Dir., Risk Management

About the role

The Director, Risk Management at a growth-oriented downstream energy company plays a vital role in the company’s success by helping to mitigate commodity risks. This role will be responsible for identifying, quantifying and mitigating Par’s commodity-related cash flow exposures.

Key activities include maintaining updated exposure positions and mark-to-market reports, executing hedges, serving as the risk liaison to the Commercial and Treasury teams, leading the development of weekly risk reporting, and partnering with the Accounting team to review monthly hedging transactions.

Responsibilities

• Maintain updated exposure positions and mark-to-market reports for each key risk category and strategy.
• Execute hedges as required and capture hedge transactions on a timely basis.
• Serve as the risk liaison to the Commercial team, proactively monitoring exposure changes and providing insights to support informed business decisions.
• Serve as the risk liaison for Treasury team regarding futures margin requirements, swap and option settlements and bank intermediation agreement exposures.
• Lead the development of weekly risk reporting for senior management, communicating key risks, exposures, and mitigation strategies.
• Partner with the Accounting team to review monthly hedging transactions, ensuring accuracy, compliance, and alignment with financial reporting requirements.
• Prepare and deliver quarterly risk management summaries for the Board of Directors Audit Committee, providing executive-level insights into the company's risk profile and mitigation strategies.
• Support the identification and implementation of improvements to Par’s commodity risk management processes.
• Provide look-back analyses on the various risk mitigation strategies to ensure hedge effectiveness.
• Analyze historical market data, as needed, to develop hedge recommendations.

Qualifications

To meet the basic qualifications for this role, you will have legal authorization to work permanently in the United States for any employer without requiring a visa transfer or visa sponsorship.

• Bachelor’s degree in Finance, Accounting, Economics, Business Administration, Engineering, Mathematics, Statistics, or a related field required; Master's degree preferred.
• Minimum 15 years of experience in commodity risk management in an industrial, energy-related, trading or investment banking environment either as a risk manager, front office trader, or originator preferred.
• Minimum 5 years of experience executing futures on ICE and CME, and OTC energy swaps and options with investment bank or trading counterparties required.
• Minimum 7 years of experience leading, developing, and mentoring high-performing teams in a fast-paced, commercially focused environment required.
• Advanced proficiency in Microsoft Excel, including financial modeling, data analysis, and time-series modeling techniques required.
• Demonstrated expertise in economic analysis, profit and loss (P&L) management, position management, hedging strategy development, risk optimization, and decision support required.
• Experience with commodity trading and risk management (CTRM) or trade capture systems, with the ability to leverage technology to support trading, risk analysis, and reporting preferred.

About Us

At Par Pacific, we own and operate market-leading energy and infrastructure businesses in logistically complex markets. We have built a team of downstream industry veterans and subject matter experts to lead our organization with an entrepreneurial spirit and a collaborative, problem solving approach.

Benefits

In addition to a competitive salary, we offer a strong comprehensive benefits package that includes medical, dental and vision insurance, a robust allotment of paid time off, a 401(k) with company match, retirement savings plans, educational reimbursement, and more.

• Medical, dental, and vision insurance.
• Paid time off.
• 401(k) with company match.
• Retirement savings plans.
• Employee Stock Purchase Program.