PETRONAS Canada is one of the largest natural gas resource owners in Canada. We have operations in the Montney play in northeast British Columbia and are a partner in LNG Canada. As part of PETRONAS, a dynamic global energy group with presence in over 100 countries, we are well-positioned to provide global markets with responsibly-developed Canadian energy while supporting local jobs, collaborating with Indigenous communities and protecting the environment.
At PETRONAS Canada, we are committed to building Canada’s energy future – and people are fundamental to our success. We foster a culture of open collaboration and empowerment across our team of skilled professionals, while supporting career development opportunities. To support our growth plans, we are looking for can-do problem solvers to join our team who are innovative and passionate about driving strong safety, operational and sustainability performance in everything we do. Our unique culture and commitment to growth makes the company a great place to build your career.
THE ROLE:
HOW YOU WILL CONTRIBUTE:
Perform risk analysis for PETRONAS Canada’s commodity related marketing and hedging activities, with a focus on natural gas 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 troubleshoot 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 PETRONAS Canada’s Market Risk Policy and governance
Support ETRM development and maintenance, including data management, testing, reporting, and proactively drive 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
WHAT YOU BRING:
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
Minimum of 5 years’ experience in market risk management with a preference for commodity experience in the energy sector
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)
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
Proficient understanding of price risk is preferred (i.e., Fixed Price, Basis, Index)
Outstanding financial modeling and economic evaluation skills
Experience using an ETRM system is an asset (with preference for experience with EKA)
WHY YOU SHOULD JOIN OUR TEAM:
Flexible work arrangements which include a compressed work week with Friday afternoons off and hybrid work options for office-based roles
Dress for your day - a casual yet professional environment
Ability to contribute to a dynamic organization with large growth ambitions
Competitive compensation and bonus programs
Top tier benefit package, including a generous Health and Wellness Spending Account and Savings Plan
Making a positive difference in our communities through volunteerism, community support and providing opportunities to those in the areas where we operate
Annual employee-directed charity donation program
Support for training and professional development
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What We Do
Petroliam Nasional Berhad (PETRONAS) is a leading global energy company committed to powering society’s progress in a responsible and sustainable manner. With close to 50,000 employees and a global reach spanning over 100 countries, we are ranked among the world’s largest corporations by revenue in the Fortune Media IP Ltd’s 2022 Fortune Global 500® list.
As Malaysia’s national oil and gas company, we safeguard and manage the nation’s hydrocarbon resources to ensure national energy security and maximise value. We explore, develop and produce hydrocarbons as well as cleaner energy solutions. We have three core businesses, namely Upstream, Gas and Downstream, supported by Project Delivery and Technology division, which acts as an enabler. We recently launched Gentari, our new entity providing customers with cleaner energy and lower carbon solutions in three core offerings – renewables, hydrogen and green mobility alongside our core portfolio.
We remain committed to produce oil and gas in a differentiated manner, with focus on reducing carbon emissions and at competitive cost. Our hydrocarbon portfolio today is two-thirds gas, which puts us in an advantageous position as gas and Liquefied Natural Gas (LNG) will continue to play a vital role even as the energy system evolves. As one of the leading LNG players in the world, PETRONAS will continue to serve the global LNG demand.
As a responsible and conscientious global energy player, sustainability is at the heart of our business and how we operate. Our commitment to responsible business growth and positive contributions to society and the environment remains unwavering. Fuelled by our passion to be a partner for our customers in the journey towards a lower carbon energy future, every step we take brings us closer towards achieving our aspiration of Net Zero Carbon Emissions by 2050 (NZCE 2050).
