Director - Financial Trading

Job Summary

The Director of Financial Trading will build and lead a team of financial traders, execute financial contracts for natural gas, natural gas liquids, crude oil, and power, and maximize value from such transactions while minimizing risk, utilizing analytical and financial skills along with a comprehensive knowledge of gas commodity markets and physical operations. Additionally, they will utilize market knowledge to help develop and present market fundamentals research to various stakeholders and utilize analytical skills to assist in modelling, valuing, and managing more complex structured products and/or physical assets. 

Job Duties & Responsibilities

• Buy and sell, as required, financial contracts via exchange (ICE & CME) and Over the Counter ("OTC") counterparties to manage the company’s price exposure, primarily from equity production volumes and third-party transactions
• Provide forward price curves for natural gas, both Henry Hub futures and locational basis futures, natural gas liquids, LNG, crude oil, and power
• Route external execution to exchange or OTC based on costs, liquidity, and credit
• Develop and maintain relationships with exchange brokers and OTC trading counterparties
• Understand and validate positions from internal deal capture process by working with Marketing, Supply Chain, Treasury, IT, and Risk
• Adhere to Value-at-Risk (VaR), Cash-Flow-at-Risk (CFAR), and/or other imposed limits and corporate Risk Policy and Procedures
• Set proper liquidity and risk premiums to support pricing
• Work with physical traders to understand the influence of existing assets and physical supply on term price risk and position management
• Support valuation of natural gas storage and transportation opportunities and implement appropriate risk management strategies
• Build team of financial traders to manage company exposures, including natural gas basis and storage and LNG
• Work closely with Fundamental and Quantitative Analysis group to enhance decision-making and optimization
• Research and present market commentary to internal and external customers, in both written and presentation formats
• Provide reports to help develop a point of view on price and basis movement
• Track current market value of options, including implied volatility
• Work together with the Risk and Quantitative Analysis groups to properly model and forecast forward value and exposure
• As required, provide input into unique deal structures
• Develop and maintain internal models and tools for pricing, trading, and analysis

Job Specific Skills

• Knowledge of financial products including natural gas basis and outright NYMEX futures & transacting through both an exchange and over the counter
• Able to demonstrate in-depth knowledge of risk management tools, demonstrated analytical and financial skills, and able to develop and tactically execute business strategies
• Experience working with large amounts of data and able to use software tools (e.g. Tableau, Power BI, Python) to help analyze data
• Understanding of the energy industry and drivers of commodity prices
• Understanding of commodity option price models (e.g. Black-Scholes), quantitative risk metrics (e.g. Value-at-Risk, Cash-Flow-at-Risk, volatility, correlation), and general finance concepts (e.g. time value of money, interest rates, derivatives)

Education

Minimum: Bachelor’s degree in Business, Finance, Economics, or Engineering and at least 10 years of experience in gas trading or analysis activities

Preferred: Master’s degree in Finance field

Experience

Minimum: 12 years related work experience

Additional Qualifications