Senior Manager, Middle Office & Quantitative Analytics, Irving Oil

Odgers Berndtson; Saint John; On-site; CAD 110,000 - 150,000; Full time

Job summary

A leading energy company in Saint John, New Brunswick is seeking a Senior Manager, Middle Office & Quantitative Analytics to lead teams in independent risk oversight over derivative trading programs. The ideal candidate will have over 10 years’ experience in risk management and strong leadership skills. This role involves developing quantitative models and ensuring compliance with risk management policies and processes.

Qualifications

• 10+ years’ experience in risk management or quantitative analytics.
• Experience in energy commodities and derivative markets.
• 7+ years leadership experience.
• Familiarity with quantitative risk modelling methods like VaR.

Responsibilities

• Lead the Middle Office and Quantitative Analytics teams.
• Develop and maintain quantitative models and decision tools.
• Oversee risk management activities for derivative transactions.
• Ensure compliance with internal policies and limits.

Skills

Leadership

Quantitative Analysis

Communication

Project Management

Education

Masters degree in a quantitative field

Tools

Python

R

C++

SAS

Job description

Overview

About Irving Oil

Position Overview

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 support analytics for our organization.

Reporting: Direct report to the Director, Governance, Planning and Risk

Location: Saint John, New Brunswick

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 Finance Committee in fulfilling financial risk oversight and hedge strategy evaluation
• Assist with Board / Committee reporting, as required
• Lead development of detailed process and ICFR documentation for the Middle Office and Quantitative Analytics teams, as required

Candidate Profile

Education and 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

Professional Experience

• 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

Success Factors

• Growth-oriented and commercially savvy.
• Authentic, inclusive, and empowering leadership style.
• Highly articulate with strong interpersonal and relationship-building skills.
• Strategic thinker with a bias for action and accountability.
• High integrity, ethical conduct, and transparency in decision-making.
• Resilient and energized by challenge, change, and innovation.

Equity, Diversity, and Inclusion

Irving Oil is an equal opportunity employer and is committed to providing a fair and equitable work environment and encourages applications from equity-seeking and sovereignty-seeking communities. In accordance with the Accessible Canada Act, 2019 and all applicable provincial accessibility standards, upon request, accommodation will be provided by Irving Oil throughout the recruitment, selection and / or assessment process to applicants with disabilities.

Odgers is deeply committed to diversity, equity and inclusion in all the work that we do. As part of our efforts to better understand our ability to reach as broad a pool of candidates as possible for our searches, our DEI team would like to encourage you to take a moment and access our DEI resources.