Confirmations & Counterparty Management Analyst

at  Procom

CONFIRMATIONS & COUNTERPARTY MANAGEMENT ANALYST

On behalf of our client Procom is seeking a Confirmations & Counterparty Management Analyst for a 6 month contract in downtown Calgary Alberta.

CONFIRMATIONS & COUNTERPARTY MANAGEMENT ANALYST MANDATORY SKILLS

• Experience in commodity trading/marketing environment
• Previous exposure and good understanding of commodity trade confirmation processes
• Strong computer skills & proficiency in Microsoft Office, particularly in Outlook, Excel & Word
• Working knowledge with various ETRM platforms (e.g., Egistix, OMS

• Oversee New Counterparty Request process for all commodity counterparties; perform customer set-up and ensure systems of record (trading and enterprise resource planning systems) are kept current with appropriate counterparty data.
• Perform initial Know Your Customer (KYC) screening and maintain ongoing screening, including managing case escalations.
• Coordinate with Vendor Services to request Vendor set-ups in electronic payment system (SAP).
• Collaborate on middle office data cleanup of commodity trading and marketing counterparty data for the full suite of ETRM and ERP systems in advance of the ETRM and ERP system upgrade(s); applicable systems include SAP, Solarc Right Angle, Allegro Horizon, Egistix, and OMS.
• Act as key point of contact for new counterparties as part of a credit card conversion project; perform outreach, due diligence, and onboarding activities as per current Cenovus processes and standards.
• Assist in developing go-forward processes for onboarding and counterparty management for new commercial counterparties.
• Manage daily commodity trade confirmations using a variety of energy trading and risk management systems (ETRM) platforms.
• Ensure trade confirmations are in accordance with commercial contracts, are confirmed within the system of record, and are executed by the appropriate signing authority level (as required).
• Distribute finalized trade confirmations to third parties; review incoming documentation for discrepancies; follow-up with traders, counterparties, and brokers as required.
• Ensure confirmations records retained per corporate policy. Assist with document management filing and organization.
• Comply with internal controls and management system processes. Report potential incidents and breaches.
• Collaborate with the following groups on a regular basis: Trading/Marketing, Contracts, Legal, Credit, Accounting, Treasury, Vendor Services & Risk Compliance.
• Support and respond to internal and external audits.
• Provide excellent customer service to internal stakeholders and external counterparties.
• Contribute to the continuous improvement and enhancement of operational processes and controls.