What are the responsibilities and job description for the Risk Analyst / Sr. Risk Analyst position at Tricon Energy?
Overview
Come discover why Tricon has been certified as a Great Place to Work®! The award is based entirely on what current employees say about their experience working at Tricon. Great Place to Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation.
About us: Tricon is an industry leader in the global commodity trade and distribution market. In our 26 years in business, we have grown to become one of the largest privately held companies in Houston, TX and recognized as the 2nd largest chemical distributor in the world. Our diverse team spans 25 offices worldwide, adding value by providing logistic, risk management, financing, and market intelligence services. We strive to enhance international commerce through the physical movement and marketing of industrial petrochemicals, polymers, fuels, and raw materials. By providing our suppliers and customers with streamlined services, they are able to focus on their core business.
This hybrid position will be located at the global office headquarters in Houston, TX and will report to the Chief Risk Officer (CRO).
Responsibilities
- Interact with commercial teams to understand strategies and risk
- Create and report daily P/L and position reports for commercial desks and executive team
- Explain position changes and P/L drivers
- Review reports to ensure deal capture, positions, price curves, and settlement prices are accurately reflected
- Provide timely and accurate attribution of changes related to market movements and trading activities, including commentary on key economics
- Coordinate with international offices to resolve position and P/L discrepancies
- Assist in the setup, configuration and implementation of risk systems
- Ensure that commercial transactions and related risks are appropriately defined and captured by the Company’s risk systems and risk methodologies
- Analyze risks/return related to new products, markets and structured deals and liaise with the business functions to assure constituent risks are understood, are appropriate to risk appetite and correctly reported
- Monitor positions against market risk metrics and limits and liaise with the business managers and risk control regarding potential limit exposures, redistribution of risk capital and limit violations
- Identify stress tests to determine the circumstances under which the business portfolio could incur material losses and assist in analyzing strategies to mitigate unwanted exposures
- Identify, analyze and report on significant commodity risks across the platform and assist in ad-hoc risk related queries and projects; specific risk analyses and reports
- Assist with special projects, such as: ETRM and related technology projects; New product initiatives; Periodic accounting close activities, such as explain economic results to accounting results; Ad hoc inquiries
- Contribute to the development of the Risk team and to the positive working environment
Experience & Qualifications
- 4 years’ experience in risk management in energy or other commodity businesses preferred
- Bachelor’s degree required, Master's preferred in quantitative discipline (Finance, Economics, Mathematics, or similar)
- Product knowledge in gas, oil, and/or petrochemical markets
- Advanced Excel and VBA/SQL skills, knowledge of database and data management concepts
- Knowledge of common risk metrics including Value at Risk, Stress tests
- Knowledge of financial market mechanics, valuation of physical/financial contracts (futures and options)
- Working knowledge of quantitative risk management models, and methodologies
- Dynamic interpersonal skills with strong verbal, writing and presentation skills
- Experience with the development, implementation, application, and oversight of risk metrics and models
- Experience with trading and risk management systems required
- Experience supporting system implementation projects is preferred
- Capacity to work under time-sensitive business and reporting deadlines
- Ability to effectively work as part of a team
This position may require occasional international and domestic travel.
