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Targa Resources · 7 hours ago

Sr. Risk Analyst

Houston, TX

Full-time

Onsite

Senior Level

5+ years exp

Targa Resources is seeking a Senior Risk Analyst to analyze and report on corporate commodity price risk, collaborating closely with the Front Office. The role involves identifying, measuring, and managing market and operational risks associated with natural gas trading, as well as supporting audit requests and ensuring effective risk management reporting.

EnergyFinanceLogisticsOil and Gas

Comp. & Benefits

Responsibilities

Identifying and Monitoring Market and Operational Risk

Responsible for identifying and helping manage risks associated with natural gas and natural gas liquids trading and exposure (physical and financial)

Management and ongoing development of the daily preparation, monitoring, and analysis of risk management reporting; this includes, but is not limited to open position, mark-to-market, and price reporting for all commodities

Review, analyze, interpret and provide daily exposure and mark to market P&L reporting and verification

Work closely with traders to quantify and explain the sources of risk in their portfolios

Evaluate new opportunities (M&A, business lines, trading opportunities, etc.) from a risk perspective as they arise

Coordination between credit reporting and risk reporting including identifying discrepancies and ensuring consistent and accurate data across both functions for all products

Measuring and Assessing Market and Operational Risks

Research, develop and enhance market risk models and methodologies

Ensure products and deals are properly reflected in Allegro (natural gas) and RightAngle (natural gas liquids) systems

Validate system inputs including price curves and deal entry to ensure the proper Mark-to-Market (MTM), and Profit and Loss results

Support creation of effective control environment

Assess market risk via VaR, back-test, stress-test, scenario analysis and/or sensitivity studies

Support internal and external audit requests

Other duties as assigned