Risk Analyst - Commodity Risk

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

Job summary

Join a forward-thinking company as a Risk Analyst in Calgary, where your expertise in commodity risk management will be pivotal. This role involves analyzing daily risk reports, ensuring compliance with governance policies, and collaborating with global teams to support trading activities. You'll thrive in a culture that values diversity and inclusion, while contributing to significant growth initiatives in energy markets. With Suncor's commitment to sustainability and innovation, you have the opportunity to build a rewarding career in a dynamic environment that fosters professional development and personal growth.

Qualifications

• 3+ years of experience in Commodity trading roles.
• Strong understanding of risk management and trading cycles.

Responsibilities

• Analyze and publish daily risk management exposure reports.
• Administer risk governance policies and ensure compliance.
• Support growth initiatives and collaborate with global teams.

Skills

Commodity Risk Management

Communication Skills

Data Analysis

Understanding of Derivatives

Risk Governance

Financial Reporting

Education

University Degree in Business

University Degree in Economics

University Degree in Finance

University Degree in Accounting

University Degree in Mathematics

University Degree in Computer Science

Job description

Joining Suncor means you will work for one of the best companies in Canada, providing tremendous future potential where talented people thrive and lead. As our business evolves, so do our employment opportunities. Our work culture includes a dynamic mix of professionals, with a diversity of skills and expertise.

Our Supply, Trading and Optimization group is Suncor’s face to energy commodity markets and is expanding the current crude, refined products, natural gas, power and environmental products trading platform with a focus on enhancing the optimization and trading activities supporting a significant and growing international footprint. Currently, Suncor has Supply, Trading and Optimization offices in Calgary, London, and Houston.

We are looking for an individual with Middle Office and Commodity Risk Management experience in crude, refined products, or LPG to join our global Middle Office Risk team based in Calgary, AB Canada. The Risk Analyst – Commodity Risk role plays a critical part in ensuring our commodities supply and trading activity is conducted with transparency and falls in line with our Risk Management framework and associated policies.

Minimum Requirements:

• Three years of relevant experience, preferably in Commodity trading (Front, Middle, or Back Office capacity).
• Good understanding of commodity risk management, including derivatives, physical crude and refined product markets, trading cycle, risk metrics (VAR, Stop Loss, Stress Testing)
• Solid understanding of industry leading practices in risk governance process and procedures
• Excellent communication skills, with demonstrated ability to operate across stakeholders, within a global team, and independently
• Understanding of derivative regulatory and compliance environments
• Proven ability to build an overall framework to support higher level commodity risk management initiatives
• Able to quickly read, interpret, and synthesize complex data and translate into effective communication medium to all levels of the organization, collaborating effectively within and across functions
• Ability to remain independent and objective with respect to Front Office expectations
• University Degree, preferably Business, Economics, Finance, Accounting, Mathematics or Computer Science

Responsibilities:

• Analyze and publish the daily risk management exposure reports, profit and loss (P&L) reports, and other related reporting requirements for our North America crude trading activity
• Deliver high quality, insightful, value added, and automated management information
• Bring transparency to deal structures and explain financial impacts in operational terms
• Provide independent understanding of trading strategies to identify/raise and mitigate financial, operational & reputational risk related to new or existing activities
• Administer risk governance policies and standards as part of the control program supporting the supply and trading business, while ensuring all trading activity complies with internal and external policies and limits
• Support specific product lines as the main day-to-day risk function contact with strong global connectivity to our Calgary, London and Houston teams.
• Support regional and global process standardization and continuous improvement initiatives
• Collaborate with commercial and other functions to support the significant growth of new business initiatives
• Balance independent reporting and control duties with a business partnering and commercial enabling approach
• Perform other duties include extensive cross-functional project work, audit support, working capital analysis, and reconciliation with IFRS Accounting & Reporting results
• Demonstrate deep understanding of physical and financial energy markets in respective commodity area

Location and other key details:

• You will work out of our Calgary office, located Suncor Energy Center 150 – 5 Ave S.W.
• This is an office based role, hours of work are a regular 40-hour work week, Monday to Friday, with the potential for extended work hours based on business needs

Why Suncor?

Suncor's operations include oil sands development, production and upgrading; offshore oil and gas; petroleum refining in Canada and the U.S.; and the company's Petro-Canada retail and wholesale distribution networks (including Canada's Electric Highway, a coast-to-coast network of fast-charging electric vehicle stations).

With a strong strategy for growth and our long-standing approach to sustainability, operational excellence, capital discipline and technology and innovation, Suncor offers a solid foundation for you to continue building your career. We offer rewarding opportunities for you to learn, contribute and grow in a variety of career-building positions – all of which means tremendous potential for your future. We are focused on deepening our commitment to inclusion and diversity and creating a respectful workplace.

We are an equal opportunity employer and encourage applications from all qualified individuals. We are committed to providing a diverse and inclusive work environment where every employee feels valued and respected. We have numerous employee inclusion networks to help foster an inclusive and respectful culture and drive positive change within Suncor. Current networks include both workplace inclusion networks (focusing on inclusion and respect for all), and identity-focused networks (focusing on building community and a sense of belonging and allyship). Through the Journey of Reconciliation, we are progressing the way we think and act to build greater mutual trust and respect with the Indigenous Peoples in Canada. Please note we will consider accessibility accommodations to applicants upon request.