The Risk Control Analyst is a key mid-office position supporting the commodities marketing groups and interfacing with commercial, risk management, scheduling, and accounting at all levels of the organization. The analyst is accountable for ensuring a robust control environment that requires a deep understanding of not only risk control functions, but the refined products business as a whole. The successful analyst is driven to provide accurate and timely information that supports business decision making and ensures compliance with internal and external regulatory entities. Responsibilities include, but are not limited to the following:
- Develop a robust understanding of the refined products market structure, business strategies, and exposures that can be leveraged to provide expert-level analysis and analytics.
- Generate, analyze and explain daily and monthly position, P&L, exposure, and capital usage reports and analytics to support business decision making.
- Monitor, control and report daily transaction activity from financial and refined products marketing desks to ensure compliance with approved risk management policies.
- Proactively monitor end-of-day financial trade processing to ensure timely and accurate trade capture in energy trading risk management and hedge accounting systems.
- Perform daily reconciliations between financial institutions (clearing brokers) and trade capture systems.
- Monitor seasonal pricing changes and ensure the appropriateness and integrity of market curves used for mark-to-market reporting.
- Compile, review and distribute daily price and transaction reports and/or monitor EFP reporting to exchanges—as required.
- Monitor hedging programs to ensure compliance with approved risk management objectives.
- Provide analysis and recommendations for acceptable hedge instruments and practices to ensure compliance with hedge accounting requirements.
- Provide timely and complete analysis of daily P&L and position changes as well as perform ad-hoc analysis as requested by marketing and risk leadership.
- Prepare monthly hedge accounting analysis in conjunction with Derivatives Accounting and Marketing Accounting as well as provide explanations around monthly transaction activity to support accounting close.
- Proactively assess and improve processes and procedures to ensure information integrity in a fast-paced and ever-changing environment.
- Work closely with IT team members to design, validate, implement, troubleshoot and maintain various system solutions for updates to volumes, prices, tariffs and fees and bulk transactions, contractual capacities and other variables used for both positions and P&L reporting.
The successful candidate will meet the following qualifications:
- A minimum of a Bachelor's degree in accounting, finance, economics, statistics or related technical discipline is required.
- A Master’s degree is preferred.
- A minimum of two years of related experience in the energy markets and/or industrial sector (i.e., petrochemical, refinery, LNG, etc.) is preferred.
- Detailed knowledge of refined products marketing activity is preferred.
- The ability to grasp and accurately communicate complex transactions and models to varying levels of the organization while highlighting pertinent information for the target audience is required.
- Detailed knowledge of financial derivative instruments like forwards, futures, swaps, and options is preferred.
- Advanced proficiency in Microsoft Excel is required while extensive experience performing data mining, modeling and data analysis with Excel is preferred.
- Experience with an ETRM system like RightAngle, Endur - OpenLink or Sungard and reporting platforms like Business Objects is preferred.
- Ability to work in a diverse, fast-paced, team oriented environment with flexibility to work hours needed to meet critical reporting and project deadlines. Must be extremely reliable.
- A strong desire to obtain intimate knowledge and understanding of the company’s assets, defined risk management objectives and work process/system portfolio and strategy structure is essential.
