Global Market Risk Manager - Crude Oil

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

Job summary

A leading company in the oil and gas industry is seeking a Market Risk Advisor to oversee trading activities and ensure compliance with risk management policies. The ideal candidate will have a strong background in risk evaluation, analytical skills, and experience in financial derivatives. This role offers a unique opportunity to contribute to market strategies and engage with senior management in Calgary, AB.

Qualifications

• 5+ years in financial, energy, or chemical risk management.
• Strong analytical skills and experience with financial derivatives.
• Knowledge of decision analysis and statistical modeling.

Responsibilities

• Monitor trading activities for compliance with Market Risk Management policies.
• Develop tools for trading activities and assess market risks.
• Lead projects to improve market risk delivery effectiveness.

Skills

Analytical skills

Leadership

Communication

Stakeholder engagement

Risk evaluation techniques

Education

Bachelor’s degree in Economics, Finance, Mathematics, or Statistics

Master’s, MBA, CFA, or Ph.D.

Tools

Python

SQL

Excel

Job description

Join to apply for the Market Risk Advisor - Canada Crude Oil role at Imperial Oil

About Imperial Oil

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. We recognize the importance of advancing climate solutions within our operations and providing lower life-cycle emission products to our customers. Our diverse workforce is driven by pride in our work and our values.

Our Team and Culture

Imperial’s success across its divisions is powered by talented, curious, and driven people who bring solutions to optimize our energy, chemicals, lubricants, and lower-emissions technologies. We value diversity and inclusion, fostering an environment where everyone can bring their full selves to work.

Career Opportunities

We offer a range of career prospects and growth opportunities, encouraging innovation and development through internal promotions and mentoring programs. Our commitment to safety, ethics, and continuous improvement is integral to our operations.

Location

Our offices are located in Calgary, AB, supporting a workforce of over 5,500 employees with a history spanning more than 140 years in Canada.

Role Overview

The Global Trading Market Risk Advisor is responsible for monitoring trading activities for compliance with Market Risk Management policies, developing tools for trading activities, and independently assessing and reporting on market risks associated with trading transactions. The role involves working with a global team, advising on risk appetite, limits, mitigation strategies, and providing insights to senior management.

Key Responsibilities

1. Act as Market Risk focal point for front-office and senior stakeholders, developing strong relationships and understanding trading strategies and exposures.
2. Promote market risk management principles, ensuring transparency and proactive risk assessment.
3. Understand supply and demand fundamentals, regional price differences, and market trends.
4. Assess and advise on risk profiles at various levels, including risk-reward trade-offs and market sensitivities.
5. Lead projects to improve market risk delivery effectiveness.
6. Evaluate complex transactions, including reserves calculations.
7. Utilize Energy Trading & Risk Management systems and trading platforms for analysis and execution.
8. Apply quantitative methods such as Monte Carlo simulations, VaR, and scenario stress testing.
9. Develop and train team members to enhance capabilities.
10. Support global trading and risk management in new strategies, limit management, and market analysis.

Qualifications

• Bachelor’s degree or higher in Economics, Finance, Mathematics, or Statistics; Master’s, MBA, CFA, or Ph.D. preferred.
• 5+ years in financial, energy, or chemical risk management.
• Strong analytical skills, experience with financial derivatives, and risk evaluation techniques.
• Excellent leadership, communication, and stakeholder engagement skills.
• Knowledge of decision analysis, statistical modeling, and risk/uncertainty modeling.
• Proficiency in Python/SQL, Excel, and familiarity with trading systems is preferred.

Additional Information

• Location: Calgary, AB
• Employment type: Full-time
• Seniority level: Mid-Senior level
• Industries: Oil and Gas

Imperial is an equal opportunity employer committed to diversity, safety, and community engagement. We support applicants with disabilities and provide accommodations upon request. Applicants must be eligible to work in Canada.