Director, Quantitative Risk at Venture Global LNG

Houston, Texas, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Energy, LNG, Natural GasIndustries

Requirements

Bachelor degree or higher in finance, marketing, economics, engineering, mathematics, computer science or related field
10+ years experience in a natural gas or energy company, preferably in a Middle Office or Risk role
Proficient with ETRM systems with a strong understanding of deal capture, mark-to-market valuation, and risk configuration and reporting functions
Strong understanding of Natural Gas transaction flow and transportation costs. Knowledge of risks associated with LNG transactions, vessel transport and foreign exchange markets is a plus
Self-starter with ability to track tasks and follow up with team on status and roadblocks
Excellent written and verbal communication skills
Advanced excel knowledge and data analysis skills. Tableau/Power BI knowledge is required. Knowledge of SQL and/or Python a plus
Strong quantitative and analytical skills
Experience with BI reporting
Ability to take on new projects in our commodity business and work cross functionally to build out the process and system requirements
Ability to gather and organize data from systems and create custom structured reports in excel as needed for business requirements

Responsibilities

Develop and implement quantitative risk models and metrics for trading operations, including but not limited to Value at Risk (VAR), stress testing, Potential Future Exposure (PFE), and Potential Margin Exposure (PMR)
Take ownership of risk models, in the ETRM, or other approved tools, including accurate position assessment, data quality checks, and back testing analysis
Assess high risk concentration, transactions and monitor limit breaches for reporting to upper management and the Risk Committee
Develop and maintain an active and relevant Risk Policy for the Natural Gas, LNG and related commodity activities for the Company
Monitor financial hedges and risk exposure relative to physical to ensure hedges are for mitigation of price risk
Monitor foreign exchange risk and any related hedges
Coordinate with Front Office, Middle Office, Credit and Accounting to ensure locations are properly mapped to the appropriate market valuation. Perform back testing for those locations that are less liquid and mapped to a trader derived or alternative curve to ensure reasonableness
Develop and maintain Risk Committee reports and periodic Management reports on risk exposure
Coordinate and communicate with Internal and External Auditors as needed and maintain proper documentation for SOX controls
Provide feedback on ETRM system enhancements to provide efficiencies in daily tasks and ensure quality of data

Skills

Key technologies and capabilities for this role

VaRStress TestingPFEPMRETRMBacktestingQuantitative Risk ModelingCommodity RiskHedgingFX RiskNatural GasLNG

Questions & Answers

Common questions about this position

What is the salary for the Director, Quantitative Risk position?

This information is not specified in the job description.

Is this role remote or does it require working in an office?

The position will be located in Houston, TX.

What qualifications and skills are required for this role?

Candidates need a Bachelor’s degree or higher in finance, economics, engineering, mathematics, computer science or related field, 10+ years experience in a natural gas or energy company preferably in Middle Office or Risk, and proficiency with ETRM systems including deal capture, mark-to-market valuation, and risk functions.

What does the team structure look like for this position?

This role joins the Middle Office team and reports to the VP, Middle Office, while interacting with executive leaders including the CEO, CFO, and CCO.

What makes a strong candidate for the Director, Quantitative Risk role?

A strong candidate has 10+ years in natural gas or energy trading risk, proficiency in ETRM systems, and experience developing quantitative risk models like VaR and stress testing.

Venture Global LNG

Produces and exports liquefied natural gas

About Venture Global LNG

Venture Global LNG produces and exports liquefied natural gas (LNG) from North America to international markets. The process involves cooling natural gas to a liquid state, making it easier to store and transport. The company operates large-scale LNG export facilities, currently developing three major sites in Louisiana. These facilities are designed to optimize logistics and reduce costs, allowing Venture Global LNG to offer low prices to a diverse range of clients, including energy companies and utilities. Unlike many competitors, Venture Global LNG focuses on efficiency and long-term contracts, which provide stable revenue and help manage market risks. The company's goal is to meet the increasing global demand for cleaner energy while maintaining a competitive edge in the LNG market.

Arlington, VirginiaHeadquarters

2013Year Founded

$10,100MTotal Funding

DEBTCompany Stage

Industrial & Manufacturing, EnergyIndustries

501-1,000Employees

Benefits

Health Insurance

Paid Vacation

Flexible Work Hours

Risks

Increased competition from Qatar and Australia may impact market share.

Stricter EU environmental regulations could affect North American LNG demand.

Rising raw material costs may lead to budget overruns in ongoing projects.

Differentiation

Venture Global LNG focuses on low-cost, clean, and reliable LNG production.

The company leverages innovative production methods to maintain a competitive edge.

Strategically located facilities optimize logistics and reduce costs for global clients.

Upsides

Global LNG demand is expected to grow by 3.4% annually through 2030.

U.S. policy changes expedite LNG export approvals, benefiting existing infrastructure.

Technological advancements reduce costs and improve efficiency in LNG production.

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