Manager, Risk Management

Motiva Enterprises LLC; Houston (TX); On-site; USD 150,000 - 210,000; Full time

Benefits offered by this job

On-site Houston HQ

Job summary

Motiva Enterprises LLC in Houston seeks an experienced Manager, Risk Management to lead the independent risk control function within the Middle Office. The role ensures the integrity of Motiva’s commercial supply portfolios through governance, robust exposure analytics, and proactive partnership with commercial stakeholders.

This on‑site position reports to the Director, Risk Management, Compliance & Hedging and leads a team of 3–4 risk professionals across four pillars: Supply & Trading

Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, Engineering, or quantitative field.
• 10+ years in market risk, Middle Office, or commodity risk control.
• 3+ years of people leadership experience.
• Expertise in inventory and price-risk concepts including flat-price and spreads.
• Familiarity with multiple commodities and ETRM systems.

Responsibilities

• Lead the independent second-line risk control function for all Motiva supply portfolios.
• Maintain and improve risk policies, standards, controls, and documentation.
• Enforce risk limits and governance requirements across the organization.
• Prepare materials for the Risk Committee and support audits.
• Oversee daily monitoring of inventory and market price risk exposures.

Skills

Leadership

Risk management

Executive communication

Governance & controls

Exposure analytics

Power BI

Education

Bachelor’s degree in Finance/Economics/Engineering

10+ years market risk experience

3+ years people leadership

Tools

RightAngle

ETRM systems

Power BI

Job description

At Motiva, our employees’ energy, passion, and dedication to excellence are what make us who we are and what allows us to generate energy that makes a house a home, gets us from point A to point B, and enables our health and wellbeing. We invest in every aspect of our employees’ lives because, at Motiva, our people matter. Headquartered in Houston, Texas, Motiva refines, distributes and markets petroleum products throughout the Americas. The company’s Port Arthur Manufacturing Complex in Port Arthur, TX, is comprised of North America’s largest refinery with a total throughput of 720,000 barrels per day, the largest base oil plant in the western hemisphere, and an integrated chemical plant. Under exclusive long-term brand licenses with Shell and Phillips 66 (for the 76® brand), Motiva’s commercial operations supply more than 12 billion gallons of fuel to customers annually. Motiva is wholly owned by Aramco, one of the world’s largest integrated energy and chemicals companies.

Position Overview

Motiva is seeking an experienced and principled Manager, Risk Management to lead the independent risk control function within the Middle Office. This role ensures the integrity of Motiva’s commercial supply portfolios through strong governance, robust exposure analytics, and proactive partnership with commercial stakeholders. The Manager provides decision‑ready transparency on inventory and market price exposures—including flat‑price risk and calendar/product spreads—while ensuring compliance with risk limits, policies, and standards. The role also supports corporate hedging programs designed to optimize crack‑margin performance and contributes to governance activities for the Motiva Risk Committee and the Audit & Risk Committee. This position reports to the Director, Risk Management, Compliance & Hedging and leads a team of 3–4 commodity and market risk professionals across four core pillars: Supply & Trading Controls Market Risk Analysis Management Reporting Strategic Business Partnership. This is an on‑site position located at Motiva’s downtown Houston corporate headquarters. and operates on a 9/80 work schedule, providing alternating Fridays off to support work–life balance.

• Supply & Trading Controls
• Market Risk Analysis
• Management Reporting
• Strategic Business Partnership

Responsibilities

• Lead the independent second‑line risk control function for all Motiva supply portfolios.
• Own, maintain, and continuously improve risk policies, standards, controls, and supporting documentation.
• Enforce risk limits, segregation‑of‑duties requirements, and control standards aligned with Motiva governance expectations.
• Prepare materials and analytical insights for the Motiva Risk Committee; support ad‑hoc requests from the Audit & Risk Committee.
• Ensure compliance with internal/external audits; maintain complete, traceable, audit‑ready documentation.
• Oversee daily monitoring of inventory and market price risk exposures, including flat‑price and calendar/product spreads.
• Validate P&L, exposure drivers, and reconciliations; ensure timely issue resolution.
• Develop, refine, and standardize methodologies such as mark‑to‑market, VaR/@Risk metrics, stress testing, and scenario analysis.
• Review daily/weekly/monthly exposure and risk reports with clear commentary for senior leadership.
• Support the design, oversight, execution, and performance evaluation of crack‑margin and flat‑price hedging programs.
• Partner closely with Supply Optimization on refinery diet, scheduling, inventory positioning, and offtake decisions to ensure accurate exposure measurement.
• Provide risk‑based insights on term structures, contract structures, logistics strategy, and product flows.
• Represent Middle Office risk in ETRM system enhancements, integrations, and implementations—including requirements, UAT, and reporting design.
• Troubleshoot daily system processing issues and drive sustainable automation and process improvements.
• Lead, mentor, and develop a team of 3–4 commodity and market risk professionals; foster analytical rigor, accountability, and continuous improvement.
• Champion documentation quality, governance discipline, and audit readiness.
• Navigate competing stakeholder needs and manage workload priorities transparently and effectively.

Experience and Qualifications

Required Education and Experience

• Bachelor’s degree in Finance, Economics, Accounting, Engineering, or other quantitative discipline.
• A minimum of 10 years in market risk, Middle Office, or commodity risk control.
• At least 3 years of people‑leadership experience (direct reports or team leadership).
• Expertise in inventory and price‑risk concepts, including flat‑price and spread‑exposure management, P&L/exposure validation, and risk decomposition.
• Familiarity with multiple commodities (Crude, Intermediates, Products, Renewables, Petrochemicals).
• Strong proficiency in ETRM systems (RightAngle preferred) and analytical tools such as Power BI.
• Executive‑level communication skills with ability to present complex concepts to senior leadership.
• Ability to manage multiple priorities in a fast‑paced, time‑sensitive environment.
• Understanding of logistics modalities (pipeline, marine/vessel, rail, truck).

Preferred Education and Experience

• Master’s degree or professional certifications (CFA, FRM, ERP).
• Experience with ETRM implementations and risk‑analytics platform projects.
• Knowledge of VaR/@Risk models, scenario analysis, stress testing, and structured‑deal risk assessment.
• Prior experience in refining and full lifecycle commodity transaction flows.
• Experience with crack‑margin management and corporate hedging programs.

We reserve the right to amend or withdraw Motiva jobs at any time, including prior to the closing date. Depending on qualifications, the successful candidate may be offered a position at a more appropriate level and/or grade. Applicants for regular U.S. positions must be authorized to work in the United States for Motiva Enterprises LLC without the need for sponsorship of an immigration authorization or visa (for example, TN, H-1B, or other employment‑based immigration authorization or visa). Motiva participates in E‑Verify. All qualified applicants will receive consideration for employment without regard to race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, protected veteran status, citizenship, genetic information, or other protected status under federal, state, or local laws.

At Motiva, our employees’ energy, passion, and dedication to excellence are what make us who we are and what allows us to generate energy that makes a house a home, gets us from point A to point B, and enables our health and wellbeing. We invest in every aspect of our employees’ lives because, at Motiva, our people matter.