Enbridge

Enbridge

Manager Quantitative Commodity Market Risk

Calgary, AB, CAN · Full-time

Sponsorship not specifiedDetected 33 days ago
PythonSQLSparkData VisualizationStatisticsComplianceFinancial ModelingAccountingValuationVendor ManagementERPFEALoad TestingPharmacy PracticeLeadershipCommunicationCollaboration

About the role

  • We are looking for a Manager Quantitative Commodity Market Risk who will be accountable for the daily risk reporting function to deliver timely, accurate, and decision‑useful insights, including analysis of day‑over‑day changes in Mark‑to‑Market (MTM), Value‑at‑Risk (VaR), at‑risk metrics, and open positions in North American commodity markets (power,
  • natural gas, crude oil, and natural gas liquids).

Responsibilities

  • Lead market risk assessments for new business initiatives, ensuring risks are fully captured and documented to support senior management approval processes.
  • Lead end‑to‑end project delivery for new risk reporting tools, advancing process automation (including Python coded processes development) and high‑value data visualizations (Power BI).
  • Expand risk team capabilities such as risk reporting development, stress testing &/or other complex scenario analysis (including VaR simulations) to support risk metrics and ad hoc requests.
  • Drive continuous improvement of valuation controls and price curve validation and technical maintenance, embedding best‑practice processes that support reliable enterprise reporting
  • Cultivate strong cross‑functional partnerships across Enterprise Risk, Trading, Scheduling, Accounting, MRM (IT), Credit, Legal, and Trade Compliance to drive collaboration and ensure front‑to‑back success across the commodity transaction lifecycle.
  • Support quarterly management meetings for business units, to discuss risk policy approvals, and ongoing market risk communication and compliance monitoring.
  • Support and maintain SOX requirements & documentation, and keep up to date on industry & training requirements applicable to role.
  • Drive continuous improvement of valuation controls and price curve validation and technical maintenance, embedding best‑practice processes that support reliable enterprise reporting; become an expert in the Pricing Datawarehouse and ZEMA pricing connections and functionality.
  • Experience in the design of risk metrics & controls to manage cash monthly price risks.
  • Applicants with disabilities can request accessible formats, communication supports, or other accessibility assistance by contacting careers@enbridge.com.

Requirements

  • Bachelors degree in economics, finance, or applied sciences with 8+ years of in-depth experience in power, natural gas, &/or crude oil markets in risk management
  • Quantitative background with a strong understanding of probabilities & statistics with the ability to perform scenario stress testing & analysis, back testing of strategies & trading portfolio decomposition of risk.
  • Strong understanding of modern VaR & GMaR methodologies
  • ability to explain financial models in operational terms.
  • Strong understanding of multiple option valuation methodologies & risk management approaches.
  • Experience reviewing large pricing data history, creating, & identifying value added visualizations/insights for decision makers.
  • Technical experience risk managing, troubleshooting and modeling transactions in Openlink/Endur or similar Energy Trading & Risk Management (ETRM) systems across the transaction life cycle.
  • Experience in PJM, MISO, NYISO, ISO-NE, ERCOT, SPP, IESO &/or AESO power markets
  • Strong understanding of cash month wholesale power markets & associated financial products (ex., FTRs, Virtuals, increment / decrements), ancillary service products & physical power trading strategies.
  • Experience in risk management of spark spread / heat rate products & trading strategies.

Nice to have

  • CFA, MBA, CA, or other related designation is an asset.
  • Risk Management designations in ERP or FRM are also an asset.
  • Strong understanding of how to analyze power LMP/congestion settlement & external forward pricing sources, make price curve recommendations or valuation enhancements.
  • Advanced coding experience in Python, SQL, & Business Intelligence apps (Power BI is preferred).

Skills

  • This is a non-union position
  • Apply today for this extraordinary opportunity with Enbridge!

Benefits

  • A flexible benefits program that allows each employee to select the level of coverage needed for their family in the areas of health, dental, insurance and disability.
  • Valuable retirement savings plans, including a savings plan with company stock as an investment option.
  • Provide on-going risk policy approval recommendations with clear governance over commodity desk authorities, market risk limits, approved strategies, transaction types, and geographic market coverage.
  • Paid time off/vacation/sick, plus paid personal days off (depending on location), and paid holidays.
  • Enbridge's FlexWork (hybrid work model) offers eligible employees (Manager and below) the option to work from home on Mondays and Fridays, opt for a compressed work week schedule, or have flexible start and end times.

Company info

  • At Enbridge, we are dedicated to our core value of Inclusion.
  • We are proud to be an
  • To learn more about us, visit www.enbridge.com

Equal opportunity

  • Equal Opportunity Employer.

Visa & Work Authorization

  • Enbridge's FlexWork (hybrid work model) offers eligible employees (Manager and below) the option to work from home on Mondays and Fridays, opt for a compressed work week schedule, or have flexible start and end times.
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