Manager, Commercial Risk
Savage•Houston, TX
•Onsite
About The Position
Join the Texon Team! Texon is a leader in butane blending and energy marketing. Since 1989, we’ve pioneered blending innovations and hold patent rights worldwide. As a Savage company, we’re proud to be recognized as a Military Friendly Employer, and we welcome Military Veterans and Reservists to apply. Military Veterans and National Guard Reservists are encouraged to apply!
Requirements
- Bachelor’s degree in Finance, Accounting, Economics, or related field
- 5+ years of experience in commercial, market, or credit risk (commodity trading or asset-based environments preferred)
- Strong understanding of physical/financial commodity markets and commercial economics
- Proven ability to analyze and communicate risk exposure, hedge performance, and credit risk
- Experience supporting the full trade lifecycle from execution through settlement
- Ability to operate independently within a front-office commercial environment
- Strong judgment and confidence to provide independent risk challenge
- Excellent analytical, communication, and stakeholder management skills
Responsibilities
- Lead commercial risk oversight with strong independent judgment and decision-making
- Conduct credit risk assessments, counterparty analysis, and manage credit exposure (including PFE and concentration risk)
- Oversee trade lifecycle governance, ensuring compliance, accurate trade capture, confirmations, and contract integrity
- Partner with trading and commercial teams to balance risk and return through scenario analysis, stress testing, and sensitivity modeling
- Evaluate and monitor market risk, including NOP, MtM, hedge ratios, basis exposure, and hedging effectiveness
- Implement and assess risk mitigation strategies (collateral, guarantees, letters of credit) and their economic impact
- Ensure pricing and commercial decisions reflect risk-adjusted returns, including credit, hedging, and capital costs
- Administer and enhance Credit Policy, including credit reviews, limit setting, and counterparty evaluation processes
- Ensure adherence to trading limits, approvals, and delegation of authority; coordinate issue resolution across key stakeholders (Commercial, Operations, Accounting, Treasury)
- Support financial modeling and valuation for acquisitions and commercial investments, incorporating downside scenarios and risk factors
- Identify execution, integration, and control risks across systems, processes, and counterparties
- Provide independent challenge to investment assumptions and commercial decisions
- Maintain and enhance risk, hedging, credit, and compliance frameworks and policies
- Support executive risk governance, escalation forums, and investment reviews
- Serve as a key resource during business continuity events, preserving and transferring institutional knowledge
Benefits
- medical, dental, and vision plans
- company-paid life, AD&D and disability insurance
- supplemental life and disability options
- health savings and flex spending accounts
- profit sharing
- PTO
- 401(k) plan with match
- Uniform Services Time Off (USTO)
- Uniform Services Differential Pay
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What This Job Offers
Job Type
Full-time
Career Level
Manager
