Sr. Risk Analyst
🔍 Houston, Texas
POSITION SUMMARY:
Reporting to the Director of Commodity Risk, the Senior Risk Analyst will be key to analyzing and reporting on corporate commodity price risk, working in conjunction with Front Office.
JOB DUTIES AND RESPONSIBILITIES:
Identifying and Monitoring Market and Operational Risk
Responsible for identifying and helping manage risks associated with natural gas and natural gas liquids trading and exposure (physical and financial)
Management and ongoing development of the daily preparation, monitoring, and analysis of risk management reporting; this includes, but is not limited to open position, mark-to-market, and price reporting for all commodities
Review, analyze, interpret and provide daily exposure and mark to market P&L reporting and verification
Work closely with traders to quantify and explain the sources of risk in their portfolios
Evaluate new opportunities (M&A, business lines, trading opportunities, etc.) from a risk perspective as they arise
Coordination between credit reporting and risk reporting including identifying discrepancies and ensuring consistent and accurate data across both functions for all products
Measuring and Assessing Market and Operational Risks
Research, develop and enhance market risk models and methodologies
Ensure products and deals are properly reflected in Allegro (natural gas) and RightAngle (natural gas liquids) systems
Validate system inputs including price curves and deal entry to ensure the proper Mark-to-Market (MTM), and Profit and Loss results
Support creation of effective control environment
Assess market risk via VaR, back-test, stress-test, scenario analysis and/or sensitivity studies
Support internal and external audit requests
Other duties as assigned
MINIMUM ESSENTIAL QULIFICATIONS:
Requires a minimum of 5 years of experience in a similar role
Requires a Bachelor’s degree in finance, mathematics, statistics or a related field from an accredited college or university
Experience with ION products including RightAngle and Allegro
Experience building Advanced Excel-based models to analyze data required
Regular and reliable attendance
EQUAL EMPLOYMENT OPPORTUNITY:
Targa Resources provides equal employment opportunities based on merit, experience, and other work-related criteria and without regard to race, color, ethnicity, religion, national origin, sex, age, pregnancy, disability, veteran status, or any other status protected by applicable law. We also strive to provide reasonable accommodation to employees’ beliefs and practices that do not conflict with Targa’s policies and applicable law. We value the unique contributions that every employee brings to their role with Targa.