Risk Analyst - Gas & Power

at  Suncor Energy

Joining Suncor means you will work for one of the best companies in Canada, providing tremendous future potential where talented people thrive and lead. As our business evolves, so do our employment opportunities. Our work culture includes a dynamic mix of professionals, with a diversity of skills and expertise.
In this role, the successful candidate will report to the Manager, Market Risk Gas & Power and will work within a highly motivated and professional team responsible for overseeing the day-to-day commodity trading activities of the Supply and Trading function. The successful candidate will sit on the trading floor, and will experience the fast paced, exciting environment where multi-million-dollar energy contracts are bought and sold on the markets each day.

Minimum Requirements:

• Four years of experience working in a trading environment (Front or Mid Office position) so that market risk exposures, physical commodity processes and fair value concepts are well understood
• Bachelor Degree in Commerce, Economics, Finance, Engineering, or Mathematics
• Advanced Microsoft Excel skills (complex formulae, macros)
• Strong knowledge of SQL, VBA, Microsoft Power suite of products (Power BI, Power Apps)
• Understanding of Industry leading practices in risk governance process and procedures
• Proficient with analyzing complex sets of data, and problem solve independently
• Highly collaborative with superior networking skills, seasoned judgment, broad business and operational understanding
• Self-starter with ability to influence, persuade and facilitate change
• Risk Management experience in the areas of natural gas or power

Responsibilities:

• Produce, analyze and explain daily profit & loss and exposures for natural gas and power positions on daily basis
• Validate forward price curves and pricing analysis, ensuring data integrity and accuracy
• Work in collaboration with other functions to ensure the Commodity Trading and Risk Management (CTRM) system is properly recording and valuing transactional activities
• Develop strong knowledge of the CTRM and act as Mid Office subject matter expert (SME) maintaining up-to-date documentation on critical procedures
• Focus on process improvements, streamlining the existing processes and crafting robust new ones
• 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
• Recognize and communicate issues arising from trading operations
• Recommend and implement solutions to address issues identified
• Provide ad-hoc analytical support to the front office, back office and risk control teams
• Provide input into the new business proposals to ensure compliance to Risk Management Standard and respective policies and procedures

Location and other Key Details:

• This is an office-based role. You will work out of our Calgary head office, located in the Suncor Energy Centre at 150 – 6th Ave S.W.
• Hours of work are a regular 40-hour work week, Monday to Friday, with the potential for extended work hours based on business needs
• The Gas & Power Risk group follows a U.S. based holiday calendar
• Our business professional roles follow internal compensation guidelines, and the pay band will generally be based years of experience and scope of work

Why Suncor?
Suncor’s operations include oil sands development, production and upgrading; offshore oil and gas; petroleum refining in Canada and the U.S.; and the company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway™, a coast-to-coast network of fast-charging electric vehicle stations). Suncor is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.
With a strong strategy for growth and our long-standing approach to sustainability, operational excellence, capital discipline and technology and innovation, Suncor offers a solid foundation for you to continue building your career. We offer rewarding opportunities for you to learn, contribute and grow in a variety of career-building positions – all of which means tremendous potential for your future. We are focused on deepening our commitment to inclusion and diversity and creating a respectful workplace.
We are an equal opportunity employer and encourage applications from all qualified individuals. We are committed to providing a diverse and inclusive work environment where every employee feels valued and respected. We have numerous employee inclusion networks to help foster an inclusive and respectful culture and drive positive change within Suncor. Current networks include both workplace inclusion networks (focusing on inclusion and respect for all), and identity-focused networks (focusing on building community and a sense of belonging and allyship). Through the Journey of Reconciliation, we are progressing the way we think and act to build greater mutual trust and respect with the Indigenous Peoples in Canada. Please note we will consider accessibility accommodations to applicants upon request

• Produce, analyze and explain daily profit & loss and exposures for natural gas and power positions on daily basis
• Validate forward price curves and pricing analysis, ensuring data integrity and accuracy
• Work in collaboration with other functions to ensure the Commodity Trading and Risk Management (CTRM) system is properly recording and valuing transactional activities
• Develop strong knowledge of the CTRM and act as Mid Office subject matter expert (SME) maintaining up-to-date documentation on critical procedures
• Focus on process improvements, streamlining the existing processes and crafting robust new ones
• 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
• Recognize and communicate issues arising from trading operations
• Recommend and implement solutions to address issues identified
• Provide ad-hoc analytical support to the front office, back office and risk control teams
• Provide input into the new business proposals to ensure compliance to Risk Management Standard and respective policies and procedure