Sr. Risk Analyst

Targa Resources • Houston, TX

71d

About The Position

Reporting to the Director of Commodity Risk, the Senior Risk Analyst will be key to analyzing and reporting on corporate commodity price risk, working in conjunction with Front Office.

Requirements

• Requires a minimum of 5 years of experience in a similar role
• Requires a Bachelor's degree in finance, mathematics, statistics or a related field from an accredited college or university
• Experience with ION products including RightAngle and Allegro
• Experience building Advanced Excel-based models to analyze data required
• Regular and reliable attendance

Responsibilities

• Identifying and Monitoring Market and Operational Risk
• Responsible for identifying and helping manage risks associated with natural gas and natural gas liquids trading and exposure (physical and financial)
• Management and ongoing development of the daily preparation, monitoring, and analysis of risk management reporting; this includes, but is not limited to open position, mark-to-market, and price reporting for all commodities
• Review, analyze, interpret and provide daily exposure and mark to market P&L reporting and verification
• Work closely with traders to quantify and explain the sources of risk in their portfolios
• Evaluate new opportunities (M&A, business lines, trading opportunities, etc.) from a risk perspective as they arise
• Coordination between credit reporting and risk reporting including identifying discrepancies and ensuring consistent and accurate data across both functions for all products
• Measuring and Assessing Market and Operational Risks
• Research, develop and enhance market risk models and methodologies
• Ensure products and deals are properly reflected in Allegro (natural gas) and RightAngle (natural gas liquids) systems
• Validate system inputs including price curves and deal entry to ensure the proper Mark-to-Market (MTM), and Profit and Loss results
• Support creation of effective control environment
• Assess market risk via VaR, back-test, stress-test, scenario analysis and/or sensitivity studies
• Support internal and external audit requests
• Other duties as assigned

What This Job Offers

• Career Level: Mid Level
• Industry: Utilities
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees