Head of Trading Compliance and Operational Risk (Houston, TX, US, 77056)

LyondellBasell
Houston
Workplace: OnsiteFull timeFunction: Legal, Risk & ComplianceEducation: bachelorsSkills: ["Integrity","Accountability","Sound judgment","Control mindset","Stakeholder communication"]

Design and implement Trading Compliance and Operational Risk for the IST&O asset-backed petrochemical trading organization. Build governance, risk taxonomy, standards, surveillance, and compliance monitoring across liquid and illiquid markets, working with Corporate Compliance, internal/external counsel, and trading stakeholders. Establish operational risk frameworks across the trade lifecycle, embed controls into CTRM and trade processes, partner on monitoring technology, and report risk/control performance, training, issues, remediation, and audit/regulatory updates.

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LyondellBasell
LyondellBasell
23 hours ago

Head of Trading Compliance and Operational Risk (Houston, TX, US, 77056)

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Job Summary

Design and implement Trading Compliance and Operational Risk for the IST&O asset-backed petrochemical trading organization. Build governance, risk taxonomy, standards, surveillance, and compliance monitoring across liquid and illiquid markets, working with Corporate Compliance, internal/external counsel, and trading stakeholders. Establish operational risk frameworks across the trade lifecycle, embed controls into CTRM and trade processes, partner on monitoring technology, and report risk/control performance, training, issues, remediation, and audit/regulatory updates.
Location: Houston
Workplace: Onsite
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Sr. Director level

Key Responsibilities

  • •Establish Trading Compliance and Operational Risk functions for IST&O, including mandate, governance, risk taxonomy, cadence, escalation, documentation, and engagement with commercial/control partners.
  • •Coordinate with Corporate Compliance, regulatory teams, internal counsel, and external counsel to understand internal/external compliance requirements.
  • •Set standards for trading conduct and communications with external parties, including monitoring derivative transactions against applicable Dodd-Frank and CFTC de minimis limits.
  • •Develop and operate an operational risk framework across the trade lifecycle, including risk/control self-assessments, process reviews, key risk indicators, incident/near-miss management, and issue management.
  • •Embed compliance and control requirements into CTRM and trade-lifecycle processes (approvals, capture, confirmations, settlements, limits, reconciliations, exceptions, and audit evidence) and report on risk indicators, control performance, training, incidents, remediation, and audit/regulatory developments.

Key Requirements

  • •Bachelor’s degree in Finance, Accounting, Business, Economics, Law, Engineering, Risk Management, or a related field.
  • •Significant experience in compliance, operational risk, internal controls, trading risk, audit, legal, regulatory advisory, or business controls supporting commodity trading or financial markets.
  • •Strong knowledge of physical and financial commodity trade lifecycles, including approvals, trade execution/capture, confirmations, logistics, settlements, reconciliations, P&L/exposure reporting, and issue identification/escalation.
  • •Experience establishing and monitoring controls within CTRM-supported processes.
  • •Ability to work independently, influence without authority, prioritize constrained resources, and communicate effectively with senior leaders.
Experience:Commodity tradingFinancial marketsEnergyPetrochemicalsAsset-backed commercial activity
Education:Bachelor's
Skills:IntegrityAccountabilitySound judgmentControl mindsetStakeholder communication
Tech Stack:CTRMPower BIExcelSQLPythonAI-enabled monitoring

Company Brief

LyondellBasell
Global chemical company producing plastics, chemicals, and refining products for industries including packaging, automotive, and construction. Operates manufacturing sites and technology licensing worldwide, focusing on polymer solutions and sustainability initiatives.
Industry: Chemical Manufacturing
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Houston, United States
Founded: 2009
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