Global Market Risk Manager - Crude Oil

-; Calgary; On-site; CAD 90,000 - 130,000; Full time

Job summary

A leading energy company in Canada is seeking a Global Trading Market Risk Advisor to oversee trading activities and ensure compliance with market risk management policies. The role involves analyzing trading strategies, advising on risk profiles, and leading projects to enhance market risk delivery. Ideal candidates will have a strong background in risk management, financial analysis, and excellent communication skills, with opportunities for career growth within the organization.

Benefits

Career growth opportunities

Networking and mentoring programs

Exceptional benefits program

Continuous learning environment

Qualifications

• 5+ years of experience in financial, energy or chemical risk management.
• Strong analytical skills and knowledge of financial instruments.
• Experience with financial derivatives and risk evaluation techniques.

Responsibilities

• Monitor trading activities for compliance with Market Risk Management policies.
• Independently identify, measure, and report trading gross margin and exposures.
• Evaluate complex transactions and support market risk management strategies.

Skills

Analytical skills

Leadership

Communication

Attention to detail

Education

Bachelor's degree or above in Economics, Finance, Mathematics or Statistics

Tools

Energy Trading & Risk Management systems

Bloomberg Terminal

MetaTrader

Job description

At Imperial, we work every day to responsibly develop Canada's energy resources - applying technology and innovation to supply affordable, accessible and reliable energy while reducing emissions in support of a net-zero future. Imperial recognizes the important role we can play by advancing climate solutions within our operations and by providing lower life-cycle emission products to our customers. This effort is powered by a unique and diverse workforce fueled by a pride in what we do and what we stand for.

The success of our upstream, downstream and chemical, and corporate divisions is the result of the talent, curiosity and drive of our people. They bring solutions every day to optimize our strategy in energy, chemicals, lubricants and lower-emissions technologies.

Imperial honours diverse backgrounds so we can be a place where people can bring their full selves to work, no matter their identity, race, gender, sexual orientation, age, or ability.

At Imperial, we want you to come for the position and stay for the career. As an integrated company, we are uniquely positioned to offer you a wide range of career prospects and growth opportunities through the course of your career with us. We invite you to bring your ideas and help create sustainable solutions that improve quality of life and meet society's evolving needs.

Come be part of Trading at Imperial which has more than 140 year history in Canada and a workforce of 5,500+ total employees. Our offices are located in Calgary, AB

What role you will play in our team

The Global Trading Market Risk Advisor is responsible for monitoring trading activities for compliance with Market Risk Management policies and developing and maintaining tools for Global Trading activities. You will be responsible for independently identifying, measuring, and reporting trading gross margin, exposures, and the market risk of the portfolio of transactions that are executed and owned by the Commercial organization. You will work with a dynamic, global team in a high-visibility role that provides advice to the Commercial organization on risk appetite, risk limit utilization and market risk mitigation strategies, and risk assessments and insights to senior management.

What you will do

Position responsibilities can include:

• Act as Market Risk focal point for front-office and senior stakeholders. Develop strong relationships with Commercial stakeholders and possess deep end-to-end understanding of trading strategies, associated exposures and future growth aspirations for the trade desk supported.
• Show a strong commitment to market risk management principles, including being proactive, transparent, and open to debate with Global Trading as necessary.
• Understand supply and demand fundamentals, including regional/locational price differences, fundamental drivers of changes in these spreads, historical market direction and trends/underlying fundamental causes.
• Independently assess and advise on risk profiles from the trade to portfolio level (e.g., risk reward trade-off, optimization of constrained risk, liquidity, market fundamentals, and market sentiment sensitivities).
• Participate in and/or lead projects that improves the effectiveness of market risk delivery.
• Evaluate complex transactions including calculating Day 1 and other reserves.
• Experience using Energy Trading & Risk Management systems, e.g., Allegro, Endur, Right Angle, etc.
• Show familiarity with trading platforms and tools used for executing trades and analyzing market data, such as Bloomberg Terminal, MetaTrader, or Trading Technologies.
• Show proficiency in quantitative methods such as Monte Carlo simulations, parametric VaR, options modelling (vanilla and exotic), scenario stress testing.
• Participate in and/or lead projects that improves the effectiveness of market risk delivery.
• Take personal ownership in developing and training others to reach full potential (i.e., systems, concepts, process, etc.).

Support Global Trading and Market Risk management in the areas of:
• New and complex trading strategies
• Management of Change support for new activities
• Investigate and report to management on trading limit breaches and abnormal market or exposure movements.

• Support Planning and Stewardship team on month-end close process and bridge to earnings.
• Oversee physical and financial forward curve building process including curve methodology development, process consistency, etc.
• Support systems upgrades and implementations and Trading Market Risk automation projects.

About you

Academic:

• Bachelor's degree or above (Master's, MBA, CFA, or Ph.D.) in Economics, Finance, Mathematics or Statistics


Required Qualifications:

• 5+ years of experience in financial, energy or chemical risk management.
• Attention to detail with a strong process execution focus.
• Strong analytical skills, and knowledge of financial instruments.
• Experience with or knowledge of financial derivatives and risk evaluation and management techniques.
• Strong leadership, communications skills, and presence in discussions with senior management.
• Good understanding of decision analysis techniques, statistical modelling and comfort with modelling issues involving risk and uncertainty.
• Advanced financial and risk analysis capabilities.

Preferred Qualifications:

• Experience with Python/SQL
• High level of Excel proficiency
• Familiarity with trade capture and nomination / scheduling systems

Your benefits

• A company committed to career growth - we recruit those who are interested in a career with Imperial and prefer to develop and promote people from within. Our career management process means that you will likely perform a number of unique, challenging roles during your career.
• Successful networking and mentoring programs - enables you to spend time with managers from across the organization to learn about other departments and opportunities. Also allows you to connect with peers at a similar experience level.
• Commitment to safety, ethics & continuous improvement - these standards are the reason Imperial is an industry leader. You will work for a company that upholds safety and ethics ideals and continues to seek out ways to improve.
• Exceptional benefits program - includes competitive savings, retirement, and healthcare plans that you can customize to meet your individual needs. A comprehensive relocation package is provided, if required. Educational and physical fitness financial assistance programs round out our benefits package.
• Continuous learning environment - encourages you to augment your skills and capabilities.
• If you are talented, driven, and want to make meaningful contributions that really impact environmental, safety and bottom line objectives, then you owe it to yourself to apply with Imperial.

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Imperial is an Equal Opportunity Employer. Imperial is committed to providing equitable treatment and equal opportunity to all individuals and encourages all eligible applicants to apply.

Imperial conducts business in a manner that respects the land, environment, rights and cultures of Indigenous communities. In the areas where we explore, develop and operate, Imperial engages Indigenous communities in open and forthright consultation and strives to establish meaningful relationships built on mutual trust and respect. Please see here for more information on Imperial's Indigenous Relations Guiding Principles and Guidelines.

Imperial is committed to supporting persons with disabilities throughout the recruitment process. We will work with qualified applicants to provide reasonable accommodation upon request at [e-mail] .

Eligibility to work in Canada:
All applicants who receive an offer of employment must be eligible to work in Canada on a regular full-time basis without restrictions on their start date. Proof of eligibility shall be in the form of a Canadian birth certificate, Canadian passport, Canadian citizenship certificate, Canadian certificate of permanent residence, Canadian open work permit or receipt from Immigration Canada of an application for a post-graduate work permit.

Proof of eligibility must be current and valid (not expired, cancelled or voided). Proof of eligibility will be required if an offer of employment is made. Failure to provide proof of eligibility at least six (6) weeks prior to the start date may result in the offer of employment being rescinded.

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