Role Overview
First Horizon Bank is seeking an experienced Energy Hedging & Derivatives Specialist to lead the design and execution of client driven commodity hedging programs in support of the Energy, Commercial, and Specialty Lending Groups. This individual will work closely with relationship managers, credit officers, and energy bankers to integrate commodity hedging into reserve‑based lending (RBL), project finance, corporate revolvers, and other energy lending products, helping clients stabilize cash flows and protect borrowing capacity. This role will be focused exclusively on the servicing of lending clients within First Horizon’s footprint and does not involve proprietary trading.
Key Responsibilities
- Participate in joint client meetings with lenders to discuss market conditions, hedge structures, and how hedging supports credit metrics and capital plans.
- Translate borrowers’ commodity exposures (production profiles, basis risk, transportation, storage, offtake contracts and consumption) into tailored hedging programs aligned with loan covenants and business plans.
- Originate and present hedge optimization ideas, re‑hedge opportunities, and scenario analyses that align with each client’s capital structure and lending arrangements.
- Assist with Commercial Bankers across the First Horizon footprint with consumption hedges for clients that have energy price exposure in their operations.
- Execute client‑initiated oil and gas derivatives (swaps and options) in support of existing and prospective energy lending relationships.
- Work with legal and documentation teams on ISDA/CSA agreements, hedging provisions in loan documentation, and confirmations for client trades.
- Ensure accurate and timely trade capture, confirmations, and reconciliation in coordination with middle and back office.
- Record hedge transactions and off-setting upstream positions in derivative system of record.
Qualifications
Required
- Prior experience in providing commodity hedging advice & execution to upstream oil & gas exploration & production companies who have reserve-based loans.
- 10+ years of experience in oil and/or natural gas derivatives hedging, marketing, or structuring, ideally with direct exposure to energy lending, RBL, or project finance.
- Meaningful experience in over-the-counter back-to-back hedging programs
- Strong understanding of physical oil and gas markets, benchmarks, and basis dynamics, and how they interact with lending structures and credit risk.
- Demonstrated experience designing and implementing hedging programs for corporate or sponsor‑backed energy clients.
Preferred
- Prior experience working with Commercial and Industrial clients on structuring hedges to stabilize the cost inputs for commodity consumption.
About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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What We Do
Few financial firms can boast a history dating back to 1864. Yet for over 155 years, FHN Financial has been dedicated to helping our customers achieve their fixed income goals. Whether you want to buy or sell securities, need help managing your balance sheet, or seek to limit interest rate risk, we can deliver the appropriate products and services, precisely tailored to your needs. We’re confident you won’t find a more responsive, customer-focused fixed income shop anywhere. FHN Financial is an industry leader in fixed income sales, trading, and strategies for institutional customers in the US and abroad. We also provide investment services and balance sheet management solutions. With an average daily trading volume of $7+ billion, FHN Financial customers include approximately 50% of all US banks.
