Risk Management Analyst

2 weeks ago

Houston, Texas, United States Marathon Petroleum Corporation Full time
Join Our Dynamic Team

At Marathon Petroleum Corporation, we pride ourselves on fostering an inclusive workplace that values innovative ideas and diverse perspectives. We are dedicated to developing our employees and nurturing a collaborative environment.

POSITION SUMMARY

Marathon Petroleum Corporation (MPC) stands as a premier, integrated downstream energy enterprise. We manage the largest refining system in the nation, boasting a crude oil refining capacity of 3 million barrels per calendar day across 13 refineries. Our refineries are interconnected through pipelines, terminals, and barges, optimizing operational efficiency.

Marathon Petroleum Supply and Trading (MST) plays a pivotal role within MPC, focusing on sourcing advantageous feedstocks and maximizing product value. This trading landscape necessitates a top-tier Commercial Risk organization.

The Commercial Risk team is vital to MST, primarily responsible for assessing daily positions, profit and loss (PNL), and exposure, thereby facilitating commercial trading and hedging activities alongside financial analysis and reporting. The roles within Commercial Risk are crucial for overseeing daily trading performance and ensuring the organization extracts value from its supply and trading operations through in-depth financial analysis and strong commercial insight. The team guarantees that financial outcomes align with market conditions, providing independent oversight of trading performance and ensuring compliance with the company's established boundaries.

An opportunity has arisen for an analyst within the Commercial Risk team. In collaboration with the trading team, you will manage a portfolio of supply and trading activities, working closely with traders and schedulers. This role involves defining daily hedges to mitigate market risk on held inventory and facilitating discussions regarding performance and the effects of price fluctuations on your assigned portfolio.

This position offers a pathway for career advancement as a Risk/Middle Office professional, presenting future leadership opportunities and the potential to transition into derivative or physical trading roles, as the Risk organization serves as a key talent pipeline for these areas.

ROLE OVERVIEW:

We are looking for a proactive and detail-oriented Risk professional to join our Commercial Risk team. The ideal candidate will possess a robust background in risk management, analytics, and reporting. This role is essential for monitoring, analyzing, and accurately reporting the company's exposure to various risks.

KEY RESPONSIBILITIES

  • Generate and validate daily portfolio position and Marked to Market (MtM) reports, assisting with the analysis of portfolio returns.
  • Provide independent evaluations of market risk and conduct financial analysis on trading profit and loss, issuing reports on portfolio positions and results while challenging traders on their strategies.
  • Collaborate with team members and stakeholders, including Accounting, Refining Operations, Schedulers, and Traders, to design and enhance processes for accurate and timely exposure information.
  • Ensure the accuracy and consistency of inputs to MtM results in accordance with policies and procedures.
  • Test and validate new data sources to enable quicker and more precise compilation of position data.
  • Develop and maintain weekly and monthly analysis reports, equipping commercial leadership with tools for informed decision-making and optimization of commercial strategies.
  • Automate processes to enhance efficiency in daily tasks.
  • Support the team on ad-hoc projects as needed.
  • Coordinate with IT Services and other departments to improve systems for gathering, analyzing, and reporting risk management activities.

REQUIREMENTS

EDUCATION

  • A minimum of a bachelor's degree in Finance, Economics, Mathematics, Accounting, or a related field is required.

EXPERIENCE

  • At least 5 years of industry experience in financial analysis and reporting (energy, trading, banking, or capital markets).
  • Proven expertise in risk analytics/risk management within a financial analysis or risk team of a trading group focused on physical crude oil, refined products, or natural gas.

SKILLS

  • Exceptional attention to detail and a high degree of accuracy.
  • Strong analytical and problem-solving capabilities.
  • Ability to manage multiple projects in a fast-paced, deadline-driven environment.
  • Excellent communication and interpersonal skills, with the ability to build rapport across teams.
  • Self-motivated, capable of delivering results with minimal supervision, and able to independently challenge the trading desk.
  • Comprehensive understanding of market exposure and mark-to-market reporting.
  • Assist in developing and implementing risk management policies and procedures.
  • Stay informed on industry trends, regulations, and best practices in risk management.
  • Innovative mindset, comfortable with change and challenging the status quo.
  • Proficient in computer skills, particularly Excel, with preferred experience in Power BI and/or Tableau.
  • Preferred experience with Right Angle.

The successful candidate will be placed at a level commensurate with their experience and qualifications. As a leader in the energy sector, we offer career opportunities that fuel both personal and professional growth.

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