Global Market Risk Manager, Refined Products and Feedstocks

About Us

At ExxonMobil, our vision is to lead in energy innovations that advance modern living and while reducing emissions. As one of the world’s largest publicly traded energy and chemical companies, we are powered by a unique and diverse workforce fueled by the pride in what we do and what we stand for.

The success of our Upstream, Product Solutions and Low Carbon Solutions businesses is the result of the talent, curiosity and drive of our people. They bring solutions every day to optimize our strategy in energy, chemicals, lubricants and lower-emissions technologies.

We invite you to bring your ideas to ExxonMobil to help create sustainable solutions that improve quality of life and meet society’s evolving needs. Learn more about our What and our Why and how we can work together.

What Role You Will Play On Our Team

We are seeking a highly skilled and commercially oriented Global Market Risk Manager to lead Market Risk for our global Refined Products and Feedstocks trading portfolios. This position requires deep understanding of the Products & Feedstocks markets and market risk management in those. Leadership and independent thinking with strong commercial instincts and the professional presence to engage with and influence senior trading leadership is important.

The role is embedded within the trading organization and requires daily engagement with book leads, senior book leads and senior trading management across gasoline, distillates, jet, naphtha, blendstocks, biofuels, biofuels credits and refinery feedstocks. The successful candidate will ensure that risk is measured accurately, communicated clearly, and managed in alignment with the company’s risk appetite. The candidate will be able to lead and drive the teams to provide meaningful, accurate and timely risk insights to the front office, building a strong report that integrates Risk Management in value creation that expresses itself in PnL while also being a fiduciary to ensure compliance with Risk Policies in place.

This role is a key member of the Global VP Products & Feedstocks Trading leadership team and reports to to Chief Market Risk Officer, ExxonMobil Global Trading. The position interfaces with senior leadership across the Global Trading function, including the President. Sound judgment, situational awareness, and the ability to challenge constructively is important. This position is located in Houston(Spring), Texas and has teams located in Houston, London and Singapore.

Technical Markets & Risk Management Expectations

The ideal candidate brings a good understanding of both the refined products and feedstocks markets and market/price risk management in those. This includes, but not limited to, understanding market structures, spreads, basis dynamics, blending economics, quality arbitrage, optionality in assets/contracts and how to monetize those. This is combined with a strong technical understanding of position management, exposure determination, valuation, Trading PnL attribution, VaR, drawdown, etc, including options, and risk analytics. A solid understanding of how energy trading risk management systems and processes work is also key.

What You Will Do

• Lead and develop a global team across three trading hubs of Market Risk Supervisors, Advisors and Analysts, ensuring consistent execution and high professional standards.
• Market Risk focal point for front-office and senior stakeholders. Develop strong relationships with Commercial stakeholders and possess deep end-to-end understanding of trading strategies, associated exposures and future growth aspirations for the trade desk supported.
• Demonstrate a strong commitment to market risk management principles, including being proactive, transparent, and open to debate with Trading management as necessary.
• Lead cross functional Market Risk Meetings and collaborate with Global Trading management to oversee market and operational risk. Advise on the financial impact and risk profile of new strategies, transactions, and structural changes
• Accountable and oversee teams performance in monitoring and reporting daily risk, exposure, mark-to-market, P / L, and position matching (physical vs. paper) reports to trading and financial management for all of global products and feedstocks.
• Identify exceptions to established limits and tolerances, remedy through authorizations or corrective actions. Monitor adherence to VaR, stress, and concentration limits and ensure transparency around evolving exposures
• Advise on the financial impact and risk exposure of new strategies, activities or transactions. Leadership in developing risk mitigation plans and strategies.
• Engage directly with trading to assess risks across flat price, cracks, basis, concentration, structure, optionality, and strategy alignment
• Identify and address exceptions to established risk limits and tolerances, coordinating authorization or corrective action as needed. Escalate material risks, breaches, or emerging m