Risk Control Analyst - Senior

ONEOK • Tulsa, OK

7d • Onsite

About The Position

We are seeking a highly motivated Senior Risk Analyst to join our team. In this role, you will support our commodity trading business by enhancing risk controls, advancing data modeling capabilities, optimizing risk systems, and strengthening integration with internal data platforms. Working closely with senior leadership, you will play a key role in identifying opportunities to improve risk management processes, data quality, reporting, and system effectiveness. You will collaborate across the organization with teams including Commercial, Accounting, IT, Legal, and Credit to deliver solutions that support informed decision-making and promote a strong control environment. This position offers an opportunity to contribute to strategic initiatives, drive continuous improvement in risk management capabilities, and help ensure the integrity and effectiveness of our trading and risk management processes. If you are passionate about leveraging data, technology, and analytical thinking, we encourage you to apply. Position level and compensation will be commensurate with the selected candidate’s experience, skills, and qualifications.

Requirements

• Bachelor's Degree in accounting, finance, economics, mathematics or related field with job-related experience
• Experience performing detailed financial analysis and modeling of complex commodity trading activities.
• Experience and/or training related to: Accounting standards and supporting documentation.
• Experience and/or training related to: Trading policies and practices.
• Knowledge of: commodity markets and financial derivative instruments such as forwards, futures, swaps and options.
• Knowledge of: advanced statistical and data modelling techniques utilizing various software including MatLab, R and Python.
• Knowledge of: risk management methodologies and Monte Carlo simulations.
• Knowledge of: risk measures.
• Skills in: Microsoft Excel required.
• Ability to: apply complex mathematical concepts, including algebraic formulas, statistical methods, calculus and derivative pricing models.
• Ability to: to grasp and accurately communicate complex transactions, strategies and models to varying organization levels while highlighting relevant information to a targeted audience.
• Ability to: to mine, manipulate, interpret and analyze large data sets across multiple applications.
• Ability to: communicate and/or exchange information and instructions.
• Ability to: read and interpret financial statements, professional accounting standards, trading policies, contracts, agreements, computer printouts, industry publications, reports and correspondence.

Nice To Haves

• Master's Degree in accounting, finance, economics, mathematics preferred
• Skills in: UI Path automation software a plus.

Responsibilities

• Analyze and/or prepare complex reports and records related to daily mark-to-market profit and loss (P/L) variance of trading books, volumetric positions, hedge strategies and Value at Risk (VaR), providing management with explanations of major variances and analytics to support business decisions.
• Collaborate with front and back office to quantify and analyze risks associated with potential transactions and to ensure proper deal capture, valuation, accounting, and compliance with risk management policies.
• Develop and maintain complex hedging strategies and sophisticated models to support business segment commodity risk mitigation.
• Provide analysis and recommendations for acceptable hedge instruments and practices to ensure compliance with hedge accounting requirements.
• Prepare back tests, scenario analysis, stress tests and performance analysis to explain the drivers of risk and mitigation strategies.
• Utilize statistical modeling techniques to forecast potential commodity price changes as well as monitor macroeconomic market conditions to adjust models accordingly.
• Monitor, control and report daily transaction activity from financial and physical desks to ensure compliance with approved risk management policies.
• Update and validate market price curves on a daily basis.
• Utilize the Risk System software to maintain all physical and financial obligations and prepare mark to market position reports.
• Work with trading, accounting and contract administration employees and management to ensure accurate processing of all financial trading activities.
• Work closely with IT team members to design, validate, implement, troubleshoot and maintain various system solutions for both positions and P&L reporting.

Benefits

• ONEOK is committed to making our workplace accessible to individuals with disabilities and will provide reasonable accommodations, upon request, for individuals to participate in the application and hiring process.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior