Targa Resources
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Reporting to the Director of Commodity Risk, the Senior Risk Analyst will be key to analyzing and reporting on corporate commodity price risk, working in conjunction with Front Office.
JOB DUTIES AND RESPONSIBILITIES
Identifying and Monitoring Market and Operational Risk Responsible for identifying and helping manage risks associated with natural gas and natural gas liquids trading and exposure (physical and financial) Management and ongoing development of the daily preparation, monitoring, and analysis of risk management reporting; this includes, but is not limited to open position, mark-to-market, and price reporting for all commodities Review, analyze, interpret and provide daily exposure and mark to market P&L reporting and verification Work closely with traders to quantify and explain the sources of risk in their portfolios Evaluate new opportunities (M&A, business lines, trading opportunities, etc.) from a risk perspective as they arise Coordination between credit reporting and risk reporting including identifying discrepancies and ensuring consistent and accurate data across both functions for all products Measuring and Assessing Market and Operational Risks Research, develop and enhance market risk models and methodologies Ensure products and deals are properly reflected in Allegro (natural gas) and RightAngle (natural gas liquids) systems Validate system inputs including price curves and deal entry to ensure the proper Mark-to-Market (MTM), and Profit and Loss results Support creation of effective control environment Assess market risk via VaR, back-test, stress-test, scenario analysis and/or sensitivity studies Support internal and external audit requests Other duties as assigned MINIMUM ESSENTIAL QUALIFICATIONS
Requires a minimum of 5 years of experience in a similar role Requires a Bachelor’s degree in finance, mathematics, statistics or a related field from an accredited college or university Experience with ION products including RightAngle and Allegro Experience building Advanced Excel-based models to analyze data required Regular and reliable attendance EQUAL EMPLOYMENT OPPORTUNITY
Targa Resources provides equal employment opportunities based on merit, experience, and other work-related criteria and without regard to race, color, ethnicity, religion, national origin, sex, age, pregnancy, disability, veteran status, or any other status protected by applicable law. We also strive to provide reasonable accommodation to employees’ beliefs and practices that do not conflict with Targa’s policies and applicable law. We value the unique contributions that every employee brings to their role with Targa.
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Identifying and Monitoring Market and Operational Risk Responsible for identifying and helping manage risks associated with natural gas and natural gas liquids trading and exposure (physical and financial) Management and ongoing development of the daily preparation, monitoring, and analysis of risk management reporting; this includes, but is not limited to open position, mark-to-market, and price reporting for all commodities Review, analyze, interpret and provide daily exposure and mark to market P&L reporting and verification Work closely with traders to quantify and explain the sources of risk in their portfolios Evaluate new opportunities (M&A, business lines, trading opportunities, etc.) from a risk perspective as they arise Coordination between credit reporting and risk reporting including identifying discrepancies and ensuring consistent and accurate data across both functions for all products Measuring and Assessing Market and Operational Risks Research, develop and enhance market risk models and methodologies Ensure products and deals are properly reflected in Allegro (natural gas) and RightAngle (natural gas liquids) systems Validate system inputs including price curves and deal entry to ensure the proper Mark-to-Market (MTM), and Profit and Loss results Support creation of effective control environment Assess market risk via VaR, back-test, stress-test, scenario analysis and/or sensitivity studies Support internal and external audit requests Other duties as assigned MINIMUM ESSENTIAL QUALIFICATIONS
Requires a minimum of 5 years of experience in a similar role Requires a Bachelor’s degree in finance, mathematics, statistics or a related field from an accredited college or university Experience with ION products including RightAngle and Allegro Experience building Advanced Excel-based models to analyze data required Regular and reliable attendance EQUAL EMPLOYMENT OPPORTUNITY
Targa Resources provides equal employment opportunities based on merit, experience, and other work-related criteria and without regard to race, color, ethnicity, religion, national origin, sex, age, pregnancy, disability, veteran status, or any other status protected by applicable law. We also strive to provide reasonable accommodation to employees’ beliefs and practices that do not conflict with Targa’s policies and applicable law. We value the unique contributions that every employee brings to their role with Targa.
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