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Senior Manager, Middle Office & Quantitative Analytics

Irving Oil Ltd.

Saint John

On-site

CAD 100,000 - 150,000

Full time

Today
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Job summary

A leading energy company is looking for a Senior Manager in Middle Office & Quantitative Analytics in Saint John. This role involves leading a team for independent risk oversight of derivative trading, while developing risk reporting tools and methodologies. The ideal candidate will possess strong analytical skills, extensive experience in risk management, and excellent leadership capabilities. Competitive compensation and various benefits are offered, including wellness support and paid vacation.

Benefits

Access to fitness facility
Annual bonus plan
Flexible Benefits Plan
Paid vacation
Wellness support
Paid volunteer day

Qualifications

  • 10+ years experience in risk management or quantitative analytics.
  • Experience with energy commodities and financial derivative markets.
  • 7+ years of leadership experience.

Responsibilities

  • Provide leadership and direction to Middle Office and Quantitative Analytics team.
  • Oversee development, testing, and maintenance of quantitative models.
  • Ensure compliance with internal policies regarding derivative transactions.

Skills

Communication skills
Analytical skills
Relationship management
Project management
Critical thinking
Problem-solving
Collaboration

Education

Masters degree in a quantitative field

Tools

Python
R
C++
Visual Basic
SAS

Job description

Senior Manager, Middle Office & Quantitative Analytics page is loaded

Senior Manager, Middle Office & Quantitative Analytics
Apply locations Saint John time type Full time posted on Posted 30+ Days Ago job requisition id R125739

As the Senior Manager, Middle Office & Quantitative Analytics, you will be responsible to lead the Middle Office team in providing independent risk oversight over all derivative trading programs (e.g. CRM, FX trading, Interest Rate hedging and other structures). You will also lead the Quantitative Analytics team in developing risk reporting tools and valuation methodologies used for market, credit, liquidity, and operational risk measurement. Your goal will be to ensure activity is conducted with transparency and in accordance with our risk management policies. Your success in this role will be your effective team leadership for impactful quantitative model development and decision supports analytics for our organization.

What we offer:

  • Work environment – Work in our beautiful home office building with access to a fitness facility, onsite nurse, and a café

  • Competitive compensation – Includes an annual bonus plan, pension plan, and parking allowance

  • Flexible Benefits Plan – In effect from day one and offers three levels of coverage to select from to meet your unique, personal needs

  • Paid vacation – There is an annual option to purchase additional vacation, too

  • Wellness support – With an annual wellness allowance, paid personal care days and a 24/7 Employee & Family Assistance Program

  • Opportunity to give back to some amazing causes in our community – Choose when and where to make an impact with a paid volunteer day, company volunteer opportunities, and a donation-matching program

Your Responsibilities:

  • Provide leadership and direction to Middle Office and Quantitative Analytics team, including establishing objectives, measuring results, and ensuring employee accountability and development

  • Lead the Quantitative Analytics team, overseeing the development, testing, deployment and maintenance of quantitative models and decision support analytics/tool for internal teams (e.g., Commodity Risk Management, Financial Planning & Analysis, Treasury, Accounting and Middle Office)

  • Lead the Middle Office team, overseeing independent risk management activities over derivative transactions to ensure trading activity complies with internal policies and limits. Middle Office activities include, but are not limited to,forward curve generation, mark-to-market calculation, reconciliation of futures contracts, approval/verification of swap and option contracts and daily risk reporting

  • Balance independent reporting and control responsibilities of the Middle Office team with a business partnering and enabling approach

  • Provide thought leadership on various projects with respect to complex accounting arrangements through research and collaboration with various teams

  • Interact with senior leaders and executives, shape and execute analyses, and prepare clear, concise and compelling presentations

  • Support the Commodity Risk Management Committee (CRMC) and Audit & Finance Committee in fulfilling financial risk oversight and hedge strategy evaluation

  • Assist with Board/Committee reporting, as required

  • Lead development of detailed process and ICRF documentation for the Middle Office and Quantitative Analytics teams, as required

Your Skills:

  • Excellent communication and analytical skills, with ability to clearly articulate complex quantitative analyses and results to ensure messages are easily understood by decision makers

  • Strong people and relationship management skills

  • Project management/leadership skills

  • Demonstrated skills in critical thinking, problem-solving, information sharing and collaboration

  • Ability to influence internal and external stakeholders

Your Experience:

  • 10+ years experience in risk management / quantitative analytics (experience at a commodity, banking, or energy trading company considered an asset)

  • Experience in energy commodities and financial derivative markets

  • 7+ years leadership experience

  • Familiarity in quantitative risk modelling – Value at Risk (VaR), Earnings at Risk (EaR), Cash Flow at Risk (CFaR)

  • Programming experience is considered an asset (Python, R, C++, Visual Basic, SAS, etc.)

  • Masters degree in a quantitative field, e.g. mathematics, statistics,

  • financial engineering, business, is desired but not required

Irving Oil is committed to supporting a diverse and inclusive work environment. We thrive on the good energy that’screated when our people from different backgrounds, identities, cultures and experiences share their unique perspectives.Diversity is key to our success and inclusion is everyone’s responsibility.

Job Requirements - Work Experience

Data Analysis, Management

Job Requirements - Education

Masters

Join our Talent Community

We are always looking for amazing candidates to join our talent community.

If you do not see a position that interests you, please fill in your contact information and upload your resume.

Who we are

As a family-owned company deeply rooted in our communities, we work hard to make a difference in the places we serve. For more than 100 years, our commitment to doing good business has been grounded in our commitment to people – to our employees, to our customers, and to our communities.

Our mission is focused on our continued evolution to meet the changing needs of our customers. We are devoted to being part of the solution, in providing the safe and reliable energy that our customers need, while taking concrete steps to evolve our business for the future.

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