Risk Manager｜Major Japanese Gas Company

A large Japanese gas company in Houston, Texas is looking for a Risk Manager to join the group.

<General Description>

As a Risk Manager, you will be engaged in hands-on operations, handling a wide range of middle-office responsibilities. Specifically, your duties will include portfolio management of assets (such as upstream natural gas projects, solar power, and battery projects), trading position management, document verification, risk measurement, MTM (mark-to-market) and P&L (profit and loss) calculations and reporting, stress testing, and margin management.
In addition to these tasks, Risk Managers will work on improving portfolio management models (FEA) and periodic reports, propose risk mitigation measures, and evaluate hedging, investments, and new contracts (business opportunities) from a portfolio management perspective.

<Responsibilities>
・Check daily trading in ERCOT by traders in terms of limits/restrictions described in risk management policies.
・Monitor and manage the position, MtM, risk volume (VaR, CFaR, EaR), risk exposure and P&L for each gas and power
asset and conduct overall analysis.
・Report the position, MtM, risk volume (VaR, CFaR, EMaR), risk exposure and P&L for each gas and power asset
・Perform portfolio management for all assets in the company (natural gas upstream business, solar asset and battery
project in ERCOT)
・Improve a model of portfolio management by FEA as needed to describe markets risks in power and gas trading
・Work with a renewables and upstream team to summarize market conditions impact on market risks and suggest
their hedge strategies.
・Evaluate the value of options, contracts such as PPA and analyze the potential risks of them
・Support renewables and upstream teams to analyze the risks, market forecast and profitability in new investments
・Create and maintain job schedules, track reports; monitor routine and critical processes and workflows and proactively
identify potential issues in the risk management
・Identify, research, and develop new risk measures including historical analysis and back casting
・Conduct statistical studies, such as stress/scenario testing and simulation (e.g. Monte Carlo) for principal components analysis
・Conduct credit/counterparty risks
・Manage margins and conduct cash management with back office and project teams
・General understanding for ETRM system customization, implementation and integration
・Backup support for back-office functions
・Perform related job duties as assigned

※Travel: up to 5%

<Requirements>
・Bachelor’s or Equivalent Experience
・5-10 years of experience in using/improving a model for portfolio management such as FEA for natural gas and power (ERCOT) trading
・5-10 years of experience in quantitative analysis and risk management experience in natural gas and power (ERCOT) trading

＜General Skills/Attributes＞
・Ability to work collaboratively with a variety of individuals in a variety of functions (e.g. traders, origination, accounting, management)
・Highly motivated individual who can work long hours when needed
・Must be able to deliver results under tight deadlines
・Good problem-solving abilities
・Must be adaptable to a changing environment
・Must be a good team/individual contributor
・Strong written and verbal communications skills

＜Preferred Qualifications＞
・Bachelor’s degree in Engineering, Science, Business Administration or Economics (MBA or progress toward CFA a plus)
・General knowledge for Finance, Energy market, Accounting, Statistics
・Experience in the risk management for renewable project (Solar & Battery in ERCOT a plus)
・Experience in the calculation of risk metrics such as VaR, CFaR and EaR
・Optimization expertise, such as using simulation software such as Crystal Ball
・Understanding of Microsoft products (Advanced Excel, VBA, PowerPoint)
・Experience with the implementation or enhancement of energy trading and risk management systems (ETRM)
・Data modeling and analysis skills preferred
・Experience in FTR markets using related software preferred

【Keywords】
①Japanese, English
②Risk Manager
③Energy supply company management