Jr. Risk Analyst (commodity)

Overview

It’s an exciting time to work at Tricon - come discover why we’ve been certified as a Great Place to Work®! Our business has been built on a foundation of perseverance, teamwork, and some of the industry’s top talent. Tricon’s company philosophy is rooted in a culture of independence and accountability, and we’re looking for innovative employees that are ready to help us grow in fast-paced, dynamic markets.

About us: Tricon is an industry leader in the global commodity trade and distribution market. In our 28+ years in business, we have grown to become one of the largest privately held companies in Houston, TX, and recognized as the world’s 3rd largest chemical distributor by ICIS. Our diverse team of more than 750 employees across 25+ offices worldwide add value to our customers and partners by providing logistic, risk management, financing, and market intelligence services. We strive to enhance international commerce through the physical movement and marketing of industrial petrochemicals, polymers, fuels, and raw materials. By providing our suppliers and customers with streamlined services, they are able to focus on their core business.

Responsibilities

• Interact with commercial teams to understand strategies and risk.
• Create and report daily P/L and position reports for commercial desks and executive team.
• Review reports to ensure deal capture, positions, price curves, and settlement prices are accurately reflected.
• Provide timely and accurate attribution of changes related to market movements and trading activities, incl. commentary on key economics.
• Regularly reconcile the exposure with traders and operators to ensure the accuracy of figures.
• Coordinate with international offices and different departments to resolve position and P/L discrepancies.
• Assist in the setup, configuration and implementation of risk systems.
• Ensure that commercial transactions and related risks are appropriately defined and captured by the Company’s risk systems and risk methodologies.
• Analyze risks/return related to new products, markets and structured deals and liaise with the business functions to assure constituent risks are understood, are appropriate to risk appetite and correctly reported.
• Monitor positions against market risk metrics and limits and liaise with the business managers and risk control regarding potential limit exposures, redistribution of risk capital and limit violations.
• Identify stress tests to determine the circumstances under which the business portfolio could incur material losses and assist in analyzing strategies to mitigate unwanted exposures.
• Identify, analyze and report on significant commodity risks across the platform and assist in ad-hoc risk related queries and projects; specific risk analyses and reports.
• Assist with special projects, such as: ETRM and related technology projects; New product initiatives; Periodic accounting close activities, such as explain economic results to accounting results; Ad hoc inquiries.
• Contribute to the development of the Risk team and to the positive working environment.

Experience & Qualifications

• 3+ years’ experience in risk management in energy or other commodity businesses preferred
• Bachelor’s degree required (Finance, Economics, Mathematics, or similar field)
• Product knowledge in gas, oil, and/or petrochemical markets
• Knowledge of financial market mechanics, valuation of physical/financial contracts
• Working knowledge of quantitative risk management models, and methodologies
• Advanced Excel and VBA/SQL skills, knowledge of database and data management concepts. Python is a plus.
• Dynamic interpersonal skills with strong verbal, writing and presentation skills
• Experience with the development, implementation, application, and oversight of risk metrics and models
• Experience with trading and risk management systems required
• Experience supporting system implementation projects is preferred
• Capacity to work under time-sensitive business and reporting deadlines
• Ability to effectively work as part of a team as well as independently

Tricon is an equal opportunity employer. We embrace diversity and are committed to creating an inclusive working environment.