Quantitative Risk Specialist

Determined, imaginative, curious—if these are some of the ways you describe yourself, we want to learn more about you!

At TC Energy, we are proud to connect the world to the energy it needs. Guided by our values of safety in every step, personal accountability, one team and active learning, we deliver the critical energy that North America and the world rely on while balancing reliability, affordability and sustainability.

The Opportunity

Our Market Risk Analytics Team is evolving the analytics capabilities within our Market Risk group. In this role, you will provide quantitative risk analysis in support of TC Energy’s power, natural gas, gas storage, treasury, and other marketing businesses. You will be responsible for the development, enhancement and maintenance of various market and credit risk models.
 

The successful candidate must have strong analytical skills in the areas of statistics, theoretical finance, risk analysis, and computer programming. This role will appeal to individuals who are comfortable with detailed analytic work, and have strong quantitative, modeling and communication skills.
This position reports into the Manager, Market Risk Analytics and Reporting, in the Risk Management group of Corporate Finance.

This position is eligible for our domestic relocation program

What you’ll do
 

• Develop, maintain, and support quantitative risk models

• Develop tools to report Front-Office exposures, positions, and P&L

• Work with ETRM and Data Warehouse systems

• Assist in the development, testing and implementation of ETRM and other systems to assure accurate, timely and complete information flow and reporting

• Develop models to assess market and counterparty related exposures for new business opportunities/proposals, along with documenting such models

• Perform scenario-based analysis on alternative strategies to determine range of potential outcomes with respect to exposures and the impact on various risk measures

• Work collaboratively with the Front-Office business units to analyze and review new product and limit requests

• Work collaboratively with Treasury on validation of valuation of financial instruments

• Provide analytic and quantitative support to Risk Management, and ad hoc risk analysis for other business areas in the organization

• Perform middle office functions including position and limit monitoring, VaR reporting, option portfolio validation; investigate and work with Front-Office to resolve

• Mentor and help develop Risk team members

• Maintain and update middle office model documentation

Minimum Qualifications
 

• Master’s degree in Finance, Actuarial Science, Economics, Mathematics, or related quantitative field

• Well-rounded knowledge in finance, economics, mathematics, and computing

• 10+ years’ related Market Risk, Front Office or Treasury work experience

• Strong understanding of the fundamental principles of economic, financial, and commodity and counterparty risk analysis, and various market risk concepts including VaR, stress testing, scenario analysis, P&L, MTM, EaR and exposure

• Demonstrated mathematical and computer skills for complex risk modeling is essential

• Programming and database skills are a must; preferred programming experience includes SQL, Power Query and/or VBA, Python and/or Matlab

Preferred Qualifications
 

• Work experience with direct exposure to North American power and natural gas markets

• Strong understanding of the Treasury function, including foreign exchange and interest rate products

• Strong quantitative and analytics background, with proven problem solving and model building skills

• Hands on experience with an ETRM system is desired, preferably Endur and/or SAP

• Ability to effectively summarize and clearly communicate results, both in writing and verbally, to a wide range of audiences

• Ability to work independently and as an effective team player on cross-functional teams

• Ability to develop and maintain collaborative working relationships

To remain competitive, support our high-performance culture and allow for more flexibility in the way we work, we offer a hybrid work model and flexible dress code for our eligible office-based workforce in Canada, the U.S. and Mexico. #LI-Hybrid

About our business

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. Every day, our dedicated team proudly connects the world to the energy it needs—moving over 30 per cent of the cleaner-burning natural gas used across the continent. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure fuels industries and generates affordable, reliable and sustainable power across North America, while enabling LNG exports to global markets.

TC Energy is an equal opportunity employer and participates in the E-Verify program supervised by the US government. We welcome applications from all qualified individuals regardless of race, religion, age, sex, color, national origin, sexual orientation, gender identity, veteran status, or disability. We are also committed to providing accommodations throughout the recruitment process. Applicants requiring accommodations or accessible formats are encouraged to contact us at [email protected] for support.

All applicants must have legal authorization to work in the country where the position is based, without restrictions. Background screening is required for all positions, which may include criminal and/or credit checks. Offers may be extended at a different level or job title that best aligns with the successful candidate's qualifications.

Learn more

Visit us at TCEnergy.com and connect with us on our social medial channels for our latest news, employee stories, community activities, and other updates.

Thank you for considering TC Energy in your career journey.