Risk Analyst

Position Summary

Responsible for implementing and maintaining the energy trading risk management system and tools related to natural gas and liquids marketing. Perform counterparty credit reviews and recommend open credit limits, manage the monthly invoicing cycle and reconciliation of discrepancies with counterparties. Manage the transaction confirmation process with all marketing counterparties. Analyze data to support risk analysis for gas markets. Support the application of disciplined risk optimization approach in gas trading activities to ensure proper risk reporting, compliance with the internal gas marketing policy and government regulations.

Essential Duties and Responsibilities

• Understand, implement, and maintain the energy trading risk management system, including but not limited to price curves, counterparties, counterparty and pipeline transportation contracts, name changes, credit limits, delivery locations, firm transportation paths inclusive of transportation variables, and deal validation/checkout.
• Manage the deal confirmation process including identification and timely resolution of discrepancies with both internal and external counterparties.
• Perform credit analysis and review financial statements of all counterparties the Company transacts with on an annual basis. Recommend open credit limits based on analysis and obtain collateral as necessary. Responsible for counterparty collateral management including requesting and tracking letter of credit and guaranty amendments, to ensure proper security is in place in accordance with internal company policies.
• Work with Accounting to post letters of credit or cash as needed to support marketing functions including NGX clearing, and pipeline park and loan accounts.
• Run credit exposure reports and distribute to Marketing & Transportation staff daily.
• On a daily basis, ensure that all end of day and automated price load activities were successful and accurate.
• In accordance with internal controls, SOX reporting, and marketing policies, submit daily email confirmation on transactions ensuring accuracy and completeness.
• Accurately generate, distribute, reconcile, and finalize invoices for all physical gas marketing transactions. Assist Accounting as needed, primarily with answering transactional related questions.

Other Duties and Responsibilities

• Assist with performing system upgrades and testing processes. Identify enhancements needed, partner with IT and vendor, test, schedule, document, and train others.
• Perform other duties as assigned.

Qualifications

Required Education, Experience, Licensure

• Bachelor’s Degree in Business or other business related degree.
• Three (3) to five (5) years of Accounting, Finance, Risk Management or related experience in Oil &Gas Industry and/or in Producer or Trading organization.

Preferred Education, Experience, Licensure

• Experience with Energy Trading Risk Management (ETRM) system.
• Commodity market experience with knowledge of gas and/or power markets.

Required Core Competencies – Knowledge, Skills, and Abilities

• Knowledge of energy markets such as natural gas and oil markets.
• Good understanding of North American Energy Standards Board (NAESB) contracts and associated Special Provisions with derivative pricing and/or various middle office functions.
• Functional understanding of physical gas trading, associated terminology, and transactions.
• Financial acumen and understanding of common financial risk metrics and control methodologies.
• Strong analytical skills with the ability to recognize, analyze, and solve complex problems.
• Data management skills along with understanding of the fundamentals behind the data.
• Good organizational skills with ability to manage and prioritize multiple assignments with competing deadlines.
• Good written and verbal communication skills with the ability to communicate with various internal and external parties.
• Good collaboration skills with ability to build strong relationships and work cross functionally with various levels of the organization and external teams.
• Good interpersonal skills with the ability to establish and maintain effective working relationships.
• Working knowledge of Microsoft Office Suite with including Excel, Word, and PowerPoint.
• Demonstrate and understand high ethical and professional behavior, business practices, and ensure own behavior and the behavior of others are consistent with these standards and values.

Supervisory Responsibilities

• Functions as an individual contributor with no supervisory responsibilities.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

• Job is performed in an office setting with exposure to computer screens and requires regular use of a computer, keyboard, mouse, and multi-line telephone system.
• The noise level in the work environment is usually loud.
• Specific vision abilities required by this job include close vision, distance vision and ability to adjust focus.

Physical Demands

• The employee is regularly required to sit, stand, walk, and reach with hands and arms.
• The employee may minimally push, lift, and/or move up to 25 pounds.

Travel Requirements

• No travel required.

The above declarations are not intended to be an all-inclusive list of the duties and responsibilities of the job described, nor are they intended to be such a listing of the skills and abilities required to do the job. Rather, they are intended only to describe the general nature of the job.