Risk Analyst - Houston - Motiva Enterprises

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:
The Risk Analyst - Pricing provides daily support to Motiva's Middle Office and is responsible for the design, development, and maintenance of forward and market curves for all physical and derivative products in the trading portfolio. This role focuses on ETRM price-curve configuration, including expiry and holiday calendars, and formula-based curves. The analyst assists with validation of market-based valuation of positions and provides back-up support for risk reporting functions. This role works closely with Middle Office peers, Scheduling, Optimization, and Finance and plays a key role in ensuring pricing accuracy and high-quality market data within the ETRM.
This is an on-site position with hybrid flexibility, 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
Responsibilities:

• Design, develop, and maintain forward and market curves for physical and derivative products.
• Ensure curves support accurate risk decomposition (e.g., flat price, basis).
• Maintain key ETRM configuration components, including:
  
  • Holiday and expiry calendars
  
  • Delivery period structures
  
  • Pricing products, locations, and benchmarks
• Validate the integrity of daily price feeds; resolve missing or inaccurate pricing data.
• Investigate and resolve pricing discrepancies for formula-based or index-linked transactions.
• Monitor interface flows to ensure timely and accurate ingestion of ETI transactions into the ETRM.
• Perform end-to-end data quality checks across trade, pricing, valuation, and settlement data.
• Partner with IT and system administrators through UAT cycles and enhancement releases.
• Provide backup support for mark-to-market valuation, exposure reporting, and P&L validation.
• Support compliance with risk controls, segregation-of-duties requirements, and audit documentation.
• Participate in monthly close activities to ensure accurate valuation and price alignment.
• Assist in updating policies, standard operating procedures, and control documentation.
• Collaborate with Middle Office, Commercial, Finance, and IT to troubleshoot data issues and enhance pricing processes.
• Support ad hoc analytics related to price histories, curve methodologies, and valuation methods.
• Contribute to continuous improvement initiatives and provide subject-matter expertise on pricing and market data.
Experience and Qualifications:
Required Education and Experience:
• Bachelor's degree in Finance, Economics, Accounting, Engineering, or a similar quantitative field.
• A minimum of 3 years of experience in market risk, middle office, or commodity analytics.
• Experience in a commodity risk management environment.
• Familiarity with energy market pricing services (Platts, Argus, ICE, CME, NYMEX, OPIS).
• Prior experience with ETRM systems and price-curve configuration.
• Understanding of commodity derivatives (forwards, futures, swaps).
• Strong analytical, quantitative, and problem-solving skills.
• Strong interpersonal skills, including communication, collaboration, and conflict management.
Preferred Education and Experience:
• Experience configuring forward curves and market data in RightAngle.
• Knowledge of crude oil, refined products, renewables, petrochemicals, or physical logistics.
• Experience with P&L attribution, exposure decomposition, and valuation concepts.
• Advanced Excel or BI tools experience (Power BI, data marts).
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.