Market Risk Analyst

Cenovus Energy; Calgary; On-site; CAD 70,000 - 110,000; Full time

Job summary

An established industry player seeks a Market Risk Analyst to ensure the accuracy of commodity price data and support trading operations. This role involves collaborating with various teams to deliver precise pricing and streamline reporting processes. The ideal candidate will possess strong analytical skills and a willingness to learn, thriving in a dynamic environment. Join a forward-thinking company committed to sustainable development and employee growth, offering a competitive rewards package and opportunities for career advancement.

Benefits

Competitive total rewards package

Career development opportunities

Diversity and inclusion programs

Qualifications

• Minimum 2 years of analytical experience in Market Risk or Commodity Trading.
• Strong operational knowledge in analytical or visualization tools.

Responsibilities

• Ensure accurate commodity pricing for mark-to-market and exposure reports.
• Advance the use of open source tools and data visualization.

Skills

Analytical Skills

Quantitative Skills

Collaboration

Data Visualization

R

Python

VBA

Power BI

Education

Bachelor's degree in Statistics

Bachelor's degree in Mathematics

Bachelor's degree in Finance

Bachelor's degree in Economics

Bachelor's degree in Computer Science

Bachelor's degree in Geophysics

Bachelor's degree in Engineering

Tools

Commodity Pricing Repository (MarketView)

ETRM applications

Job description

Worker Type: Employee

Job Post End Date: 05/22/2025

About this opportunity:

Reporting to the Manager of Centralized Pricing, the Market Risk Analyst is accountable for ensuring commodity price data accuracy and governance, end-to-end: vendor data, to aggregation method, to ETRM application. Additionally, the Market Risk Analyst is responsible for supporting trading operations for the end of day process and PnL risk reporting. This position plays a key role in the overall control framework and functions of Middle Office (Market Risk) and the multiple commodities that define Cenovus business activities.

The successful candidate possesses a demonstrated willingness to learn, supported by advanced analytical skills, and the ability to collaborate cross-functionally while working in a fast-paced and dynamic environment.

What you’ll do:

• End-to-end delivery of commodity pricing from data provider to aggregation point, and to consuming application (ETRM)

• Accountable for working closely with Front, Middle and Back Office staff to ensure accurate commodity pricing for mark-to-market and exposure reports

• Responsible for adding commodity prices curves and associated referential data for new business activities

• Advance the use and adoption of open source (R/Python) and data visualization tools, data management, reporting, and analytics

• Deliver multi-commodity independent price verification on internal and external market data and create concise explanatory visuals

• Streamline the commodity price reporting portfolio by validating required pricing across Downstream and Finance organizations and consolidate reporting into a visualized format

Who you are:

Our ideal candidate will have the following minimum requirements:

• Legally authorized to work in Canada

• Bachelors degree in a numeric field (Statistics, Mathematics, Finance, Economics/Econometrics, Computer Science, Geophysics, Engineering)

• Minimum 2 years of analytical experience in a role supporting Market Risk, Commodity Trading or Middle Office

• Prior knowledge and use of Commodity Pricing Repository (MarketView) is an asset

• Strong quantitative and analytical skills with operational knowledge in analytical or visualization tools such as R, Python, VBA, and Power Bi.

• Developing proficiency with ETRM and applications.

We acknowledge the value of transferrable skills and may consider equivalent combinations of experience and education should you not meet a specific requirement.

Note: The application deadline for this position is 11:59 PM MT May 21, 2025.

Internal candidates that are currently in a lower grade will be assessed based on their sustained job performance, how they demonstrate the expected organizational competency behaviors and values and in discussions with their current leader prior to determining next steps.

Cenovus was ranked one of Canada’s Best Employers in 2025. We’re committed to being an employer of choice in our industry by offering a competitive total rewards package and employee programs and rewarding career development opportunities. Learn more.

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If you require accessibility assistance to complete the on-line application or otherwise apply for an open position with Cenovus, its subsidiaries and affiliates, please email [e-mail]

Who we are:

We’re an integrated energy company headquartered in Calgary with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. We’re committed to maximizing value by sustainably developing our assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into our business plans.

Find Cenovus on Facebook , X , LinkedIn , YouTube and Instagram.

At Cenovus, we embrace diversity of thought, experience and backgrounds to help us make better business decisions, address our challenges, seize opportunities and unlock innovative solutions. We’re committed to building a diverse, equitable and inclusive workplace where people feel respected, valued and engaged. We strive for a collaborative, physically and psychologically safe environment where you can be yourself, feel a sense of belonging and thrive. For more information, including details on our inclusion and diversity targets and networks, visit Cenovus.com.

The requirements of this posting may be modified to support business needs. Title and compensation administration will be based on the skills and capabilities of the successful incumbent.

Interested in this opportunity? Click the Apply link.

If you are a CURRENT EMPLOYEE please apply by going to our Internal Career Site