Risk Control Analyst - Senior

#WeAreONEOK – Fortune 500 company. 100+ years in business. Leading midstream service provider. Safety first. Sustainable operations. Environmentally responsible. Employee focused.

JOB SUMMARY

Job Profile Summary

Performs activities associated with control of commodity and operational risk across all business units.

Essential Functions and Responsibilities

• Analyze and/or prepare complex reports and records related to daily mark-to-market profit and loss (P/L) variance of trading books, volumetric positions, hedge strategies and Value at Risk (VaR), providing management with explanations of major variances and analytics to support business decisions.
• Collaborate with front and back office to quantify and analyze risks associated with potential transactions and to ensure proper deal capture, valuation, accounting, and compliance with risk management policies.
• Develop and maintain complex hedging strategies and sophisticated models to support business segment commodity risk mitigation.
• Provide analysis and recommendations for acceptable hedge instruments and practices to ensure compliance with hedge accounting requirements.
• Prepare back tests, scenario analysis, stress tests and performance analysis to explain the drivers of risk and mitigation strategies.
• Utilize statistical modeling techniques to forecast potential commodity price changes as well as monitor macroeconomic market conditions to adjust models accordingly.
• Monitor, control and report daily transaction activity from financial and physical desks to ensure compliance with approved risk management policies.
• Update and validate market price curves on a daily basis.
• Utilize the Risk System software to maintain all physical and financial obligations and prepare mark to market position reports.
• Work with trading, accounting and contract administration employees and management to ensure accurate processing of all financial trading activities.
• Work closely with IT team members to design, validate, implement, troubleshoot and maintain various system solutions for both positions and P&L reporting.

Education

• Bachelor's Degree in accounting, finance, economics, mathematics or related field with job-related experience
• Master's Degree in accounting, finance, economics, mathematics preferred

Work Experience

• Experience performing detailed financial analysis and modeling of complex commodity trading activities.
• Experience and/or training related to:
  • Accounting standards and supporting documentation.
  • Trading policies and practices.

Knowledge, Skills and Abilities

• Knowledge of: commodity markets and financial derivative instruments such as forwards, futures, swaps and options.
• Knowledge of: advanced statistical and data modelling techniques utilizing various software including MatLab, R and Python.
• Knowledge of: risk management methodologies and Monte Carlo simulations.
• Knowledge of: risk measures.
• Skills in: UI Path automation software a plus.
• Skills in: Microsoft Excel required.
• Ability to: apply complex mathematical concepts, including algebraic formulas, statistical methods, calculus and derivative pricing models.
• Ability to: to grasp and accurately communicate complex transactions, strategies and models to varying organization levels while highlighting relevant information to a targeted audience.
• Ability to: to mine, manipulate, interpret and analyze large data sets across multiple applications.
• Ability to: communicate and/or exchange information and instructions.
• Ability to: read and interpret financial statements, professional accounting standards, trading policies, contracts, agreements, computer printouts, industry publications, reports and correspondence.

Licenses and Certifications

• None required

Strength Factor Rating - Physical Demands/Requirements

• Sedentary Work - Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Strength Factor Description - Physical Demands/Requirements

• Standing: Remaining on one's feet in an upright position at a work station without moving about (Occasionally)
• Walking: Moving about on foot (Frequently)
• Sitting: Remaining in a seated position (Constantly)
• Lifting: Raising or lowering an object from one level to another (includes upward pulling) (Occasionally)
• Carrying: Transporting an object, usually holding it in the hands or arms, or on the shoulder (Occasionally)
• Pushing: Exerting force upon an object so that the object moves away from the force (Occasionally)
• Pulling: Exerting force upon an object so that the object moves toward the force (includes jerking) (Occasionally)
• Climbing: Ladders, Stairs (Occasionally)
• Balancing: Maintaining body equilibrium to prevent falling (Occasionally)
• Stooping: Bending the body downward and forward by bending the spine at the waist (Occasionally)
• Kneeling: Bending the legs at the knees to come to rest on the knee or knees (Occasionally)
• Crouching: Bending the body downward and forward by bending the legs and spine (Occasionally)
• Crawling: Moving about on the hands and arms in any direction (Occasionally)
• Reaching: Extending hands and arms in any direction (Constantly)
• Handling: Seizing, holding, grasping, turning or otherwise working with the hand or hands (Manual Dexterity) (Constantly)
• Fingering: Picking, pinching or otherwise working with the fingers primarily (Finger Dexterity) (Constantly)
• Feeling: Perceiving such attributes of objects/materials as size, shape, temperature, texture, movement or pulsation by receptors in the skin, particularly those of the finger tips (Constantly)
• Talking: Expressing or exchanging ideas/information by means of the spoken word (Frequently)
• Hearing: Perceiving the nature of sound by the ear (Frequently)
• Tasting/Smelling: (Occasionally)
• Near Vision: Clarity of vision at 20 inches or less (Constantly)
• Far Vision: Clarity of vision at 20 feet for more (Frequently)
• Depth Perception: Three-dimensional vision; ability to judge distances and spatial relationships so as to see objects where and as they actually are (Frequently)
• Vision: Color - The ability to identify and distinguish colors (Constantly)

Working Conditions/Environment

• Employee is subject to inside environmental conditions

Working Conditions

• Well lighted, climate controlled areas (Constantly)
• Frequent repetitive motion (Constantly)
• CRT (Computer Monitor(s)) (Constantly)

Travel

• None required,

Driving

• Based on assigned tasks, employee may be assigned a company vehicle requiring the applicable driver's license

ONEOK is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, sex, pregnancy, sexual orientation, age, religion, creed, national origin, gender identity, disability, military/veteran status, genetic information or any other categories protected by applicable law.

The job description is not intended to be a complete list of all responsibilities, duties or skills required for the job and is subject to review and change at any time, with or without notice, in accordance with the needs of ONEOK.

ONEOK is committed to making our workplace accessible to individuals with disabilities and will provide reasonable accommodations, upon request, for individuals to participate in the application and hiring process. To request an accommodation email HRSolutions@ONEOK.com or call 1-855-663-6547​.

Expected Salary Range