Market Risk Senior Specialist

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Location: Calgary, AB, CA, T2P 1G1

Requisition ID: 28391

Work Arrangement: Hybrid

Department: Middle Office Group

Pembina Pipeline Corporation is a dynamic energy transportation and midstream provider, serving customers for more than 65 years. We own pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada, along with gathering, processing facilities and an oil and natural gas liquids infrastructure and logistics business. Our operations along the hydrocarbon value chain allow us to offer a full suite of midstream and marketing services to our customers in the energy industry. We value safety, respect, collaboration, entrepreneurship, and a results‑driven culture. Compliance with all policies, procedures and regulations is mandatory; our Life Saving Rules are basic rules that everyone should know and live by.

Overview

Pembina Pipeline Corporation’s Calgary office is actively hiring for a Senior Specialist, Market Risk to join the team. This position reports to the Director, Middle Office in the Financial Services Unit, part of Pembina’s Financial Services Division. The successful candidate will lead the development and continuous enhancement of risk reporting activities and ETRM integration within Pembina’s Market Risk function. The role will support the Director by providing insights on risk management activities through a comprehensive understanding of market risk and reporting, improving daily risk reporting practices, and serving as a key liaison with Front‑office and Back‑office personnel across the organization.

Responsibilities

• Lead Pembina’s Risk Reporting processes, including daily risk reports and consolidating material for presentations to senior leadership;
• Establish and maintain governance frameworks for market risk activities, ensuring alignment with Pembina’s risk policies, regulatory requirements, and internal controls; oversee risk limit adherence, escalation protocols, and documentation standards;
• Serve as a key stakeholder and SME for ETRM development and maintenance, focusing on data requirements, testing, reporting, and enhancement opportunities;
• Develop and mentor the team, exercising a high degree of informal leadership and providing guidance on group deliverables;
• Perform and present risk analysis across commodities (Natural Gas, Crude Oil, Ns, FX), including MTM, positions, PnL, exposure, and VaR;
• Validate front office reports independently (PnL, position, exposure) and monitor transaction activity for compliance with trader mandates and limits; investigate anomalies and collaborate with Front Office to resolve;
• Leverage ETRM and Data Warehouse systems to develop and maintain quantitative risk models for exposure, position, and PnL;
• Support strategy and roadmap development for data quality, analytics, modeling, reporting, and decision support tools;
• Collaborate with commercial teams to perform scenario‑based analysis on strategies, assessing exposures and impacts on key risk measures;
• Build and maintain strong relationships with Front Office, Treasury, Counterparty Risk, Corporate Development, and Investor Relations to provide risk insights and promote a “getting to yes safely” culture;
• Review and develop product and limit requests in collaboration with business units;
• Manage and validate reference data, forward price curves, and trader marks;
• Lead standardization, efficiency, and automation initiatives across risk processes;
• Apply sound judgment to identify and solve problems within established parameters;
• Provide ad‑hoc analysis and support for other business areas and audits as needed;
• Communicate complex risk concepts to non‑technical stakeholders and influence decision‑making;
• Demonstrate learning agility by actively seeking feedback, adapting to new information quickly, and applying learnings to improve performance and deliver results in a dynamic environment;
• Support Pembina’s safety culture, including “Zero by Choice” and the “Life Saving Rules”;
• Promote an equitable, diverse, and inclusive workplace.

Qualifications

• Demonstrates Pembina’s core values: safe, trustworthy, respectful, collaborative, and entrepreneurial;
• Bachelor’s degree in Finance, Accounting, Economics, or a related discipline; CFA, CPA, MBA preferred;
• ERP or FRM designation in Risk Management is an asset;
• 10+ years of market risk experience, ideally within the energy sector and commodities;
• Deep understanding of energy markets, physical/financial instruments, deal lifecycle, and risk methodologies;
• Strong grasp o