Market Analytics Specialist

at  Enmax

Current ENMAX employees are encouraged to apply through their internal Workday access.
Posted: January 17, 2025
Closing Date: February 2, 2025
Position Type: Permanent
Union: Exempt MP
ENMAX Values – Safety, Integrity, Accountability, Service, Teamwork, Agility, Innovation
The Market Analytics Specialist combines advanced modeling skills (statistical/Data/ML) with extensive market knowledge (complex environmental, macro, and microeconomic factors) into actionable intelligence that ENMAX can use to gain strategic advantages and augmented financial outcomes.
This role primarily supports the trading desk, focusing on driving value via optimization and analysis. The individual will drive the supply and demand fundamentals analysis and modeling for the Alberta electricity and North American gas markets to produce meaningful and strategic insights.
Please note: work hours for this role are from 7:00 AM to 4:00 PM to align with the trading hours.

Major responsibilities:

• Subject matter expert on key environmental policies, electricity market regulations and Restructured Energy Market (REM)
• Provide high-quality insights on ad-hoc analysis projects that usually require short turnarounds
• Develop and maintain data science/predictive/valuation models (quantitative and qualitative), tools, and actionable forecasts in support of our trading, optimization, and decision-making activities
• Identify, quantify, validate and backtest commercial and trading alpha drivers and risks through scenario and sensitivity analysis
• Create and maintain a proprietary view for the natural gas and electricity markets to provide internal clients with decision-making information, focusing on driving efficiency through automation of the reporting suite
• Continuously model and evaluate natural gas market fundamentals with a focus on regional markets that impact ENMAX facilities – including but not limited to: natural gas production, demand, storage, basis differentials, pipeline flows, and competitor intelligence
• Grow to a subject matter expert on topics such as influential assumptions about future market behavior, bidding behavior, historical demand and price volatility dynamics, and drivers for change in supply and demand balances
• Accountable for interpreting data and research analysis, constructing a cohesive narrative, and clearly and concisely communicating this information to senior leadership and other internal clients
• Work with management to produce presentations for board meetings or other events as required
• Collaborate with cross functional teams to identify, communicate, and develop solutions for wholesale business issues, processes, and operations

Education required:

• Degree in Engineering, Analytics, Computer Science, Statistics, Finance or other related discipline from an accredited University

Qualifications and experience:

• 5 years related industry and technical experience is required
• Strong understanding of competitive electricity market designs, production cost modeling, and capacity expansion
• Broad knowledge and experience in power and natural gas markets
• Advanced statistical modelling and/or data science skills used to help predict future market outcomes
• Proficiency with Python, Excel, SQL and VBA is required
• Experience with Azure cloud platform for analytics delivery is an asset
• Understanding of project management fundamentals is considered an asset.

Competencies:

• Able to present complex concepts in a clear and concise manner and therefore should have excellent written and verbal communication skills
• A self-starter who is adaptive and detail oriented as well as tenacious, with an interest in the energy market, a passion for data analytics, and a drive to innovate and grow
• Strong individual who can prioritize tasks based on potential commercial impacts, able to meet aggressive deadlines, manage conflicting interests and ever-changing priorities and stay focused
• Yields high-quality insights appropriate for all levels of ENMAX senior management

Did we mention the ENMAX Advantage?
We offer competitive compensation including a comprehensive flexible benefits program, non-downtown location that includes great building amenities such as free onsite fitness facility with programming geared to employee’s needs, onsite childcare centre (upon availability, offered from our ENMAX Place location 141 – 50 Ave. SE), free parking and much more. If you share our values and would like to make a difference with your career, join the team and see where the ENMAX possibilities can take you.
Location: This role will be part of our hybrid (home and office) work force with office workspace located at ENMAX Place (141 - 50th Avenue SE, Calgary, AB). You will work from home on Mondays and Fridays and in the office on Tuesdays, Wednesdays, and Thursdays.

Note:

• If we can provide an accommodation or adjustment to make the process more accessible for you, please let us know. ENMAX welcomes all qualified applicants to apply and is committed to a safe and respectful workplace. It is our aim to have a workplace which is inclusive and values safety, diversity, personal integrity, respect for individual differences, and encourages ownership and accountability for our actions.
• Every ENMAX employee is responsible to take reasonable care to protect the health and safety of themselves, of all other workers, and of the public. Each employee must become familiar with safety procedures and rules applicable to their job and are required to follow them while working at ENMAX.
• Must be legal to work in Canada and requires the successful completion of a criminal background check. Two pieces of valid Government issued ID will be required.

In the spirit of reconciliation, we respectfully acknowledge that we live and work on the traditional lands of Indigenous Peoples. ENMAX headquarters is in Calgary, Alberta, the traditional territory of the Blackfoot Confederacy, comprised of the Siksika, Kainai, Piikani, and Amskapi Piikuni Nations; the Tsuut’ina Nation; and the îyârhe Nakoda Nations of Chiniki, Bearspaw, and Goodstoney, and home to the Métis Nation of Alberta, as well as many diverse Indigenous people who have made the city their home. We are committed to strengthening relationships with Indigenous Nations and peoples in all communities where we operate, through respect and collaboration.
Please visit our
careers page
to learn more about other opportunities at ENMAX Corporation.

• Subject matter expert on key environmental policies, electricity market regulations and Restructured Energy Market (REM)
• Provide high-quality insights on ad-hoc analysis projects that usually require short turnarounds
• Develop and maintain data science/predictive/valuation models (quantitative and qualitative), tools, and actionable forecasts in support of our trading, optimization, and decision-making activities
• Identify, quantify, validate and backtest commercial and trading alpha drivers and risks through scenario and sensitivity analysis
• Create and maintain a proprietary view for the natural gas and electricity markets to provide internal clients with decision-making information, focusing on driving efficiency through automation of the reporting suite
• Continuously model and evaluate natural gas market fundamentals with a focus on regional markets that impact ENMAX facilities – including but not limited to: natural gas production, demand, storage, basis differentials, pipeline flows, and competitor intelligence
• Grow to a subject matter expert on topics such as influential assumptions about future market behavior, bidding behavior, historical demand and price volatility dynamics, and drivers for change in supply and demand balances
• Accountable for interpreting data and research analysis, constructing a cohesive narrative, and clearly and concisely communicating this information to senior leadership and other internal clients
• Work with management to produce presentations for board meetings or other events as required
• Collaborate with cross functional teams to identify, communicate, and develop solutions for wholesale business issues, processes, and operation