Risk Analyst
Location: Houston, Texas.
Department: Risk Management – Middle Office.
Position Type: Full Time.
About CFE International
CFE International is a Houston-based affiliate of Comisión Federal de Electricidad (CFE), Mexico’s state-owned electric utility. We are responsible for supplying natural gas to support power generation in Mexico and for marketing natural gas within the United States. As a dynamic and mission-driven company, we are committed to strengthening Mexico’s energy security through the reliable and strategic supply of natural gas. Our operations play a vital role in ensuring the continuous generation of electricity for millions of Mexican homes and businesses.
Position Summary
We are seeking a Risk Analyst – Middle Office to uphold and enhance our risk-management framework for natural-gas marketing and trading. Reporting to the Middle-Office Risk team, you’ll perform daily market-risk reporting, model development, limit monitoring, and audit support—partnering with Trading, Commercial, Legal, Compliance, and Finance to drive a robust, risk-aware culture at CFE International.
Key Responsibilities
- Daily Risk Reporting & Metrics: Compute and report daily Value-at-Risk (VaR), P&L attribution, exposure metrics, and stress-test results for natural-gas positions. Provide weekly commentary on portfolio utilization, market events, and liquidity dynamics.
- Price Verification & Valuations: Perform independent price checks and validate mark-to-market valuations contracts and physical nominations.
- Model Development & Validation: Develop, maintain, and back-test quantitative risk models and methodologies for physical and financial natural-gas portfolios.
- Limit & Collateral Monitoring: Monitor counterparty exposures against internal limits; support margin and collateral calls to ensure compliance with agreements.
- Identify drivers of P&L changes, and support performance-analysis back-tests
- Process Automation & Tools: Enhance risk-reporting workflows through Excel modeling, VBA, SQL queries, and ETRM systems.
- Cross-Functional Collaboration: Partner with Trading to understand deal structures and optionality; work with Scheduling on transportation impacts; liaise with Compliance and Legal on policy updates.
- Audit & Governance Support: Prepare materials for internal and external audits, track remediation actions, and contribute to risk-policy and limit-framework enhancements.
Qualifications
Education
- Bachelor’s degree in Finance, Economics, Engineering, or related field.
Experience
- 2+ years in market- or credit-risk analysis, middle-office operations, or equivalent—preferably within energy or commodity trading.
Skills & Knowledge
- Advanced Excel (VBA), SQL, and familiarity with Python or R for data analysis.
- Detail-oriented, analytical mindset with the ability to explain complex risk concepts simply.
- Collaborative, service-oriented approach and ability to manage competing deadlines.
Preferred Qualifications
- Hands-on experience with daily risk reporting, VaR, stress testing, and P&L attribution.
- Experience with ETRM/risk platforms (e.g., Openlink, RightAngle, Kiodex).
- Strong command of natural-gas contract mechanics and pricing conventions.
- The five universal cultural qualities valued by CFE International:
- Strong bilingual communication (English & Spanish).
- Discretion in handling sensitive information.
- Adaptability and comfort with ambiguity.
- Ability to multitask and stay organized under pressure.
- Friendly, service-oriented demeanor.
Benefits Overview
At CFE International, we offer a well-rounded benefits package designed to support your health, financial security, and professional growth. Our benefits include annual and performance‑based bonuses, comprehensive medical, dental, vision insurance, employer‑paid life insurance, and a 401(k)‑retirement plan with company match. We provide reasonable paid time off, professional development opportunities, and resources for continuous learning.
Diversity & Inclusion
CFE International is an equal opportunity employer, committed to a diverse and inclusive workplace. All qualified applicants will be considered for employment without regard to race, color, religion, national origin, age, sex, gender identity or expression, marital status, sexual orientation, disability, pregnancy, military/veteran status, or any other basis, which now or in the future may be specified by law.
How to Apply
If this role sounds like a great fit, you meet the qualifications, and you can see yourself growing with us at CFE International, we encourage you to apply online by completing the following fields and submitting your application using the button below:
