Risk Control Manager, COI Houston at Colonial Group, Inc. in Houston, Texas

Job Description:

Colonial Group, Inc.

Position Title: Risk Control Manager, COI Houston
Req # 1150
Location: Houston, TX, USA
Job Function: Finance
Pay Type: Salary


Job Description

Colonial Oil Industries, Inc. (COI) is one of the largest independent oil companies in the Southeast and has been serving the region since 1921. With strategic ocean terminals in Savannah, GA, Charleston, SC, and Jacksonville, FL, along with numerous terminals along the Colonial and Plantation Pipeline, COI has an extensive network to supply gasoline and diesel fuel to the Southeast.

POSITION SUMMARY

Responsible for transaction validation, creation of book structure, creation and validation of price curves, data integrity, stress testing, advanced analytics, and risk reporting. Risk reporting includes but is not limited to: generating daily position reports, daily PnL’s, a daily limit compliance report, reporting counterparty risk (in coordination with the Credit Department), contract administration, document management, and various other reports as required to ensure compliance with this and other company policies. This role is also responsible for sending/receiving trade confirmations and reporting that all bulk deals are appropriately hedged.

JOB EXPECTATIONS/DUTIES

• Ensure compliance with Corporate Delegation of Authority and Risk Policy.
• Review and validate daily Position Summary report and PnL.
• Generate daily exposure including overall position and pricing forecast.
• Review accuracy of ETRM data to include accurate marks, input of costs and troubleshoot discrepancies and system issues.
• Oversee contract and confirmation process.
• Other assignments as needed.

QUALIFICATIONS/REQUIREMENTS

• Bachelor’s degree in business administration or a related field is preferred.
• 5 years of refiner or trade house handling products or other related industry experience.
• Middle office management experience preferred.
• Proficient in Microsoft Office suite of software.
• Demonstrated ability to communicate effectively at all levels of the organization.
• Excellent interpersonal skills, effective communication, organization, and customer relationship development skills.
• Ability to work well individually and as part of a team.

Physical Requirements:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

While performing the duties of this job, the employee is regularly required to sit, stand, walk, and may occasionally lift and/or move up to 40 pounds. Travel will be required.

Eligibility Requirements:

Hiring is contingent upon eligibility to work in the U.S.

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Colonial Group, Inc. is an EEO/AA employer and committed to creating an environment that values and supports diversity and inclusiveness across our organizations. We encourage applications from qualified individuals who will help us achieve this mission. Colonial Group, Inc. prohibits discrimination based on race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, veteran status, or marital status.

This position description is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities or working conditions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. No part of this position description shall be construed as an employment contract. Employment with Colonial Group, Inc. is at will and constrained by the laws of the state wherein the employee performs the service for the company.

Eligibility Requirements
Hiring is contingent upon eligibility to work in the United States.

Colonial Group, Inc. is committed to creating an environment that values and supports diversity and inclusiveness across our organizations. We encourage applications from qualified individuals who will help us achieve this mission. Colonial Group, Inc. prohibits discrimination of and will receive consideration for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, veteran status,marital status, or any other legally protected status.

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