Head Of Risk Transformation

Chevron is accepting online applications for the position Head of Risk Transformation through October 20, 2026 at 11:59 p.m. (CT).
Chevron Corporation Overview Chevron is one of the world’s leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way – by operating responsibly, executing with excellence, applying innovative technologies, and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market, and distribute transportation fuels and lubricants; manufacture and sell petrochemical products and generate power. Chevron is headquartered in Houston, Texas. More information about Chevron is available at www.chevron.com.
Position Summary Overview:
Chevron’s Supply & Trading (S&T) business buys, sells and supplies crude oil, refined products, natural gas and gas liquids to support Chevron’s crude and gas production operations and its global refining and marketing network.
The Head of Risk Transformation is responsible for building a modern, commercially relevant and independent Risk Management capability for S&T, while leading the risk systems, data and analytics that underpin it. This position is part of the Credit & Risk Control (C&RC) organization, reports to the Risk Control Officer under Treasury, and is co-located with Supply & Trading in Houston. C&RC partners closely with S&T across its major trading hubs in Houston, Singapore and London.
This role will help shape the long-term risk strategy for a growing and increasingly complex global trading business, strengthening risk oversight, analytics and reporting capabilities in support of Chevron’s commercial objectives.
Key Considerations:
Position is located in Houston, Texas.
Work schedule: full-time with alternative work schedules (e.g. 9/80 compressed workweek with alternate Mondays or Fridays off). Hybrid work schedule is available with 4 days in office (Mo-Th), 1 day remote (Fr).
Interest in owning and delivering a large-scale risk transformation, with real accountability for outcomes, while preserving the independence of the Risk function Interest in acting as a leader in developing and coaching a high-performing risk analytics, systems and market risk team, and in strengthening the next generation of risk leaders Responsibilities for this position include but are not limited to:
Lead and maintain an integrated view of market, credit, liquidity, operational and counterparty risk across the S&T portfolio, including risk appetite, limits, escalation thresholds and fit-for-purpose risk measurement methodologies.
Act as a trusted commercial partner to the trading organization, bringing a risk perspective into material transactions, new business approvals, hedging strategies and portfolio decisions, while preserving independent challenge.
Lead risk systems, analytics and reporting capabilities that support market risk, credit risk and trading compliance across a global, dynamic trading environment.
Strengthen risk governance and controls, with clear accountability for risk reporting, data quality, model ownership, limit setting and escalation.
Lead a high-performing risk organization, assessing capability needs, hiring, and establishing development paths and succession plans across market risk, credit, analytics and regional coverage.
Serve as an active member of the global S&T Credit & Risk Control leadership team, communicating risk clearly to senior stakeholders.
Required Skills and Qualifications:
Bachelor’s degree in Finance, Economics, Mathematics, Statistics, Computer Science, Engineering or related field; advanced degrees a plus.
15+ years of experience in energy or commodity trading risk, including meaningful leadership experience, within an integrated major, merchant trader, leading utility, bank commodities platform or similarly complex trading organization.
Direct exposure to physical and financial commodity portfolios, ideally across crude, refined products, natural gas, LNG, power, freight or related markets.
Proven track record of building or materially transforming a market risk or enterprise trading risk function – including designing a target operating model, implementing governance and limits, and delivering change while managing daily risk.
Demonstrated leadership of CTRM/ETRM systems, risk engine, data, reporting or major digital risk transformations through to implementation.
Strong understanding of commodity risk management, including derivatives, physical markets, trading lifecycle and risk metrics (e.g., VaR, P&L, exposure, stress testing); ability to challenge models and assumptions, interpret Monte Carlo outputs and stress scenarios, and translate analytics into decisions.
Commercial credibility, with an understanding of how traders create value and can distinguish intentional risk-taking from uncon