Manager, Risk

3 weeks ago


Mississauga, Canada Just Energy Full time

**Manager, Risk & Product Control**
**-**
**(**
**231704062**
**)**

**Description**

**Manager, Risk & Product Control**
This position is hybrid and located in Mississauga, ON (GTA + Hamilton Area)

**Who We Are**:
Just Energy is a consumer company focused on essential needs, including electricity and natural gas; health and well-being, such as water quality and filtration devices; and utility conservation, bringing energy efficient solutions and renewable energy options to consumers. Currently operating in the United States and Canada, Just Energy serves both residential and commercial customers. Just Energy is the parent company of Amigo Energy, Filter Group Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and terrapass.

The **Manager, Risk & Product Control**, will report to Director of Risk and will perform risk management activities as outlined in company’s Risk Policy and Procedures. This position requires a motivated, self-driven individual with clear focus on Risk discipline. The Risk Department provides Trade Control, Valuation of company’s retail and wholesale positions, Collateral and Credit Risk Management, Market Risk Management, Risk and Compliance advisory, and independent reporting to the Risk Management Committee.

**Responsibilities**:

- Develop and support Risk’s models and processes around PnL, MTM, VaR, curves, positions
- Perform daily valuation of company’s retails and wholesale portfolio with attribution of PnL movements
- Analyze MTM movements by measuring the impact of new deals and retail load transfers, amendments, cancellations as well as changes in market prices, hourly scalar assumptions, congestion costs etc.
- Pro-actively monitor all operational, valuation and risk management issues pertaining to load and supply portfolios
- Collaborate with IT to ensure timely processing and accuracy of portfolio components
- Act as primary liaison and coordinator on PnL discrepancies, deal and curve issues
- Provide timely ad-hoc analysis on new deals, deal terminations, portfolio transfers and strategy performance
- Communicate Daily, MTD and YTD results to stakeholders - Management, Finance, Supply, Pricing and Structuring
- Hire, train and mentor junior staff on P&L reporting, risk management and other areas as required

**Requirements**:

- 8+ years of experience in Energy Risk environment, in a Risk or Product control role supporting a trading desk
- Strong financial and energy modeling capabilities
- Excellent MS Excel, VBA skills
- Knowledge of relational databases and SQL proficiency
- Strong analytical, problem-solving, interpersonal and communication skills
- Able to work effectively and reliably under pressure
- Advanced understanding of procedures and operational controls as they relate to retail energy commodities, trading systems and workflows
- Degree is Business, Finance, Engineering or Quantitative Sciences
- Nice to have Masters in a Quantitative Field
- CFA, FRM designations nice to have but not necessary

**Benefits**:
Just Energy offers a robust benefits plan for staff members, as well as Employee Assistance Programs that offer a wealth of tools and resources to enrich the employee experience. The company also provides a number of cost-free, self-development courses for those that wish to build on their skills and competencies. In addition, a variety of awards offer another opportunity to recognize and reward employees.

**We offer**:

- Competitive compensation
- Performance based bonuses
- Comprehensive benefits package from day 1 of employment
- Employee Deferred Profit Sharing Plan (DPSP)
- Hybrid Working Model
- Health and wellbeing tools and resources and more
- Just Energy and its subsidiaries are an equal opportunity employer. We are committed to building a workforce that reflects the communities we serve and to promote a diverse, anti-racist, inclusive, accessible, merit-based, respectful and equitable workplace. We invite all interested individuals to apply._
- #LI-SS1_

**Primary Location***: CA-ON-Mississauga

**Work Locations***: ON-Mississauga-Courtney Park 80 Courtney Park West Mississauga L5W 0B3

**Job***: Risk Management

**Organization***: Canada

**Schedule***: Regular

**Shift***: Standard

**Employee Status***: Manager

**Job Type***: Full-time

**Job Level***: Day Job

**Travel***: No

**Job Posting***: Feb 16, 2023, 1:23:59 PM


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