Sr Advisor, Commodity Market Risk

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At Enbridge, our core values of safety, integrity, respect, and inclusion drive our mission to support and improve the communities in which we live and work. We put people first and strive to make our communities better places!

Our Senior Advisor Commodity Market Risk will lead reporting deliverables producing timely and accurate daily risk reports, analyzing day over day change in Mark to Market (MTM), at-risk metrics (VaR), and open positions for North American commodity (power, natural gas, crude oil and NGLs) trading activities. In addition, our newest team member will ensure risk policy limits and procedures are employed and within compliance.

Do you have coding experience with Python, SQL or other Business Intelligence applications? Or a quantitative background in statistics and experience working with VaR/GMaR models? If so, then we encourage you to express interest in this outstanding opportunity!

We offer opportunities for career development, growing your knowledge and skills, and an exciting career with competitive benefits and pension package including generous time off.

Apply today to this excellent opportunity on our diverse team! #joinourteam

• Responsible for leading the risk management analysis, monitoring, & reporting for Enbridge & Tidal Energy’s North American commodity (power focused) trading activities including Value-At-Risk (VaR), open positions, valuation controls, MTM valuation, including daily management explanations on applicable metrics and limits.

• Project work developing new reporting tools, process automation & data visualizations of risk metrics.

• Expand risk team capabilities such as risk reporting development, stress testing, VaR &/or other sophisticated scenario analysis (including VaR simulations) to support risk metrics and ad-hoc requests.

• Analyze greeks for effective PNL decomposition & related data to build meaningful daily market risk explanations applicable to a broad range of audiences.

• Perform OpenLink superuser/SME role for Power (and other commodities) including electricity module deal modelling for transaction types such as power options, full requirements, RECs, capacity, & interjurisdictional transactions.

• Improve valuation controls & processes for price curve accuracy & validation, implementing standard process controls which source internal & external reporting results; including calculating illiquid node differentials, hourly shaping & pricing scalars for non-standard power transactions.

• Accountable for troubleshooting a variety of transactions in the ETRM. Identify system enhancement requirements, review valuation, enhance &/or develop deal modelling processes & data flows from front to back to ensure accuracy and integrity.

• Evaluate new business strategies & ensure all material market risk is identified, captured & quantified.

• Monitor and report Policy non-compliance events relative to applicable prescribed commercial Policy limits.

• Ensure the documentation & integrity of procedures for new or existing processes are maintained & generated.

• Support and maintain SOX requirements & documentation and keep up to date on industry & training requirements applicable to role.
  

• Undergraduate degree or equivalent experience in economics, finance, or applied sciences.

• 6+ years of in-depth experience in power (preferred), natural gas, &/or crude oil markets in risk management

• Intermediate coding experience in Python, SQL, & Business Intelligence apps (Power BI is preferred).

• Experienced in performing risk control processes, including the development, monitoring, & enforcing of market risk limits, daily risk reporting of commodity MTM, VaR and positions.

• Quantitative background with a strong understanding of probabilities & statistics with the ability to perform scenario stress testing & analysis, back testing of strategies & trading portfolio decomposition of risk.

• Strong understanding of modern VaR, GMaR and options valuation methodologies

• Excellent written & oral communication skills to work effectively with others; ability to explain financial models in operational terms.

• Thrives in a dynamic, collaborative working team environment involving daily tasks, project work & new product development.

• Experience in the design of risk metrics & controls to manage cash month price risks.

• Experience reviewing large pricing data history, creating, & identifying valuable visualizations/insights for decision makers.

• Technical experience troubleshooting transactions in Openlink/Endur or similar energy trading & risk management systems (ETRM) across the transaction life cycle.
  

• OpenLink experience is a strong asset

• CFA, MBA, CA, or other related designation is an asset. Risk Management designations in ERP or FRM are also an asset.

• Ability to analyze power LMP/congestion settlement & external forward pricing sources, make price curve recommendations or valuation enhancements.

• Power markets experience including an understanding of commonly used trading strategies, FTRs, hourly pricing scalars, capacity, RECs, fixed block utility auctions full requirements & spark spread / heat rate transactions.

• Experience in PJM, MISO, NYISO, ISO-NE, ERCOT, SPP, IESO &/or AESO power markets; ISO specific market regulations & requirements for physical or financial transactions.

• Strong understanding of cash month wholesale power markets & associated financial products (ex., FTRs, Virtuals, increment / decrements), ancillary service products & physical power trading strategies.
  

• Office Environment

• Occasional Travel

• Enbridge provides competitive workplace programs that differentiate us and offer flexibility to our team members. Enbridge’s FlexWork (Hybrid Work Model) offers eligible employees the opportunity to work variable daily schedules with a flexible start and end time, to opt for a compressed workweek schedule, and the option to work from home on Wednesdays and Fridays. Role requirements determine your eligibility for each option or combination of options. #LI-Hybrid #topemployer
  

Grasping, kneeling, light - moderate lifting (objects up to 20 pounds), reaching above shoulder, repetitive motion, typing, sitting, standing, visual requirement (able to see screens, detect color coding, read fine print), hearing requirement and the ability to sit at a computer for long periods of time.

Ability to: understand, remember and apply oral and/or written instructions or other information, understand complex problems and collaborate/explore alternative solutions, organize thoughts and ideas into understandable terminology, organize and prioritize work schedule on a short-term basis, make decisions which have moderate impact on the immediate work unit and monitor impact outside this area, understand and follow basic instructions and guidelines, complete routine forms, compose letters, outlines, memoranda and basic reports and communicate with individuals via telephone.

Diversity and inclusion are important to us. Enbridge is an Equal Opportunity and Affirmative Action Employer. We are committed to providing employment opportunities to all qualified individuals, without regard to age, race, color, national or ethnic origin, religion, sex, sexual orientation, gender identity or expression, marital status, family status, veteran status, Indigenous/Native American status, or disability. Applicants with disabilities can request accessible formats, communication supports, or other accessibility assistance by contacting careers@enbridge.com.

Information For Applicants:

• Applications can be submitted via our online recruiting system only.
• We appreciate your interest in working with us; however, only those applicants selected for interviews will be contacted.
• Final candidates for this position may be required to undergo a security screening, including a criminal records check.

To learn more about us, visit www.enbridge.com