OverviewCenovus Energy Senior Specialist, Financial Desk Full Time in Calgary, AB
Branch Calgary AB CA
Senior Specialist, Financial Desk
This position will oversee/manage a small team of highly technical and skilled resources. This position will be responsible for developing risk management…
We’re a Canadian oil company committed to being a responsible developer of one of Canada’s most valuable resources – the oil sands. We apply fresh, progressive thinking to minimize our impact on the environment while safely producing energy resources the world needs. And we take great pride in what we do and in how we do it. We’re focused on the growth of our vast oil sands assets in northern Alberta, where we drill for oil and use specialized methods to pump it to the surface. We also have established conventional natural gas and oil production in Alberta and Saskatchewan and 50 percent ownership in two U.S. refineries.
About this Opportunity:
Our Marketing Team is currently looking for a Senior Specialist, Financial Desk.
Reporting to the VP, Marketing, you will be accountable to lead, direct, and manage Cenovus’ commodity risk management desk for our marketing offices. This position will be responsible for developing risk management strategies for the trade books and executing all strategic and transactional hedges on behalf of Cenovus. This position will oversee/manage a small team of highly technical and skilled resources.
This is a full time position based in the Calgary office. The Calgary office is closed the 1st and 3rd Friday of every month.
Lead and oversee a small team responsible for the execution of all financial commodity transactions including transactional and strategic hedges
Develop and maintain strong relationship with financial counterparties to leverage their knowledge and expertise to gain market intelligence and develop strategies to maximize value for Cenovus
Ensure compliance to Cenovus market risk mitigation policies and practices
Develop and maintain strong relationship with Fundamentals and Treasury to ensure strong understanding of corporate hedge strategies to enable effective execution
Develop and recommend hedge strategies to add value or mitigate loss related to transportation assets
Develop and recommend strategies to capture value add or mitigate potential loss related to storage assets while maintaining sufficient capacity for operational requirements
Develop and recommend hedge strategies to maximize and lock in market uplift within specified risk limits
In conjunction with Market Risk and Compliance team, develop and maintain model to measure and test portfolio and transactional VAR impact to trade books
Provide support and recommend strategies to capture long term value of assets as identified in LRO
Provide strategic advice and data to support hedge activities for all offices
Must be legally entitled to work in Canada
15 or more years of relevant progressive experience in commodity marketing/trading environment
Requires formal education in Business (MBA preferred), Finance, Economics, or related discipline
Strong knowledge of the physical and financial markets for oil and gas commodities as well as foreign exchange
Ability to model and value financial/derivative instruments
Ability to develop hedge strategies to enhance and protect value of marketing assets and positions
Strong financial acumen and analytical skills combined with deep understanding of the oil and gas industry
Advanced quantitative analysis and modelling skills
Excellent customer service and interpersonal skills
CA, CFA is an asset and highly desired
Markets, Products & Transportation
Our Markets, Products & Transportation (MPT) team is responsible for all commercial activities associated with the crude oil, natural gas, natural gas liquids and other by-products produced by Cenovus. The team oversees refining and upgrading, marketing, rail, pipeline and MPT planning and integration.
Immediately following successful submission of your online application, you will receive an online message confirming Cenovus’s receipt of your resume. Due to the anticipated volume of applications we are unable to respond to telephone inquiries about the status of your application.
Employment Type: Full Time
Location: Calgary, AB, CA
Posted on: 2015-09-24