Manager Quantitative Commodity Market Risk

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Employee Type:

We are looking for a Manager Quantitative Commodity Market Risk who will be accountable for the daily risk reporting function to deliver timely accurate and decisionuseful insights including analysis of dayoverday changes in MarktoMarket (MTM) ValueatRisk (VaR) atrisk metrics and open positions in North American commodity markets (power natural gas crude oil and natural gas liquids).

We offer opportunities for growth increasing your knowledge and skills and an exciting career filled with competitive benefits and pension package including generous time off.

Wed love to hear from you! Apply today for this extraordinary opportunity with Enbridge!

What You Will Do:

• Leadership over VaR model accuracy P&L decomposition and endtoend FEA VaR integrity ensuring robust data connectivity validation explainability effective vendor management and scalable expansion across portfolios commodities and business lines with clear enterprisewide risk communication.

• Lead market risk assessments for new business initiatives ensuring risks are fully captured and documented to support senior management approval processes.

• Direct accountability for the risk teams analysis monitoring & reporting function for multiple North American commodity trading activities including VaR open positions valuation controls MTM valuation including daily management explanations on applicable metrics and limits

• Lead endtoend project delivery for new risk reporting tools advancing process automation (including Python coded processes development) and highvalue data visualizations (Power BI).

• Expand risk team capabilities such as risk reporting development stress testing &/or other complex scenario analysis (including VaR simulations) to support risk metrics and ad hoc requests.

• Drive continuous improvement of valuation controls and price curve validation and technical maintenance embedding bestpractice processes that support reliable enterprise reporting; become an expert in the Pricing Datawarehouse and ZEMA pricing connections and functionality.

• Cultivate strong crossfunctional partnerships across Enterprise Risk Trading Scheduling Accounting MRM (IT) Credit Legal and Trade Compliance to drive collaboration and ensure fronttoback success across the commodity transaction lifecycle.

• Provide on-going risk policy approval recommendations with clear governance over commodity desk authorities market risk limits approved strategies transaction types and geographic market coverage.

• Support quarterly management meetings for business units to discuss risk policy approvals and ongoing market risk communication and compliance monitoring.

• Monitor and report Policy non-compliance events relative to applicable prescribed commercial Policy limits

• Support and maintain SOX requirements & documentation and keep up to date on industry & training requirements applicable to role.

Who You Are:

• Bachelors degree in economics finance or applied sciences with 8 years of in-depth experience in power natural gas &/or crude oil markets in risk management

• Advanced coding experience in Python SQL & Business Intelligence apps (Power BI is preferred).

• Experienced in performing risk control processes including the development monitoring & enforcing of market risk limits daily risk reporting of commodity MTM VaR and positions.

• Quantitative background with a strong understanding of probabilities & statistics with the ability to perform scenario stress testing & analysis back testing of strategies & trading portfolio decomposition of risk.

• Strong understanding of modern VaR & GMaR methodologies

• Excellent written & oral communication skills; ability to explain financial models in operational terms.

• Thrives in a dynamic collaborative working team environment involving daily tasks project work & new product development.

• Strong understanding of multiple option valuation methodologies & risk management approaches.

• Experience in the design of risk metrics & controls to manage cash monthly price risks.

• Experience reviewing large pricing data history creating & identifying value added visualizations/insights for decision makers.

• Ability to create new market risk tools & processes by defining a projects vision & executing it from inception to completion.

• Technical experience risk managing troubleshooting and modeling transactions in Openlink/Endur or similar Energy Trading & Risk Management (ETRM) systems across the transaction life cycle.

Preferred:

• CFA MBA CA or other related designation is an asset. Risk Management designations in ERP or FRM are also an asset.

• Strong understanding of how to analyze power LMP/congestion settlement & external forward pricing sources make price curve recommendations or valuation enhancements.

• Experienced in the following aspects of power markets: commonly used trading strategies FTRs hourly pricing scalars capacity RECs fixed block utility auctions & full requirements transactions.

• Experience in PJM MISO NYISO ISO-NE ERCOT SPP IESO &/or AESO power markets; ISO specific market regulations & requirements for physical or financial transactions.

• Strong understanding of cash month wholesale power markets & associated financial products (ex. FTRs Virtuals increment / decrements) ancillary service products & physical power trading strategies.

• Experience in risk management of spark spread / heat rate products & trading strategies.

• Experience in Options and Calendar Spread Options (CSOs).

Working Conditions:

• Typical office environment open trading floor concept setup

Physical Requirements:

Include but are not limited to: Grasping kneeling light moderate lifting (objects up to 20 pounds) reaching above shoulder repetitive motion sitting standing visual requirement (able to see screens detect color coding read fine print) hearing requirement.

Mental Requirements:

Include but are not limited to: Ability to: understand remember and apply oral and/or written instructions or other information understand complex problems and collaborate/explore alternative solutions organize thoughts and ideas into understandable terminology organize and prioritize work schedule on a short-term basis make decisions which have moderate impact on the immediate work unit and monitor impact outside this area understand and follow basic instructions and guidelines complete routine forms compose letters outlines memoranda and basic reports and communicate with individuals via telephone.

Benefits:

• A flexible benefits program that allows each employee to select the level of coverage needed for their family in the areas of health dental insurance and disability.

• A paid maternity and parental leave benefit that offers up to 20 weeks of paid leave for birth-giving parents and up to 12 weeks for other eligible parents providing flexibility and support during this important life event.

• Valuable retirement savings plans including a savings plan with company stock as an investment option.

• Paid time off/vacation/sick plus paid personal days off (depending on location) and paid holidays.

• An Employee and Family Assistance Program.

• A Wellness Program which focuses on supporting healthier employees by providing tools resources and opportunities to improve physical mental social and financial well-being.

• Enbridges FlexWork (hybrid work model) offers eligible employees (Manager and below) the option to work from home on Mondays and Fridays opt for a compressed work week schedule or have flexible start and end times. Role requirements determine your eligibility for each option.

At Enbridge we are dedicated to our core value of are proud to bean Equal Opportunity Employer. We are committed to providing employment opportunities to all qualified individuals without regard to age race color national or ethnic origin religion sex sexual orientation gender identity or expression marital status family status veteran status Indigenous status disability or any other reason protected by federal state or local with disabilities can request accessible formats communication supports or other accessibility assistance by contacting .

Information For Applicants:

• Applications can be submitted via our online recruiting system only.

• We appreciate your interest in working with us; however only those applicants selected for interviews will be contacted.

• Final candidates for this position may be required to undergo a security screening including a criminal records check.

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