Director of Market Risk Management

Director of Market Risk Management
Notice info
LocationKing of Prussia, PA
Hybrid
Remote
Oil and Gas

About This Job


Director of Market Risk Management


Location:King Of Prussia, PA, US, 19406


Workplace Environment: Hybrid


Company: UGI Corporation


Requisition Number: 26579

UGI Corporation (NYSE: UGI) is a holding company that distributes and markets energy products and services through our subsidiaries and the company’s common stock is a balanced growth and income investment. UGI Corporation has paid common dividends for more than 135 consecutive years.


In addition to a challenging career and competitive compensation, our employees enjoy:


Generous and Family-friendly Health & Welfare Benefits Including:

Medical, Vision, and Dental Plans
Optional Health Savings Account
Optional Dependent Care Savings Account
Paid Maternity/Paternity Leave
Work from home policy
Employee Assistance Program



Additional Benefits Include:

401K with a generous company match
Tuition Reimbursement
Assistance with Professional Credentialing
Referral Bonuses
Employee Discount Programs


Job Summary

We are seeking an experienced Director to create and lead our Market Risk Management operations. This senior leadership role is primarily focused on market risk management and middle office excellence while incorporating sophisticated quantitative analysis responsibilities to support UGI Corporation and each of its 4 business units. The ideal candidate will be hands-on leader with deep energy markets expertise who can drive risk controls, net exposure quantification, and analytical risk frameworks.


Key Responsibilities


Risk Management and Middle Office Operations

Lead comprehensive centralized market risk management and middle office operations working collaboratively with all four UGI business units (UGI Utilities, UGI Energy Services, AmeriGas and UGI International), coordinating independent risk oversight responsibilities with each business unit front and back-office teams for optimum effectiveness.

Establish and maintain risk management frameworks, daily risk controls, including portfolio validation, monitoring position limits and credit exposure, counterparty risk assessment, and risk analysis.
Oversee trade capture, position management, settlement processes, and operational workflow optimization
Update, implement and maintain commodity risk policy, procedures, and governance structures in alignment with regulatory requirements and industry best practices


Portfolio Validation, Reporting & Analysis

Lead regular portfolio validation processes to ensure accuracy of positions, valuations, and risk metrics across global operations including mark-to-market valuations, P&L attribution, and performance analytics with global market perspectives

Prepare weekly, monthly, quarterly, and event driven executive risk reporting and dashboards for VP Global Risk and Compliance, senior leadership and Board of Directors, incorporating global analytics insights, key risk indicators (KRIs), and integrated net exposure perspectives


Scenario Analysis & Stress Testing

Design and execute comprehensive scenario analysis and stress testing with global market considerations, advanced risk metrics, , correlation analysis, and tail risk measures as appropriate

Model and forecast potential impacts of extreme weather events, commodity price volatility, geopolitical risks, and operational disruptions across international markets, delivering a simple dashboard showing margin and cash needs under extreme scenarios
Develop and maintain models for net exposure calculation across all business units, considering cross-commodity correlations and portfolio effects


Team Leadership & Development

First and foremost, collaborate with Business Units’ Operations, IT, Treasury, Finance, Compliance and ERM leaders and teams to enhance risk culture, systems, analytical capabilities, and data infrastructure
Mentor junior staff across UGI as necessary and provide technical training on advanced energy risk management concepts, quantitative methods, and global market analysis
Overtime as needed lead and develop a team of experts, including possibly risk and credit analysts, middle office professionals, and quantitative specialists
Foster a culture of analytical excellence, risk awareness, and continuous improvement across the organization


Required Qualifications


Education & Experience

Bachelor's degree in Finance, Economics, Business, Engineering, Mathematics, Statistics, or related quantitative field; MBA, MS in Financial Engineering, or advanced degree in quantitative disciplines strongly preferred
Minimum 12-15 years of progressive experience in energy risk management and quantitative analysis, with at least 5-7 years in senior leadership roles
Proven experience in utility or energy distribution companies with global market exposure, preferably with multi-commodity and multi-jurisdictional experience
Strong background in commodity and market risk management and middle office operations, including trade capture, position management, and settlement processes across multiple markets
Demonstrated expertise in advanced risk analytics, net exposure calculation, and portfolio optimization techniques


Technical Skills

Deep understanding of global energy markets, including natural gas, electricity, refined products, and renewable energy markets across multiple regions
Proficiency in risk management systems (Allegro, Endur, or similar Energy Trading Risk Management (ETRM) platforms) with experience in complex multi-book configurations
Advanced knowledge of derivatives, hedging strategies, financial risk management principles, and portfolio optimization techniques
Expert-level skills in quantitative analysis and risk modeling


Regulatory & Industry Knowledge

Comprehensive understanding of utility regulatory environments (FERC, state PUCs, international regulatory bodies)
Knowledge of accounting standards for derivatives (ASC 815, IFRS) and utility accounting principles across multiple jurisdictions
Understanding of energy commodity risk, weather risk, basis risk, operational risk, and geopolitical risk in global energy distribution and trading
Understanding of Independent System Operator (ISO) operations


Preferred Qualifications

Professional certifications such as FRM, PRM, CFA, or quantitative risk management certifications
Knowledge of energy storage, demand response, and emerging energy technologies


Key Competencies

Strategic Thinking: Ability to translate complex risk concepts and analysis into actionable business strategies
Leadership: Proven track record of building and leading high-performing teams
Communication: Excellent written and verbal communication skills for executive-level presentations
Problem Solving: Strong analytical and critical thinking abilities to address complex risk challenges
Adaptability: Ability to thrive in a dynamic regulatory, market, and team environment
Collaboration: Experience working across functional teams and with external stakeholders


Reporting Structure

This position reports directly to the VP Global Risk & Compliance. The role involves regular interaction with executive leadership, possibly Board members, external auditors, and require coordination with US and international subsidiaries.


Travel Requirements

Approximately 5-10% travel may be required for industry conferences, regulatory meetings, and business unit visits.


Compensation

Competitive salary commensurate with experience, plus comprehensive benefits package including performance-based bonuses, equity participation, and professional development opportunities.



#LI-Hybrid

All offers of employment are contingent upon the successful completion of a background check and drug screen, subject to applicable laws and regulations.

UGI Corporation is an Equal Opportunity Employer. The Company does not discriminate on the basis of race, color, sex, national origin, disability, age, gender identity, sexual orientation, veteran status, or any other legally protected class in its practices.


Nearest Major Market: Philadelphia

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