Director, Risk Management

Posting Start Date: 7/28/26

Job Location (Short): Houston, TX, USA, 77024

Director, Risk Management

The Opportunity
• Director, Risk Management at a growth-oriented downstream energy company
• Play a vital role in the company's success by helping to mitigate commodity risks
• Execute commodity hedges on electronic exchanges and with swap counterparties
• Gain unparalleled exposure by working closely with executive leaders on high-impact initiatives
• Reporting to the Vice President, Mid Office, the Director, Risk Management role will be responsible for identifying, quantifying and mitigating Par's commodity-related cash flow exposures.

Key activities include:
• Maintain updated exposure positions and mark-to-market reports for each key risk category and strategy.
• Execute hedges as required and capture hedge transactions on timely basis.
• Serve as the risk liaison to the Commercial team, proactively monitoring exposure changes and providing insights to support informed business decisions.
• Serve as the risk liaison for Treasury team regarding futures margin requirements, swap and option settlements and bank intermediation agreement exposures.
• Lead the development of weekly risk reporting for senior management, communicating key risks, exposures, and mitigation strategies.
• Partner with the Accounting team to review monthly hedging transactions, ensuring accuracy, compliance, and alignment with financial reporting requirements.
• Prepare and deliver quarterly risk management summaries for the Board of Directors Audit Committee, providing executive-level insights into the company's risk profile and mitigation strategies.
• Support the identification and implementation of improvements to Par's commodity risk management processes.
• Provide look-back analyses on the various risk mitigation strategies to ensure hedge effectiveness.
• Analyze historical market data, as needed, to develop hedge recommendations.

Note: This description is intended to give you a general overview of the position. Additional responsibilities and opportunities may be identified based on current business needs.

Qualifications
To meet the basic qualifications for this role, you will have legal authorization to work permanently in the United States for any employer without requiring a visa transfer or visa sponsorship.

Additional qualifications include:
• Bachelor's degree in Finance, Accounting, Economics, Business Administration, Engineering, Mathematics, Statistics, or a related field required; Master's degree preferred
• Minimum 15 years of experience in commodity risk management in an industrial, energy-related, trading or investment banking environment either as a risk manager, front office trader, or originator preferred
• Minimum 5 years of experience executing futures on ICE and CME, and OTC energy swaps and options with investment bank or trading counterparties required
• Minimum 7 years of experience leading, developing, and mentoring high-performing teams in a fast-paced, commercially focused environment required
• Advanced proficiency in Microsoft Excel, including financial modeling, data analysis, and time-series modeling techniques required
• Demonstrated expertise in economic analysis, profit and loss (P&L) management, position management, hedging strategy development, risk optimization, and decision support required
• Experience with commodity trading and risk management (CTRM) or trade capture systems, with the ability to leverage technology to support trading, risk analysis, and reporting preferred

About Us
At Par Pacific, we own and operate market-leading energy and infrastructure businesses in logistically complex markets. We have built a team of downstream industry veterans and subject matter experts to lead our organization with an entrepreneurial spirit and a collaborative, problem solving approach. We bring our diverse strengths and motivation to complex markets where we seek out diamonds in the rough. As a nimble, growing organization, we actively pursue new opportunities with corporate financing know-how, respond to local market demands, and adapt to changing external environments.

More Good Reasons to Work for Par Pacific

Unique Culture and RICH Values
There is nothing ordinary about Par Pacific -- a niche player in the energy space. And there's certainly nothing ordinary about Par Pacific employees. We are driven, hardworking, entrepreneurial-minded professionals who love to win. Our RICH values describe how we approach our work: Respect for Others, Integrity, Collaborative Innovation, and Heart. If that describes you, you'll fit right in.

Location, Location, Location
Because Par Pacific operates in some of the most beautiful places throughout the country, our employees get to make these places their home and enrich their lives. The office where you'll work is in the CityCentre in Houston, Texas, located on the west side of Houston near I-10 and the Sam Houston Tollway. It's a vibrant area of the city with plenty of places for lunch or to wind down after work.

Opportunistic Growth Strategy
At Par Pacific, we look for operations with strong fundamentals and great employees who can move a business forward. Our management team has deep experience in the energy industry, as well as in leading mergers, acquisitions, and integrations of newly acquired companies.

Focused on the Future
We are an energy company that has recognized the imperative and embraced the opportunity to begin the transition from fossil fuels. We are developing products that help reduce greenhouse gas emissions.

Excellent Compensation and Benefits
In addition to a competitive salary, we offer a strong comprehensive benefits package that includes medical, dental and vision insurance, a robust allotment of paid time off, a 401(k) with company match, retirement savings plans, educational reimbursement, and more. Full-time employees (and their families) are offered medical (with prescription coverage), dental, vision, voluntary critical illness, accident, life/AD&D insurance, Flexible Spending Account and Employee Assistance Program. Employees can purchase company stock at discounted prices through the Employee Stock Purchase Program.

Our Headquarters
Par Pacific Holdings, Inc., based in Houston, Texas, owns, manages and maintains interests in energy and infrastructure businesses. We are a growing energy company focused on renewable and conventional fuels in the Western United States. Par Pacific also owns 46% of Laramie Energy, LLC, a natural gas production company with operations and assets concentrated in Western Colorado. Our common stock is publicly traded on the NYSE under the trading symbol "PARR".

Our Refineries and Logistics Operations
We own and operate refineries in Hawaii, Montana, Washington, and Wyoming, with total operating throughput capacity of over 219 Mbpd. Par Pacific owns and operates one of the largest energy networks in Hawaii with 94,000 bpd of operating refining capacity, a logistics system supplying the major islands of the state and 90 retail locations. In the Pacific Northwest and the Rockies, Par Pacific owns and operates 125,000 bpd of combined refining capacity and related multimodal logistics systems.

Our Retail Operations
We own and operate over 90 retail locations in Hawaii under the Hele and 76 brands and over 30 retail locations in Washington and Idaho under the nomnom brand.

Par Pacific Is an Equal Opportunity Employer
Par Pacific prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, genetic information or any other status protected by applicable law.

Note: Par Pacific will not accept calls or unsolicited resumes from third-party recruiters. All candidates are required to apply through this web posting.

Par Pacific

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