Risk Analyst - Pricing

Responsibilities

• Monitor, validate, and maintain automated daily price feeds from third-party market data providers into the ETRM.
• Ensure the accuracy and integrity of market pricing data, forward curves, and resulting valuation outputs within the ETRM environment.
• Independently validate exchange settlement prices, price reporting agency data, broker quotes, and internal transfer pricing inputs.
• Investigate and resolve pricing feed issues, data gaps, load failures, and pricing discrepancies within established control timelines.
• Perform end-to-end data quality reviews across pricing, valuation, trade, and settlement data.
• Design, develop, configure, and maintain forward and market curves for physical and derivative products.
• Ensure curves support accurate valuation and risk decomposition, including flat-price and basis risk analysis.
• Maintain key ETRM configuration components, including:
• Holiday and expiry calendars
• Delivery period structures
• Pricing products, locations, benchmarks, and formula-based pricing relationships
• Curve metadata, naming conventions, and valuation structures
• Execute controlled manual price loads for broker quotes, internal pricing inputs, and exception scenarios, ensuring appropriate documentation and approvals.
• Identify, investigate, document, and escalate pricing exceptions in accordance with risk control procedures.
• Support setup, testing, and deployment of new pricing curves and market data configurations.
• Support daily and month-end derivatives valuation, exposure reporting, P&L validation, and position reporting processes.
• Investigate valuation and P&L variances related to pricing inputs, market curves, or system configuration.
• Support ad hoc analysis involving price histories, curve methodologies, valuation techniques, and market data trends.
• Support compliance with established risk controls, segregation-of-duties requirements, and audit standards.
• Develop and maintain policies, procedures, process documentation, and audit-ready controls.
• Partner with IT and system administrators during testing activities, system enhancements, and user acceptance testing (UAT).
• Identify opportunities to automate manual processes, strengthen data quality controls, and improve pricing workflows.
• Collaborate with Risk, Commercial, Supply Optimization, Scheduling, Finance, and IT teams to resolve data issues and improve pricing processes.
• Experience and Qualifications:
• Required Education and Experience:
• Bachelor's degree in Finance, Economics, Accounting, Engineering, Mathematics, Business, or a related quantitative field.
• 3+ years of experience in market risk, middle office, commodity analytics, product control, trading support, or a related commodity trading environment.
• Experience working in an Energy Trading and Risk Management (ETRM) system; RightAngle experience preferred.
• Knowledge of forwa

Benefits

Additional Information

At Motiva, our employees' energy, passion, and dedication to excellence are what make us who we are and what allows us to generate energy that makes a house a home, gets us from point A to point B, and enables our health and wellbeing. We invest in every aspect of our employees' lives because, at Motiva, our people matter. Headquartered in Houston, Texas, Motiva refines, distributes and markets petroleum products throughout the Americas. The company's Port Arthur Manufacturing Complex in Port Arthur, TX, is comprised of North America's largest refinery with a total throughput of 720,000 barrels per day, the largest base oil plant in the western hemisphere, and an integrated chemical plant. Under exclusive long-term brand licenses with Shell and Phillips 66 (for the 76® brand), Motiva's commercial operations supply more than 12 billion gallons of fuel to customers annually. Motiva is wholly owned by Aramco, one of the world's largest integrated energy and chemicals companies. Position Overview: The Risk Analyst - Pricing is responsible for ensuring the accuracy, completeness, and control integrity of price data within Motiva's Energy Trading and Risk Management (ETRM) system. This role serves as a key control point for hydrocarbon and petrochemical pricing activities, including validation of market data, development and maintenance of forward and market curves, configuration of pricing structures, and investigation of pricing-related discrepancies impacting deal pricing, market valuation, and risk reporting. The analyst partners closely with Supply Optimization, Scheduling, Commercial, Finance, IT, and the broader Risk organization to maintain reliable, auditable, and timely pricing inputs across Motiva's trading and supply portfolio. The role also provides support for valuation processes, risk reporting, and continuous improvement initiatives related to pricing and market data management. This is an on‑site position located at Motiva's downtown Houston corporate headquarters. and operates on a 9/80 work schedule, providing alternating Fridays off to support work-life balance

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