Commodity Risk Specialist

CenerTech Canada Ltd.; Calgary; On-site; CAD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a Commodity Risk Specialist to enhance their marketing business in North America. This role is pivotal in measuring and reporting commodity risk exposure while implementing robust risk management principles. You will collaborate with various stakeholders to ensure accurate pricing and valuation models, providing insights that drive business objectives. The company promotes a culture of growth and development, offering mentoring programs and training opportunities. Join a dynamic team where your contributions will shape the future of energy and make a significant impact in a global framework.

Benefits

Compressed Work Schedule

Company-paid benefits

Annual Wellness Account

Generous paramedical allowance

Virtual Health Care access

Pension plan

Savings Plan with Company-matching

Paid volunteer days

Volunteer rewards

Sports grants

Qualifications

• 5-10 years of experience in commodity risk management, preferably in oil/energy.
• Advanced Excel skills and experience with ETRM systems are assets.

Responsibilities

• Collaborate with stakeholders for accurate valuation and reporting of transactions.
• Develop pricing models and validate marketing transactions for accuracy.

Skills

Commodity Risk Management

Analytical Skills

Problem Solving

Attention to Detail

Excel

Education

Chartered Financial Analyst (CFA)

Financial Risk Manager (FRM)

Professional Risk Manager (PRM)

Tools

Right Angle

ETRM System

Job description

Welcome to CNOOC International. We are a global energy company and subsidiary of CNOOC Limited with a vision of delivering safe, sustainableenergy for all.

CNOOC International, the international division of CNOOC Limited, is a global energy company with operations in Asia, Africa, the Americas, the Middle East and Europe. Our successful growth as an upstream oil and gas producer has been achieved by consistently finding and developing world-class assets.

Our business is focused on safely exploring and producing from conventional offshore, unconventional and oil sands assets. As part of the CNOOC Group of companies, which span the entire energy supply chain, our size and capability create a competitive advantage that ensures we deliver long-term value.

In Canada, CNOOC International has oil sands assets in Long Lake, located in northern Alberta just south of Fort McMurray, which is a SAGD and partial Upgrader operation with production capacity of 85,000 barrels of bitumen a day. We also have interest in several other oil sands projects, including Hangingstone, operated by Greenfire Resources Operating Corporation and Syncrude’s oil sands mining upgrading facility. Calgary is our regional corporate office for all North America.

CNOOC and You

Your career at CNOOC is about moving forward – learning new skills, broadening experiences, and making meaningful contributions. We encourage and promote work-life balance by allowing you to participate in our Compressed Work Schedule (CWS) that will give youtwo Fridays off per monthand flexible work hours.

In exchange for your dedicated work is atotal rewardspackage that not only recognizes your contribution, but also provides for your family. We offer competitive Company-paidbenefitsthat supportyourmental, physical and financial well-being!

Including an annual Wellness Account, a generous paramedical allowance, and access to a team of Virtual Health Care professionals to guide you to the right medical resource. Save for your future by participating in ourPension planand join ourSavings Planwith Company-matching. We encourage you to further step up for your community by giving you twopaid volunteer days, volunteer rewards and sports grants tosupport causes you are passionate about.

We are seeking aCommodity Risk Specialistto join our growing team inCalgary, Alberta.This dynamic role will be instrumental to support a dynamic and growing marketing business in North America within a global framework including Beijing, Singapore and London offices among others. Reporting to the Senior Manager, Credit & Contracts, Risk Management & Insurance, this position is responsible for measurement, oversight and reporting of commodity risk exposure, implementing sound risk management principles, and rationalizing commodity prices in support of the North America marketing business.

Your Background

• 5 – 10 years experience in a commodity risk management or related role, preferably in the oil/energy industry. Having or working towards a Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Professional Risk Manager (PRM) or other relevant designation would be considered an asset.
• Strong attention to detail with focus on analytics and problem solving. Advanced skills in Excel and other relevant business applications.
• Experience with Right Angle trade capture or other ETRM system is an asset.

Your Role with Our Team

• Collaborate with Front, Middle and Back office stakeholders to ensure accurate valuation, oversight and reporting of commodity transactions.
• Develop and assist with implementation of fit for purpose pricing and valuation models in markets where CNOOC transacts.
• Validate Marketing transactions for accuracy, completeness and market based prices.
• Formulate and report risk exposures (i.e.; positions, mark to market and change drivers, stress testing)
• Assist with development and maintenance of fit for purpose portfolio signals and limits.
• Provide independent and accurate valuations of physical and financial positions, mark to market exposure and performance data.
• Perform quantitative and qualitative analysis as required on current and future pricing. Identify trends that may impact business objectives or present opportunity.
• Analyze internal and external market data to rationalize commodity price movements and their drivers.
• Ensure Marketing compliance with global and regional standards, policies, procedures and program approvals.

The opportunities are limitless when you join our team. Our employees are encouraged to drive their development, enhancing their career through experiences, exposure, and education. Amentoringprogram, on-demande-Learningcourses, and formaltrainingopportunities are all ways in which CNOOC International supports your career growth.

Closing Statement

All positions require background checks which could include:

• Criminal police record check
• Education verification
• Credential verification

About Us

Application Method

This job opportunity requires application at an external source.