Risk Reporting & Contracts Intern

Job Type:

Plains is an industry-leading transportation and midstream provider specializing in transportation storage processing and marketing solutions for crude oil. We own an extensive network of pipeline transportation terminalling storage and gathering assets in key oil producing basins and transportation corridors and at major market hubs in the United States and Canada. The company is headquartered in Houston Texas.

Were on the lookout for passionate selfstarters who thrive in fastmoving collaborative and innovative environments.

New to the midstream energy sector No problem! Plains offers a comprehensive formal training program featuring on-the-job training companywide learning series online educational tools (see sample) and student programs.

About this student opportunity

At Plains students are vital members of our team driving our business forward with their fresh perspectives and innovative ideas. From day one youll feel empowered to ask questions and truly be part of our collaborative culture.

We offer students the chance to build professional networks by working alongside skilled professionals mentors and fellow students. Our student programs provide hands-on experience within the oil and gas midstream sector and opportunities for students to take on higher level projects depending on their skills and career interests.

Responsibilities:

• Facilitate and maintain all commercial contracts within the Energy Trading and Risk Management (ETRM) system (Right Angle) ensuring accurate setup and oversight for a wide range of commodity and trade types including NGLs (Propane Butane) Crude and Lease Supply.

• Oversee the end-to-end contract lifecycle including data entry document generation execution (printing signing and distribution) and system updates to reflect real-time status changes key milestones and follow-up actions ensuring full auditability and compliance throughout.

• Understand how to capture complex trader requests within the limitations of the system and changing business environments.

• Reconciling reporting and managing FCM accounts and OTC counterparties.

• Monitoring adherence to energy risk management policies/procedures metrics and limits to identify errors and exceptions while ensuring compliance and identifying improvement opportunities.

• Monitoring overall position limits volumes pricing and approvals.

• Preparing and communicating daily weekly and monthly risk reporting for management.

• Develop an understanding of the Canadian crude oil industry including Plains role within the overall industry value chain.

• Build foundational knowledge of risk management concepts including commodity exposure and mark-to-market valuation.

• Gain exposure to crude oil trading structures including both physical transactions and financial derivative instruments.

Qualifications:

• Enrolled in a bachelors degree program in business finance economics or Risk Management

• Ability to juggle multiple priorities and meet deadlines in fast-paced environment

• Highly motivated with strong financial analytical organizational communication and interpersonal skills

• Goal oriented and able to contribute as a team player

• Strong attention to detail and organizational skills

• Proficiency with MS Office including Excel Word PowerPoint SharePoint and Outlook

• Cleared criminal history (background) education and satisfactory reference checks

#Plains

How to ace your interview

• Application Essentials: Include your resume cover letter and transcript.

• Stay Updated: Check your email (including junk folder) frequently.

• Preparation Tips:

  • Learn about the midstream industry (TIP: watch this video).

  • Understand our core values recent Plains news or read our sustainability report.

  • Dress and communicate professionally.

  • Inform us of any vacation plans or changes in availability.

  • Prepare questions to ask at the end of your interview.

As a student at Plains youll receive competitive compensation industry leading work experience and the opportunity to take part in a variety of social events with colleagues. The program focuses on delivering meaningful experiences that aligns with students education and career development goals. We value students contributions while supporting a healthy balance between work school and personal priorities.

We are committed to providing employment opportunities to all qualified individuals without regard to age race color national or ethnic origin religion sex sexual orientation gender identity or expression veteran status genetic information disability or any other characteristic protected by federal state or local with disabilities can request accessible formats communication supports or other accessibility assistance by contacting .

Salary details estimated by job boards such as Indeed Glassdoor and LinkedIn do not represent Plains compensation structure. We thank all candidates for their interest; however only those selected for an interview will be contacted.

By submitting your resume you consent to the collection use and necessary disclosure of the personal information provided during the application and selection process. Learn more.