What are the responsibilities and job description for the Director - Financial Trading position at Expand Energy Corporation?
Director - Financial Trading
Date : Jan 27, 2025
Location : Spring, TX, US, 77389
Company : Expand Energy
Our core values — Stewardship, Character, Collaborate, Learn, Disrupt — are the lens through which we evaluate every business decision. As a dynamic, growing company that offers extremely competitive compensation and benefits, our employees are our most valued assets and the foundation of Expands performance among our E&P competitors.
We seek applicants from all backgrounds to ensure we get the best, most creative talent on our team. We realize that, historically, underrepresented groups feel the need to be 100% qualified in order to apply. If you meet any combination of our requirements, we encourage you to apply. We strive to hire people from a wide variety of backgrounds, not just because it’s the right thing to do, but because it makes our company stronger.
Job Summary
The Director of Financial Trading will build and lead a team of financial traders, execute financial contracts for natural gas, natural gas liquids, crude oil, and power, and maximize value from such transactions while minimizing risk, utilizing analytical and financial skills along with a comprehensive knowledge of gas commodity markets and physical operations. Additionally, they will utilize market knowledge to help develop and present market fundamentals research to various stakeholders and utilize analytical skills to assist in modelling, valuing, and managing more complex structured products and / or physical assets.
Job Duties & Responsibilities
- Buy and sell, as required, financial contracts via exchange (ICE & CME) and Over the Counter ("OTC") counterparties to manage the company’s price exposure, primarily from equity production volumes and third-party transactions
- Provide forward price curves for natural gas, both Henry Hub futures and locational basis futures, natural gas liquids, LNG, crude oil, and power
- Route external execution to exchange or OTC based on costs, liquidity, and credit
- Develop and maintain relationships with exchange brokers and OTC trading counterparties
- Understand and validate positions from internal deal capture process by working with Marketing, Supply Chain, Treasury, IT, and Risk
- Adhere to Value-at-Risk (VaR), Cash-Flow-at-Risk (CFAR), and / or other imposed limits and corporate Risk Policy and Procedures
- Set proper liquidity and risk premiums to support pricing
- Work with physical traders to understand the influence of existing assets and physical supply on term price risk and position management
- Support valuation of natural gas storage and transportation opportunities and implement appropriate risk management strategies
- Build team of financial traders to manage company exposures, including natural gas basis and storage and LNG
- Work closely with Fundamental and Quantitative Analysis group to enhance decision-making and optimization
- Research and present market commentary to internal and external customers, in both written and presentation formats
- Provide reports to help develop a point of view on price and basis movement
- Track current market value of options, including implied volatility
- Work together with the Risk and Quantitative Analysis groups to properly model and forecast forward value and exposure
- As required, provide input into unique deal structures
- Develop and maintain internal models and tools for pricing, trading, and analysis
Job Specific Skills
Education
Minimum : Bachelor’s degree in Business, Finance, Economics, or Engineering and at least 10 years of experience in gas trading or analysis activities
Preferred : Master’s degree in Finance field
Experience
Minimum : 12 years related work experience
Additional Qualifications
Expand Energy takes necessary action to ensure that all applicants are treated without regard to their race, color, religion, sex, sexual orientation, age, gender identity, national origin, genetic information, disability, pregnancy, military or veteran status or any other protected characteristic as established by law.
Expand Energy Corporation's operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States.
Nearest Major Market : Houston
Job Segment : Quantitative Analyst, Supply Chain, Risk Management, Manager, Financial, Data, Operations, Finance, Management
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