Manager Quantitative Commodity Market Risk

## Manager Quantitative Commodity Market Risk Apply remote type:
Hybrid:
Remote and Office locations:
Calgary, AB, CANtime type:
Full time posted on:
Posted Todaytime left to apply:
End Date:
June 11, 2026 (6 days left to apply) job requisition :
71199
** Posting End Date:
** June 10, 2026
** Employee Type:
** Regular-Full time
** Union/Non:
** This is a non-union position

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).We offer opportunities for growth, increasing your knowledge and skills, and an exciting career filled with competitive benefits and pension package including generous time off.

We'd love to hear from you! Apply today for this extraordinary opportunity with Enbridge!##

What You Will Do:

* Leadership over VaR model accuracy, P&L decomposition, and end‐to‐end FEA VaR integrity, ensuring robust data connectivity, validation, explainability, effective vendor management, and scalable expansion across portfolios, commodities, and business lines, with clear enterprise‐wide risk communication.
* Lead market risk assessments for new business initiatives, ensuring risks are fully captured and documented to support senior management approval processes.
* Direct accountability for the risk team’s analysis, monitoring, & reporting function for multiple North American commodity trading activities including VaR, open positions, valuation controls, MTM valuation, including daily management explanations on applicable metrics and limits
* 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; become an expert in the Pricing Data warehouse and ZEMA pricing connections and functionality.
* 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.
* 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.
* Support quarterly management meetings for business units, to discuss risk policy approvals, and ongoing market risk communication and compliance monitoring.
* Monitor and report Policy non-compliance events relative to applicable prescribed commercial Policy limits
* Support and maintain SOX requirements & documentation, and keep up to date on industry & training requirements applicable to role.## Who You Are:
* 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
* Advanced coding experience in Python, SQL, & Business Intelligence apps (Power BI is preferred).
* Experienced in performing risk control processes, including the development, monitoring, & enforcing of market risk limits, daily risk reporting of commodity MTM, VaR and positions.
* 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
* Excellent written & oral communication skills; ability to explain financial models in operational terms.
* Thrives in a dynamic,…