Flexible Operational Risk Manager Jobs in Calgary, AB

Overview:

Pembina Pipeline Corporation's Calgary office is actively hiring for a Market Risk Senior Analyst to join the team. This position reports to the Director, Middle Office, within the Financial Services team.

The Financial Services team supports the company's major decisions by providing an in-depth understanding of financial health in both the short and long term, including credit and market risk, weighted average cost of capital, and capital markets opportunities for growth (such as financing strategy and M&A opportunities). The team is responsible for understanding the current state and future scenarios, and their potential impact on external stakeholders, including shareholders and rating agencies.

The Market Risk Senior Analyst will support the development and continuous enhancement of risk reporting activities and ETRM integration within Pembina's Market Risk function. This role will support the Director by providing insights on risk management activities through a solid working understanding of market risk and reporting, improving daily risk reporting practices, and serving as a liaison with Front-office and Back-office personnel across the organization.

Responsibilities may include but not limited to:

• 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;
• Aid Pembina's Risk team by developing and running daily, monthly, quarterly, and annual risk reports and consolidating material for presentations;
• Perform and present analysis and reporting for Natural Gas, Crude Oil, NGLs, Power, FX and other trading activities to provide updated risk metrics (MTM, positions, PnL, exposure, and VaR);
• Validate and reconcile front-office reports (PnL, positions, and exposures) while monitoring transaction activity for compliance with trader mandates, limits, and established controls;
• Investigate anomalies and work collaboratively with Front-Office to resolve;
• Contribute to the development of the strategy and roadmap for data quality and data analytics, data modeling, reporting, business intelligence, and the design and development of sophisticated decision support tools;
• Utilize ETRM and Data Warehouse systems to develop and maintain quantitative risk models and reporting for exposures, positions, and P\&L, while partnering with Front Office, Treasury, Counterparty Risk, Corporate Development, and Investor Relations to deliver risk insights that support informed business decisions;
• Partner with commercial teams to perform scenariobased analysis, assessing potential outcomes, risk exposure, and alignment with portfolio objectives;
• Collaborate with business units in reviewing and developing new and existing product and limit requests;
• Provide informal people leadership by developing and mentoring team members;
• Support ETRM development and maintenance, specifically around requirements for data, testing, reporting, and enhancement opportunities;
• Assist with the management, validation, and maintenance of reference data, forward price curves, and forward curve models, including the review of published market data and internal trader marks;
• Review group deliverables and provide guidance to ensure quality and alignment, while proactively supporting initiatives to standardize processes, improve efficiency, and drive automation;
• Exercise sound judgment to identify, analyze, and resolve issues within defined parameters, while providing adhoc analysis and support to other business areas and audit activities, as required; and
• Participate and support an equitable, diverse, and inclusive workplace.

Qualifications:

• Bachelor's degree in Finance, Accounting, Economics, or a related discipline;
• A minimum of 5 years of progressive experience in market risk management, with commodity experience in the energy sector considered an asset;
• Risk Management designation (ERP or FRM) is considered an asset;
• Strong understanding of risk management methodologies and metrics (e.g., VaR and stress testing), industry trends, and regulatory requirements related to risk measurement, monitoring, and reporting;
• Experience in energy markets, including physical and financial commodities, end-to-end transaction lifecycles, and the application of risk management principles and methodologies;
• Strong ability to collaborate across teams to quickly analyze and explain trading book movements, identify key drivers, and deliver meaningful insights within tight timelines;
• Proficiency with Microsoft applications, along with experience working with databases and performing data validation;
• Demonstrated understanding of price risk and energy infrastructure, including fixed price, basis, index, transportation, and storage positions;
• Demonstrated understanding of key risk metrics, including VaR, MTM, positions, and exposures, with the ability to clearly interpret and communicate their impact on business performance and risk profiles;
• Strong analytical, problem-solving, and communication skills, with the ability to present insights clearly; advanced financial modelling is considered an asset;
• Experience implementing an ETRM system is an asset (with preference for experience with RightAngle);
• Advanced proficiency in Excel, including pivot tables, Power Query, complex formulas, and data analysis techniques, combined with experience leveraging data visualization tools such as Power BI or Tableau to develop meaningful reports and insights; and
• Ability to analyze large datasets and build automated reporting solutions

   

  Pembina's Flexible Work Standard provides the option for eligible employees to work remotely on Fridays