Job Description :
Specific Accountabilities:
* Perform the daily risk analysis, risk monitoring and risk reporting for US Crude Oil unit. Risk metrics include cash flow at risk (CFaR), open positions and mark to market (MTM)
* Maintain financial models to produce, analyze and explain daily movements in MTM, CFaR and open positions
* Work with the front office and risk control ensuring compliance to the risk policies, striving to reduce non-compliance events and ensuring transactions are entered accurately
* Work with IT team to maintain risk system data integrity
* Perform various month end and quarter end risk reporting responsibilities with multiple interactions with front, middle and back office groups
* Work collaboratively with other functional areas in the deal flow process to ensure the risk system is properly recording and valuing transactional activities for economic and accounting purposes
* Provide ad-hoc analytical support to the front office, back office and risk control teams
* Develop a strong knowledge of multiple reporting tools, utilizing these tools to increase efficiency of analytical models and risk reporting which may involve various projects
* Develop strong knowledge of the Risk Policy, risk systems and inputs to identify risk policy violations and assist in process improvement, effectively communicating these concepts to multiple audiences
* Support SOX requirements and maintain SOX documentation for the Risk Control group
* Produce, maintain and monitor transaction logs for commercial review and signoff
* Review, verify and reconcile clearing broker statements where applicable
* Document and maintain various desk procedures and processes
* Review, verify and reconcile pricing publications where applicable
* Cross training and backfill requirements for the daily risk reporting Crude Oil as required
* Assist with audit engagements as necessary
* Continuously work to enhance understanding of marketing business strategies, commodity markets, risks, and relationships
* Perform economic to realized reconciliations, ensuring risk economic reported results are tied out with settlements value from Accounting and effectively communicate and or help resolve and prevent material variances
* Develop and foster relationships across different business groups (Front Office, Scheduling, Credit, Contracts, IT, Accounting) and commodity areas
* Troubleshooting transactions in OpenLink that impact Risk Control, the Front Office, or Accounting; identifying system bugs or enhancement requirements; review of deal modelling processes and flows from front to back and ensuring accuracy and integrity whenever possible
Scope/Dimensions:
* Impacts quality of management reporting of front office exposure, MTM, and risk metrics. Provides business support to trading organization while maintaining independence and objectivity in interpretation and upholding applicable risk policies, SOX controls, and regulatory requirements.
Contacts (Working Relationships):
* Marketers, Schedulers, Risk Control, Contract Administration, and various Finance groups. This role provides support to trading/marketing business units while also meeting Finance objectives.
Knowledge, Skills & Abilities:
Required:
* Undergraduate degree in economics, finance, or applied sciences, CFA, MBA, CA, or other related designation is an asset
* 3 years of risk management experience specializing Crude oil preferred. Experience in Natural Gas and Power would be an asset but is not required
* Preferred working knowledge of VaR, MTM, and quantifying position exposure
* Working knowledge of VaR, MTM, and quantifying position exposure
* Excellent written and oral communication skills; ability to explain financial models in operational terms
* Strong interpersonal skills and the ability to work and coordinate effectively within a team environment
* Experience with the implementation or enhancement of energy trading and risk management systems (ETRM)
* Openlink experience is an asset but not required