Middle Office and Risk Director

Job Responsibilities:

• Provide daily PnL and commodity position reports to trading desk and management team and provide meaningful explanations for significant changes in economic value
• Ensure all commercial transactions and related risks are appropriately captured by the Company’s risk systems to ensure effective downstream reporting of value and exposure
• Liaise with Front Office & Finance teams to develop pricing and valuation models for structured commodity transactions
• Independently verify all forward curves marked by the Front Office
• Assess open positions against internal market risk limits and communicate potential violations
• Assist the Finance group with the assessment of market liquidity associated with all open positions
• Perform routine VaR analyses and pricing stress tests to further support market risk oversight
• Reconcile commodity clearing account daily and forecast potential variation margin exposures in various pricing scenarios
• Assist with special projects, such as: technology initiatives; reporting system improvements and automation solutions

Qualifications & Experience:

• Bachelor’s degree in Business, Finance, Mathematics, Economics, Engineering, or similar
• 10+ years’ experience in either commodity Middle Office or Risk Management functions, with at least 5 years of supervisory experience
• Deep understanding of wholesale natural gas and power trading
• Deep understanding of Texas intrastate natural gas markets and ERCOT power markets
• Sufficient understanding of both physical and financial commodity market mechanics
• Working knowledge of quantitative risk management models and methodologies
• Experience with trading and risk management systems required
• Experience supporting system implementation projects is preferred
• Advanced Excel proficiency including VBA and MS PowerQuery required
• Advanced knowledge of MS/SQL required
• PYTHON experience preferred, but not required
• Communication and Teamwork skills required: Candidate must possess excellent interpersonal skills and effectively collaborate with others to optimize team success
• Must be comfortable working remotely from the office if required

Benefits: This position is located in Austin, Texas.  Selected candidate is eligible for employer matched 401(k), medical, dental, vision, disability, basic life and AD&D insurances and other benefit offerings.