Head of Risk, US

JERA Global Markets; Houston (TX); On-site; USD 250,000 - 350,000; Full time

Job summary

JERA Global Markets in Houston seeks Head of Risk to lead the risk function across commercial activities, focusing on risk strategy and implementation.

You will oversee credit, market and operational risk, provide oversight and reporting to the VP, Risk, and collaborate with trading teams to strengthen controls in North America. This is a high-visibility leadership role in a global energy trading business.

Qualifications

• Around 20 years or more of experience in energy risk management in an energy trading environment.
• Specific knowledge of energy commodities including physical and financial instruments and global energy trading.
• Knowledge of commodity ETRM systems and risk management practices.
• Demonstrated ability to influence at the C-Suite level and lead teams.

Responsibilities

• Lead the risk function for the Houston office across commercial activities.
• Oversee market, credit and operational risk frameworks and reporting.
• Develop and implement risk governance and controls with senior stakeholders.
• Engage with commercial teams to provide risk-informed decision support.

Skills

Communication and influence

Numerical/cquantitative skills

Leadership and people management

Collaboration across teams

Executive communication

Problem solving

Education

Bachelor's degree in Business, Finance or Mathematics

Tools

Energy ETRM systems

Risk reporting tools

Job description

COMPANY DESCRIPTION

About the Company

The JERA Global Markets Group (JERAGM) is a leading utility-backed energy trader specialising in LNG, power, coaland freight.

As JERA’s exclusive trading and optimisation platform for majority shareholder, JERAGM operates one of the most exciting energy portfolios in the world, which gives it an in-depth understanding of the way local,regionaland international energy markets behave. Thisexpertiseenables us to capture trading opportunities, optimise portfolios, createvalueand enhance security of supply for our customers.

Headquartered in Singapore, JERAGM has a global talent pool of about 400 people across officeslocatedin five strategic locations: Singapore, the UK (London), Japan (Tokyo), the US (Houston)and Australia (Brisbane).

RESPONSIBILITIES

Position Description

This role forms part of JERA's growing North American Gas Trading business, which is expected to transition onto JERAGM’s trading platform. This business is wholly owned by JERA Co., Inc. and will focus on US natural gas trading,optimisationand market development across North America. Successful candidates will join during the build-out phase ahead of the business's planned operational launch.

TheHead ofRisk will lead the Risk functionsinHouston officeacross the full range of commercial activities, including physical and financial trading, with an emphasis on risk management functions strategy development and implementation.

He/she will provide oversight,managementand reporting of strategic, market, counterparty and operational risks related totheHouston officecommercial activities and will act as the eyes and ears of theVP, Risk andCFRO within theorganisationof Houston office.

The role will act as the key point of accountability for credit,marketand operational risk matters, and may be held in conjunction with another senior risk role withinthe Houston office.

Key Role Responsibilities

• Team and Organizational Leadership– providing leadership by example to the GMA risk teams, in alignment to the JERAGM global standard.Deliver a strong working culture within the GMA organization and develop the risk functions into a highly capable,agileand collaborative team that adds value to the organization.Build andmaintainthe respect of senior internal stakeholders, commercial and support functions.Develop influence throughout the organization and provide insight in support of commercial and executive decision making.

• Functional Leadership– Partner with and support the JERAGM CFRO and VP, Risk in defining and developing controls and risk management practices.Aligning the design of risk identification, measurement and reporting methodologies, andco-development of the associated governing policies, and set the tone for controls management protocols within GMA.Ensure transparency with shareholdersand other leaders within the JERAGM Groupandmaintainstrong operational relationships with relevant external stakeholders.Ensure alignment with JERAGM Group policies and the operatingmodel, andpromote best practices throughout the business.Maintain independent insight and control from commercial functions.

• Business Engagement– Act as a trusted business partner to commercial teams at all levels.Provide constructive challenge, value added insight and support decision making whilstmaintainingobject control oversight.

• Market Risk– Oversee theimplementation and running of a robust and fit for purpose risk control frameworkthat is alignedwith JERAGMGroup’s and the risk appetite of GMA.

• Credit Risk– Oversee the implementation and running ofthe counterparty credit risk framework, including the evaluation,measureand management of counterparty credit risks.

• Operational Risk– Work with the heads of all GMA functions to promote risk awareness, counteract the root causes of fraud,identifyand improve process flaws and support systems development for effectiveness and control.

• Reporting– overseethe suite of control reporting and management information, aligned to the JERAGM Group standard,seekingto inform the business in the form and function that suits the consumer of that information.Seekto provide information,analysisand insight to support decision making and ensure good governance.Be able to articulate risk matters to all audiences with clarity,accuracyand credibility.

• Risk Governance process– Work collaboratively with the JERAGM Group, to ensure that GMA matters are efficiently and effectively raised to the Market Risk Committee, Credit Committee and New Business Committees, ensuring adherence to the governance processes, and the full andaccuraterepresentation of risks.Ensure that all GMA new business proposals are subject to comprehensive due diligence by all GMA (and JERAGM, asappropriate)functions and that assumptions are challenged to allow for informed decision making by Committee members.In partnership with JERAGM’s CFRO, VP, Risk and other Risk leaders, make recommendations on changes to the risk control framework and processes.

QUALIFICATIONS

Key Qualifications and Experience

Experience

• Around20yearsor moreof experience inenergy riskmanagement, as appliedto an energy trading environment;

• Specific knowledge of energy commodities including physical and financial instruments and global energy trading;

• Knowledge of commodity ETRM systems, ability to challenge and adapt systems for productivity;

• Recognition of industry best practices in risk management insight and oversight.

Technical

• Excellent academic credentials in Business, Finance or Mathematics;

• Proventrack recordin operations, middleofficeor risk management roles;

• Demonstrable ability to influence at the C-Suite level;

• Experienced manager of people, including large diverse teams;

• Experience of business process design and development of procedures and policies related to trading and risk-management oversight and control;

• Structured transaction analysis and due diligence.

Person Specification

• Demonstrated ability to communicate and influence successfully at all levels;

• Results oriented, capable of holding self and others to account on delivery;

• Demonstrable numerical capability with the ability to effectively manage quantitative specialists;

• Ability to understand perspective of multiple stakeholders and constructively challenge the opinions of colleagues and senior managers;

• Be voraciously collaborative in providing transparency and building consensus. Constructively engage stakeholders to a common cause through developing mutually beneficial solutions and proposals;

• Ability to build andmaintaincredibility. Excellent communications and presentation skills;

• Able tooperateeffectively in a complex environment of often conflicting pressures;

• Demonstrated ability to develop people,recognizeand develop potential, and to manage performance.

Role Opportunity

This role offers an excellent opportunity tolead, andfurtherapply anddevelop skills and responsibility within a growing and successful commodity trading business.