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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 Director of Hydrocarbon Risk Management is responsible for overseeing and managing the identification, assessment, and mitigation of risks associated with the hydrocarbon value chain. This role involves developing and implementing risk management strategies, ensuring compliance with industry regulations, and collaborating with various stakeholders to promote a culture of risk awareness. The Director of Hydrocarbon Risk Management will report to the Vice President, Controller and Enterprise Risk.
This role is based at our Corporate Headquarters in Downtown Houston, TX.
Responsibilities:
•Engages with company leadership to plan, forecast, and drive hydrocarbon risk management strategy, establish associated business objectives, and ensure effective business contribution.
•Leads strategic risk oversight in trading operations, predicting market shifts and their impact, and shaping the organization's risk approach to trading activities for optimal risk mitigation and compliance.
•Develop and implement strategies to mitigate identified risks, collaborating cross-organizationally to ensure mitigation plans are integrated into business and operational processes.
•Supports strategic decision-making by providing risk insights and analysis, ensuring risk management informs strategic planning processes.
•Advise management on issues of risk, including potential changes in risk exposure due to changes in business or commercial strategy.
•Own and oversee the administration and maintenance of the policies and standards related to Hydrocarbon Risk.
•Oversee the annual review of policies and standards and present findings and recommendations to the MRC.
•Provide advice and guidance to management in the development of processes and guidelines to manage Hydrocarbon Risk.
•Oversee implementation of processes to evaluate and mitigate hydrocarbon price risk and work with Front Office and corporate leadership to define risk metrics and KPIs.
•Represent the Middle Office in all aspects of corporate planning and direction; escalate Middle Office issues to leadership as needed.
•Oversee the production and distribution of all risk reporting.
•Review and approve all risk mitigation planning, including response to limit breaches and operational control mechanisms.
•Communicate with stakeholders regarding the risk profile of the business.
•Lead the Risk Management team of 15-20 professionals.
•Overall owner of primary accountability for risk management system capabilities and configuration.
•Ensure compliance with all relevant laws, regulations and internal policies.
•Serve as the secretary for the Motiva Risk Committee (MRC).
Experience and Qualifications:
Required Education and Experience:
•Bachelor’s degree in Finance, Business Administration, Risk Management, or a related field
•15+ years of extensive experience in front office and/or middle office operations, with at least 7-8 years in a front or middle office management capacity
•7+ years of leadership experience, including managing and leading teams, mentoring and coaching team members, and overseeing projects and strategic decision-making.
•Proven track record of managing risk assessment and mitigation programs.
•Strong analytical and problem-solving skills.
•Excellent communication and leadership abilities.
•In-depth knowledge of industry regulations and standards.
•Ability to work collaboratively with diverse teams.
Preferred Education and Experience:
•Professional certification in risk management (e.g., CRM, ARM).
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.
All qualified applicants will receive consideration for employment without regard to race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, protected veteran status, citizenship, genetic information, or other protected status under federal, state, or local laws.