Technical Manager Commodity Market Risk

What You Will Do

• Lead VaR model integrity, P&L decomposition, and end-to-end FEA VaR integrity risk to ensure accurate and scalable enterprise risk reporting.
• Conduct market risk assessments for new business initiatives, supporting senior management and CFRMC approval processes.
• Deliver end-to-end development of risk reporting tools and automation, leveraging Python and Power BI for advanced analytics.
• Expand team capabilities in risk reporting development, stress testing, back testing, and scenario analysis (including VaR simulations) to strengthen risk insights and reporting.
• Enhance valuation controls and price curve validation processes, ensuring robust and reliable enterprise reporting.
• Demonstrated expertise with Pricing Data warehouse, ZEMA pricing connections, other APIs and related functionality.
• Collaborate cross-functionally with Trading, Business Development, Risk, IT, Accounting, Legal, and Compliance teams to support full transaction lifecycle success.
• Provide on-going Risk Policy approval recommendations based on technical analysis to support clear governance over commodity desk activities involving authorities, market risk limits, strategies, transaction types, and geographies.
• Support quarterly management meeting content for multiple business units relating to proposed Risk Policy approvals, ongoing market risk communication and risk metrics oversight.
• Monitor and report metric-related Risk Policy non-compliance events relative to applicable prescribed commercial limits.

• Bachelor’s degree in economics, finance, or applied sciences with 8+ years of in-depth experience in power, natural gas, and/or crude oil markets in risk management.
• Advanced coding experience in Python, SQL, and business intelligence apps (Power BI is preferred).
• Experienced in performing risk control processes, including the development, monitoring, and enforcement of market risk limits, daily risk reporting of commodity MTM, VaR, and positions.
• Strong understanding of probabilities and statistics with the ability to perform scenario stress testing & analysis, back testing of strategies & trading portfolio decomposition of risk.
• In-depth knowledge of modern VaR & GMaR methodologies.
• Excellent written & oral communication skills; ability to explain financial models in operational terms.
• Dynamic interpersonal skills & ability to work effectively with others.
• Thrives in a dynamic, collaborative working team environment involving daily tasks, project work & new product development.
• Strong understanding of multiple option valuation methodologies & risk management approaches.
• Experience in the design of risk metrics & controls to manage cash month price risks.
• Experience reviewing large pricing data history, creating and identifying value-added visualizations/insights for decision makers.
• Ability to create new market risk tools & processes by defining a project’s vision & executing it from inception to completion.
• Technical experience risk managing, troubleshooting and modeling transactions in Openlink/Endur or similar energy trading & risk management systems (ETRM) across the transaction life cycle.
• Concurrent cross commodity expertise across multiple geographies for liquid and illiquid products, exchange traded activities, including CSO’s.

• Experience with Open Link/Endur (or similar ETRM systems).
• CFA, MBA, CA, or other related designation.
• Risk Management designations in ERP or FRM.

• 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.
• Paid maternity and parental leave benefit that offers up to 20 weeks of paid leave for birth-giving parents and up to 12 weeks for other eligible parents.
• Valuable retirement savings plans, including a savings plan with company stock as an investment option.
• Paid time off/vacation/sick, plus paid personal days off (depending on location), and paid holidays.
• Employee and Family Assistance Program.
• Wellness Program, focusing on supporting healthier employees by providing tools, resources, and opportunities to improve physical, mental, social, and financial well-being.
• Enbrid…