Manager, Commercial Risk

Job Description

Texon is a leader in butane blending and energy marketing. Since 1989, we’ve pioneered blending innovations and hold patent rights worldwide. As a Savage company, we’re proud to be recognized as a Military Friendly Employer, and we welcome Military Veterans and Reservists to apply.

Military Veterans and National Guard Reservists are encouraged to apply!

Location:

Houston, TX

Days/

Hours:

8 hours M-F

• Excellent benefits including medical, dental, vision, PTO, Holidays, Profit Sharing, and 401(k) with match.
• Uniform Services Time Off (USTO)
• Uniform Services Differential Pay
• A culture that appreciates Team Members

• Lead commercial risk oversight with strong independent judgment and decision-making
• Conduct credit risk assessments, counter party analysis, and manage credit exposure (including PFE and concentration risk)
• Oversee trade lifecycle governance, ensuring compliance, accurate trade capture, confirmations, and contract integrity
• Partner with trading and commercial teams to balance risk and return through scenario analysis, stress testing, and sensitivity modeling
• Evaluate and monitor market risk, including NOP, MtM, hedge ratios, basis exposure, and hedging effectiveness
• Implement and assess risk mitigation strategies (collateral, guarantees, letters of credit) and their economic impact
• Ensure pricing and commercial decisions reflect risk-adjusted returns, including credit, hedging, and capital costs
• Administer and enhance Credit Policy, including credit reviews, limit setting, and counter party evaluation processes
• Ensure adherence to trading limits, approvals, and delegation of authority; coordinate issue resolution across key stakeholders (Commercial, Operations, Accounting, Treasury)
• Support financial modeling and valuation for acquisitions and commercial investments, incorporating downside scenarios and risk factors
• Identify execution, integration, and control risks across systems, processes, and counter parties
• Provide independent challenge to investment assumptions and commercial decisions
• Maintain and enhance risk, hedging, credit, and compliance frameworks and policies
• Support executive risk governance, escalation forums, and investment reviews
• Serve as a key resource during business continuity events, preserving and transferring institutional knowledge

• Bachelor’s degree in Finance, Accounting, Economics, or related field
• 5+ years of experience in commercial, market, or credit risk (commodity trading or asset-based environments preferred)
• Strong understanding of physical/financial commodity markets and commercial economics
• Proven ability to analyze and communicate risk exposure, hedge performance, and credit risk
• Experience supporting the full trade lifecycle from execution through settlement
• Ability to operate independently within a front-office commercial environment
• Strong judgment and confidence to provide independent risk challenge
• Excellent analytical, communication, and stakeholder management skills

• A complete job description is available upon request
• Savage is an Equal Opportunity Employer and maintains a drug-free workplace
• You may view available jobs at  and apply using the online job posting.
• Eligible full-time team members may participate in the company benefit package, which currently includes medical, dental, and vision plans; company‑paid life, AD&D and disability insurance; supplemental life and disability options; health savings and flex spending accounts; profit sharing; PTO, and a 401(k) plan with match.
• Part‑time team members are eligible to participate in the 401(k) plan with match, profit sharing, PTO, and may be eligible to participate in the medical plan depending on hours worked.
• Our benefit packages may change from time to time.