Sr Risk Analyst

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.
We are looking for a Quantitative Analyst to join our Risk Management team! This role offers the opportunity to optimize and be creative in automating processes.
You will be responsible to provide quantitative analysis within our risk management department, creating extensive models, computational analyses, and visualization to value structured deals and assess market risk associated with Suncor’s trading operations.

Minimum Requirements:

• University degree in applied mathematics, engineering, mathematical finance, or physics OR equivalent
• Experience with finance principles (P/L, price curves, hedging, financial instruments)
• Experience in the energy market space, including a deep understanding of crude, refined products, natural gas, and power markets as well as spreads, basis, and diffs (time, location, quality)
• Strong background in development of risk analytics, risk metrics, and valuation of non-linear instruments
• Proficiency in Power BI, and Power Apps, and strong programming skills in SQL, VBA, Matlab, and Python
• Deep knowledge of linear algebra, statistics, time series analysis, and econometrics
• The ability to set priorities to meet multiple deadlines with varying urgency
• Creativity to tailor oral and written materials to differing audiences with a focus on delivering concise responses

Responsibilities:

• Develop and deploy risk and market analytics using our automated risk reporting system
• Create Power BI reports to visualize and summarize analytical results and generate KPIs
• Maintain and improve all aspects of the automated market risk system (Inputs, Code, Scripts, Queries, etc.)
• Design, build, and test pricing formula, volatility curves, correlation matrix, VaR models, Scenario & sensitivity analysis
• Direct improvements to our commodity trading and risk management system (CTRM)
• Lead business process automation support project
• Valuation of complex structured deals, asset optionality, and real options
• Create ad-hoc models and reports while ensuring completeness and accuracy
• Implement new metrics with respect to risk and its attribution

Location and other Key Details:

• 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
• You will work in an open trading floor environment
• Your work schedule will mirror US, UK, and/or Canadian trading day environments, which may require working some Canadian holidays with a day taken in lieu

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).
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

• Develop and deploy risk and market analytics using our automated risk reporting system
• Create Power BI reports to visualize and summarize analytical results and generate KPIs
• Maintain and improve all aspects of the automated market risk system (Inputs, Code, Scripts, Queries, etc.)
• Design, build, and test pricing formula, volatility curves, correlation matrix, VaR models, Scenario & sensitivity analysis
• Direct improvements to our commodity trading and risk management system (CTRM)
• Lead business process automation support project
• Valuation of complex structured deals, asset optionality, and real options
• Create ad-hoc models and reports while ensuring completeness and accuracy
• Implement new metrics with respect to risk and its attributio