Market Risk Analyst

Found in: beBee jobs CA - 1 week ago

Calgary, Alberta, Canada Cenovus Energy Inc. Full time
Worker Type: EmployeeGroup: Market Risk DepartmentJob Post End Date: 03/20/2024

About this opportunity:

Cenovus' Risk & Insurance Department is recruiting for a Market Risk Analyst. Reporting to the Manager of Market Risk, this position is responsible for daily positions, Profit and Loss (P&L) reconciliation, timely validation and explanation; monitoring, analyzing and reporting on market risk exposures to the prescribed limits; performance measurement analysis; market risk report preparation and distribution as well as contributing to ETRM project or new business activity ETRM enhancements.

This position plays a key role in the overall control framework of Middle Office. The successful candidate possesses a demonstrated willingness to learn, reinforced by advanced analytical skills, aptitude for efficiency while maintaining accuracy and the ability to collaborate cross-functionally while working in a fast-paced and dynamic environment.

What you'll do:

  • Market risk is accountable for the independent evaluation of commodity market risks and exposures for all marketing, trading and asset related activity to support and monitor strategic decision making at the senior leader level.
  • Measure and analyze commodity market risk for physical and financial trading and marketing activities.
  • Provide independent validation of commodity market risk exposure, mark-to-market (MtM), P&L attribution and valuation on a daily basis.
  • Validate and report commodity sub-book level compliance versus internal market risk controls.
  • Evaluate opportunities to improve data warehousing and visualization in order to communicate commodity focused market risk reports for management and Front Office desk leads.
  • Assist in new business activity ETRM integration and upgrades, such as establishing requirements, providing input to design solutions and participating in user acceptance testing.
  • Demonstrate investment and engagement in collaborative partnership between Front-Middle-Back Office to improve processes, communication and performance measurement reporting.
  • Collaborate across Middle Office to support development of analytical risk tools.

Who you are:

  • Must be legally entitled to work in Canada.
  • University degree in Finance or quantitative field of study (Statistics, Economics).
  • Minimum 3-5 years of experience in a role supporting energy markets and commodity trading (physical and financial).
  • Foundational knowledge of commodity market risk management procedures, models and methodologies.
  • Experience in ETRM environments and commercial acumen as evidenced by analytical insights and interactions with stakeholders.
  • Confirmation of programming skills (RStudio/VBA/SQL) and use of visualization software (RStudio/Power BI) is preferred.
  • Strong degree of accuracy and efficiency to deliver quality analysis within a time-sensitive environment.

Note: The application deadline for this position is 11:59 PM MT March 19, 2024.

If you require accessibility assistance to complete the on-line application or otherwise apply for an open position with Cenovus, its subsidiaries and affiliates, please email

Internal candidates that are currently in a lower grade will be assessed based on their sustained job performance, how they demonstrate the expected organizational competency behaviors and values and in discussions with their current leader prior to determining next steps.

Who we are:

We're an integrated energy company headquartered in Calgary with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. We're committed to maximizing value by sustainably developing our assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into our business plans.

We've been named a Top Alberta Employer for 2024, a designation recognizing organizations leading their industries in offering exceptional places to work.

Find Cenovus on Facebook, X, LinkedIn, YouTube and Instagram.

For more information, please visit

At Cenovus, we embrace diversity of thought, experience and backgrounds to help us make better business decisions, address our challenges, seize opportunities and unlock innovative solutions. We're committed to building a diverse, equitable and inclusive workplace where people feel respected, valued and engaged. We strive for a collaborative, physically and psychologically safe environment where you can be yourself, feel a sense of belonging and thrive. For more information, including details on our inclusion and diversity targets and networks, visit

The requirements of this posting may be modified to support business needs. Title and compensation administration will be based on the skills and capabilities of the successful incumbent.

Notification

To be considered for a position, please click Apply and create an account or sign in to your Cenovus Careers profile.

Immediately following successful submission of your online application, you will receive an online notification confirming Cenovus's receipt of your resume.

Only those applicants who apply directly to a posted position and are selected for an interview will be contacted. We will not accept agency or third-party candidate submissions.

To follow the status of your application, log in to your Cenovus Careers profile and click on the appropriate job under 'My Applications'.

Interested in this opportunity? Click the Apply link.

If you are a CURRENT EMPLOYEE please apply by going to our Internal Career Site

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