Director-Credit Risk Management in Houston, TX

Job title: Director-Credit Risk Management in Houston, TX at Energy Transfer
Company: Energy Transfer
Job description: Are you interested in joining our team? Chat with our digital assistant to learn more about our company and apply right from your mobile device!Text ETP to 25000 to get started or apply through this web posting if you prefer., recognized by Forbes as one of America's , is dedicated to responsibly and . We are driven to inspire our employees to create superior value for our customers, our investors, a and to the community where we have long-standing commitments to causes including MD Anderson Children’s Cancer Hospital, The Salvation Army, The American Red Cross, Ronald McDonald House and many more.We value all of our employees who make our growth and success possible. We are proud to offer industry leading compensation, comprehensive benefits, 401(k) match with additional profit sharing, PTO and abundant career opportunities.Come join our award winning over 12,000 strong organization as we fuel the world and each other!Position Summary:This position is responsible for overseeing the management and reporting of the Partnership’s credit and counterparty risk. The department holds a pivotal position within the organization, as it assumes responsibility for devising and implementing comprehensive credit risk management solutions, while also overseeing collateral management processes. These efforts are integral to supporting the Partnership's strategic risk mitigation objectives. The successful candidate will collaborate closely with commercial teams and senior leadership to assess credit risk in both new and existing transactions. The thorough analysis and independent judgment will serve as a critical resource for the Partnership in providing final approval for transactions. This role reports directly to the SVP, Finance and Treasurer.Essential Duties and Responsibilities:

• Manage the company's counterparty relationships, including determining lines of credit extended to counterparties, performing credit reviews, determining the amount of collateral needed to reduce credit risk, and requesting letters of credit from counterparties.
• Interpret and analyze counterparty financial statements and other public information to develop detailed written credit assessments justifying a recommended credit limit and tenor for senior management approval.
• Interact regularly with the commodity marketing and trading groups to provide efficient and timely credit information and decision-making.
• Conduct comprehensive evaluations of financial analyses, including due diligence, projection modeling, stress testing, risk assessments, and other advanced analytical work conducted by junior team members.
• Review capital investment/project proposals from a credit perspective to ensure that appropriate risks are captured and analyzed, which may entail drafting and/or reviewing the credit risk section of proposals.
• Review and negotiate agreements that deviate from standard industry practice, including confidentiality agreements, guaranty agreements, and NAESB and ISDA agreements as needed.
• Perform comprehensive reviews of legal agreements, including but not limited to ISDA Master Agreements (with Schedules and Credit Support Annexes), NAESBs, custom physical commodities agreements, Account Control Agreements, Credit Agreements, Security Agreements (including guarantees, letters of credit, and surety bonds), Intercreditor Agreements, and related documentation.
• Collaborate with commercial teams to develop and structure term sheets for new transactions.
• Develop and implement credit risk mitigation strategies and policies.
• Provide subject matter expertise regarding identifying, assessing, prioritizing, and managing counterparty risk.
• Prepare summary reports for the Partnership’s Audit Committee on a quarterly basis.
• Oversee the continuous monitoring of credit risk metrics, market developments, and counterparties’ financial health, providing timely escalation updates as appropriate.
• Oversee the training and development of junior staff, guiding their daily activities to ensure timely execution of processes and delivery of work products, and establishing and documenting robust procedures for the group's operations.

Requirements:

• Undergraduate degree with a strong record of academic achievement, preferably with a finance and/or accounting focus.
• Extensive experience underwriting risk from a fundamental credit perspective.
• 12+ years of relevant experience with a bachelor’s degree; master’s degree preferred.
• Energy industry experience required, midstream preferred.
• Robust expertise in risk management, complemented by a highly solution-oriented approach.
• Demonstrate a comprehensive understanding of the commercial imperatives of a rapidly expanding business while consistently upholding rigorous risk discipline.
• Demonstrated analytical, organizational, and problem-solving skills.
• Exhibit strong interpersonal skills, facilitating effective communication with external counterparties and adept management of internal stakeholders.
• Experience with financial and physical commodities.
• Leadership experience with a history of mentoring and influencing individuals and teams.
• Strong understanding of the key aspects of a sound credit approval process.

Expected salary:
Location: Houston, TX
Job date: Fri, 04 Apr 2025 06:33:34 GMT
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