Senior Analyst, Market Risk – Pembina Pipeline Corporation

Title of the Job: Senior Analyst, Market Risk

Location: Calgary, AB

Job Description: Work Arrangement: HybridDepartment: Corporate Planning DepartmentPembina Pipeline Corporation is a dynamic energy transportation and midstream provider, serving customers for more than 65 years. Chances are, we do more than you think. We own pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. We also own gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. Our operations along the hydrocarbon value chain allow us to offer a full state of midstream and marketing services to our customers in the energy industry.We are an organization that cares not only about results, but how those results are achieved. Our organization is grounded in the values of Safe, Trustworthy, Respectful, Collaborative and Entrepreneurial. Cultivating a positive employee experience and promoting a diverse and inclusive environment where our employees feel engaged, recognized and empowered is foundational to our ambition of being an employer of choice. Learn more about our .We value the safety of our communities, customers, contractors and employees, and believe that all incidents are preventable. Compliance with all policies, procedures and regulations is a requirement, and our are basic rules that everyone should know and live by. Working for Pembina means working safely.Overview:We are growing our team! Reporting to the Director, Strategic Planning within the Capital Markets department at Pembina Pipeline Corporation, the Senior Analyst, Market Risk will become a contributing member of Pembina’s Market Risk team. This role will support the daily risk management of Pembina’s commodity, FX, and interest rate activities. Leveraging experience with risk reporting and ETRM systems, this position will assist with the development and ongoing operations of a dedicated Middle-Office function to support marketing and hedging activities.Responsibilities may include but not limited to:

• Perform risk analysis for Pembina’s commodity related marketing and hedging activities, with a focus on crude oil and NGLs;
• Perform reporting of risk exposures, positions, and PnL from physical and derivative trading, explaining day-over-day changes to commercial teams and senior management;
• Work closely with commercial teams to perform scenario-based analysis on strategies to determine potential outcomes with respect to exposures, impact on key risk measures, and accomplishing book objectives;
• Liaise with Front-Office and Back-Office to trouble shoot discrepancies and validate transactional topics (PnL, position, exposure, settlement) and collaborate to review and develop new and existing product and limit requests;
• Monitor transaction activity for compliance of trader mandates and limits; investigate anomalies and work collaboratively with Front-Office to resolve, escalating non-compliance events as required;
• Leverage ETRM and Data Warehouse systems to develop and maintain quantitative risk models that report relevant risk metrics for approved trading strategies and promote adherence to Pembina’s Market Risk Policy and governance;
• Support ETRM development and maintenance, including data management, testing, reporting, and enhancement opportunities;
• Assist in managing and validating reference data, forward price curves, and internal trader marks;
• Proactively lead standardization, efficiency, and automation efforts;
• Exercises strong judgment to identify, diagnose, and solve problems within given rules and parameters;
• Provide ad-hoc analysis and support for other business areas and audit as required;
• Support Pembina’s safety culture of “Zero by Choice” and the “Life Saving Rules”. To read more about our Life Saving Rules, visit pembina.com/safety; and
• Participate and support an equitable, diverse, and inclusive workplace.

Qualifications:

• Embodies Pembina’s values of safe, trustworthy, respectful, collaborative and entrepreneurial;
• Bachelor’s degree in Finance, Accounting, Economics, or related discipline;
• CFA, CPA, MBA is preferred;
• Risk Management designation in ERP or FRM is an asset;
• Strong understanding of and proven ability to explain VaR, MTM, position, exposure and other Risk Management concepts;
• Knowledge of industry trends and regulatory requirements for risk reporting;
• Understanding of North American physical product flow and energy infrastructure (i.e., Storage, Pipelines, Rail, Fractionation);
• Minimum of 5 years transferable experience in market risk management, preference for commodity experience in the energy sector;
• Strong understanding of energy markets, physical/financial instruments, deal life cycle, and risk management methodologies;
• Ability to work autonomously and derive meaningful conclusions to explain book changes in a short period of time;
• Advanced proficiency with standard Microsoft applications; preference for experience with PowerBI, SQL, or other coding experience;
• Experience with databases and data validation;
• Proficient understanding of price risk is preferred (i.e., Fixed Price, Basis, Index);
• Outstanding financial modeling and economic evaluation skills;
• Excellent analytical, problem-solving, and decision-making skills, with the ability to communicate in a clearly;
• Experience implementing or using an ETRM system is an asset (with preference for experience with RightAngle).

The successful candidate must be legally able to work in the country of the position. Final candidate will be required to undergo Pre-Employment Background Checks including a Criminal Record Check.This position is scheduled to be posted until end of day: 10/22/2024. In rare circumstances, a position may be posted for less time if there has been significant interest in the role.Our expectations are high, and our rewards reflect this: We treat our people well – whether it’s through our total rewards package, community engagement or volunteer opportunities, all in an environment that is equitable, safe, respectful, inclusive and accessible.We recognize that diverse perspectives and experiences fuel innovation and enrich our workplace culture. We firmly believe that every individual’s unique background, identity and contributions contribute to our collective success. We encourage applications from individuals of all backgrounds and experiences. If you’re contacted to set up an interview and you require accessibility accommodations, please let your Talent Acquisition Advisor know at that time.We are a proud recipient of Canada’s Top 100 Employers (2018-2022), Alberta’s Top Employers (2014-2024) and an Employer Partner of the Canadian Centre for Diversity and Inclusion. We are also a strong supporter of Skills Canada.No agency calls please.

Company Name: Pembina Pipeline Corporation

Salary:

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