Energy Risk Specialist - Calgary, Canada - Enmax

Enmax

Verified Company

Calgary, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Posted:
March 14, 2024

Closing Date:
March 28, 2024

Position Type:
Permanent

Union:
Exempt (MP)

ENMAX Values - Safety, Integrity, Accountability, Service, Teamwork, Agility, Innovation

The Energy Risk Specialist will assist with core middle office risk activities and tasks the team fills to support various partners.

This position is accountable for Middle Office and market risk functions and reports to the Manager, Market Risk.

This role will both quantify and report on highly sensitive position and trading information including commodity risk exposures, various risk metrics and performance measures.

The Energy Risk Specialist is also responsible for implementing and assuring adherence to corporate risk policy including both the corporate hedging program and position limits.

Major Responsibilities:

Support the Middle Office to provide effective and meaningful market risk reporting and monitoring for the Front office, Executive and the Board
Assist in the daily responsibilities of the Market Risk Reporting Team
Assist with the implementation and maintenance of the corporate hedging program and limits
Support the review, validation, representation and approval of new products, complex and nonstandard transactions, proposed new business opportunities, and portfolio strategies
Assist with the daily, monthly, and quarterly reporting of positions, valuations, and risk factors including VaR, EaR, Stress Testing, Scenario analysis, and ensuring compliance with all limits
Assist in ensuring the maintenance of the "system of record", its book structures, limits, risk measurement methodologies, tools, techniques and other systems
Support a culture of operational excellence and collaboration among Risk Management, Wholesale Trading and Retail Front and Back Offices
Collaborate with other risk management functions (Enterprise, Credit, Treasury, Insurance, Regulatory, Audit, etc.) to ensure an effective risk management program and culture

Education Required:

Undergraduate degree in a quantitative discipline (finance, economics, engineering or mathematics)
Postgraduate degree in a quantitative discipline or relevant professional certification (FRM, PRM, CFA, CQF) is preferred

Qualifications:

Minimum of 8 years relevant risk management experience in the energy, commodity and/or financial services industries
Solid understanding of quantitative methods as well as principles of economic and finance with experience in complex valuation including real options, swaps, asset valuation, derivatives, options etc.
Ability to perform critical thinking and problem solving to derive meaningful conclusions and explain changes in portfolio exposures from limited data and under limited times lines
Understanding of corporate hedging, portfolio optimization, physical and financial instruments, and energy transacting and risk management strategies
Programming and analytical skills with VBA, Python, SQL. Experience with Energy Trading and Risk Management platforms/solutions is an asset
Familiarity of electricity and natural gas market structures is preferred
Familiarity of the trade cycle (deal execution, operations, settlement) would also be considered an asset

Competencies:

Able to work autonomously, prioritizing and focusing activities to contribute to the successful implementation of the company's strategy
Strong verbal and written communication skills and ability to communicate with diverse audiences, including Senior Management
Ability to create collaborative relationships and influence other business units including Trading, Retail, Finance and the Executive
Proactively identifies problems, trends or recurrences and proposes solutions where applicable

Did we mention the ENMAX Advantage?

We offer competitive compensation including a comprehensive flexible benefits program, non-downtown location that includes great building amenities such as free onsite fitness facility with programming geared to employee's needs, onsite childcare centre (upon availability, offered from our ENMAX Place location Ave. SE), free parking and much more.

If you share our values and would like to make a difference with your career, join the team and see where the ENMAX possibilities can take you.

Location:

This role will be part of our hybrid (home and office) work force with office workspace located at ENMAX Place th Avenue SE, Calgary, AB).

You will work from home on Mondays and Fridays and in the office on Tuesday, Wednesday, and Thursday.

Note:

Every ENMAX employee is responsible to take reasonable care to protect the health and safety of themselves, of all other workers, and of the public. Each employee must become familiar with safety procedures and rules applicable to their job and are required to follow them while working at ENMAX.
Must be legal to work in Canada and requires the successful completion of a criminal background check. Two pieces of valid Government issued ID will be requir