Sr. Risk Analyst

Petronas Canada; Calgary; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading company in the energy sector is seeking a Sr. Risk Analyst for its Market Risk team in Calgary. This role involves managing market risks related to commodity, FX, and interest rate activities. The ideal candidate will have a strong background in risk management and a passion for driving operational excellence. Join a dynamic team committed to building Canada’s energy future.

Benefits

Flexible work arrangements

Competitive compensation and bonus programs

Top tier benefit package

Support for training and professional development

Qualifications

• Minimum of 5 years’ experience in market risk management.
• Strong understanding of VaR, MTM, position, exposure.
• Advanced proficiency with Microsoft applications.

Responsibilities

• Perform risk analysis for commodity marketing and hedging activities.
• Monitor transaction activity for compliance of trader mandates.
• Develop and maintain quantitative risk models.

Skills

Risk Management

Financial Modeling

Data Analysis

Education

Bachelor’s degree in Finance, Accounting, Economics, or related discipline

CFA, CPA, MBA

Risk Management designation in ERP or FRM

Tools

PowerBI

SQL

Job description

time left to apply End Date: May 26, 2025 (4 days left to apply)

job requisition id R0001691

PETRONAS Canada is one of the largest natural gas resource owners in Canada. We have operations in the Montney play in northeast British Columbia and are a partner in LNG Canada. As part of PETRONAS, a dynamic global energy group with presence in over 100 countries, we are well-positioned to provide global markets with responsibly-developed Canadian energy while supporting local jobs, collaborating with Indigenous communities and protecting the environment.

At PETRONAS Canada, we are committed to building Canada’s energy future – and people are fundamental to our success. We foster a culture of open collaboration and empowerment across our team of skilled professionals, while supporting career development opportunities. To support our growth plans, we are looking for can-do problem solvers to join our team who are innovative and passionate about driving strong safety, operational and sustainability performance in everything we do. Our unique culture and commitment to growth makes the company a great place to build your career.

THE ROLE:

Reporting to the Team Lead, Treasury and Revenue Accounting, the Sr. Risk Analyst, Marketing will become a contributing member of PETRONAS Canada’s Market Risk team. This role will support the daily risk management of PETRONAS Canada’s commodity, FX, and interest rate activities.

PETRONAS Canada is one of the largest natural gas resource owners in Canada. We have operations in the Montney play in northeast British Columbia and are a partner in LNG Canada. As part of PETRONAS, a dynamic global energy group with presence in over 100 countries, we are well-positioned to provide global markets with responsibly-developed Canadian energy while supporting local jobs, collaborating with Indigenous communities and protecting the environment.

At PETRONAS Canada, we are committed to building Canada’s energy future – and people are fundamental to our success. We foster a culture of open collaboration and empowerment across our team of skilled professionals, while supporting career development opportunities. To support our growth plans, we are looking for can-do problem solvers to join our team who are innovative and passionate about driving strong safety, operational and sustainability performance in everything we do. Our unique culture and commitment to growth makes the company a great place to build your career.

THE ROLE:

Reporting to the Team Lead, Treasury and Revenue Accounting, the Sr. Risk Analyst, Marketing will become a contributing member of PETRONAS Canada’s Market Risk team. This role will support the daily risk management of PETRONAS Canada’s commodity, FX, and interest rate activities.

HOW YOU WILL CONTRIBUTE:

• Perform risk analysis for PETRONAS Canada’s commodity related marketing and hedging activities, with a focus on natural gas and NGLs

• Perform reporting of risk exposures, positions, and PnL from physical and derivative trading, explaining day-over-day changes to commercial teams and senior management

• Work closely with commercial teams to perform scenario-based analysis on strategies to determine potential outcomes with respect to exposures, impact on key risk measures, and accomplishing book objectives

• Liaise with front-office and back-office to troubleshoot discrepancies and validate transactional topics (PnL, position, exposure, settlement) and collaborate to review and develop new and existing product and limit requests

• Monitor transaction activity for compliance of trader mandates and limits; investigate anomalies and work collaboratively with front-office to resolve, escalating non-compliance events as required

• Leverage ETRM and Data Warehouse systems to develop and maintain quantitative risk models that report relevant risk metrics for approved trading strategies and promote adherence to PETRONAS Canada’s Market Risk Policy and governance

• Support ETRM development and maintenance, including data management, testing, reporting, and proactively drive enhancement opportunities

• Assist in managing and validating reference data, forward price curves, and internal trader marks

• Proactively lead standardization, efficiency, and automation efforts

• Exercises strong judgment to identify, diagnose, and solve problems within given rules and parameters

• Provide ad-hoc analysis and support for other business areas and audit as required

WHAT YOU BRING:

• Bachelor’s degree in Finance, Accounting, Economics, or related discipline

• CFA, CPA, MBA is preferred

• Risk Management designation in ERP or FRM is an asset

• Minimum of 5 years’ experience in market risk management with a preference for commodity experience in the energy sector

• Strong understanding of and proven ability to explain VaR, MTM, position, exposure and other Risk Management concepts

• Knowledge of industry trends and regulatory requirements for risk reporting

• Understanding of North American physical product flow and energy infrastructure (i.e., Storage, Pipelines, Rail, Fractionation)

• Ability to work autonomously and derive meaningful conclusions to explain book changes in a short period of time

• Advanced proficiency with standard Microsoft applications; preference for experience with PowerBI, SQL, or other coding experience

• Proficient understanding of price risk is preferred (i.e., Fixed Price, Basis, Index)

• Outstanding financial modeling and economic evaluation skills

• Experience using an ETRM system is an asset (with preference for experience with EKA)

WHY YOU SHOULD JOIN OUR TEAM:

• Flexible work arrangements which include a compressed work week with Friday afternoons off and hybrid work options for office-based roles

• Dress for your day - a casual yet professional environment

• Ability to contribute to a dynamic organization with large growth ambitions

• Competitive compensation and bonus programs

• Top tier benefit package, including a generous Health and Wellness Spending Account and Savings Plan

• Making a positive difference in our communities through volunteerism, community support and providing opportunities to those in the areas where we operate

• Annual employee-directed charity donation program

• Support for training and professional development

PETRONAS Canada would like to thank all applicants for their interest in joining our team; however only the candidates selected for interviews will be contacted.

Recruitment fraud alert

We are aware that individuals and organizations claiming to represent or be affiliated with PETRONAS Canada have contacted potential candidates offering unsolicited employment opportunities. These communications are fraudulent.