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  • Job reference: RMS0221336

NGL Risk Analyst

  • Sector: Consulting & Strategy
  • Location: Houston, Texas
  • Job type: Permanent
  • Date posted: 13/01/2020
  • Duration: permanant
We're sorry this position has now been filled.

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The Role:
Duties & Responsibilities

* Credit risk management through Paragon/Cubic Logic system
* Responsible for proposing and seeking approval on all counterparty credit limits, monitoring customer credit exposure and credit lines, obtaining and monitoring customer mitigation and security, and obtaining and maintaining the Company's credit with all counterparties.
* Prepare and distribute exposure and market price reports
* Validate and distribute financial unrealized gain/loss reports
* Build and maintain price curves and maintain price calendars in the system of record
* Reconcile financial positions to third party statements
* Analyse changes in positions and market values
* Value and report monthly inventory
* Prepare and distribute quarterly volume, price, and market value schedules
* Build and maintain market risk calculations and reports (ex: Value at Risk Model)
* Provide documentation and respond to inquiries from auditors
* Provide monthly analysis to assist performance management of the trade desk.
* Supporting front office in new products and non-standard products approval
* Participating in enhancement and development of in RightAngle systems
* Generate historical VAR reports on a daily basis and distributed to the RMC.
* P&L Validation: Valuation and reporting of all trades

Minimum Acceptable Academic Qualifications:

+ Degree in a quantitative discipline, preferably in Accounting, Business/Commerce or a related field, or commensurate qualification.
+ GARP (Global Association Risk Professionals) & ERP (Energy Risk professional) is an advantage

Minimum Number of Years of Relevant Experience

+ 5 years in an NGL focussed risk role

Specific Skills and Knowledge

* Skilled hedge management capabilities within a dynamic, fluid portfolio
* Technical and fundamental analysis capabilities.
* Understanding of risk management concepts and processes.
* Ability to follow risk management guidelines and execute opportunities in a highly dynamic marketplace.
* Understanding of all NGL trading contracts: long and short tenor, physicals and futures, fixed price and index based, OTC and cleared
* Prior experience with RightAngle is an advantage
* Paragon/Cubic Logic system experience an advantage
* Interest in energy, freight & derivative markets.
* Knowledge of Market Risk fundamentals, including Value at Risk measures.
* Understanding of Fair Value and Derivative recognition concepts.

About Fircroft:
Fircroft has been placing people in specialist technical industries for approaching half a century, focusing on mid to senior level engineers for contract and permanent roles worldwide. By applying for this job you give consent for Fircroft to contact you, via email & telephone, to discuss your application along with future positions and Fircroft's services.

Fircroft is registered as a Data Controller with the Information Commissioner as required under the General Data Protection Regulation 2016/679. Fircroft will only process your personal data for the specific purposes of managing your application.

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