Chevron Pascagoula Jobs – Risk Control & VaR Analyst

Job Description:

The Risk Control & VaR Analyst performs market risk analytics, daily risk reporting, VaR modeling/analytics and correlation analysis for commodity transactions. This position is co-located with Supply & Trading (S&T) to provide commodity risk controls and related independent analysis and operates under the direction of Corporate Treasury. S&T buys, sells and supplies crude oil, refined products, natural gas, natural gas liquids and liquified natural gas to support Chevron’s crude and gas production operations and its refining and marketing network. Risk Control’s primary responsibility is to independently identify, measure, analyze and report the daily performance of S&T and ensure a controlled trading environment. Risk Control has support functions in the three major S&T trading hubs located in Houston, Singapore and London. The Risk Control vision is to be recognized as an agile organization with diverse expertise, valued for our focus on what matters most to Chevron’s success.

Job Responsibilities:

• Communicate and resolve risk metrics breaches appropriately and escalate through appropriate channels when necessary.
• Advise on the financial impact and risk exposure analysis of new strategies, activities or transactions.
• Demonstrate proactive exposure insight and sound risk control decision making with a commercial focus.
• Ensure daily data integrity, validate exposures, and reconcile data inconsistencies with responsible traders.
• Develop standard forward curves and/or apply existing forward curve processes and methodologies for valuation of new commodities or markets traded.
• Identify and troubleshoot issues in trading system data and provide longer term solutions to address problems.
• Identify, develop, and implement system and process efficiencies across Chevron’s global trading and risk systems.
• Responsible for daily risk reporting of Chevron’s global trading portfolio. This includes monitoring of transactions, P&L, net exposure and Value at Risk (VaR) against authorized limits.
• Responsible for executing the VaR model for Chevon’s global trading portfolio.
• Integrate analytical efforts across products and businesses with awareness of new tools.
• Build working relationships within the Chevron Trading organization (e.g. Front, Middle, Compliance, Digital teams).
• Construct, analyze, validate, and maintain VaR models, stress tests, back-testing and scenarios.
• Analyze and identify P&L and exposure drivers of various trading books encompassing a wide array of commodities and financial instruments.
• Daily analysis of the trading positions and VaR, on an aggregate portfolio basis down to the trading portfolio level.
• Provide explanation and commentary for changes to risk profile, VaR, exposure and profit and loss.

Job Requirements:

• Experience with using trade capture systems and familiarity with VaR models, preferably Endur and/or Solarc RightAngle trade systems and Algorithmics for VaR.
• Demonstrated ability to validate and relate exposure, P&L and VaR results to commodity market drivers.
• Proficient with Excel formulas, pivot table functionality, and trading database applications.
• Must be able to develop and maintain effective relationships with peers, other departments and functions.
• Ability to work collaboratively in a multi-discipline team environment on system and digital projects, troubleshooting issues, and drive changes as needed.
• Possess strong organizational, communication, and presentation skills is critical.
• 3+ years’ experience working in energy trading with a strong understanding of commodity trading, preferably in crude, gas and refined products markets.
• Bachelors’ degree or equivalent work experience in Business, Finance, Mathematics or Engineering.
• Prior experience in Risk Control/Management analyzing and reporting P&L and exposure for a broad range of energy products.
• Practical experience in the details of pricing methods for a broad range of complex instruments, including physical grades, futures, swaps and options.

Job Details:

Company: Chevron

Vacancy Type:  Full Time

Job Location: Houston, TX, US

Application Deadline: N/A

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