Senior Manager, Commodity Risk Mgmt
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Job Location:
Houston, MS - USA
Monthly Salary:
Not Disclosed
Posted on:
3 days ago
Vacancies:
1 Vacancy
Department:
Job Summary
Job Summary
We are seeking a strategic and hands-on Senior Manager Risk Control to lead our energy commodity risk management function for WM Renewable Energy business. Reporting to the Senior Director of Finance this role will drive the strategic direction for risk frameworks systems and reporting and serve as a key advisor to WMRE leadership across commercial finance compliance and Corporate Enterprise Risk Management function.
Key Responsibilities
Risk Framework Development & Governance
- Driver of the strategic vision for commodity risk management ensuring alignment with enterprise risk appetite and business objectives.
- Lead mentor and develop a high-performing risk control team including managers and analysts across multiple risk domains.
- Align commodity risk practices with enterprise-wide risk frameworks in collaboration with the ERM team
Propose valuable improvements to existing models or methodologies for evaluating portfolio risks
- Build and implement comprehensive risk frameworks including VaR PaR PFE stress testing and scenario analysis
Operational Risk Management
- Champion the adoption of analytics automation and digital tools to enhance risk identification and mitigation.
- Lead selection of an ETRM platform and risk data infrastructure
- Lead cross-functional risk initiatives partnering with Trading Procurement Treasury and Corporate ERM to drive enterprise-wide risk culture.
- Monitor daily market credit and operational risks across commodity portfolios
- Review and validate forward curves and pricing inputs for MTM ensuring consistency with market data
- Monitor curve construction for seasonal commodities flagging anomalies for adjustment
- Support pricing model updates incorporating new trades or market shifts
- Develop tools to streamline trade data analysis such as reconciling positions or tracking patterns
Reporting Analytics & Stakeholder Engagement
- Create actionable dashboards and reporting packages: MtM VaR stress testing limit breaches and P&L attribution
- Deliver regular risk insights and reports to the Senior Director of Finance Risk Committee and cross-functional leadership
- Serve as the finance liaison to trading supply chain and commercial teams while proactively surfacing insights and mitigation strategies
Hedging & Mitigation Strategy
- Partner with front office teams to develop effective hedging strategies (futures swaps options structured products)
- Track and report on open positions exposures and counterparty risk; escalate breaches and propose corrective actions
- Conduct back-testing and stress testing to validate assumptions and assess the impact of extreme market conditions
Team & Cross-Functional Development
- Lead the buildout and scaling of the commodity risk function potentially including recruitment and mentorship of credit risk analysts
- Provide coaching and education to business and finance stakeholders on risk principles and risk-adjusted decision-making
- Collaborate with internal audit compliance finance operations and the ERM team to ensure a unified risk management approach
Qualifications
Required
- 812 years of experience in commodity risk management within the energy industry (power gas oil or environmental products).
- Hands-on experience implementing or managing ETRM systems and integrating risk models.
- Deep understanding of risk quantification methodologies (VaR PFE stress testing margining).
- Advanced technical skills: Python SQL Excel/VBA and experience with BI tools such as Power BI or Tableau.
- Bachelors degree in Finance Economics Engineering or a quantitative discipline. Advanced degree or certifications (e.g. CFA FRM ERP) preferred.
Preferred
- Experience in both physical and financial commodity trading or corporate procurement environments.
- Proven ability to build or scale a risk function within a trading or asset-intensive environment.
- Strong interpersonal and communication skills to influence cross-functional stakeholders.
- Familiarity with ESG and regulatory frameworks impacting commodity markets is a plus.
Reporting Structure
- Reports to: Senior Director of Finance
- Key Partnerships: Corporate ERM Trading Procurement Commercial Ops Treasury Internal Audit
Growth & Impact
This is a high-visibility high-impact opportunity to architect and lead a mission-critical function. Youll help shape how the company identifies quantifies and manages commodity risk while aligning local risk practices with enterprise-wide frameworks and strategy.
Benefits
At WM each eligible employee receives a competitive total compensation package including Medical Dental Vision Life Insurance and Short Term Disability. As well as a Stock Purchase Plan Company match on 401K and more! Our employees also receive Paid Vacation Holidays and Personal Days. Please note that benefits may vary by site.
If this sounds like the opportunity that you have been looking for please click Apply.
Required Experience:
Senior Manager
Key Skills
- Arm
- Risk Management
- Financial Services
- Cybersecurity
- COSO
- PCI
- Root cause Analysis
- COBIT
- NIST Standards
- SOX
- Information Security
- RMF
About Company
ABOUT WM WM ( WM.com ) is North America’s largest comprehensive waste management environmental solutions provider. Previously known as Waste Management and based in Houston, Texas, WM is driven by commitments to put people first and achieve success with integrity. The company, through ... View more
