Sr. Specialist, Market Risk

A little about Capital Power

Capital Power (TSX: CPX) is dedicated toPowering Change by Changing Power. This north star guides our ambitions focus and actions as we transform our energy system. Were a growth-oriented North American energy company headquartered in Edmonton Alberta. Our team safely delivers builds and creates balanced energy solutions for customers across North America.

Our people are at the core of our journey to deliver reliable affordable and lower-carbon power solutions. We provide purpose-driven work in a safe and inclusive environment and we live by our North Star. With us your contributions matter we want you to be empowered to innovate collaborate and ultimately drive results. Were here to partner with you so you can learn grow and forge a career thats meaningful to you. Join us in powering North America!

The Senior Specialist Market Risk role within Capital Powers middle office provides independent analysis and oversight of market risk exposures across power natural gas and environmental portfolios. The role evaluates trading and hedging strategies governs price curves and valuation methodologies and develops and executes market risk analytics including VaR stress testing scenario analysis and assessment of nonlinear exposures.

The position supports new product approvals and complex structured transactions through development and validation of valuation methods risk models and exposures and monitors risk limits and escalation processes. Through strong model validation analytical insight and risk reporting the role delivers clear defensible risk insights to support effective decision making and the continued development of the Market Risk function.

As part of a rapidly growing team the successful candidate will demonstrate flexibility and a desire to contribute to wider team growth and development.

Key Accountabilities:

• Strategy analysis: Prospectively analyze and validate trading and hedging strategies proposed by Front Office to ensure consistency with approved risk management objectives and the firms risk profile.

• Valuation and curve oversight: Ensure appropriate price curves and valuation methodologies are in place for all new deals strategies and structured transactions; validate valuation and exposures of proposed structured transactions and prepare supporting risk analysis as required.

• Hedge effectiveness analysis: Perform periodic retrospective analysis to assess the effectiveness of authorized hedging strategies and evaluate whether intended risk management outcomes are being achieved.

• Risk quantification and analytics: Develop maintain and execute market risk analytics including ValueatRisk stress testing backtesting scenario analysis sensitivities and assessment of nonlinear portfolio exposures.

• Risk limit monitoring: Execute an ongoing process to review portfolio exposures against approved market risk limits investigate and escalate breaches and produce exception reporting.

• Model development and validation: Develop and validate pricing and risk methodologies for new complex or illiquid instruments (including marktomodel approaches) and generation and storage assets; provide ongoing governance and independent validation of valuation and risk models inputs and assumptions.

Education:

• Post-secondary degree in Finance Economics Mathematics Engineering or a related field.

• Advanced degree (e.g. Masters PhD) or professional designation (e.g. CFA FRM PRM) is an asset.

Experience:

• 5 years in market risk quantitative analysis or related middle office roles within trading commodities or financial services.

• Hands-on experience with risk quantification models (e.g. VaR) stress testing and back testing.

• Exposure to valuation of complex and structured transactions options modeling and risk limit monitoring.

• Experience developing and validating pricing and risk models.

• Experience analyzing market risk valuation and trading strategies in power natural gas and/or environmental markets (e.g. WECC PJM ERCOT AESO).

• Familiarity with risk management of generation and storage assets.

Technical Skills:

• Proficiency with risk management systems and analytical tools (e.g. ETRM Excel Python R MATLAB).

• Advanced knowledge of market risk metrics (VaR stress testing back testing).

• Strong quantitative modeling skills including options valuation price curve modeling and mark-to-model techniques.

• Ability to develop maintain and validate risk and valuation models.

• Data analysis and risk reporting (preparing risk reports exception reports).

• Familiarity with power market data price curves and valuation models specific to regional markets (e.g. WECC).

• Ability to interpret and model market-specific risk metrics and exposures.

• Skilled in simulating dispatch operational constraints and market exposures for generation and storage assets and asset-related contracts.

Working Conditions:

• Office environment

• Location: Calgary AB

• Minimal travel required

How To Apply and Next Steps

Capital Power only accepts resumes via online application at If you choose to submit your resume by any other means we cannot guarantee that your application will be considered for vacancies.

Applicants with disabilities who require a reasonable accommodation to complete their application can request accessible formats communication support or other accessibility assistance by contacting.

Capital Power is committed to providing a fair and transparent hiring process. We recognize and embrace the value of diversity and hire employees with the appropriate skills experience and knowledge for each position.

Thank you for taking the time to apply and expressing interest in powering a sustainable future with Capital Power! We wish that we could personally respond to everyone who applies; however it is our practice to contact only those individuals selected for interviews.