Senior Manager, Commodity Risk Mgmt

WM • Houston, TX

1d

About The Position

We are seeking a strategic and hands-on Senior Manager, Risk Control to lead our energy commodity risk management function for WM Renewable Energy business. Reporting to the Senior Director of Finance, this role will drive the strategic direction for risk frameworks, systems, and reporting, and serve as a key advisor to WMRE leadership across commercial, finance, compliance and Corporate Enterprise Risk Management function.

Requirements

• 8–12 years of experience in commodity risk management within the energy industry (power, gas, oil, or environmental products).
• Hands-on experience implementing or managing ETRM systems and integrating risk models.
• Deep understanding of risk quantification methodologies (VaR, PFE, stress testing, margining).
• Advanced technical skills: Python, SQL, Excel/VBA, and experience with BI tools such as Power BI or Tableau.
• Bachelor's degree in Finance, Economics, Engineering, or a quantitative discipline.
• Advanced degree or certifications (e.g., CFA, FRM, ERP) preferred.

Nice To Haves

• Experience in both physical and financial commodity trading or corporate procurement environments.
• Proven ability to build or scale a risk function within a trading or asset-intensive environment.
• Strong interpersonal and communication skills to influence cross-functional stakeholders.
• Familiarity with ESG and regulatory frameworks impacting commodity markets is a plus.

Responsibilities

• Risk Framework Development & Governance Driver of the strategic vision for commodity risk management, ensuring alignment with enterprise risk appetite and business objectives.
• Lead, mentor, and develop a high-performing risk control team, including managers and analysts across multiple risk domains.
• Align commodity risk practices with enterprise-wide risk frameworks in collaboration with the ERM team
• Propose valuable improvements to existing models or methodologies for evaluating portfolio risks
• Build and implement comprehensive risk frameworks including VaR, PaR, PFE, stress testing, and scenario analysis
• Operational Risk Management Champion the adoption of analytics, automation, and digital tools to enhance risk identification and mitigation.
• Lead selection of an ETRM platform and risk data infrastructure
• Lead cross-functional risk initiatives, partnering with Trading, Procurement, Treasury, and Corporate ERM to drive enterprise-wide risk culture.
• Monitor daily market, credit, and operational risks across commodity portfolios
• Review and validate forward curves and pricing inputs for MTM, ensuring consistency with market data
• Monitor curve construction for seasonal commodities, flagging anomalies for adjustment
• Support pricing model updates, incorporating new trades or market shifts
• Develop tools to streamline trade data analysis, such as reconciling positions or tracking patterns
• Reporting, Analytics & Stakeholder Engagement Create actionable dashboards and reporting packages: MtM, VaR, stress testing, limit breaches, and P&L attribution
• Deliver regular risk insights and reports to the Senior Director of Finance, Risk Committee, and cross-functional leadership
• Serve as the finance liaison to trading, supply chain, and commercial teams while proactively surfacing insights and mitigation strategies
• Hedging & Mitigation Strategy Partner with front office teams to develop effective hedging strategies (futures, swaps, options, structured products)
• Track and report on open positions, exposures, and counterparty risk; escalate breaches and propose corrective actions
• Conduct back-testing and stress testing to validate assumptions and assess the impact of extreme market conditions
• Team & Cross-Functional Development Lead the buildout and scaling of the commodity risk function, potentially including recruitment and mentorship of credit risk analysts
• Provide coaching and education to business and finance stakeholders on risk principles and risk-adjusted decision-making
• Collaborate with internal audit, compliance, finance operations, and the ERM team to ensure a unified risk management approach

Benefits

• At WM, each eligible employee receives a competitive total compensation package including Medical, Dental, Vision, Life Insurance and Short Term Disability.
• As well as a Stock Purchase Plan, Company match on 401K, and more!
• Our employees also receive Paid Vacation, Holidays, and Personal Days.
• Please note that benefits may vary by site.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees