Manager, Commodity Risk

ATCO•Calgary, AB

2d•Onsite

About The Position

ATCO EnPower is looking for a Manager, Commodity Risk (16-month term) to lead commodity risk governance, reporting, and analysis in support of asset optimization and strategic commercial decision-making. Reporting to the Director, Risk & Commodity Management, the Manager, Commodity Risk will play a key role in supporting the development and implementation of policies and procedures to enable ATCO to monitor and manage energy market risks in support of the company’s asset optimization efforts. This role is the key contributor to developing an effective mid office function, drawing on experience and understanding of asset and market price dynamics, of deal pricing and risk analysis as they pertain to energy Risk Management. Aid in supporting strategic commercial initiatives through the application of sound risk management practices. This position will include direct supervision of risk management supervisory and analytical staff involved in the measurement, monitoring and reporting of commodity risks in ATCO’s lines of business.

Requirements

Bachelor's 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 is required
Sound understanding of Finance and financial concepts
Demonstrated experience with risk management software, tools and 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, deal pricing and risk analysis
Strong understanding in valuing risk within a commodity storage facility
Strong leadership, organizational, analytical, verbal and 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 a fast-paced team environment, to assess risks/rewards and to recommend appropriate course of action.

Nice To Haves

Hands-on experience in using and configuring risk management systems (ETRMs) would be considered an asset
Previous experience in the Electricity/Natural Gas industries is preferred
Understanding of real option theory and application would be considered an asset

Responsibilities

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 governance, reporting and analysis of commodity risks
Conduct ongoing coaching and scheduled performance reviews with staff
Establish and maintain effective working relationships with business units including Energy Storage, Generation, and ATCOenergy
Ensure accuracy and timeliness of Commodity Risk reports, including open positions, profit and loss, statistical risk measurements, and compliance against risk policies.
Responsible to support the Director Risk & Commodity Management in the development and implementation of sound policies and business practices in order to measure, monitor, report and 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 Risk’s 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 is monitored, measured and 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
Oversee ETRM system implementation as it relates to risk reporting, ensuring reporting requirements, controls, and committee-level outputs are accurately defined and embedded.
Provide reporting and supplementary information necessary for the Energy Risk Management Committee to assess and make decisions related to commodity risk
Prepare monthly risk reporting package for Energy Risk Management Committee. Follow up on action items identified by the Committee and coordinate presentation materials for meetings
Ensure compliance with the Energy Risk Management Plan and recommend corrective action as required