Manager - Risk Management

Energy Transfer LP
United States, Texas, Houston
Nov 07, 2024
Summary: The Risk Manager supports various trade desks at Energy Transfer by overseeing business analytics and managing exposure to commodity prices. This role includes supervising a team of analysts and ensuring that pricing, hedging, risk evaluation techniques, and derivative accounting practices are applied, monitored, and optimized. The Risk Manager will regularly interact with traders and senior management, providing strategic insights and ensuring robust risk management practices across the organization. Essential Duties and Responsibilities: Team Management: Lead and mentor a team of risk analysts, providing guidance, setting performance goals, and conducting regular evaluations. Ensure that the team effectively monitors, measures, and reports market price risks daily, including risks from company assets, long-term contracts, wholesale physical energy transactions, inventory, and financial derivatives. Oversee the analysis and identification of P&L and position drivers across various trading books, ensuring accuracy and timeliness. Risk Monitoring & Mitigation: Determine market-price risk positions and work closely with trade desks to develop strategies that minimize exposure. Validate end-of-day curves in the risk system and oversee the mark-to-market of forward positions. Ensure accurate application of derivative accounting principles, including hedge accounting and fair value measurement of financial instruments. Communicate and resolve risk limit breaches appropriately, ensuring swift and effective action is taken. Compliance & Reporting: Ensure compliance with exchange (ICE & CME) and regulatory requirements (CFTC & FERC). Support internal and external audit requests, providing necessary documentation and explanations. Maintain margin requirements with clearing banks, ensuring all obligations are met. Prepare detailed reports on derivative positions, P&L impact, and compliance with accounting standards. System & Process Improvement: Collaborate with IT on risk system (ETRM) improvements, leading the testing and implementation of new enhancements. Identify opportunities for process optimization within the risk management framework. Requirements: Education and/or experience, knowledge, skills & abilities: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements for this position are listed below: Education and Experience: Bachelor's degree in business, economics, mathematics, accounting, or a related field. Advanced degree (e.g., MBA, Master's in Finance) or professional certifications (e.g., CFA, CPA, FRM) are strongly preferred. 8+ years of related experience, with a strong background in risk management within the energy sector. Proven experience in leading and managing a team, with the ability to mentor and develop direct reports. Skills & Abilities: Strong analytical skills with the ability to interpret complex market data. Advanced proficiency in Excel and Microsoft Office. Excellent interpersonal and communication skills, with the ability to interact effectively with senior management, traders, and other stakeholders. Preferred Qualifications: Self-starter with the ability to work independently and manage multiple priorities. Strong leadership skills, with a track record of successfully managing teams and delivering results in a fast-paced environment. Advanced degree or professional certification relevant to risk management or accounting (e.g., CFA, CPA, FRM). Working Conditions: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. * Usually, normal office working conditions. * Must be able to remain in a stationary position 50% of the time due to prolonged periods of sitting or standing. * Occasional overnight travel may be required. * Occasional visits to industrial/manufacturing settings, which may include exposure to various materials and chemicals, as well as extreme temperature conditions and loud machinery, and require appropriate personal protective equipment. An equal opportunity employer/disability/vet Energy Transfer is an equal opportunity employer and does not discriminate against qualified applicants on the basis of actual or perceived race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, pregnancy, veteran status, genetic information, citizenship status, or any other basis prohibited by law. The nature and frequency of the above working conditions and requirements may vary depending on individual operational circumstances. Where feasible, the Partnership will make reasonable accommodations to qualified individuals with disabilities to enable them to perform the essential functions of the job. DISCLAIMER: The statements listed in this job posting, which are subject to change, are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified.