Country United States / US
City HOUSTON
AreaTexas
Workplace location HOUSTON-LOUISIANA STREET(USA)
Employer company ATLANTIC TRADING AND MARKETING INC.
Domain Finance
Type of contract Regular position
Experience Minimum 6 years
Context & EnvironmentThe Company is responsible for the Group's gas, power, LNG, dry bulk, and LPG trading and marketing activities across North America. Operating in a fast-paced and dynamic environment, the business manages time-sensitive and mission-critical activities that require real-time analysis, rapid decision-making, and effective communication.
Key business challenges and market dynamics include:
- Volatile and highly regulated U.S. energy markets, requiring sophisticated technical expertise and swift decision-making to manage time-critical trading activities and significant risk-reward exposures.
- Intense competitive pressures driven by evolving market conditions and the entry of new participants, creating ongoing challenges in capturing growth opportunities and expanding market share.
- A highly skilled and mobile workforce, requiring continuous efforts to attract, develop, and retain top talent in a competitive labor market.
ActivitiesThe Manager, Middle Office Risk & Controls leads a team of 3-5 Middle Office Analysts responsible for independent position, profit and loss (P&L), risk reporting, and control functions supporting TGPNA's Natural Gas, LNG, Power, and related commodity trading activities. The role serves as a critical partner to Front Office leadership by providing risk oversight, analytics, valuation, controls, and commercial insights that support informed decision-making while ensuring compliance with internal policies and regulatory requirements.
The position oversees risk control activities across:
- North American natural gas physical and financial trading, marketing, transportation, and storage.
- LNG marketing, trading, storage, transportation, and liquefaction capacity management.
- Sales and marketing of petcoke, sulfur, and other dry bulk commodities produced by affiliates and third parties.
- Related commercial agreements, including sales and purchase agreements, transportation contracts, and storage arrangements.
Key Responsibilities:Leadership & Team Management- Lead, coach, develop, and manage a team of Middle Office Risk Control Analysts, fostering a high-performance culture focused on accuracy, accountability, and continuous improvement.
- Manage departmental resources, workload prioritization, performance management, and employee development.
- Conduct performance evaluations, establish development plans, and support career progression of team members.
Risk Management & Commercial Support- Partner closely with Front Office personnel to evaluate the risk impact of trading and commercial transactions, supporting business growth through effective risk analysis and oversight.
- Develop and maintain a deep understanding of commodity market structures, trading strategies, valuation methodologies, and risk exposures across Gas, LNG, Power, and Dry Bulk trading activities.
- Lead independent risk assessments and provide actionable insights to support commercial decision-making.
- Assess and report key risk metrics, including Value-at-Risk (VaR), Maximum Loss, stress testing, exposure analysis, and other relevant measures.
Position, P&L, and Risk Reporting- Ensure all trading activities are accurately captured, modeled, valued, and reported within risk management systems.
- Oversee the preparation and review of daily position, P&L, and risk reports for management and business stakeholders.
- Ensure the completeness, accuracy, and timeliness of internal and regulatory reporting requirements.
- Present trading results, exposures, and emerging risks to senior management and key stakeholders.
Governance, Controls & Compliance- Monitor compliance with trading authorities, risk limits, and internal control requirements.
- Investigate and escalate breaches, control exceptions, and non-standard transaction requests as appropriate.
- Develop, implement, and enhance Middle Office policies, procedures, controls, and governance frameworks to support business growth and changing market conditions.
- Ensure compliance with applicable regulatory requirements, company policies, and established risk management standards.
- Oversee identification, reporting, and remediation of operational risk incidents, near misses, and control gaps.
New Products & Market Expansion- Evaluate transactions involving new commodities, delivery locations, trading strategies, or risk management structures.
- Participate in new product approval processes, assessing liquidity, valuation methodologies, operational readiness, and ongoing monitoring capabilities.
- Provide risk guidance for new business initiatives, market opportunities, and commercial structures.
Cross-Functional Collaboration- Collaborate with Operational Compliance, Operational Risk, Back Office, Finance, Credit, Legal, Internal Controls, and Trading Systems teams to ensure consistent risk governance and operational excellence.
- Support enhancements to trading, risk management, and reporting systems to meet evolving business requirements.
- Serve as the primary point of contact for trading-related risk inquiries and complex transaction modeling.
- Coordinate with global Middle Office teams in Geneva and Singapore to promote consistency across risk management processes, controls, and reporting standards.
Systems & Process Improvement- Lead initiatives to optimize Middle Office processes, controls, reporting capabilities, and operational efficiency.
- Manage system upgrades, integrations, maintenance projects, and risk management technology enhancements.
- Support cybersecurity and data protection efforts related to trading and risk management platforms.
- Drive continuous improvement initiatives to strengthen controls, eliminate identified risks, and improve reporting quality.
Accountabilities- Ensure accurate and independent position, P&L, valuation, and risk reporting for all TGPNA Gas & LNG trading activities.
- Maintain robust risk controls and governance processes that evolve with business growth and market complexity.
- Provide transparent reporting of risk exposures, control issues, and operational concerns to senior management.
- Support strategic and commercial decision-making through effective risk analysis and communication.
- Foster strong working relationships across Front Office, support functions, and global Middle Office teams.
- Ensure full compliance with the Company's Code of Conduct, Business Integrity standards, and applicable regulatory requirements.
Candidate Profile- Bachelor's degree in Accounting, Finance, Mathematics, Economics, or a related business discipline required.
- Master's degree and/or relevant professional certification preferred.
- Strong understanding of the energy industry, commodity trading, macroeconomic principles, risk management, and modern financial concepts.
- 5 to 7 years of experience within a commodity trading organization, preferably in a mid-office or risk management function; prior supervisory or team leadership experience preferred.
- Demonstrated experience with North American Natural Gas and LNG markets, including knowledge of natural gas transportation and storage, physical and financial trading, and dry commodity markets.
- Strong analytical, quantitative, and technical problem-solving skills, with the ability to interpret complex market and trading data.
- Excellent interpersonal, verbal, written, and presentation communication skills, with the ability to effectively engage stakeholders across all levels of the organization.
- Proven ability to thrive in a fast-paced, high-pressure trading environment while managing multiple priorities and meeting critical deadlines.
Additional Information 
