Senior Director Risk Management
6 days ago
Fort Worth
Job Description JOB SUMMARY The Senior Director Risk will establish and lead BKV’s comprehensive risk management framework, ensuring alignment with business objectives and regulatory expectations. Reporting to the Chief Financial Officer, this leader will oversee a small, high-performing team and collaborate across Finance, Operations, Legal, and Strategy. In the first 12–18 months, success will be measured by the design and implementation of an integrated enterprise risk program, including risk identification, prioritization, and mitigation strategies. This role will also provide critical insights to the executive team and board, enabling proactive decision-making in a dynamic energy landscape. The ideal candidate is a strategic thinker and pragmatic problem-solver who thrives in a dynamic, growth-oriented environment. They balance rigor with agility, fostering trust across the organization by listening, engaging, and communicating with clarity. RESPONSIBILITIES Enterprise Risk Framework Development • Develop and execute a comprehensive enterprise risk management framework that strengthens resilience and supports growth, • Establish counterparty credit risk appetite and tolerance levels across all business units, • Design and implement risk assessment methodologies including Value at Risk (VaR), Mark to Market (MtM), and stress testing scenarios, • Provide strategic insights to senior leadership and the board, highlighting key risks and recommended mitigation strategies, • Present comprehensive risk management deliverables to executive management, the Risk Committee, and Audit Committee of the Board of Directors, • Act as a trusted advisor to the CFO and executive team on capital allocation, investment decisions, and corporate strategy from a risk-return perspective, • Partner cross-functionally with Finance, Operations, Legal, and Strategy to embed risk awareness into decision-making and day-to-day processes, • Provide analytical support to oil, natural gas, and NGL sales and marketing teams by assessing credit and market risks, • Collaborate with procurement, marketing, and maritime teams on counterparty risk assessments, • Evaluate and monitor financial, operational, and strategic risks, ensuring mitigation plans are in place and effective, • Manage commodity price risk hedging programs and derivative positions, • Oversee credit risk management including counterparty assessments, contract negotiations, and collateral management, • Administer trade finance processes and treasury functions related to trading operations, • Manage supply chain portfolio risks using financial and market-based metrics including probability of default analysis, • Lead and mentor a risk management team, fostering a culture of accountability, collaboration, and continuous improvement, • Direct global risk professionals responsible for identifying and mitigating third-party risks, • Supervise middle office operations including trade capture, reporting, and position analysis, • Oversee implementation of ETRM (Energy Trading & Risk Management) systems and databases, • Lead implementation of collateral management platforms and credit facilities with financial institutions, • Maintain adherence to Cash Flow and Fair Value Hedge Accounting guidelines Industry & Technical Expertise • Extensive experience in energy sector risk management including oil, natural gas, NGL, and LNG markets, • Deep knowledge of OTC derivatives, margining, and credit agreement negotiations, • Proven expertise in commodity trading, risk management and natural gas marketing, • Proven success in designing and leading enterprise risk management programs, • Track record of leveraging data analytics in risk decision-making, • Advanced leadership and management skills include achieving results through influence, guiding performance and development, and fostering a motivating and inclusive workplace, • Demonstrated success managing global teams of 25+ risk professionals, • Experience of serving on corporate boards and presenting to board-level committees., • Advanced proficiency in stress testing, scenario analysis, and valuation methods, • Experience with portfolio management and quantitative/qualitative risk assessments, • Advanced proficiency in Microsoft Office and job-related applications, • Expert interpersonal, collaboration and communication skills, • Proven ability to support business development and maintain extensive industry connections, • Advanced attention to detail, organization and prioritization, • Expert cognitive, decision-making and problem-solving skills Required Education • Bachelor’s degree required in Finance, Accounting, Economics, Business Administration, Risk Management, or a related field, • MBA or Masters in Finance preferred, • Professional certifications such as CFA, FRM, CPA, or CIA are considered valuable, • 12+ years of experience in energy sector risk management, with demonstrated progression from analyst to senior leadership roles, • At least 5 years in a senior leadership capacity managing risk teams and programs, • Proven track record in credit risk, market risk, operational risk, and compliance risk management, • Experience with capital markets transactions and risk management within the energy or natural gas industry, • This position is in Denver, CO at BKV Headquarters. Remote work in Houston or Dallas-Fort Worth will be considered for strong candidates., • Travel up to 20% may be required $146,000 to $270,000 BKV Corporation is a dynamic values‐driven company with expertise in upstream and midstream unconventional oil and gas investments, and production. We believe our focus on visionary strategy, efficient execution and high-performing teams are key to creating long-term sustainable value and growth. BKV Corporation is an equal opportunity employer. We value diversity and base all employment decisions on qualifications, merit and business need.