Director, Commodity Risk & Hedging

Parpacific; Houston (TX); On-site; USD 180,000 - 280,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) with company match

Educational reimbursement

Employee Stock Purchase Program

Job summary

Par Pacific is seeking a Director of Risk Management to lead commodity risk strategy, hedge execution, and exposure governance across our downstream energy portfolio. You will work closely with executive leadership to shape risk policy and drive hedge effectiveness.

Reporting to the VP Mid Office, you will own exposure tracking, hedge capture, and reporting to the Board, while mentoring a high-performing team and partnering with Treasury and Commercial to optimize financial outcomes.

Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, Business Administration, Engineering, Mathematics, Statistics, or a related field required; Master's degree preferred
• Minimum 15 years of experience in commodity risk management in an industrial, energy-related, trading or investment banking environment
• Minimum 5 years of experience executing futures on ICE and CME, and OTC energy swaps and options
• Minimum 7 years of experience leading, developing, and mentoring teams
• Advanced proficiency in Microsoft Excel, including financial modeling, data analysis, and time-series modeling
• Expertise in economic analysis, P&L management, hedging strategy, risk optimization, and decision support
• Experience with CTRM or trade capture systems

Responsibilities

• Maintain updated exposure positions and mark-to-market reports for key risk categories
• Execute hedges and capture hedge transactions timely
• Serve as risk liaison to Commercial and Treasury teams, informing business decisions
• Lead weekly risk reporting for senior management and board-level insights
• Review monthly hedging transactions with Accounting for financial reporting alignment
• Identify improvements to commodity risk management processes

Skills

Excel proficiency

Economic analysis

P&L management

Hedging strategy development

Risk optimization

Decision support

CTRM or trade capture systems

Leading, mentoring teams

Education

Bachelor’s degree in Finance, Accounting, Economics, Business Administration, Engineering, Mathematics, Statistics, or related field

Master's degree preferred

Tools

CTRM software

Job description

Par Pacific is seeking a Director of Risk Management to lead commodity risk strategy, hedge execution, and exposure governance across our downstream energy portfolio. You will work closely with executive leadership to shape risk policy and drive hedge effectiveness.

Reporting to the VP Mid Office, you will own exposure tracking, hedge capture, and reporting to the Board, while mentoring a high-performing team and partnering with Treasury and Commercial to optimize financial outcomes.