Market Risk Manager

February 11, 2021
  • Location: Houston, Tx 77024.
  • Type: Permanent
  • Job #10453


MARKET RISK MANAGER required by our Client based in the oil and gas industry, to be hired on a full-time basis, located in Houston, TX

Duration: Permanent


Responsible for the risk of changing conditions in the natural gas market including competitors’ behavior.


  • Identifying market risk in a variety of settings.
  • Measuring and analyzing market risk in a variety of settings.
  • Adapting to current developments and future directions in market risk management.
  • Advising on the risk characteristics on complex deals/trades and reporting market information to internal and external stakeholders.
  • Supervise and manage the market risk team to perform daily tasks and management reporting.
  • Verify the pricing and risk models of new products and conduct back testing on the models.
  • Responsible for risk database development and maintenance.
  • Support the calibration and validation of market and credit risk parameters for use in capital modelling.
  • Develop and maintain a stress and scenario testing framework.
  • Develop and implement new risk processes and systems.
  • Review the liability-based benchmarks.
  • Monitoring liquidity risk and the groups liquidity risk framework.
  • Support risk review and advice on sign offs on any expansions or significant variations to existing portfolios, including new products and market expansions.
  • Manage the Market risk group.



  • Commodities risk experience (4+ years) ideally from a trading company. Actuarial consultancy or ratings agency also acceptable.
  • Understand standard industry contracts:
    • NAESB
    • EEI
    • ISDA
    • Regulated contract from ISO’s
  • Sound understanding of investment fundamentals, asset classes, sectors and principles.
  • Familiarity with non-trading agreements:
    • Storage agreements
    • Pipeline agreements
    • Transport agreements
    • Netting agreements
    • Structured deal contracts
  • Good understanding of risk management methodologies including VaR.
  • Good understanding of risk-based economic models including Solvency II. Significant experience with quantitative risk modelling, ideally with practical experience with stochastic risk models.
  • Graduate degree or professional qualifications in financial modelling, economics, quantitative risk or equivalent.
  • Strong analytical/quantitative and programming skills.
  • Good understanding of market risk management concepts, practice and models.
  • Excellent communication skill, good analytical mind, ability to operate in fast-paced and collaborative environment.
  • Excellent knowledge of financial derivatives, forward contracts, hedging, finance, and energy sector economics; in-depth understanding of commodity and foreign exchange transactions including physical buy/sells, financial swaps, spreads, futures, and options with an ability to examine hedge efficiencies and exposures.
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