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Commodity Risk Specialist

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CNOOC International

11d ago

  • Job
    Full-time
    Senior & Expert Level
  • Data
    Banking & Finance
  • Calgary

AI generated summary

  • You need a quantitative degree, 5-10 years in commodity risk, CFA/FRM/PRM preferred, strong Excel skills, and ETRM experience. Background checks are mandatory.
  • You will collaborate across teams, validate transactions, develop pricing models, analyze market data, report risk exposures, ensure compliance, and provide accurate valuations of commodity positions.

Requirements

  • Undergraduate degree in a quantitative discipline such as mathematics, Statistics, Finance or Economics.
  • 5 - 10 years experience in a commodity risk management or related role, preferably in the oil/energy industry.
  • Having or working towards a Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Professional Risk Manager (PRM) or other relevant designation would be considered an asset.
  • Strong attention to detail with focus on analytics and problem solving.
  • Advanced skills in Excel and other relevant business applications.
  • Experience with Right Angle trade capture or other ETRM system is an asset.
  • All Positions Require Background Checks Which Could Include
  • Criminal police record check
  • Education verification
  • Credential verification

Responsibilities

  • Collaborate with Front, Middle and Back office stakeholders to ensure accurate valuation, oversight and reporting of commodity transactions.
  • Develop and assist with implementation of fit for purpose pricing and valuation models in markets where CNOOC transacts.
  • Validate Marketing transactions for accuracy, completeness and market based prices.
  • Formulate and report risk exposures (i.e.; positions, mark to market and change drivers, stress testing)
  • Assist with development and maintenance of fit for purpose portfolio signals and limits.
  • Provide independent and accurate valuations of physical and financial positions, mark to market exposure and performance data.
  • Perform quantitative and qualitative analysis as required on current and future pricing. Identify trends that may impact business objectives or present opportunity.
  • Analyze internal and external market data to rationalize commodity price movements and their drivers.
  • Ensure Marketing compliance with global and regional standards, policies, procedures and program approvals.

FAQs

What is the job title for the position being hired?

The job title is Commodity Risk Specialist.

Where is the position located?

The position is located in Calgary, Alberta.

What kind of company is CNOOC International?

CNOOC International is a global energy company and a subsidiary of CNOOC Limited, focused on safe and sustainable energy production.

What qualifications are required for this role?

An undergraduate degree in a quantitative discipline such as mathematics, statistics, finance, or economics is required, along with 5 to 10 years of experience in commodity risk management or a related role.

Are there any preferred designations for candidates?

Having or working towards a Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Professional Risk Manager (PRM), or other relevant designations would be considered an asset.

What skills are important for this role?

Strong attention to detail with a focus on analytics and problem-solving skills are important, as well as advanced skills in Excel and other relevant business applications.

What type of analysis will the Commodity Risk Specialist be responsible for?

The Commodity Risk Specialist will perform quantitative and qualitative analysis on current and future pricing, identify trends that may impact business objectives, and analyze internal and external market data.

Does CNOOC International promote work-life balance?

Yes, CNOOC International encourages work-life balance through programs like the Compressed Work Schedule (CWS), which provides two Fridays off per month and flexible work hours.

What benefits does CNOOC International offer?

CNOOC International offers competitive Company-paid benefits, including an annual Wellness Account, a paramedical allowance, access to Virtual Health Care professionals, a Pension plan, and a Savings Plan with Company-matching.

Will there be opportunities for career development in this role?

Yes, CNOOC International supports career development through mentoring programs, e-Learning courses, and formal training opportunities.

What background checks are required for this position?

Background checks may include a criminal police record check, education verification, and credential verification.