Chevron Corporation Overview

Chevron is one of the world’s leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way-by operating responsibly, executing with excellence, applying innovative technologies, and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market, and distribute transportation fuels and lubricants; manufacture and sell petrochemical products and generate power. Chevron is headquartered in Houston, Texas. More information about Chevron is available at www.chevron.com.

Position Summary Overview:

The Risk Control Analyst / Senior Risk Control Analyst is part of Corporate Treasury – Credit & Risk Control division. Our mission is to provide strategic and effective credit risk management, commodity-based risk controls, trading exposure and mitigations as well as compliance with commodity market regulatory requirements to protect the financial integrity and reputation of Chevron. Risk Control’s primary responsibility is to independently identify, measure, analyze and report risk and performance of Supply & Trading (S&T) while serving a market risk advisory role and ensuring a controlled trading environment. S&T buys, sells and supplies crude oil, refined products, LNG, natural gas and gas liquids to support Chevron’s crude and gas production operations and its refining and marketing network worldwide through three major trading hubs located in Houston, Singapore and London.

This position is co-located with the S&T business in Westferry Circus, London, UK, to provide commodity risk controls and related independent analysis including market risk analytics, daily risk reporting and VaR modeling / analytics for various hydrocarbon and non-hydrocarbon commodity transactions. It is a key business partner with S&T and this position works closely with cross-functional teams across the organization. This role is an exciting opportunity to join a collaborative, dynamic team that provides stewardship and advice to the S&T organization with a global reach and high visibility to senior management on risk assessments, risk appetite, risk limit utilization and market risk mitigation actions.

Key Considerations:

• Position is located in Westferry Circus, Canary Wharf, London.
• Work schedule: full-time with alternative work schedules (e.g. compressed workweek with alternate Mondays or Fridays off). Hybrid work schedule is available with 4 days in office (Mo-Th), 1 day remote (Fr).
• Interest in acting as a market risk subject matter expert with current experience or to develop in role over a number of years.
• Chevron seeks career-minded individuals with technical and leadership potential. The company is committed to continuous learning, development and career growth, rewarding strong performance with competitive pay and benefits as well as advancement opportunities.

Responsibilities for this position include but are not limited to:

• Provide risk control oversight to ensure timely and accurate reporting of market risk exposures that are fully understood, properly evaluated and communicated to the appropriate stakeholders.
• Responsible for daily risk reporting of Chevron’s global trading portfolio. This includes monitoring of transactions, mark-to-market profit and loss (P&L), exposure and Value at Risk (VaR) against authorized limits.
• Analyze and identify P&L and exposure drivers of various trading books encompassing a wide array of commodities and financial instruments.
• Evaluate, model and advise on market risk profiles and implications from the trade to portfolio level (VaR stress testing, scenario analysis, etc.), including new trading strategies and products
• Ensure all trading activities remain within policies and mandated exposure and risk limits; escalate appropriately if they are breached and provide guidance on actions to be taken to reduce risk if necessary.
• Drive continuous improvement of risk reporting and control process as well as application of digital solutions.
• Apply sound market risk management principles, including maintaining independence, being proactive, transparent and open to debate with front office where applicable to ensure that decisions and actions taken align with the company’s risk measurement and reporting framework.
• Work with global Risk Control, Trading/front office and IT to identify and implement opportunities for dashboarding and visualization, automation and simplification, and enhancing insights into market risk.
• Drive efforts to build organizational capability by leveraging prior experience and sharing industry best practices with Risk Control.
• Build collaborative relationships across trading’s front, middle, compliance and IT teams.

Required Skills and Qualifications:

• Bachelors’ degree in Finance, Economics, Mathematics, Statistics, Science, Engineering or equivalent work experience in a commodity trading environment; advanced degrees a plus.
• 5+ years of relevant experience working in financial or energy risk management with a strong understanding of commodity trading, preferably in crude, gas and refined products markets.
• Strong understanding of commodity risk management, including derivatives, physical markets, trading cycle and risk metrics (e.g., VaR, Stop Loss, Position Limits).
• Critical thinker with strong quantitative and analytical skills.
• Handle multiple job responsibilities, set priorities, maintain a high level of accomplishment and implement process improvements.
• Ability to synthesize and communicate complex risk concepts and recommendations in a clear, logical manner to traders and management.
• Work collaboratively in a multi-discipline team environment on system and digital projects, troubleshooting issues, and drive changes as needed.
• Demonstrate inclusive and collaborative work behaviors.
• Strong interpersonal skills, including communication, teamwork and conflict management.
• Work proficiently in a fast-paced, open-concept trading floor environment.

Preferred Qualifications:

• Proficiency/prior experience with energy trading risk management (ETRM) software platform (e.g. SRA, Endur).
• Familiarity with the risks and products associated with power and emerging business of the energy transition (e.g., hydrogen, carbon credits, renewables, etc.)
• Proficient in risk analytics tools (e.g. SAS, Matlab, R, Algorithmics/MDAS).
• Advanced computer skills (e.g. high level of Excel proficiency, VBA, SQL/Python/R).
• Ability to design and manage data visualization tools (e.g. Power BI, Tableau).

Relocation Options:

• Relocation will not be considered

International Considerations:

• Expatriate assignments will not be considered.

• Chevron regrets that it is unable to sponsor employment visas or consider individuals on time-limited visa status for this position.

London, England

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