Company: Petroplan
Skills: Risk Management
Experience: 6 + Years
Education: Bachelors/3-5 yr Degree
Location: Calgary, Alberta, Canada


Are you a top tier Market Risk Control professional? We are looking for a Sr Advisor Market Risk Control to join our team! In this position you will have the opportunity to provide daily market risk management analysis and related support for the energy marketing business unit. In addition, you will provide direct support and collaborate with the Supervisor, Market Risk Control, for price curve validation, deal modelling, troubleshooting transactions, stress testing and complex portfolio scenario analysis.

Responsibilities:

  • Responsible for oversight and performing the daily risk management analysis, monitoring, and reporting for Tidal Energy's North American Natural Gas, Renewable Natural Gas (RNG), Crude Oil and NGLs, Power Trading activities. Risk metrics include at-risk (CFaR/VaR), open positions, valuation controls, MTM valuation, including daily management explanations on applicable metrics and limits.
  • Liaise with trading desk heads and work closely with commercial team on transactional topics to provide timely answers and recommendations to Senior Management.
  • Provide key risk input on topics such as stress testing and detailed analysis for transaction structuring documents.
  • Monitor and report exchange level position limits, as applicable.
  • Analyze risk system outputs for effective PNL decomposition in conjunction with other risk metric movements, creating meaningful daily market risk explanations applicable to a broad range of audiences.
  • SME for parametric VaR decomposition tools such as @Risk or other VaR models to be used for ad-hoc scenario analysis and explaining daily CFaR moves with increased accuracy.
  • Perform OpenLink price curve setup and price validation processes to ensure accurate valuation of illiquid markets or locations, especially for reporting month end and quarter end MTM results.
  • Troubleshooting transactions in the OpenLink system; Identify system enhancement requirements; review valuation, enhance and/or develop deal modelling processes and data flows from front to back to ensure accuracy and integrity
  • Evaluate new business strategies and ensure all material market risk has been captured and quantified, possess a strong understanding of transactions from deal execution to settlement
  • Build and maintain strong partner relationships across different businesses, providing Risk Control input on projects, cross functional system integration and system implementation work.
  • Supervise, report and thoroughly investigate Risk Policy non-compliance events, escalate and communicating non-compliance events to the Manager, Risk Control with recommended action plans for resolution.
  • Support the Tidal regulatory compliance topics with risk management expertise and assistance with trading surveillance software and implementation.
  • Perform the monthly process and tasks as part of the Risk (economic) to Accounting (results) monthly effectively communicate material variances and create efficiencies.
  • Actively work with MRM IT group to ensure data feeds between systems are functioning properly and End of Day risk system results are accurately generated, providing project support while effectively working with different internal groups.
  • Demonstrate informal leadership by providing daily support and training to other team members and provide backup coverage across the Risk team.
  • Support and maintain SOX requirements and documentation and keep up to date on industry and training requirements applicable to role.

 


Requirements

 

 

  • Undergraduate Degree in Economics, Finance, Accounting, or Applied Sciences. CFA, MBA, CPA, or other related designation is an asset. Risk Management designations in ERP or FRM are also an asset.
  • Six years of commodity risk management experience is required, including and not limited to Natural Gas, Crude Oil, NGLs, Power, RECS and Environmental Products in North America.
  • Proven understanding of VaR, MTM, and quantifying position exposures and other Risk Metrics.
  • Experience in dealing with various commodity physical and financial transaction types, including Fixed Price, Basis, Index, Transportation and Storage.
  • Technical experience troubleshooting power deal topics in energy trading risk management system (ETRM) across the transaction life cycle.
  • Excellent written and oral communication skills with the ability to explain financial models in operational terms.
  • Experience with the implementation or enhancement of ETRM systems.
  • Quantitative background with an understanding of statistics and ability to perform scenario stress testing, back testing of strategies and trading portfolio decomposition of risk.
  • Strong understanding of commodity pricing with experience in price validation topics.
  • Power BI, python or other data management software experience is highly desirable.
  • OpenLink experience is a strong asset.

 


Responsibilities:

 

 

  • Responsible for oversight and performing the daily risk management analysis, monitoring, and reporting for Tidal Energy's North American Natural Gas, Renewable Natural Gas (RNG), Crude Oil and NGLs, Power Trading activities. Risk metrics include at-risk (CFaR/VaR), open positions, valuation controls, MTM valuation, including daily management explanations on applicable metrics and limits.
  • Liaise with trading desk heads and work closely with commercial team on transactional topics to provide timely answers and recommendations to Senior Management.
  • Provide key risk input on topics such as stress testing and detailed analysis for transaction structuring documents.
  • Monitor and report exchange level position limits, as applicable.
  • Analyze risk system outputs for effective PNL decomposition in conjunction with other risk metric movements, creating meaningful daily market risk explanations applicable to a broad range of audiences.
  • SME for parametric VaR decomposition tools such as @Risk or other VaR models to be used for ad-hoc scenario analysis and explaining daily CFaR moves with increased accuracy.
  • Perform OpenLink price curve setup and price validation processes to ensure accurate valuation of illiquid markets or locations, especially for reporting month end and quarter end MTM results.
  • Troubleshooting transactions in the OpenLink system; Identify system enhancement requirements; review valuation, enhance and/or develop deal modelling processes and data flows from front to back to ensure accuracy and integrity
  • Evaluate new business strategies and ensure all material market risk has been captured and quantified, possess a strong understanding of transactions from deal execution to settlement
  • Build and maintain strong partner relationships across different businesses, providing Risk Control input on projects, cross functional system integration and system implementation work.
  • Supervise, report and thoroughly investigate Risk Policy non-compliance events, escalate and communicating non-compliance events to the Manager, Risk Control with recommended action plans for resolution.
  • Support the Tidal regulatory compliance topics with risk management expertise and assistance with trading surveillance software and implementation.
  • Perform the monthly process and tasks as part of the Risk (economic) to Accounting (results) monthly effectively communicate material variances and create efficiencies.
  • Actively work with MRM IT group to ensure data feeds between systems are functioning properly and End of Day risk system results are accurately generated, providing project support while effectively working with different internal groups.
  • Demonstrate informal leadership by providing daily support and training to other team members and provide backup coverage across the Risk team.
  • Support and maintain SOX requirements and documentation and keep up to date on industry and training requirements applicable to role.

 


Requirements

 

 

  • Undergraduate Degree in Economics, Finance, Accounting, or Applied Sciences. CFA, MBA, CPA, or other related designation is an asset. Risk Management designations in ERP or FRM are also an asset.
  • Six years of commodity risk management experience is required, including and not limited to Natural Gas, Crude Oil, NGLs, Power, RECS and Environmental Products in North America.
  • Proven understanding of VaR, MTM, and quantifying position exposures and other Risk Metrics.
  • Experience in dealing with various commodity physical and financial transaction types, including Fixed Price, Basis, Index, Transportation and Storage.
  • Technical experience troubleshooting power deal topics in energy trading risk management system (ETRM) across the transaction life cycle.
  • Excellent written and oral communication skills with the ability to explain financial models in operational terms.
  • Experience with the implementation or enhancement of ETRM systems.
  • Quantitative background with an understanding of statistics and ability to perform scenario stress testing, back testing of strategies and trading portfolio decomposition of risk.
  • Strong understanding of commodity pricing with experience in price validation topics.
  • Power BI, python or other data management software experience is highly desirable.
  • OpenLink experience is a strong asset.


Flex Work Clause

Our client provides competitive workplace programs that differentiate us and offer flexibility to our team members. FlexWork (Hybrid Work Model) offers eligible employees the opportunity to work variable daily schedules with a flexible start and end time, to opt for a compressed workweek schedule, and the option to work from home on Wednesdays and Fridays. Role requirements determine your eligibility for each option or combination of options.

About Petroplan

Petroplan is the trusted, specialist global Talent Solutions partner of choice for employers and professionals in the Energy sector. Since 1976, Petroplan has been here to help people like you make the most of the opportunities available and find the best fit for you as an individual.

Over 10,000 placements in more than 55 countries for over 550 clients across 65 disciplines.

In an industry where skilled and experienced professionals are increasingly sought after resource, we appreciate the true value of what you have to offer. What's more, we understand that different things are important to different people in today's world of work - it's about making exactly the right connections for you as an individual.

Our reputation for contractor and candidate care, understanding what makes you tick, and finding you the best match is second-to-none. We understand the industry inside-out and seek to understand YOU and your motivations in the same way. We take the time to evaluate your individual strengths, understand the most important things to you, and establish exactly what you're looking for from your next role.