Commodity Risk Specialist

1 month ago

Calgary, Canada CNOOC International Full time

COUNTRY

**Canada**

LOCATION

**Calgary**

EMPLOYMENT TYPE

**Employee**

REQUISITION NUMBER

**CAN02584**

CLOSING DATE

**Dec-05-2024**

**Company Overview**:
**Welcome to CNOOC International. We are a global energy company and subsidiary of CNOOC Limited with a vision of delivering safe, sustainable **_energy for all_**.**

CNOOC International, the international division of CNOOC Limited, is a global energy company with operations in Asia, Africa, the Americas, the Middle East and Europe. Our successful growth as an upstream oil and gas producer has been achieved by consistently finding and developing world-class assets.

Our business is focused on safely exploring and producing from conventional offshore, unconventional and oil sands assets. As part of the CNOOC Group of companies, which span the entire energy supply chain, our size and capability create a competitive advantage that ensures we deliver long-term value.

In Canada, CNOOC International has oil sands assets in Long Lake, located in northern Alberta just south of Fort McMurray, which is a SAGD and partial Upgrader operation with production capacity of 85,000 barrels of bitumen a day. We also have interest in several other oil sands projects, including Hangingstone, operated by Greenfire Resources Operating Corporation and Syncrude’s oil sands mining upgrading facility. In addition to our oil sands business, we have shale gas land in Northeast British Columbia, a power station in Balzac, Alberta, and interest in a wind farm in southern Alberta. Calgary is our regional corporate office for all North America.

**CNOOC and You**:
Your career at CNOOC is about moving forward - learning new skills, broadening experiences, and making meaningful contributions. From personal career development that enables you to fulfill your potential, to **employee programs** that help you make the most of **work life balance**.

We encourage and promote work-life balance by allowing you to participate in our Compressed Work Schedule (CWS) that will give you **two Fridays off per month** and flexible work hours.

In exchange for your dedicated work is a **total rewards** package that not only recognizes your contribution, but also provides for your family. We offer competitive Company-paid **benefits **that support** your **mental, physical and financial well-being Including an annual Wellness Account, a generous paramedical allowance, and access to a team of Virtual Health Care professionals to guide you to the right medical resource. Save for your future by participating in our **Pension plan** and join our **Savings Plan **with Company-matching. We encourage you to further step up for your community by giving you two **paid volunteer days, volunteer rewards and sports grants to **support causes you are passionate about.

Bold ideas, diverse perspectives, and the determination to fuel our success are what set us apart. Therefore, we are seeking a **Commodity Risk Specialist** to join our growing team in **Calgary, Alberta. **This dynamic role will be instrumental in reporting to the Senior Manager, Credit & Contracts, Risk Management & Insurance, the position is responsible for measurement, oversight and reporting of commodity risk exposure, implementing sound risk management principles, and rationalizing commodity prices in support of the North America marketing business.

**Your Background**:

- **Undergraduate degree in a quantitative discipline such as mathematics, Statistics, Finance or Economics.**:

- **5 - 10 years experience in a commodity risk management or related role, preferably in the oil/energy industry.**:

- **Having or working towards a Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Professional Risk Manager (PRM) or other relevant designation would be considered an asset.**:

- **Strong attention to detail with focus on analytics and problem solving.**:

- **Experience with Right Angle trade capture or other ETRM system is an asset.**

**Your Role with Our Team**:

- **Collaborate with Front, Middle and Back office stakeholders to ensure accurate valuation, oversight and reporting of commodity transactions.**:

- **Develop and assist with implementation of fit for purpose pricing and valuation models in markets where CNOOC transacts.**:

- **Validate Marketing transactions for accuracy, completeness and market based prices.**:

- **Formulate and report risk exposures (i.e.; positions, mark to market and change drivers, stress testing)**:

- **Assist with development and maintenance of fit for purpose portfolio signals and limits.**:

- **Provide independent and accurate valuations of physical and financial positions, mark to market exposure and performance data.**:

- **Perform quantitative and qualitative analysis as required on current and future pricing. Identify trends that may impact business objectives or present opportunity.**:

- **Analyze internal and external market data to rationalize commodity price movements a

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