Risk Specialist

at  TC Energy

Determined. Imaginative. Curious. If these are some of the ways you describe yourself — we want to learn more about you! At TC Energy, we are Energy Problem Solvers — passionate about transitioning North America to cleaner energy while meeting the energy demands of today and tomorrow. If that sounds like a challenge you want to help tackle, we want you to join our team!
Posting Close Date: September 20, 2024
The Opportunity
Our Market Risk Analytics and Reporting Team is evolving the analytics capabilities within our Risk group. In this role, you will provide quantitative risk analysis in support of TC Energy’s power, gas storage, treasury, and other marketing businesses. You will be responsible for the development, enhancement and maintenance of various market and credit risk models.
The successful candidate must have strong analytical skills in the areas of statistics, theoretical finance, risk analysis, and computer programming. This role will appeal to individuals who are comfortable with detailed analytic work, and have strong quantitative, modeling and communication skills. This position reports into the Manager, Market Risk Analytics and Reporting, in the Risk Management group of Corporate Finance.

What you’ll do

• Develop, maintain, and support quantitative risk models
• Develop tools to report Front-Office exposures, positions, and P&L
• Perform middle office functions including position and limit monitoring, VaR reporting, option portfolio validation; investigate and work with Front-Office to resolve
• Work with ETRM and Data Warehouse systems
• Assist in the development, testing and implementation of ETRM and other systems to assure accurate, timely and complete information flow and reporting
• Develop models to assess market and counterparty related exposures for new business opportunities/proposals, along with documenting such models
• Perform scenario-based analysis on alternative strategies to determine range of potential outcomes with respect to exposures and the impact on various risk measures
• Work collaboratively with the Front-Office business units to analyze and review new product and limit requests
• Assist in managing and validating forward price curves, including forward curve modeling for new commodities and markets
• Provide analytic and quantitative support to Risk Management, and ad hoc risk analysis for other business areas in the organization
• Work with internal and external audit
• Mentor and help develop Risk team members
• Maintain and update middle office process documentation

Minimum Qualifications

• Master’s degree in Finance, Economics, Mathematics, or related quantitative field
• Well-rounded knowledge in finance, economics, mathematics, and computing
• 10+ years’ related Market Risk work experience in a middle office role, specifically with direct exposure to North American power, natural gas and emissions markets
• Strong understanding of the fundamental principles of economic, financial, and commodity and counterparty risk analysis, and various market risk concepts including VaR, stress testing, scenario analysis, P&L, MTM, EaR and exposure
• Demonstrated mathematical and computer skills for complex risk modeling is essential
• Programming and database skills are a must; preferred programming experience includes Matlab, VBA, Power Query and SQL

Preferred Qualifications

• Strong understanding of the Treasury function, including foreign exchange and interest rate products
• Strong quantitative and analytics background, with proven problem solving and model building skills
• Hands on experience with an ETRM system is desired, preferably Endur and/or SAP
• Ability to effectively summarize and clearly communicate results, both in writing and verbally, to a wide range of audiences
• Ability to work independently and as an effective team player on cross-functional teams
• Ability to develop and maintain collaborative working relationships

To remain competitive, support our high-performance culture and allow for more flexibility in the way we work, we offer a hybrid work model and flexible dress code for our eligible office-based workforce in Canada, the U.S. and Mexico. #LI-Hybrid
About our business
TC Energy is a leading energy infrastructure company in North America. We have three complementary businesses of natural gas pipelines, liquids (oil) pipelines, and power generation. Our operations span three countries, seven Canadian provinces, and 34 U.S. states.
TC Energy is an equal opportunity employer.
Learn more
Visit us at TCEnergy.com and connect with us on our social media channels for our latest news, employee stories, community activities, and other updates.

Thank you for choosing TC Energy in your career search.

• Depending on qualifications, the successful candidate may be offered a position at a more appropriate level and/or ladder.
• Applicants must have legal authorization to work in the country in which the position is based with no restrictions.
• All positions require background screening. Some require criminal and/or credit checks to comply with regulations.
• TC Energy is committed to provide employment opportunities to all qualified individuals, without regard to race, religion, age, sex, color, national origin, sexual orientation, gender identity, veteran status, or disability. Accommodation for applicants with disabilities is available on request during the recruitment process. Applicants with disabilities can request accessible formats or communication supports by contacting careers@tcenergy.com.

• Develop, maintain, and support quantitative risk models
• Develop tools to report Front-Office exposures, positions, and P&L
• Perform middle office functions including position and limit monitoring, VaR reporting, option portfolio validation; investigate and work with Front-Office to resolve
• Work with ETRM and Data Warehouse systems
• Assist in the development, testing and implementation of ETRM and other systems to assure accurate, timely and complete information flow and reporting
• Develop models to assess market and counterparty related exposures for new business opportunities/proposals, along with documenting such models
• Perform scenario-based analysis on alternative strategies to determine range of potential outcomes with respect to exposures and the impact on various risk measures
• Work collaboratively with the Front-Office business units to analyze and review new product and limit requests
• Assist in managing and validating forward price curves, including forward curve modeling for new commodities and markets
• Provide analytic and quantitative support to Risk Management, and ad hoc risk analysis for other business areas in the organization
• Work with internal and external audit
• Mentor and help develop Risk team members
• Maintain and update middle office process documentatio