Manager, Commodity Risk

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.

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 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.

Responsibility Area #2 – Governance and Controls

- 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

Responsibility Area #3 – Risk Reporting

- 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

REQUIRED KNOWLEDGE/SKILLS/ABILITIES:

- 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

- 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

- 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.

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.