Market Risk Analyst
2 weeks ago
Worker Type: Employee
Group: Market Risk Operations Department
Job Post End Date: 01/23/2025
**About this opportunity**:
Cenovus’ Treasury & Risk Department is recruiting for a Market Risk Analyst. Reporting to the Manager of Market Risk Operations, The analyst will monitor, analyze, and report on market risk exposures to ensure they stay within prescribed limits. Additionally, the role includes performance measurement analysis, preparing and distributing market risk reports, and contributing to ETRM project improvements and new business activities. This position is essential to the overall control framework of the Middle Office.
**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 supervise 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 daily
- 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**:
- Legally authorized to work in Canada
- University degree in Finance or quantitative field of study (Statistics, Economics)
- Minimum 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 skills as evidenced by analytical insights and interactions with collaborators
- 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.
We acknowledge the value of transferrable skills and may consider equivalent combinations of experience and education should you not meet a specific requirement.
**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 developing our assets in a safe, responsible 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.
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
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