Houston, TX

An international energy trading & marketing firm in Houston is searching for an experienced Market Risk Manager to support the natural gas trading business and a new power business in the future. This role reports to the Chief Risk Officer and will be involved in the buildout of a risk infrastructure including systems, analytics, and reporting capabilities around market risks and PnL reporting. Responsibilities include:

 

  • Managing a team of market risk analysts;
  • Working with consultants on implementation of an ETRM system and related risk control processes;
  • Monitoring, analyzing and reporting market risks including Value at Risk (VaR), liquidity risk and portfolio stress and scenario testing;
  • Producing and analyzing daily position reporting, P&L reporting and P&L attribution for the natural gas trading desk;
  • Communicating with traders and internal stakeholders to understand fundamental natural gas market conditions;
  • Reviewing risks of complex/structured deals and trading;
  • Review, advise and sign off on risks in new business strategies (new products or market expansions) and changes to existing to market portfolios;
  • Verifying the pricing and risk models of new products and conducting back-testing on the models;
  • Developing and maintaining risk database; and
  • Developing tools to enhance analysis and improve processes.

 

Educational and professional requirements include a bachelor’s degree in Finance or related field (advanced degree preferred); 4+ years’ experience in market risk analysis and risk valuation of wholesale crude oil, natural gas or power; strong knowledge of standard industry contracts (NAESB, EEI, ISDA, etc.) and non-trading agreements (storage, pipeline, transport and netting agreements) as well as structured deal contracts; good understanding of risk-based economic models and significant experience with quantitative risk modeling (stochastic risk models); fundamental knowledge of US gas and power markets (desired); experience with ETRM systems; and programming skills in VBA, Matlab, Python, R, SAS or other financial modeling language. Submit resumes to chynes@salthillgroup.com.