Analyst Risk Operations

Oxy Houston , TX 77020

Posted 2 months ago

Occidental Petroleum Corporation (NYSE: OXY) is an international oil and gas exploration and production company, and its OxyChem subsidiary is a major North American chemical manufacturer. We are one of the largest U.S. oil and gas companies, based on equity market capitalization, with more than 40,000 employees and contractors worldwide.

Our greatest asset has been and will continue to be our people. We are looking for an experienced and motivated individual to fill the position of Risk Operations Analyst within our Risk Operations based in Houston, TX.

  • Monitor daily trading activity; gather data for root cause analysis, prepare and compile weekly/monthly metric dashboards to capture business incidents and policy violations; identify business risk issues and work with Risk Operations manager to recommend solutions; generate risk and other management reports.

  • Generate and review standard form confirmations for transactions done under master contracts, ensure commercial terms are correctly captured and confirmations are dispatched within contract deadline.

  • Use systems effectively and efficiently to mitigate operational risks; develop strong relationships with IT colleagues to test/implement technology platforms to deliver solutions to business requirements; assist management on routine automation and system testing as needed.

  • Collaborate with team members of all levels to complete daily tasks; share market and systems knowledge; develop best practice methodologies and approaches for business analysis; proactively follow up on incidents and escalate, if necessary.

  • Understand priorities of stakeholders to ensure that business needs are met; protect client confidentiality; address ad-hoc requests in a timely fashion.

  • Onboard new counterparties and manage counterparty master reference data in Energy Risk Management System.

  • Identify, investigate, and monitor the resolution of data integrity issues.

Required Qualifications

  • Minimum 5 years of experience in an energy trading and marketing environment

  • Experience with the contracts and confirmation process, including financial commodities and Dodd-Frank compliance

  • Knowledge of Energy Risk Management Systems (i.e. Allegro, Openlink, CXL, OATI or Solarc)

  • Minimum of 3 years of experience in generating physical Gas and/or Crude confirmations

  • Strong Access and Excel skills preferred

  • Must be task oriented, meticulous with a high degree of accuracy

  • High aptitude, affinity, and confidence in learning new computer software programs

  • Good communication skills

  • Ability to recognize problems by analyzing a large volume of information in a systematic and logical manner

  • Detail oriented, thorough, focused, perceptive, and inquisitive

  • Dependable and responsive

  • Experience with system implementations, user acceptance testing, process documentation, and special projects preferred

  • Excellent time-management and organizational skills

  • College degree preferred

Oxy is an Equal Opportunity Employer/Individual with Disability/Veteran Status


See if you are a match!

See how well your resume matches up to this job - upload your resume now.

Find your dream job anywhere
with the LiveCareer app.
Download the
LiveCareer app and find
your dream job anywhere
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Sr Risk Analyst Quant Analysis And BI

Shell

Posted 3 days ago

VIEW JOBS 11/9/2018 12:00:00 AM 2019-02-07T00:00 Act as key focal point for the following activities, working effectively with colleagues based in all locations: * Risk management information analytics and reporting: reporting, management information and analysis across STn businesses and across different risks pillars including contributing to the ERM roadmap, including the development of new reports as required, the development of effective Key Performance Indicator (KPI) reporting all on a global basis, and the development of effective risk management information analysis for monitoring and managing the STn portfolio expected credit loss (ECL), risk/return, Value at Risk (VaR) and other risk metrics. * Risk management data management: ensure data integrity and success of information analytics by managing the system interfaces between all the STn systems [ETRM and ERP]. Ensure T&S is maximizing the functionality of existing systems (currently 21+). * Quantitative modelling, provide support to front office and global risk teams with respect to quantitative models, including model reviews, development and standardization. * Develop, calculate and validate the daily statistical/risk analytics for various deal types in global crude trading and risk management - emphasis on option modeling and time series analysis * Utilize analytical and quantitative methodologies for daily risk monitoring, financial and transactional modeling and valuation * Perform scenario analysis, stress testing, and back testing of models to assess the impact of commodity price movements potential future exposure, credit risk metrics, and liquidity risks, gross margin at risk, and support regulatory and compliance requests * Validate and maintain asset valuation models. Develop models for long and short-term price volatility of market curves to support portfolio valuation and management decisions. * Work with the front office and originators to interpret and analyze complex risks of the business portfolio, including long term structured contracts, to determine the appropriate modeling to ensure accurate valuation and risk assessment * Research and monitor industry best practices and apply quantitative and statistical techniques to assist in the development of effective risk limits * Ability to lead and mentor peers on quantitative concepts, developing a more technical skill set within the team. * Take a leadership role in communicating and supporting positions to various stakeholders• Systems process excellence: data integrity and success of information analytics by managing the system interfaces between all the STn systems [ETRM and ERP]. * Automation: continued focus to implement and expand on the use of report and systems scripting tools such as Automate (or similar) * License to Operate, business critical reporting and regulatory mandated reporting are completed; ensure backup and contingency planning for data, systems and reporting * Knowledge retention and continuous improvement: responsible for embedding knowledge retention and business value retention through the business intelligence processes Shell Houston TX

Analyst Risk Operations

Oxy