Manager - Risk Management

Energy Transfer • Houston, TX

223d

About The Position

The Risk Manager supports various trade desks at Energy Transfer by overseeing business analytics and managing exposure to commodity prices. This role includes supervising a team of analysts and ensuring that pricing, hedging, risk evaluation techniques, and derivative accounting practices are applied, monitored, and optimized. The Risk Manager will regularly interact with traders and senior management, providing strategic insights and ensuring robust risk management practices across the organization.

Requirements

• Bachelor's degree in business, economics, mathematics, accounting, or a related field.
• Advanced degree (e.g., MBA, Master's in Finance) or professional certifications (e.g., CFA, CPA, FRM) are strongly preferred.
• 8+ years of related experience, with a strong background in risk management within the energy sector.
• Proven experience in leading and managing a team, with the ability to mentor and develop direct reports.
• Strong analytical skills with the ability to interpret complex market data.
• Advanced proficiency in Excel and Microsoft Office.
• Excellent interpersonal and communication skills, with the ability to interact effectively with senior management, traders, and other stakeholders.

Nice To Haves

• Self-starter with the ability to work independently and manage multiple priorities.
• Strong leadership skills, with a track record of successfully managing teams and delivering results in a fast-paced environment.
• Advanced degree or professional certification relevant to risk management or accounting (e.g., CFA, CPA, FRM).

Responsibilities

• Lead and mentor a team of risk analysts, providing guidance, setting performance goals, and conducting regular evaluations.
• Ensure that the team effectively monitors, measures, and reports market price risks daily, including risks from company assets, long-term contracts, wholesale physical energy transactions, inventory, and financial derivatives.
• Oversee the analysis and identification of P&L and position drivers across various trading books, ensuring accuracy and timeliness.
• Determine market-price risk positions and work closely with trade desks to develop strategies that minimize exposure.
• Validate end-of-day curves in the risk system and oversee the mark-to-market of forward positions.
• Ensure accurate application of derivative accounting principles, including hedge accounting and fair value measurement of financial instruments.
• Communicate and resolve risk limit breaches appropriately, ensuring swift and effective action is taken.
• Ensure compliance with exchange (ICE & CME) and regulatory requirements (CFTC & FERC).
• Support internal and external audit requests, providing necessary documentation and explanations.
• Maintain margin requirements with clearing banks, ensuring all obligations are met.
• Prepare detailed reports on derivative positions, P&L impact, and compliance with accounting standards.
• Collaborate with IT on risk system (ETRM) improvements, leading the testing and implementation of new enhancements.
• Identify opportunities for process optimization within the risk management framework.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Industry: Pipeline Transportation
• Education Level: Bachelor's degree