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Omega AS

Risk Analyst/Commodity Trading

Omega AS, Houston, Texas, United States, 77246

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NSB Omega is searching for a Risk Analyst/Commodity Trading for our MAJOR Oil & Gas Client in Houston, TX.

Assignment Description Key Responsibilities:

Daily P&L and Exposure Reporting: Generate and validate daily P&L and exposure reports across a diverse set of commodities including crude oil, gasoline, distillates, fuel oil, Renewables, NGLs

PnL Attribution and Commentary: Analyze and explain daily P&L movements, identifying key risk drivers and market impacts

Trade and Deal Validation: Ensure accurate trade capture and representation in risk systems, collaborating with front office and operations to resolve discrepancies.

Curve and Pricing Validation: Validate market curves and pricing inputs to ensure consistency and accuracy in valuation.

Cross-Functional Collaboration: Partner with trading, scheduling, accounting, and risk teams to support timely and accurate reporting and issue resolution.

Process Optimization: Lead and support initiatives to standardize and automate reporting processes. Contribute to the development and enhancement of risk systems, dashboards, and analytical tools.

Governance & Controls: Support compliance with internal policies and regulatory requirements, ensuring robust control frameworks are maintained

Team Continuity & Leadership: Provide backup coverage across regions or products and mentor junior analysts to foster knowledge sharing and team development.

Financial Reporting Alignment: Collaborate with FP&A to ensure mark-to-market P&L aligns with GAAP standards used for external financial reporting.

Technical Skills

Advanced Excel skills

Experience with ETRM systems such as SAP, Openlink, Endur, Allegro, or FIS

Familiarity with Power BI; Python or SQL is a plus

Knowledge Areas

Commodity markets and instruments

Trade lifecycle and settlement processes

Risk and valuation methodologies

Soft Skills

Strong communication skills with the ability to explain complex risk concepts to diverse stakeholders

Excellent organizational skills and the ability to manage multiple priorities in a dynamic environment

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