Commodity Market Risk Analyst

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. The Commodity Risk Analyst will contribute to the development and implementation of market risk management policies and procedures, in support of ATCO'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. 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. What Else You Get To Do:
Risk Control Validate all transaction details to the relevant risk management systems
Foster a cooperative error-resolution effort between front, middle, and back offices
Develop and maintain documentation outlining standard procedures for conducting business
Maintain risk systems and support risk systems and infrastructure development efforts
Monitor compliance with policies, guidelines, and limits, report violations Risk Analysis 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
Analyze and explain changes in the portfolio
Calculate and monitor position Greek Risk Modeling and Valuation 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
Provide adhoc valuation including risk metrics for physical and financial products Risk Governance 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
Provide stewardship of the Energy Risk Management Plan Who You Are:
5-7 years of experience in a commodity risk management environment. Previous experience in the Electricity or Gas industry is preferred
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
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
Demonstrated 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)
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 We would like to thank everyone for their application; however, only those being considered for an interview will be contacted. Canadian Utilities is part of ATCO Ltd. ATCO delivers inspired solutions for a better world. We are a diversified global corporation with investments in the essential services of Structures & Logistics, Utilities, Energy Infrastructure, Retail Energy, Transportation and Commercial Real Estate. Learn more about how we build communities, energize industries and deliver customer-focused solutions like no other company in the world at At ATCO, we support a diverse and inclusive environment that values the contributions and perspectives of everyone on the ATCO team. We believe the ATCO team is the foundation of our business and our most valuable asset across our global operations. Without each team members' unique skills, strengths, and knowledge, we simply wouldn't be able to achieve our fundamental vision of delivering life's essential services to our customers around the world. ATCO is an equal opportunity employer, and we do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. #Risk Analyst #hiring