Manager, Risk Management

At Motiva, our employees’ energy, passion, and dedication to excellence are what make us who we are and what allows us to generate energy that makes a house a home, gets us from point A to point B, and enables our health and wellbeing. We invest in every aspect of our employees’ lives because, at Motiva, our people matter.

Headquartered in Houston, Texas, Motiva refines, distributes and markets petroleum products throughout the Americas. The company’s Port Arthur Manufacturing Complex in Port Arthur, TX, is comprised of North America’s largest refinery with a total throughput of 720,000 barrels per day, the largest base oil plant in the western hemisphere, and an integrated chemical plant. Under exclusive long-term brand licenses with Shell and Phillips 66 (for the 76 brand), Motiva’s commercial operations supply more than 12 billion gallons of fuel to customers annually.

Motiva is wholly owned by Aramco, one of the world’s largest integrated energy and chemicals companies.
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* Position Overview:

** Motiva is seeking an experienced and principled
** Manager, Risk Management
** to lead the independent risk control function within the Middle Office. This role ensures the integrity of Motiva’s commercial supply portfolios through strong governance, robust exposure analytics, and proactive partnership with commercial stakeholders.

The Manager provides decision‑ready transparency on inventory and market price exposures—including flat‑price risk and calendar/product spreads—while ensuring compliance with risk limits, policies, and standards. The role also supports corporate hedging programs designed to optimize crack‑margin performance and contributes to governance activities for the Motiva Risk Committee and the Audit & Risk Committee.

This position reports to the Director, Risk Management, Compliance & Hedging and leads a team of 3–4 commodity and market risk professionals across four core pillars:
* Supply & Trading Controls
* Market Risk Analysis
* Management Reporting
* Strategic Business Partnership This is an on‑site position with hybrid flexibility, located at Motiva’s downtown Houston corporate headquarters. and operates on a 9/80 work schedule, providing alternating Fridays off to support work–life balance.
** Responsibilities:
*** Lead the independent second‑line risk control function for all Motiva supply portfolios.
* Own, maintain, and continuously improve risk policies, standards, controls, and supporting documentation.
* Enforce risk limits, segregation‑of‑duties requirements, and control standards aligned with Motiva governance expectations.
* Prepare materials and analytical insights for the Motiva Risk Committee; support ad‑hoc requests from the Audit & Risk Committee.
* Ensure compliance with internal/external audits; maintain complete, traceable, audit‑ready documentation.
* Oversee daily monitoring of inventory and market price risk exposures, including flat‑price and calendar/product spreads.
* Validate P&L, exposure drivers, and reconciliations; ensure timely issue resolution.
* Develop, refine, and standardize methodologies such as mark‑to‑market, VaR/@Risk metrics, stress testing, and scenario analysis.
* Review daily/weekly/monthly exposure and risk reports with clear commentary for senior leadership.
* Support the design, oversight, execution, and performance evaluation of crack‑margin and flat‑price hedging programs.
* Partner closely with Supply Optimization on refinery diet, scheduling, inventory positioning, and offtake decisions to ensure accurate exposure measurement.
* Provide risk‑based insights on term structures, contract structures, logistics strategy, and product flows.
* Represent Middle Office risk in ETRM system enhancements, integrations, and implementations—including requirements, UAT, and reporting design.
* Troubleshoot daily system processing issues and drive sustainable automation and process improvements.
* Lead, mentor, and develop a team of 3–4 commodity and market risk professionals; foster analytical rigor, accountability, and continuous improvement.
* Champion documentation quality, governance discipline, and audit readiness.
* Navigate competing stakeholder needs and…