Manager, Risk Management

Motiva Enterprises LLC•Houston, TX

9d•Onsite

About The Position

Motiva is seeking an experienced and principled Manager, Risk Management to lead the independent risk control function within the Middle Office. The role protects the integrity of Motiva’s commercial supply portfolios through governance, exposure analytics, and partnership with commercial stakeholders. It provides decision-ready visibility into inventory and market price exposures, including flat-price risk and calendar/product spreads, and ensures compliance with risk limits, policies, and standards. The position also supports corporate hedging programs designed to optimize crack-margin performance and governance activities for the Motiva Risk Committee and the Audit & Risk Committee. Reporting to the Director, Risk Management, Compliance & Hedging, the Manager leads 3–4 commodity and market risk professionals across Supply & Trading Controls, Market Risk Analysis, Management Reporting, and Strategic Business Partnership. The position is onsite at Motiva’s downtown Houston corporate headquarters and operates on a 9/80 schedule with alternating Fridays off.

Requirements

Bachelor’s degree in Finance, Economics, Accounting, Engineering, or another quantitative discipline.
At least 10 years of experience in market risk, Middle Office, or commodity risk control.
At least 3 years of people-leadership experience, through direct reports or team leadership.
Expertise in inventory and price-risk concepts, including flat-price and spread-exposure management, P&L/exposure validation, and risk decomposition.
Familiarity with multiple commodities, including Crude, Intermediates, Products, Renewables, or Petrochemicals.
Strong proficiency with ETRM systems and analytical tools such as Power BI.
Executive-level communication skills and ability to present complex concepts to senior leadership.
Ability to manage multiple priorities in a fast-paced, time-sensitive environment.
Understanding of logistics modalities including pipeline, marine/vessel, rail, and truck.
Applicants for regular U.S. positions must be authorized to work in the United States for Motiva Enterprises LLC without sponsorship of an immigration authorization or visa.

Nice To Haves

Master’s degree or professional certifications such as CFA, FRM, or ERP.
Experience with ETRM implementations and risk-analytics platform projects.
Knowledge of VaR/@Risk models, scenario analysis, stress testing, and structured-deal risk assessment.
Prior experience in refining and full lifecycle commodity transaction flows.
Experience with crack-margin management and corporate hedging programs.
Experience with RightAngle ETRM, which is preferred.

Responsibilities

Lead the independent second-line risk control function for all Motiva supply portfolios.
Own, maintain, and continuously improve risk policies, standards, controls, and supporting documentation.
Enforce risk limits, segregation-of-duties requirements, and control standards aligned with Motiva governance expectations.
Prepare materials and analytical insights for the Motiva Risk Committee and support ad-hoc requests from the Audit & Risk Committee.
Ensure compliance with internal and external audits and maintain complete, traceable, audit-ready documentation.
Oversee daily monitoring of inventory and market price risk exposures, including flat-price and calendar/product spreads.
Validate P&L, exposure drivers, and reconciliations, and ensure timely resolution of issues.
Develop, refine, and standardize methodologies such as mark-to-market, VaR/@Risk metrics, stress testing, and scenario analysis.
Review daily, weekly, and monthly exposure and risk reports, providing clear commentary for senior leadership.
Support the design, oversight, execution, and performance evaluation of crack-margin and flat-price hedging programs.
Partner with Supply Optimization on refinery diet, scheduling, inventory positioning, and offtake decisions to ensure accurate exposure measurement.
Provide risk-based insights on term structures, contract structures, logistics strategy, and product flows.
Represent Middle Office risk in ETRM system enhancements, integrations, and implementations, including requirements, user acceptance testing, and reporting design.
Troubleshoot daily system processing issues and drive sustainable automation and process improvements.
Lead, mentor, and develop a team of 3–4 commodity and market risk professionals, fostering analytical rigor, accountability, and continuous improvement.
Champion documentation quality, governance discipline, and audit readiness.
Navigate competing stakeholder needs and manage workload priorities transparently and effectively.