AltaGas - Risk Analyst

Oil Authority; Calgary; On-site; CAD 75,000 - 110,000; Full time

Job summary

AltaGas is seeking an Analyst, Market Risk to join the Enterprise Risk Management team in Calgary. You will support commodity risk management activities, develop dashboards and reports, and liaise with front- and back-office teams to ensure governance and accuracy in risk exposure measurements.

The role emphasizes risk reporting, data analysis, and continuous improvement of risk management practices within a dynamic energy trading environment.

Qualifications

• Bachelor’s degree in quantitative or business discipline such as Economics, Statistics, Finance, Accounting, or a related field.
• 1–3 years of experience in a Front or Middle Office role; energy marketing exposure is a plus.
• Knowledge of commodity pricing, deal valuation, deal life cycle and energy markets.
• Experience with risk modeling techniques including VaR, GMaR, back-testing and stress scenarios.
• Advanced Excel, Power BI and SQL skills; programming experience is a plus.

Responsibilities

• Process pricing or transactional data using ETRM systems and review activity for governance.
• Collaborate with commercial, operations, finance, treasury, IT and audit to manage exposures.
• Run routine commodity risk reports and prepare presentation materials.
• Develop reports, dashboards and visualizations to analyze pricing, position, exposure and P&L.
• Validate commercial activity outcomes and communicate market risk movements to the Market Risk lead.
• Support data configuration in Allegro ETRM and assist with upgrades and enhancements.

Job description

Job Description

AltaGas - Risk Analyst

We are growing and seeking an Analyst, Market Risk, to join our Enterprise Risk Management department. The successful candidate will bring analytical aptitude and a learning mindset to further develop their energy marketing and commodity risk management acumen while simultaneously contributing to continuous improvement of risk reporting activities and ETRM initiatives. This role will support the Senior Manager, Market Risk by ensuring compliance of commodity risk activities, performing commodity risk reporting, enhancing day-to-day operating practices, and acting as a key liaison with Front-office and Back-office personnel across the organization.

You Will:

• Leverage ETRM systems and other technologies to process pricing or transactional data and review commercial activity to ensure compliance with Commodity Risk Management governance
• Work collaboratively with various teams (commercial, operations, finance, treasury, IT, audit) on existing and prospective opportunities to uphold governance, resolve discrepancies, and provide guidance with respect to exposures and impacts on key risk measures
• Perform AltaGas’ Commodity Risk Management activities, including running routine risk reports and preparing presentation materials
• Develop and utilize reports, dashboards and visualization tools to perform analysis and reconciliation of pricing, position, exposure, P&L, and GMaR
• Perform independent validation of commercial activity outcomes and effectively communicate market risk movements and drivers to the Senior Manager, Market Risk
• Advocate for Market Risk while developing strong collaborative relationships with commercial teams, accounting teams, and treasury
• Support reference data configuration and maintenance in the Allegro ETRM as well as system upgrades/implementations, and enhancement opportunities
• Provide cross coverage across multiple commodities and complete ad-hoc requests for pricing, commodity risk management support, and AltaGas initiatives
• Contribute to continuous improvement initiatives and embody a culture of accountability that challenges the status quo

You Have:

• Legal authorization to work in Canada on a permanent basis
• Bachelor's degree in quantitative or business discipline such as Economics, Statistics, Finance, Accounting, or a related field
• 1 to 3 years of experience in a Front or Middle Office role; energy marketing experience with direct exposure to NGL, crude oil, or natural gas markets is an asset
• Knowledge of commodity pricing, deal valuation, deal life cycle and energy commodity markets
• Experience with market risk modeling techniques including option models, volatility measures, VaR, GMaR, back-testing, and stress scenarios
• Attention to detail and strong problem-solving skills
• Strong communication skills to explain complex concepts concisely
• Self-starter and continuous learning mindset to develop on the job and manage multiple priorities while delivering accurate work
• Familiarity with ETRM systems; experience with Allegro Horizon is a strong asset
• Advanced skills in Excel and other business applications such as Power BI and SQL
• Proficiency with programming languages is desirable

#LI-KG1

For Canadian hires AltaGas hires personnel on the basis of job-related qualifications. All qualified applicants will receive consideration without regard to a person's ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity or expression, age, record of offences, marital status, family status or disability or any other characteristic protected by applicable law.

For U.S. hires WGL/SEMCO/AltaGas offers a total rewards package that includes competitive pay, incentive bonus plans, holiday pay, 401K matching and a wide array of benefits. These benefits including medical, dental and vision coverage are designed to help you and your family stay healthy. We also have paid time off (PTO) to balance the demands of your work and personal life. Available benefits vary depending on the specifics of the role.

U.S. affiliates of AltaGas are committed to equal employment opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. We value and encourage diversity and solicit applications from all qualified applicants without regard to race, ethnicity, religion, gender, age, national origin, marital status, sexual orientation, gender identity, family responsibilities, matriculation, physical or mental disabilities, political affiliation, genetic information, status as a protected veteran or any other characteristic protected by federal, state, or local law.