Market Risk Analyst

Mitsui & Co. Energy Marketing and Services (USA), Inc.; Houston (TX); On-site; USD 109,000 - 185,000; Full time

Job summary

An established industry player is seeking a Market Risk Analyst to join their dynamic Market Risk Team. This role involves calculating and reporting daily trade portfolio profits and losses, analyzing market risks, and developing tools for enhanced analysis. The ideal candidate will possess strong analytical skills, advanced Excel capabilities, and a solid understanding of commodity trading concepts. This position offers an exciting opportunity to contribute to a collaborative environment while working closely with various teams to ensure accurate and timely reporting. Join this innovative firm and be part of a team that values creativity and analytical excellence.

Benefits

Medical, Dental, Vision benefits

401K and Company Match

Tuition Reimbursement

Generous PTO Policy

Breakroom Snacks / Beverages

Qualifications

• Ability to analyze data and identify variances between datasets.
• Proven ability to develop and implement Excel models.
• Strong analytical and communication skills.

Responsibilities

• Calculate and report daily Position and P&L associated with trading activities.
• Analyze P&L drivers and provide detailed explanations.
• Collaborate with various teams as needed.

Skills

Advanced Excel Skills

Data Analysis

Communication Skills

Python

VBA

SQL

R

Commodity Trading Knowledge

Quantitative Analysis

Education

Bachelor’s Degree in Finance, Mathematics, Economics, Engineering, or Computer Science

Master’s Degree (preferred)

Tools

ETRM System (Allegro, Openlink Endur, RightAngle)

Job description

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Department/Division: Market Risk Team / Middle Office Division

Location: Houston, TX

Reports Directly To: Risk Director

FLSA Status: Exempt

Summary

The Market Risk Analyst is responsible for calculating and reporting daily trade portfolio profit and losses arising from price changes, current exposures to the market as well as VaR. Responsibilities include but are not limited to producing monthly realized profit summary and net earned to accounting results reconciliation. This position requires strong analytical and communication skills.

Essential Functions & Responsibilities

• Calculate and report daily Position and P&L associated with power trading activities.
• Analyze P&L drivers and provide detailed explanations regarding portfolio changes.
• Develop tools to enhance analysis and improve processes.
• Monitor risk using VaR calculations and periodic stress testing.
• Model complex new trading activities in the reporting processes as well as in our ETRM (Allegro).
• Provide pricing support and backup for the settlements team as needed.
• Perform monthly realized profit reporting as well as net earned to accounting reconciliations.
• Collaborate with Front office, Credit, Confirmations, Settlements and Accounting teams as needed.
  
  

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Advanced excel skills with the ability to utilize analysis driven functions such as sumifs, vlookups, index match/xlookup and pivot tables.
• Proven ability to analyze data and identify variances between 2 datasets.
• Proven ability to understand and explain complex concepts.
• Proven ability to effectively and clearly communicate with various levels across an organization.
• Proven ability to develop and implement excel models.
• Knowledge of programming languages such as Python, VBA, SQL, R.
• Knowledge of physical and financial commodity trading concepts such as exposures, pricing and hedging.
• Experience working within an ETRM system such as Allegro, Openlink Endur or RightAngle.
  
  

Desired Skills & Abilities

• Proven experience utilizing quantitative tools and analysis techniques, including Monte Carlo simulations.
  
  

Education & Experience

• Bachelor’s Degree required, master’s degree preferred; focus on Finance, Mathematics, Economics, Engineering, Computer Science, or another relevant field.
• 1-3 years’ (Analyst I) or 2-4 years’ (Analyst II) in an analytical role preferably in the energy industry.
  
  

Language Skills

• Fluent verbal and written skills in English.
  
  

Licenses, Certificates, Registrations

• Series 3 or FRM preferred but not required
  
  

Work Environment & Physical Demands

This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets. Physical demands include:

• Prolonged periods of sitting and may need to routinely move around to communicate with different groups
• Occasionally work late to meet with Tokyo office
• Must be able to lift up to 15 pounds at times.
• Must have a valid DL.
  
  

Benefits & Perks

• Medical, Dental, Vision benefits
• 401K and Company Match
• Tuition Reimbursement
• Generous PTO Policy
• Breakroom Snacks / Beverages
  
  

Position Competencies

• Job Knowledge
• Analytical Skills
• Dependability
• Reporting
• Attention to detail
• Problem Solving
• Creativity
  
  

Disclaimer

This position description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. Employees may be required to perform any other job-related instructions as requested by their leader, subject to reasonable accommodation.

MEMS is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Oil and Gas

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