Head of Risk Transformation

Chevron•Houston, LA

13h•Hybrid

About The Position

Chevron’s Supply & Trading (S&T) business buys, sells and supplies crude oil, refined products, natural gas and gas liquids in support of Chevron’s production operations and global refining and marketing network. The Head of Risk Transformation will build a modern, commercially relevant and independent Risk Management capability for S&T, while leading the risk systems, data and analytics that underpin it. The position is part of the Credit & Risk Control (C&RC) organization and reports to the Risk Control Officer under Treasury. It is co-located with S&T in Houston and partners with the business across its trading hubs in Houston, Singapore and London. The role will help shape long-term risk strategy for a growing, increasingly complex global trading business by strengthening risk oversight, analytics and reporting in support of Chevron’s commercial objectives. It includes accountability for delivering large-scale risk transformation while preserving the independence of the Risk function, and developing and coaching a high-performing risk analytics, systems and market risk team. The position is based in Houston, Texas. It is full-time and offers alternative work schedules, such as a 9/80 compressed workweek. The hybrid schedule is four days in the office, Monday through Thursday, and one remote day on Friday.

Requirements

Bachelor’s degree in Finance, Economics, Mathematics, Statistics, Computer Science, Engineering or a related field.
15+ years of experience in energy or commodity trading risk, including meaningful leadership experience, within an integrated major, merchant trader, leading utility, bank commodities platform or similarly complex trading organization.
Direct exposure to physical and financial commodity portfolios; experience across crude, refined products, natural gas, LNG, power, freight or related markets is desirable.
Demonstrated record of building or materially transforming a market risk or enterprise trading risk function, including designing a target operating model, implementing governance and limits, and delivering change while managing daily risk.
Experience leading CTRM/ETRM systems, risk engines, data, reporting or major digital risk transformations through implementation.
Strong understanding of commodity risk management, including derivatives, physical markets, the trading lifecycle and risk metrics such as VaR, P&L, exposure and stress testing.
Ability to challenge models and assumptions, interpret Monte Carlo outputs and stress scenarios, and translate analytics into decisions.
Commercial credibility and understanding of how traders create value, including the ability to distinguish intentional risk-taking from uncontrolled exposure.
Experience recruiting, developing and retaining scarce technical risk talent and leading globally distributed teams across multiple locations.
Independent executive presence and ability to synthesize and communicate complex risk concepts and recommendations clearly and logically to traders and senior management.
Strong change management skills; decisiveness amid imperfect information; calm under market or operational stress; and comfort operating in ambiguity.
Inclusive, enterprise-minded and collaborative work behaviors, with cultural adaptability across Houston, London and Singapore.
Must be eligible to work without employment visa sponsorship; Chevron will not consider individuals on time-limited visa status.

Nice To Haves

Advanced degree.
Master’s degree in a STEM, finance or related field.
Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) certification.
Advanced skills in risk quantitative analytics and modeling.
Proficiency with data analysis, programming, visualization or workflow tools such as Excel, SQL, Python, Power BI and Power Platform.
Experience managing credit, liquidity and working-capital risk and exposure.

Responsibilities

Lead and maintain an integrated view of market, credit, liquidity, operational and counterparty risk across the S&T portfolio, including risk appetite, limits, escalation thresholds and appropriate risk measurement methodologies.
Partner commercially with the trading organization by bringing a risk perspective to material transactions, new business approvals, hedging strategies and portfolio decisions while preserving independent challenge.
Lead risk systems, analytics and reporting capabilities supporting market risk, credit risk and trading compliance across a global trading environment.
Strengthen risk governance and controls, ensuring clear accountability for risk reporting, data quality, model ownership, limit setting and escalation.
Assess capability needs and establish development paths and succession plans across market risk, credit and analytics.
Help build a high-performing risk organization and develop the next generation of risk leaders.
Serve as an active member of the global S&T Credit & Risk Control leadership team and communicate risk clearly to senior stakeholders.