Irving Oil

Senior Manager, Middle Office & Quantitative Analytics

LocationSaint John, NB
Job Typefull_time

About This Job


About Irving Oil

Founded in 1924, Irving Oil is a family-owned and privately held international energy company headquartered in Saint John, New Brunswick, with operations throughout Atlantic Canada, Quebec, U.S. Northeast, and Ireland. Their mission is focused on working hard to meet the evolving needs of their customers through the energy they provide and the products and services they offer. Specializing in the refining and marketing of finished energy products, every day, Irving Oil strives to be a leading energy and marketing company, distinguished by their commitment to their people, their customers, and their communities everywhere they call home


Position Overview

As the Senior Manager, Middle Office & Quantitative Analytics, you will be responsible to lead the Middle Office team in providing independent risk oversight over all derivative trading programs (e.g. CRM, FX trading, Interest Rate hedging and other structures). You will also lead the Quantitative Analytics team in developing risk reporting tools and valuation methodologies used for market, credit, liquidity, and operational risk measurement.

Your goal will be to ensure activity is conducted with transparency and in accordance with our risk management policies. Your success in this role will be your effective team leadership for impactful quantitative model development and decision support analytics for our organization.

Reporting

: Direct report to the Director, Governance, Planning and Risk


Location:

Saint John, New Brunswick


Key Responsibilities

Provide leadership and direction to Middle Office and Quantitative Analytics team, including establishing objectives, measuring results, and ensuring employee accountability and development

Lead the Quantitative Analytics team, overseeing the development, testing, deployment and maintenance of quantitative models and decision support analytics/tool for internal teams (e.g., Commodity Risk Management, Financial Planning & Analysis, Treasury, Accounting and Middle Office)
Lead the Middle Office team, overseeing independent risk management activities over derivative transactions to ensure trading activity complies with internal policies and limits. Middle Office activities include, but are not limited to, forward curve generation, mark-to-market calculation, reconciliation of futures contracts, approval/verification of swap and option contracts and daily risk reporting
Balance independent reporting and control responsibilities of the Middle Office team with a business partnering and enabling approach
Provide thought leadership on various projects with respect to complex accounting arrangements through research and collaboration with various teams
Interact with senior leaders and executives, shape and execute analyses, and prepare clear, concise and compelling presentations
Support the Commodity Risk Management Committee (CRMC) and Finance Committee in fulfilling financial risk oversight and hedge strategy evaluation
Assist with Board/Committee reporting, as required
Lead development of detailed process and ICFR documentation for the Middle Office and Quantitative Analytics teams, as required


Candidate Profile


Education and Experience

10+ years’ experience in risk management / quantitative analytics (experience at a commodity, banking, or energy trading company considered an asset)
Experience in energy commodities and financial derivative markets
7+ years leadership experience
Familiarity in quantitative risk modelling – Value at Risk (VaR), Earnings at Risk (EaR), Cash Flow at Risk (CFaR)
Programming experience is considered an asset (Python, R, C++, Visual Basic, SAS, etc.)
Masters degree in a quantitative field, e.g. mathematics, statistics,
Financial engineering, business, is desired but not required


Professional Experience

Excellent communication and analytical skills, with ability to clearly articulate complex quantitative analyses and results to ensure messages are easily understood by decision makers
Strong people and relationship management skills
Project management/leadership skills
Demonstrated skills in critical thinking, problem-solving, information sharing and collaboration


Success Factors

Growth-oriented and commercially savvy.
Authentic, inclusive, and empowering leadership style.
Highly articulate with strong interpersonal and relationship-building skills.
Strategic thinker with a bias for action and accountability.
High integrity, ethical conduct, and transparency in decision-making.
Resilient and energized by challenge, change, and innovation.


To Apply

To fill this position, Irving Oil has partnered with leadership advisory firm Odgers Berndtson. Applications are encouraged immediately online at https://careers.odgersberndtson.com/en-ca/30435. All applications will be treated confidentially. For more information, please contact Mary-Katherine Bouchard, Partner at mk.bouchard@odgersberndtson.com. We thank all those who express an interest, however, only those chosen for further development will be contacted.


Equity, Diversity, and Inclusion

Iring Oil is an equal opportunity employer and is committed to providing a fair and equitable work environment and encourages applications from equity-seeking and sovereignty-seeking communities. In accordance with the Accessible Canada Act, 2019 and all applicable provincial accessibility standards, upon request, accommodation will be provided by both Odgers Berndtson and Irving Oil throughout the recruitment, selection and/or assessment process to applicants with disabilities.

Odgers Berndtson is deeply committed to diversity, equity and inclusion in all the work that we do. As part of our efforts to better understand our ability to reach as broad a pool of candidates as possible for our searches, our DEI team would like to encourage you to take a moment and access our Self-Declaration Form.

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