Risk Reporting Analyst
Reference Code: 104861
Location: Canada (CA) -Calgary, AB
Job Category: Accounting/Finance; Marketing/Trading; Risk Management
Employment Type: Employee Full-time
Relocation Eligibility: This position is not eligible for our relocation program
Application Deadline: 06/03/2022
We all need energy. It warms our homes, cooks our food, gives us light, and gets us where we need to go. It also improves our quality of life in countless other ways. At TC Energy, our job is to deliver that energy to millions of people who depend on it across North America. And we take our job very seriously.
Guided by our values of safety, integrity, responsibility and collaboration, we develop and operate our facilities safely, reliably and with care for our impact on the environment. With our presence across the continent, our people play an active role in building strong communities.
We’re proud of how our hard work and commitment sets us apart and benefits society, every day. We’re looking for new team members who share our values and are ready to take on exciting challenges.
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.
The opportunity
Our Risk Reporting Team is evolving the reporting capabilities within our Market Risk group. In this role, you will be actively involved in providing market risk and compliance reporting in support of TC Energy’s power, gas, oil, treasury, and other marketing businesses; the primary focus will be on U.S. power and gas markets. You will be responsible for the development, enhancement and maintenance of various market risk reports and completing various market risk middle office activities, including data validation.
The successful candidate must have working experience of Energy Trading and Risk Management (ETRM) systems and related book structures, price curve validation, and reporting capabilities. The role will appeal to individuals who are comfortable with detailed reporting work and have strong interpersonal and communication skills. This position reports to the Manager, Market Risk Reporting, in the Risk Management group.
What you’ll do
- Perform middle office functions including risk reporting, limit monitoring, and forward price curve validation
- Assure compliance with the company’s established market risk policies and limits through daily risk reporting
- Provide a strong understanding of at-risk analysis (VaR, CFaR, EaR, stress testing and simulations) to measure and monitor risks using analytical tools for physical and financial energy transactions
- Assist in the development, maintenance, testing and implementation of ETRM and other systems to assure accurate, timely and complete information flow and reporting
- Review and approve all physical and financial trading transactions to ensure compliance with relevant Company policies, procedures and controls, reporting anomalies and escalating issues as required
- Foster a cooperative working relationship with front and back office, as well as other internal stakeholders across the organization
- Maintain and update middle office process documentation
- Perform other related duties as assigned
Minimum Qualifications
- At least Bachelor’s degree in Finance, Economics, Mathematics, or related quantitative field
- 6+ years’ related Market Risk work experience in a middle or front-office role, specifically with direct exposure to North American power, natural gas, emissions, and/or crude oil markets
- Well-rounded knowledge of middle and front office functions, especially as it pertains to an energy trading and marketing environment
- Experience performing risk reporting, marketing and trading compliance duties
- Hands on experience with ETRM Systems such as Endur, EKA, etc.
Preferred Qualifications
- Thorough understanding of the fundamental principles of economics, finance, and risk reporting, and various market risk concepts including VaR, P&L, MTM, and exposure
- Knowledge and experience of physical commodities and financial derivative instruments
- Programming and database skills
- Strong decision making and analytical skills as well as excellent organizational skills
- Aptitude to effectively summarize and clearly communicate results, both in writing and verbally, to a wide range of audiences, across all levels of the organization and department areas
- Ability to work independently and as an effective team player on cross-functional teams
- Work cooperatively with both internal and external stakeholders
- Able to work in a fast-paced environment and manage multiple priorities with attention to detail
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.
*LI-Hybrid
Apply now!
Apply to this posting by 06/03/2022 using reference code 104861. You must apply through our jobs system at jobs.tcenergy.com. Only applications submitted through our system will be acknowledged. Applications may be submitted using a mobile device or a desktop / laptop computer.
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.
