Energy Risk Specialist

Current ENMAX employees are encouraged to apply through their internal Workday access.

Posted: July 3, 2025

Closing Date: July 17, 2025

Position Type: Permanent

Union: Exempt (MP)

ENMAX Values – Safety, Integrity, Accountability, Service, Teamwork, Agility, Innovation

The Energy Risk Specialist will assist with core middle office risk activities and tasks the team fills to support various partners. This position is accountable for Middle Office and market risk functions and reports to the Manager, Market Risk. This role will both quantify and report on highly sensitive position and trading information including commodity risk exposures, various risk metrics and performance measures. The Energy Risk Specialist is also responsible for implementing and assuring adherence to corporate risk policy including both the corporate hedging program and position limits.

Major Responsibilities:

• Support the Middle Office to provide effective and meaningful market risk reporting and monitoring for the Front office, Executive and the Board

• Assist in the daily responsibilities of the Market Risk Reporting Team

• Assist with the implementation and maintenance of the corporate hedging program and limits

• Support the review, validation, representation and approval of new products, complex and nonstandard transactions, proposed new business opportunities, and portfolio strategies

• Assist with the daily, monthly, and quarterly reporting of positions, valuations, and risk factors including VaR, EaR, Stress Testing, Scenario analysis, and ensuring compliance with all limits

• Assist in ensuring the maintenance of the “system of record”, its book structures, limits, risk measurement methodologies, tools, techniques and other systems

• Support a culture of operational excellence and collaboration among Risk Management, Wholesale Trading and Retail Front and Back Offices

• Collaborate with other risk management functions (Enterprise, Credit, Treasury, Insurance, Regulatory, Audit, etc.) to ensure an effective risk management program and culture

Education Required:

• Undergraduate degree in a quantitative discipline (finance, economics, engineering or mathematics)

• Post-graduate degree in a quantitative discipline or relevant professional certification (FRM, PRM, CFA, CQF) is preferred

Qualifications & Experience:

• Minimum of 8 years relevant risk management experience in the energy, commodity and/or financial services industries

• Solid understanding of quantitative methods as well as principles of economic and finance with experience in complex valuation including real options, swaps, asset valuation, derivatives, options etc.

• Ability to perform critical thinking and problem solving to derive meaningful conclusions and explain changes in portfolio exposures from limited data and under limited times lines

• Understanding of corporate hedging, portfolio optimization, physical and financial instruments, and energy transacting and risk management strategies

• Programming and analytical skills with VBA, Power BI, Python, Databricks, and SQL.

• Experience with Energy Trading and Risk Management platforms/solutions is an asset

• Familiarity of electricity and natural gas market structures is preferred

• Familiarity of the trade cycle (deal execution, operations, settlement) would also be considered an asset

Competencies:

• Able to work autonomously, prioritizing and focusing activities to contribute to the successful implementation of the company’s strategy

• Strong verbal and written communication skills and ability to communicate with diverse audiences, including Senior Management

• Ability to create collaborative relationships and influence other business units including Trading, Retail, Finance and the Executive

• Proactively identifies problems, trends or recurrences and proposes solutions where applicable

Did we mention the ENMAX Advantage?

We offer competitive compensation including a comprehensive flexible benefits program, non-downtown location that includes great building amenities such as free onsite fitness facility with programming geared to employee’s needs, onsite childcare centre (upon availability, offered from our ENMAX Place location 141 – 50 Ave. SE), free parking and much more. If you share our values and would like to make a difference with your career, join the team and see where the ENMAX possibilities can take you.

Location:  This role will be part of our hybrid (home and office) workforce with office workspace located at ENMAX Place (141 - 50th Avenue SE, Calgary, AB). You will work from home on Mondays and Fridays and in the office on Tuesdays, Wednesdays, and Thursdays.

Note: 

• If we can provide an accommodation or adjustment to make the process more accessible for you, please let us know. ENMAX welcomes all qualified applicants to apply and is committed to a safe and respectful workplace. It is our aim to have a workplace which is inclusive and values safety, diversity, personal integrity, respect for individual differences, and encourages ownership and accountability for our actions.

• Every ENMAX employee is responsible to take reasonable care to protect the health and safety of themselves, of all other workers, and of the public. Each employee must become familiar with safety procedures and rules applicable to their job and are required to follow them while working at ENMAX.

• Must be legal to work in Canada and requires the successful completion of a criminal background check. Two pieces of valid Government issued ID will be required.

In the spirit of reconciliation, we respectfully acknowledge that we live and work on the traditional lands of Indigenous Peoples. ENMAX headquarters is in Calgary, Alberta, the traditional territory of the Blackfoot Confederacy, comprised of the Siksika, Kainai, Piikani, and Amskapi Piikuni Nations; the Tsuut’ina Nation; and the îyârhe Nakoda Nations of Chiniki, Bearspaw, and Goodstoney, and home to the Métis Nation of Alberta, as well as many diverse Indigenous people who have made the city their home. We are committed to strengthening relationships with Indigenous Nations and peoples in all communities where we operate, through respect and collaboration.

Please visit our careers page to learn more about other opportunities at ENMAX Corporation.

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