and data reconciliation.
• Monitor timely deal capture, internal trading limits, and risk policy requirements to ensure transaction integrity in the trading system.
• Provide critical thinking around risk reporting processes, quantification, and analysis of commodity exposure and forward price movements for multi-products trading activities.
• Maintain, enhance, and review risk models. Test new risk calculations, evaluate model assumptions against fundamentals, and suggest modeling/valuation enhancements.
• Ensure compliance with internal trading limits.
• Provide accurate and independent analysis, valuation, and reporting of risk positions and trading results.
• Adhere to external regulatory compliance requirements.
• Communicate effectively with Front Office, Operations, Back Office, and Finance teams on inputs and assumptions.
• Work closely with Traders to quantify and explain sources of risk in their portfolios.
• Contribute to the reporting of trading results and positions to Senior management.
• Ensure best control practices, operational efficiency, and policy/limit compliance by working with Back Office, Finance, Credit, Legal & Compliance, and Business Unit Control.
• Coordinate with Compliance to ensure compliance requirements are met.
• Support, identify, and assist in implementing process improvements, including system testing, implementations, and desk-level processes.
• Identify and communicate operational risks, defining risk mitigation measures and priorities.

Requirements and Qualifications:

• Degree qualified in economics, finance, business, mathematics, or a quantitative discipline.
• Comprehensive understanding of risk management methodologies and valuation models.
• Proficiency in Power BI, Python, or other data management software like Alteryx.
• Able to perform role functions with a high degree of accuracy and efficiency under set deadlines.
• Able to work in a fast-paced trading environment.
• Strong analytical and problem-solving skills.
• High levels of flexibility regarding working hours.
• Will NOT sponsor employment visas or those on time-limited visa status for this position.
• The position requires close cooperation with Front Office, Operations, Back Office, Finance, Compliance, and Trading System teams.