Location: Tulsa, OK
#WeAreONEOK – Fortune 500 company. 100+ years in business. Leading midstream service provider. Safety first. Sustainable operations. Environmentally responsible. Employee focused.
JOB SUMMARY
We are seeking a highly motivated Senior Risk Analyst to join our team.
In this role, you will support our commodity trading business by enhancing risk controls, advancing data modeling capabilities, optimizing risk systems, and strengthening integration with internal data platforms.
Working closely with senior leadership, you will play a key role in identifying opportunities to improve risk management processes, data quality, reporting, and system effectiveness. You will collaborate across the organization with teams including Commercial, Accounting, IT, Legal, and Credit to deliver solutions that support informed decision-making and promote a strong control environment.
This position offers an opportunity to contribute to strategic initiatives, drive continuous improvement in risk management capabilities, and help ensure the integrity and effectiveness of our trading and risk management processes. If you are passionate about leveraging data, technology, and analytical thinking, we encourage you to apply.
Position level and compensation will be commensurate with the selected candidate’s experience, skills, and qualifications.
Job Profile Summary
Essential Functions and Responsibilities
Analyze and/or prepare complex reports and records related to daily mark-to-market profit and loss (P/L) variance of trading books, volumetric positions, hedge strategies and Value at Risk (VaR), providing management with explanations of major variances and analytics to support business decisions.
Collaborate with front and back office to quantify and analyze risks associated with potential transactions and to ensure proper deal capture, valuation, accounting, and compliance with risk management policies.
Develop and maintain complex hedging strategies and sophisticated models to support business segment commodity risk mitigation.
Provide analysis and recommendations for acceptable hedge instruments and practices to ensure compliance with hedge accounting requirements.
Prepare back tests, scenario analysis, stress tests and performance analysis to explain the drivers of risk and mitigation strategies.
Utilize statistical modeling techniques to forecast potential commodity price changes as well as monitor macroeconomic market conditions to adjust models accordingly.
Monitor, control and report daily transaction activity from financial and physical desks to ensure compliance with approved risk management policies.
Update and validate market price curves on a daily basis.
Utilize the Risk System software to maintain all physical and financial obligations and prepare mark to market position reports.
Work with trading, accounting and contract administration employees and management to ensure accurate processing of all financial trading activities.
Work closely with IT team members to design, validate, implement, troubleshoot and maintain various system solutions for both positions and P&L reporting.
Additional Locations: Houston, TX
Job description provided by Oneok.
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