Senior Market Risk Analyst

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. Chances are, we do more than you think. We own pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. We also own gathering and 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 state of midstream and marketing services to our customers in the energy industry.

We are an organization that cares not only about results, but how those results are achieved. Our organization is grounded in the values of Safe, Trustworthy, Respectful, Collaborative and Entrepreneurial Pembina has a diverse and inclusive working environment that provides employees with a positive and engaging work experience where they are recognized and empowered. Learn more about our values and strategy.

We value the safety of our communities, customers, contractors and employees, and believe that all incidents are preventable. Compliance with all policies, procedures and regulations is a requirement, and our Life Saving Rules are basic rules. Working for Pembina means working safely.

Overview:

Pembina Pipeline Corporation’s Calgary office is actively hiring for a Market Risk Senior Analyst to join the team. This position reports to the Director, Middle Office, within the Financial Services team.

The Financial Services team supports the company’s major decisions by providing an in-depth understanding of financial health in both the short and long term, including credit and market risk, weighted average cost of capital, and capital markets opportunities for growth (such as financing strategy and M&A opportunities). The team is responsible for understanding the current state and future scenarios, and their potential impact on external stakeholders, including shareholders and rating agencies.

The Market Risk Senior Analyst will support the development and continuous enhancement of risk reporting activities and ETRM integration within Pembina’s Market Risk function. This role will support the Director by providing insights on risk management activities through a solid working understanding of market risk and reporting, improving daily risk reporting practices, and serving as a liaison with Front-office and Back-office personnel across the organization.

Responsibilities may include but not limited to:

• Support Pembina’s safety culture of "Zero by Choice" and the “Life Saving Rules”. To read more about our Life Saving Rules, visit ;
• Aid Pembina’s Risk team by developing and running daily, monthly, quarterly, and annual risk reports and consolidating material for presentations;
• Perform and present analysis and reporting for Natural Gas, Crude Oil, NGLs, Power, FX and other trading activities to provide updated risk metrics (MTM, positions, PnL, exposure, and VaR);
• Validate and reconcile front-office reports (PnL, positions, and exposures) while monitoring transaction activity for compliance with trader mandates, limits, and established controls;
• Investigate anomalies and work collaboratively with Front-Office to resolve;
• Contribute to the development of the strategy and roadmap for data quality and data analytics, data modeling, reporting, business intelligence, and the design and development of sophisticated decision support tools;
• Utilize ETRM and Data Warehouse systems to develop and maintain quantitative risk models and reporting for exposures, positions, and P L, while partnering with Front Office, Treasury, Counterparty Risk, Corporate Development, and Investor Relations to deliver risk insights that support informed business decisions;
• Partner with commercial teams to perform scenario‑based analysis, assessing potential outcomes, risk exposure, and alignment with portfolio objectives;
• Collaborate with business units in reviewing and developing new and existing product and limit requests;
• Provide informal people leadership by developing and mentoring team members;
• Support ETRM development and…