Senior Commercial Risk Analyst - Middle Office

4500 Marathon Petroleum Company LP; Houston (TX); On-site; USD 120,000 - 160,000; Full time

Benefits offered by this job

Total rewards program including health

Annual bonus program

401k matching

Job summary

Marathon Petroleum Company LP is seeking a Commercial Risk professional in Houston to oversee market risk and trading performance for the Middle Office. You will analyze daily MtM results, validate data, and develop reports to inform senior management on risk exposures and value drivers.

The role requires 4+ years in financial analysis or trading risk, with 2+ years in commodity trading, and proficiency with Power BI is preferred.

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics, or related discipline.
• 4+ years of experience analyzing financial results and reporting.
• 2+ years trading or risk managing commodity trading activities.
• Ability to use and create Power BI reports (preferred).

Responsibilities

• Perform daily financial analysis on MtM trading performance and issue reports.
• Collaborate with Middle Office, Accounting, Operations, and Traders to ensure accurate position data.
• Validate inputs to MtM results for accuracy and policy alignment.
• Develop, maintain, and enhance analytical reports for senior management.
• Improve processes and controls for timely priced position reporting.
• Support design, development, and implementation of new activities.
• Support audit requests and ad hoc projects.
• Deliver weekly and monthly analytical reporting packages.
• Explain risk exposures and drivers to support strategic decisions.
• Reconcile variances with Finance (BP&A).

Skills

Financial analysis

Financial reporting

Risk management

Commodity trading

Education

Bachelor’s degree in Accounting, Finance, Economics, or related discipline

Tools

Power BI

Job description

An exciting career awaits you At MPC, we’re committed to being a great place to work – one that welcomes new ideas, encourages diverse perspectives, develops our people, and fosters a collaborative team environment.

Position Summary

The Commercial Risk team is part of Marathon’s Middle Office organization and plays a critical role in supporting Marathon’s Supply and Trading functions by providing independent oversight of market risk and trading performance. The team delivers value through the measurement and reporting of market risk associated with commercial trading and hedging activities, as well as through in-depth financial analysis and reporting. This role is essential to understanding daily trading performance and ensuring the organization captures value from its supply and trading operations, leveraging strong financial expertise and commercial acumen. The team ensures that financial results are aligned with prevailing market conditions, offering an independent perspective on trading outcomes and confirming that activities remain within defined risk limits and governance frameworks. As part of the team, you will expand your understanding of the oil energy markets. This will include how various oil commodities are priced and how purchase and sale transactions and related transportation costs impact the associated trade. You will also develop a deeper appreciation of how financial instruments are used to hedge and used to minimize the risks associated with the physical side of the transactions. You will gain a better understanding of the concept of price exposure and of Marked to Market (MtM) methodologies and how they apply to the oil energy markets. This role opens future opportunities to join commercial teams to supply and trade commodities in an exciting and expanding company and industry.

Key Responsibilities

• Perform daily financial analysis on system generated daily MtM trading performance and issues reports on the portfolio priced position and results
• Collaborate with other team members and stakeholders including Middle Office, Accounting, Refining Operations, Schedulers and Traders, designing and enhancing processes and procedures to enable accurate and timely priced position information
• Validate inputs to MtM results for accuracy and consistency with policies and procedures, tests and validates new data sources enabling faster and more accurate compilation of position data
• Develop, maintain, and enhance analytical reports, and perform ad hoc analysis in support of senior management
• Develop and enhance processes and controls to ensure accurate and timely priced position reporting
• Support design, development, and implementation of new activity
• Support team initiatives and ad hoc projects, including internal and external audit requests
• Maintain and deliver weekly and monthly analytical reporting packages
• Test and validate new data sources enabling faster and more accurate compilation of position data
• Provide clear, concise explanations of risk exposures and key drivers impacting portfolio performance and related strategic decisions
• Partner with Accounting and Finance (BP&A) to reconcile and explain variances between risk management and financial reporting

Minimum Requirements

• Bachelor’s degree in Accounting, Finance, Economics, or related discipline required
• Four (4) or more years of experience in analysis of financial results and reporting and/or experience in refinery or supply operations
• 2+ years of demonstrated experience trading or risk managing commodity trading activities
• Ability to use and create Power BI reports preferred
• #TACorporate

Location: Houston, Texas Additional locations:

Job Requisition ID: 00025306

Location Address: 500 Dallas St Ste 2900

Education: Bachelors (Required)

Employee Group: Full time Employee Subgroup: Regular

Marathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race, color, religion, creed, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), sexual orientation, gender identity, gender expression, reproductive health decision-making, age, mental or physical disability, medical condition or AIDS/HIV status, ancestry, national origin, genetic information, military, veteran status, marital status, citizenship or any other status protected by applicable federal, state, or local laws.

If you would like more information about your EEO rights as an applicant,

Benefits

• Marathon Petroleum offers a total rewards program which includes, but is not limited to, access to health, vision, and dental insurance, paid time off, 401k matching program, paid parental leave, and educational reimbursement.
• The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.

About Marathon Petroleum Corporation

Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.