Risk Analyst - Tauber Oil Company

Tauber Oil is an industry leader in energy commodity trading founded in 1953 and headquartered in Houston, TX. We are searching for a Senior Risk Analyst who will utilize ETRM (RightAngle) to analyze and report mark-to-market valuations, risk positions, basis changes and profit/loss results daily. Our ideal candidate understands how to navigate complexity and facilitate strategic decision making. We are open to the possibility of creating a Director level role if it creates the opportunity to evolve our risk capabilities and empower our organization make better decisions.

Scope of responsibilities:

Daily:

• Validate contracts for accuracy (check price formulas/volumes/conversions etc.)

• Monitor position limits and report when limits are exceeded

• Prepare and review daily deals sheet

• Pro-actively communicate with colleagues when new products are traded

• Enter daily, weekly and monthly prices & exchange rates that are not automated

• Report and monitor flat price position

• Report and monitor day-over-day P&L changes of designated department(s) broken

down between Curveshift, New Deals, Costs and Operational Changes

• Monitor RightAngle transfers of designated department(s)

• Report current position/P&L to trader(s) to catch any abnormalities as a 2nd check daily

• Review incomplete report monthly

• Verify WACOG accuracy within RightAngle

• Provide monthly P&L on 7th WD (1-day after system close)

• Review monthly closing reports and take corrective action (as needed)

• Ensure Financial transactions are properly closed out before expiration

• Reconcile Financial transaction with broker statement

• Reconcile monthly P&L with Accounting for designated departments

Ad-Hoc:

• Ensure proper curve configuration for price curves

• Create/modify market and forward curves

• Identify system inefficiencies and rectify

• Research existing processes and amend as needed

• Mitigate cost lag (freight entered late etc.)

• Automate manual price entry (via scripting or subscription feed)

• Maintain holiday and delivery period calendars

• Train other personnel on RightAngle best practices to assist with correcting MTM data

The objective of the responsibilities below is to identify and assist the risk department with assessing and addressing concerns in the following areas:

Monitoring new contracts and ensuring timely entry into RightAngle.

• Reviewing pricing formulas on deal entry and market valuations for accuracy

• Proper price service subscriptions for contract settlement are obtained

• Full trade economics are captured within RightAngle

• Day-over-day changes in position and P&L are properly reported

• Traders, Risk and Accounting are aligned with results

• Accounting to reconcile close results with risk using P&L attribution report

Education:

Bachelor's Degree in Accounting, Finance, Economics, or other related discipline required.

Qualifications:

3+ years of financial risk management experience gained from an energy commodity trading company, bank or an energy trading consulting firm with specific focus in commodity trading required

Strong CTRM system experience in RightAngle required

Commodity Risk experience within NGL’s, Chemicals, Diesel, Gasoline or Carbon Black Feedstocks required

Understanding of hedging, derivatives, forward contracts and other related financial instruments utilized in commodity trading required

Additional Skills, Attributes and Abilities:

Highly proficient in Microsoft Excel, particularly with pivot tables and modeling

Good understanding of derivatives used for hedging

Demonstrated understanding of market exposure and mark-to-market reporting

Proficiency in programming languages such as VBA, Python or SQL is a plus

Organized and detailed-oriented

Strong problem solving and critical thinking skills

Self-motivated and a pro-active approach

Ability to interact with all levels of colleagues and management team

Tauber Oil Company provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by federal, state, or local laws.

Applicants must be legally authorized to work in the United States for any employer without the need for sponsorship of an immigration authorization or visa.

Relocation assistance will not be provided for this opportunity.