Senior Commercial Risk Analyst - Middle Office

About the role

An exciting career awaits you

At MPC, we're committed to being a great place to work - one that welcomes new ideas, encourages diverse perspectives, develops our people, and fosters a collaborative team environment.

Position Summary

The Commercial Risk team is part of Marathon's Middle Office organization and plays a critical role in supporting Marathon's Supply and Trading functions by providing independent oversight of market risk and trading performance. The team delivers value through the measurement and reporting of market risk associated with commercial trading and hedging activities, as well as through in-depth financial analysis and reporting.

This role is essential to understanding daily trading performance and ensuring the organization captures value from its supply and trading operations, leveraging strong financial expertise and commercial acumen.

The team ensures that financial results are aligned with prevailing market conditions, offering an independent perspective on trading outcomes and confirming that activities remain within defined risk limits and governance frameworks.

As part of the team, you will expand your understanding of the oil energy markets. This will include how various oil commodities are priced and how purchase and sale transactions and related transportation costs impact the associated trade. You will also develop a deeper appreciation of how financial instruments are used to hedge and used to minimize the risks associated with the physical side of the transactions.

You will gain a better understanding of the concept of price exposure and of Marked to Market (MtM) methodologies and how they apply to the oil energy markets. This role opens future opportunities to join commercial teams to supply and trade commodities in an exciting and expanding company and industry.

We are seeking a Senior Commercial Risk Analyst with demonstrated experience in price risk management, either within a Front Office or Middle Office environment, to support this growing area and contribute to the continued evolution of the platform.

Key Responsibilities

• Perform daily financial analysis on system generated daily MtM trading performance and issues reports on the portfolio priced position and results
• Collaborate with other team members and stakeholders including Middle Office, Accounting, Refining Operations, Schedulers and Traders, designing and enhancing processes and procedures to enable accurate and timely priced position information
• Validate inputs to MtM results for accuracy and consistency with policies and procedures, tests and validates new data sources enabling faster and more accurate compilation of position data
• Develop, maintain, and enhance analytical reports, and perform ad hoc analysis in support of senior management
• Develop and enhance processes and controls to ensure accurate and timely priced position reporting
• Support design, development, and implementation of new activity
• Support team initiatives and ad hoc projects, including internal and external audit requests
• Maintain and deliver weekly and monthly analytical reporting packages
• Test and validate new data sources enabling faster and more accurate compilation of position data
• Provide clear, concise explanations of risk exposures and key drivers impacting portfolio performance and related strategic decisions
• Partner with Accounting and Finance (BP&A) to reconcile and explain variances between risk management and financial reporting

Minimum Requirements

• Bachelor's degree in Accounting, Finance, Economics, or related discipline required
• Four (4) or more years of experience in analysis of financial results and reporting and/or experience in refinery or supply operations
• 2+ years of demonstrated experience trading or risk managing commodity trading activities
• Ability to use and create Power BI reports preferred

• #TA Corporate
• As an energy industry leader, our career opportunities fuel personal and professional growth.
• Location: Houston, Texas

Additional locations

• Job Requisition ID: 00025306
• Location Address: 500 Dallas St Ste 2900
• Education: Bachelors (Required)
• Employee Group: Full time
• Employee Subgroup: Regular