Market Risk Analyst I

Department/Division: Market Risk Team / Middle Office Division

Location: Houston, TX

Reports Directly To: Risk Director

FLSA Status: Exempt

SUMMARY:

Market Risk Analyst I is responsible for calculating and reporting daily trade portfolio profit and losses arising from price changes, current exposures to the market as well as VaR. Responsibilities include but are not limited to producing monthly realized profit summary and net earned to accounting results reconciliation. This position requires strong analytical and communication skills.

ESSENTIAL FUNCTIONS & RESPONSIBILITIES:

• Calculate and report daily Position and P&L associated with natural gas trading activities.
• Analyze P&L drivers and provide detailed explanations regarding portfolio changes.
• Develop tools to enhance analysis and improve processes.
• Monitor risk using VaR calculations and periodic stress testing.
• Assist in modeling complex new trading activities in the reporting processes as well as in our ETRM (Allegro).
• Provide pricing support and backup for the settlements team as needed.
• Perform monthly realized profit reporting as well as net earned to accounting reconciliations.
• Collaborate with Front office, Credit, Confirmations, Settlements and Accounting teams as needed.

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Advanced excel skills with the ability to utilize analysis driven functions such as sumifs, vlookups, index match/xlookup and pivot tables.
• Proven ability to analyze data and identify variances between 2 datasets.
• Proven ability to understand and explain complex concepts.
• Proven ability to effectively and clearly communicate with various levels across an organization.
• Bachelor’s Degree; preferred focus in Finance, Mathematics, Economics, Engineering, Computer Science, or another relevant field.

DESIRED SKILLS & ABILITIES:

• Knowledge of programming languages such as Python, VBA, SQL, R.
• Knowledge of physical and financial commodity trading concepts such as exposures, pricing and hedging.
• Experience working within an ETRM system such as Allegro, Openlink Endur or RightAngle.
• Experience working with quantitative analysis techniques such as Monte Carlo.

EDUCATION & EXPERIENCE:

• Bachelor’s Degree required, master’s degree preferred; focus on Finance, Mathematics, Economics, Engineering, Computer Science, or another relevant field.
• 1-3 years’ experience in an analytical role preferably in the energy industry.

LANGUAGE SKILLS:

• Fluent verbal and written skills in English.

LICENCES, CERTIFICATES, REGISTRATIONS:

• Series 3 or FRM preferred but not required

WORK ENVIRONMENT & PHYSICAL DEMANDS:

This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets. Physical demands include:

• Prolonged periods of sitting and may need to routinely move around to communicate with different groups

Benefits & Perks

• Medical, Dental, Vision benefits
• 401K and Company Match
• Tuition Reimbursement
• Generous PTO Policy
• Breakroom Snacks / Beverages

Position Competencies

1. Job Knowledge
2. Analytical Skills
3. Dependability
4. Reporting
5. Attention to Detail
6. Problem Solving
7. Creativity

Disclaimer:

This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their leader, subject to reasonable accommodation.

MEMS is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disabili