Manager, Commodity Risk

ATCO EnPower is looking for a Manager Commodity Risk (16month term) to lead commodity risk governance reporting and analysis in support of asset optimization and strategic commercial decisionmaking.

Reporting to the Director Risk& Commodity ManagementtheManager Commodity Risk will play a key role in supporting thedevelopment and implementation of policies and procedures to enable ATCO tomonitorand manage energy market risks in support of the companys asset optimization is the key contributor to developing an effective mid office function drawing onexperienceand understanding of asset and market price dynamics of deal pricing and risk analysis as they pertain to energy Risk Management.

Aidin supporting strategic commercial initiatives through the application of sound risk management position will include direct supervision of risk management supervisory and analytical staff involved in the measurementmonitoringand reporting of commodity risks in ATCOs lines of business.

Term: 16 months Location: Calgary Work style: In Office

Responsibility Area #1 Management

• Act as a key strategic resource to guide the direction and priorities of the Commodity Risk Department
• Develop and own annual department work plans and allocation of staff resources
• Direct staff in the effective governancereportingand analysis of commodity risks
• Conduct ongoing coaching and scheduled performance reviews with staff
• Establish andmaintaineffective working relationships with business units including Energy StorageGenerationandATCOenergy
• Ensure accuracy and timeliness of Commodity Risk reports including open positions profit and loss statistical risk measurements and compliance against risk policies.

Responsibility Area #2 Governance and Controls

• Responsibleto supporttheDirector Risk & Commodity Management inthe development and implementation of sound policies and business practicesin order tomeasure monitorreportand control energy commodity risk
• Track and steward the completion of Internal and External Audit findings related to Commodity Risk
• Support continuous business improvement through assessment of the effectiveness of Commodity Risks process and control environment particularly related to valuation and risk metrics and enhancement of these processes and controls
• Own and develop the Commodity Risk procedures which document the way commodity risk ismonitoredmeasuredand reported
• Implements amendments to the Energy Risk Management Plan ensuring proper application of change controls
• Act as key control resource related to the development and use of Information Technology in asset optimization and risk management activities
• Develop key stress testing and analytical reporting of asset exposures

Responsibility Area #3Risk Reporting

• Oversee ETRM system implementation as it relates to risk reporting ensuring reporting requirements controls andcommitteeleveloutputs are accurately defined and embedded.
• Providereporting and supplementary information necessary for the Energy Risk Management Committee to assess and make decisions related to commodity risk
• Prepare monthly risk reportingpackageforEnergyRisk Management up on action itemsidentifiedby the Committee and coordinate presentation materials for meetings
• Ensure compliance with the Energy Risk Management Plan andrecommendcorrective action asrequired

REQUIRED KNOWLEDGE/SKILLS/ABILITIES:

• Bachelors degree in finance mathematics Economics Statistics Engineering or Accounting
• Minimum 7-10 years of related experience in risk management in a financial or energy marketing/trading environment
• People management experience in a professional environment isrequired
• Hands-on experience in using and configuring risk management systems (ETRMs) would be considered an asset
• Previousexperience in the Electricity/Natural Gas industries is preferred
• Understanding of real option theory and application would be considered an asset
• Sound understanding of Finance and financial concepts
• Demonstrated experience with risk management softwaretoolsand programs
• Ability to lead the development of complex quantitative models and metrics with a strong understanding of mathematics and statistics
• Comprehensive understanding of the Alberta power and natural gas markets and related contracts dealpricingand risk analysis
• Strong understanding in valuing risk within a commodity storage facility
• Strong leadership organizational analyticalverbaland written communication skills
• The successful candidate will have the ability to work independently on a variety of simultaneous projects and effectively operation within a fast-paced and evolving workplace
• Proven ability to work in afast-pacedteam environment to assess risks/rewards and to recommend appropriatecourseof action.

We would like to thank everyone for their application; however only those being considered for an interview will be contacted.

Final candidates will be required to undergo a Security Clearance Check.

ATCO is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race color religion sex national origin disability status protected veteran status sexual orientation gender identity or any other characteristic protected by law.