Market Risk Analyst - North American Crude & Freight

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ExxonMobil's state-of-the-art campus north of Houston serves as home to its Upstream, Product Solutions and Low Carbon Solutions businesses and their associated service groups. The facility opened in 2014 and accommodates more than 10,000 employees and visitors.

By bringing many global functional groups together, the campus provides employees with the tools and capabilities needed today, and in the future, to achieve business objectives and accelerate the discovery of new resources, technologies and products. It was designed to foster improved collaboration, creativity and innovation and enhance the company’s ability to attract, develop and retain the top talent in the industry.

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About

Learn more about what we do in Houston here.

What role you will play on our team

The Market Risk Analyst position is responsible for monitoring trading activities for compliance with Market Risk Management policies and developing and maintaining tools for Global Trading activities. You will be responsible for independently identifying, measuring, and reporting trading gross margin, exposures, and the market risk of the portfolio of transactions that are executed and owned by the Commercial organization. You will work with a dynamic, global team in a high-visibility role that provides advice to the Commercial organization on risk appetite, risk limit utilization and market risk mitigation strategies, and risk assessments and insights to senior management.

What you will do

Act as Market Risk focal point for front-office and senior stakeholders. Develop strong relationships with Commercial stakeholders and possess deep end-to-end understanding of Global Trading strategies, associated exposures and future growth aspirations for the trade desk supported.

Understand supply and demand fundamentals, including regional/locational price differences, fundamental drivers of changes in these spreads, historical market direction and trends/underlying fundamental causes.

Show a strong commitment to market risk management principles, including being proactive, transparent, and open to debate with Global Trading as necessary.

Independently assess and advise on risk profiles from the trade to portfolio level (e.g., risk reward trade-off, optimization of constrained risk, liquidity, market fundamentals, and market sentiment sensitivities).

Ensure adherence to mandated exposure and risk limits and provide guidance on actions to be taken to reduce risk if necessary.

Execute daily market risk processes and generate risk reports, collaborating closely with Global Trading teams to manage market risk.

Provide daily, insightful commentary of key portfolio activity including their implications for market intelligence, exposure changes, and new deal activity.

Collaborate with Global Trading support functions (e.g. Finance, Accounting) for deal support and general portfolio queries.

Ensure Global Trading data integrity by validating positions and reconciling any inconsistencies with responsible traders.

Review plan for hedging and provide support to develop Global Trading limits. Ensure that the proposed transaction and associated hedges can be properly valued and reported by the risk management system of record.

Further develop and build out Risk reporting and ad-hoc analysis tools using advanced computer skills (e.g. Excel, VBA, SQL, Python, R, Tableau, Power BI).

Participate in month, quarter, and year-end closing processes.

Work closely (daily) with refinery coordinators and optimizers, product schedulers and crude traders. to validate production data and trades impacting inventory positions and generate hedging signals.

About you

Required Qualifications

Bachelor's degree or above (Master's, MBA, CFA, or Ph.D.) in Economics, Finance, Mathematics or Statistics

2-4 years of experience in financial, energy or chemical risk management

Strong knowledge of crude oil and freight markets, as well as other energy and traded markets

Strong understanding of physical trading, derivatives, and financial products

Excellent quantitative and analytical skills

Excellent proficiency in Excel (experience with SQL or quantitative programming languages such as Python preferred)

Experience with Energy Trading Risk Management Systems

Collegiality and truly good interpersonal skills balanced with a disciplined risk management approach

Preferred Qualifications:

Experience with Python/SQL

High level of Excel proficiency

Familiarity with trade capture and nomination / scheduling systems

Your Benefits

An ExxonMobil career is one designated to last. Our commitment to you runs deep: our employees grow personally and professionally, with benefits built on our core categories of health, security, finance, and life.

We offer you:

Competitive salary

Defined Benefit Pension scheme

Share incentive plan

Private healthcare for employees and their families

More information on our Company’s benefits can be found at www.exxonmobilfamily.com.

Please note benefits are subject exclusively to the terms of each plan’s governing documents and may be changed from time to time without notice, subject to applicable law.

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Equal Opportunity Employer

ExxonMobil is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, sexual orientation, gender identity, national origin, citizenship status, protected veteran status, genetic information, or physical or mental disability.

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