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Market Risk Manager

Company: NGL Energy Partners
Location: Tulsa
Posted on: September 22, 2022

Job Description:

Job DescriptionThis position is responsible for ensuring the energy marketing functions are operating in a controlled environment and within established risk management limits. In this role, the manager will review daily trading position exposures, including time and location spreads, cross commodity arbitrage, options, and hedging activity against approved limits. This position works with the Front Office to understand new and existing trading strategies for risk review and reporting and ensures correct application of pricing methodologies.General Duties and Responsibilities

  • Conducts daily transaction exposure analysis and review including troubleshooting and investigation of Profit and Loss and Value/Earnings at Risk
  • Ensures accuracy of pricing data within the Risk systems on a daily, monthly, and quarterly basis
  • Oversees the automation of all risk reporting with IT coordination. Will also work with IT to complete new requests and enhance processes
  • Completes month-end, year-end, and quarter-end related processes. Ensures seamless transition of information from risk group to accounting group at month end.
  • Organizes and leads quarterly risk management committee meetings
  • Works with front office groups to interpret valuations, respond to trader requests, and evaluate structured transactions
  • Performs, monitors and leads in the development of processes and controls that maintain the internal Market Risk Policy
  • Prepares presentations for management to explain and review risks and trading strategies
  • Supports medium- and long-term projects within the group aimed at increasing efficiencies and coverage of the controls
  • Discusses the risk profiles and any changes to the trade book strategies with management on a regular basis
  • Performs other job-related duties as assignedPosition Qualifications: - Knowledge, Skills and Abilities
    • In-depth knowledge of natural gas liquids, crude oil, and other energy markets
    • Knowledge of modelling and valuation of Mark-to-Market and Value-at-Risk
    • Physical and financial options valuation experience
    • Experience in Risk Management, Accounting or Trading Analytics
    • Experience working with Enterprise Trading and Risk Management (ETRM) software such as RightAngleExperience/Education
      • Bachelor's degree or equivalent experience is preferred.
      • Minimum of 5 years of experience in field/industry, is required.
      • Prior work experience in risk management or claims management is a plus.
      • Prior experience with RightAngle is preferred.Travel
        • Negligible travel required. - Requires the ability to travel to field locations where environment may vary significantly. -Physical RequirementsThe physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
          • The employee must occasionally position, transport and/or move up to 25 pounds.
          • While performing the duties of this Job, the employee is regularly required to:
            • Be stationary for long periods of time;
            • Use hands to finger, handle, or feel;
            • Communicate with and exchange information verbally and in writing;
            • Move about in an office environment;
            • Work using repetitive motion.
              • Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and ability to adjust focus.
              • Work requires physical efforts associated with using the computer and phones to access information.Working Environment: -The work environment characteristics described are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing the duties of this Job, the employee is regularly in an office environment. -
                • The noise level in the work environment is usually quiet to moderate.
                • This position is performed during regularly scheduled hours. -This job description is not intended to describe in detail the multitude of tasks that may be assigned, but rather to provide the incumbent with a general sense of the responsibilities and expectations of his/her position. It is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position. - As the nature of business demands change so, too, may the essential functions of this position.

Keywords: NGL Energy Partners, Tulsa , Market Risk Manager, Executive , Tulsa, Oklahoma

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