Commodity & Market Risk Analyst

3 weeks ago

Calgary, Canada ATCO Corporate Full time

Always there. Anywhere. _That’s us We are committed to delivering inspired solutions for a better world. We care about our communities, we care about each other, and we care about showing up for those who need us. We value and encourage different perspectives and we have the courage to do the right thing, even when it’s hard.

We’re looking for someone who cares about their work and strives for more each day. Someone who challenges the status quo, embraces change, and thrives in a collaborative work environment. If you are someone who approaches work with passion, curiosity and the courage to innovate, then this role is for you.

The Commodity Risk Analyst will contribute to the development and implementation of market risk management policies and procedures, in support of ATCO Energy’s optimization efforts that enable the company to measure, monitor and manage energy commodity market risks. Reporting to the Director, Risk & Commodity Management, this role is key to ensuring that the governance control, and reporting activities of the Middle Office function are put into practice daily.

**What You Get to Do**:

- Foster a cooperative error-resolution effort between front, middle, and back offices and validate all transaction details to the relevant risk management systems
- Maintain risk systems and support risk systems and infrastructure development efforts
- Monitor compliance with policies, guidelines, and limits, report violations
- Provide daily report of risk exposures (e.g., P&L positions and change drivers)
- Perform periodic back-testing and stress testing
- Calculate MTM and risk metrics such as VaR, EaR, and CFaR of portfolios daily
- Calculate and monitor position Greek
- Develop and maintain market risk models
- Validate and model forward curves for all commodity exposures
- Support stochastic modeling of power and gas spot and forward prices in Alberta as well as stress testing and scenario analysis
- Support continuous business improvement through assessment of the effectiveness of Commodity Risk’s processes and control environment, particularly related to valuation and risk metrics, and enhancement of these processes and controls
- Supports the management of governance meetings (e.g. committee, management, board meetings, etc.) as required; facilitates development and approval of agendas, gathering and distribution of documentation related to agendas, and creation of meeting minutes/output

**Who You Are**:

- Undergraduate degree in Economics, Finance, Statistics or, Mathematics
- Working towards a Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Professional Risk Manager (PRM) or another relevant designation is preferred
- Minimum 5-7 years’ experience in a commodity risk management environment. Previous experience in the Electricity or Gas industry is preferred
- Experience in the use and configuration of broad-based commodity risk management systems would be considered an asset
- Experience in Commodities Risk (Alberta Natural Gas and Power markets would be a plus)
- Knowledge of market risk concepts such as VaR, tail exposure, stress-testing, back testing, P&L, MtM
- Knowledge of financial hedging on commodity products
- Knowledge to write and troubleshoot Excel macros, VBA codes and automation tools
- Data analysis and coding skills including SQL, Python or R would be a plus
- Familiar with Energy Trading Risk Management software (FIS Align ETRM systems would be a plus)
- Ability to work in a time-sensitive and fast-paced commercial environment
- Excellent communications skills
- Organized with an ability to multi-task in a rapidly changing environment against a backdrop of time and workload pressures
- Ability to establish effective relationships within the organization (Marketing, Business Development, Accounting, Treasury, and Internal Audit) and externally

**What We Offer**:

- A culture based on caring, integrity, agility, collaboration, and striving for excellence.
- Competitive compensation
- Flex benefits
- Tuition assistance program
- Training and mentorship programs
- Charitable donation matching

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