Specialist Commodity Market Risk

Enbridge • Calgary, AB

1d • Hybrid

About The Position

At Enbridge, we are committed to delivering safe, reliable energy while advancing operational excellence, innovation, and business value through technology. We are seeking a Specialist Commodity Market Risk to lead, support, and perform daily market risk reporting and analytics across North American commodity trading activities, including Crude Oil & NGLs, Natural Gas, and Power. In this role, you will provide timely and accurate risk reporting, analyze daily changes in Mark-to-Market (MTM), Value-at-Risk (VaR), and open positions, while ensuring compliance with risk policies and controls. Apply today for this exciting opportunity to make an impact at Enbridge!

Requirements

• University degree in Finance, Economics, Applied Sciences, or a related discipline, with 7+ years of market risk management experience in power, natural gas, crude oil, or NGL markets.
• Strong expertise in commodity market risk controls, including MTM valuation, VaR, position monitoring, risk limits, stress testing, and portfolio risk analysis.
• Proven experience with Openlink/Endur or comparable Energy Trading and Risk Management (ETRM) systems, including transaction lifecycle troubleshooting and risk reporting.
• Advanced analytical and quantitative skills, demonstrating proficiency in interpreting complex financial models and conveying findings clearly to both technical and non-technical audiences.
• Experience developing data visualizations, dashboards, and reporting solutions using Power BI, SQL, and other business intelligence tools.
• Strong collaboration and stakeholder management abilities, with demonstrated success working across front-office, risk, finance, compliance, and technology teams.
• Strong written and verbal communication skills, with the ability to translate intricate financial frameworks, risk concepts, and analytical findings into actionable insights for operational and business collaborators.
• Demonstrated ability to thrive in a fast-paced, collaborative environment while developing risk metrics and controls, analyzing large market data sets, and creating impactful visualizations that support decision-making and new business initiatives.

Nice To Haves

• Professional designation such as CFA, FRM, ERP, MBA, or equivalent is considered an asset
• Experience with Python, options markets, SharePoint workflows, and ETRM testing is also preferred.

Responsibilities

• Lead daily market risk analysis, monitoring, and reporting activities, including MTM, VaR, open positions, valuation controls, and management commentary for North American commodity trading portfolios.
• Partner with Enterprise Risk, Trading, Scheduling, Accounting, MRM (IT), Credit, Legal, and Trade Compliance teams to support effective risk management across the transaction lifecycle.
• Drive the development and delivery of Power BI risk reporting solutions, enhancing data visualization, automation, and reporting efficiency through enterprise data sources and SQL-based analytics.
• Maintain and troubleshoot risk models, VaR calculations, P&L decomposition processes, and ETRM risk reporting workflows to ensure accurate market risk measurement.
• Serve as a subject matter expert for Openlink/Endur risk systems, supporting deal modeling, valuation processes, issue resolution, testing, and operational improvements.
• Evaluate new business strategies, identify emerging market risks, monitor policy compliance, and provide clear communication of quantitative risk concepts to business stakeholders.
• Lead operational improvement initiatives, support monthly Risk-to-Accounting reconciliations, maintain SOX compliance documentation, and provide informal leadership and mentorship across the team.
• Accountable for annual Policy training with stakeholders & provide ad-hoc assistance throughout each business year with front office & other support functions on various topics.

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.
• Enbridge’s 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior