Director, Quantitative Risk
Venture Global LNG (“Venture Global”) is a long-term, low-cost provider of American-produced liquefied natural gas. The company’s Louisiana-based export projects service the global demand for North American natural gas and support the long-term development of clean and reliable North American energy supplies. Using reliable, proven technology in an innovative plant design configuration, Venture Global’s modular, mid-scale plant design will replace traditional designs as it allows for the same efficiency and operational reliability at significantly lower capital cost.
We are seeking a Director, Quantitative Risk, to join our Middle Office team. This position will report to the VP, Middle Office and will be located in Houston, TX. This position will play a critical role in setting up the Commodity Risk function within Middle Office. In addition to developing a robust risk program and department, the role will also be responsible for properly communicating and interacting with executive leaders, including the CEO, CFO, and CCO.
Responsibilities:
- Develop and implement quantitative risk models and metrics for trading operations, including but not limited to Value at Risk (VAR), stress testing, Potential Future Exposure (PFE), and Potential Margin Exposure (PMR).
- Take ownership of risk models, in the ETRM, or other approved tools, including accurate position assessment, data quality checks, and back testing analysis
- Assess high risk concentration, transactions and monitor limit breaches for reporting to upper management and the Risk Committee.
- Develop and maintain an active and relevant Risk Policy for the Natural Gas, LNG and related commodity activities for the Company.
- Monitor financial hedges and risk exposure relative to physical to ensure hedges are for mitigation of price risk.
- Monitor foreign exchange risk and any related hedges.
- Coordinate with Front Office, Middle Office, Credit and Accounting to ensure locations are properly mapped to the appropriate market valuation. Perform back testing for those locations that are less liquid and mapped to a trader derived or alternative curve to ensure reasonableness.
- Develop and maintain Risk Committee reports and periodic Management reports on risk exposure.
- Coordinate and communicate with Internal and External Auditors as needed and maintain proper documentation for SOX controls.
- Provide feedback on ETRM system enhancements to provide efficiencies in daily tasks and ensure quality of data.
Qualifications:
- Bachelor degree or higher in finance, marketing, economics, engineering, mathematics, computer science or related field.
- 10+ years experience in a natural gas or energy company, preferably in a Middle Office or Risk role.
- Proficient with in ETRM systems with a strong understanding of deal capture, mark-to-market valuation, and risk configuration and reporting functions.
- Strong understanding of Natural Gas transaction flow and transportation costs. Knowledge of risks associated with LNG transactions, vessel transport and foreign exchange markets is a plus.
- Self-starter with ability to track tasks and follow up with team on status and roadblocks
- Excellent written and verbal communication skills
- Advanced excel knowledge and data analysis skills. Tableau/Power BI knowledge is required. Knowledge of SQL and/or Python a plus.
- Strong quantitative and analytical skills
- Experience with BI reporting
- Ability to take on new projects in our commodity business and work cross functionally to build out the process and system requirements.
- Ability to gather and organize data from systems and create custom structured reports in excel as needed for business requirements.
Venture Global LNG is an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law.
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