Job Title

Posting End Date May 13, 2026 Employee Type Regular Full time Union/Non This is a non-union position Job Overview We are looking for a Manager Quantitative Commodity Market Risk who will be accountable for the daily risk reporting function to deliver timely, accurate, and decisionuseful insights. The role includes analysis of dayoverday changes in MarktoMarket (MTM), ValueatRisk (VaR), atrisk metrics, and open positions in North American commodity markets (power, natural gas, crude oil, and natural gas liquids). The position offers opportunities for growth and a competitive benefits and pension package, including generous time off. What You Will Do Leadership over VaR model accuracy, P&L decomposition, and endtoend FEA VaR integrity, ensuring robust data connectivity, validation, explainability, effective vendor management, and scalable expansion across portfolios, commodities, and business lines, with clear enterprisewide risk communication. Lead market risk assessments for new business initiatives, ensuring risks are fully captured and documented to support senior management approval processes. Direct accountability for the risk teams analysis, monitoring, and reporting function for multiple North American commodity trading activities including VaR, open positions, valuation controls, MTM valuation, including daily management explanations on applicable metrics and limits. Lead endtoend project delivery for new risk reporting tools, advancing process automation (including Python coded processes development) and highvalue data visualizations (Power BI). Expand risk team capabilities such as risk reporting development, stress testing and/or other complex scenario analysis (including VaR simulations) to support risk metrics and ad hoc requests. Drive continuous improvement of valuation controls and price curve validation and technical maintenance, embedding bestpractice processes that support reliable enterprise reporting; become an expert in the Pricing Datawarehouse and ZEMA pricing connections and functionality. Cultivate strong crossfunctional partnerships across Enterprise Risk, Trading, Scheduling, Accounting, MRM (IT), Credit, Legal, and Trade Compliance to drive collaboration and ensure fronttoback success across the commodity transaction lifecycle. Provide ongoing risk policy approval recommendations with clear governance over commodity desk authorities, market risk limits, approved strategies, transaction types, and geographic market coverage. Support quarterly management meetings for business units to discuss risk policy approvals, and ongoing market risk communication and compliance monitoring. Monitor and report policy noncompliance events relative to applicable prescribed commercial policy limits. Support and maintain SOX requirements & documentation, and keep up to date on industry & training requirements applicable to role. Who You Are Bachelors degree in economics, finance, or applied sciences with 8+ years of indepth experience in power, natural gas, and/or crude oil markets in risk management. Advanced coding experience in Python, SQL, and Business Intelligence apps (Power BI is preferred). Experienced in performing risk control processes, including the development, monitoring, and enforcement of market risk limits, daily risk reporting of commodity MTM, VaR, and positions. Quantitative background with a strong understanding of probabilities and statistics with the ability to perform scenario stress testing and analysis, backtesting of strategies and trading portfolio decomposition of risk. Strong understanding of modern VaR & GMaR methodologies. Excellent written and oral communication skills; ability to explain financial models in operational terms. Thrives in a dynamic, collaborative working team environment involving daily tasks, project work, and new product development. Strong understanding of multiple option valuation methodologies and risk management approaches. Experience in the design of risk metrics and controls to manage cash monthly price risks. Experience reviewing large pricing data history, creating, and identifying value added visualizations and insights for decision makers. Ability to create new market risk tools and processes by defining a projects vision and executing it from inception to completion. Technical experience risk managing, troubleshooting, and modeling transactions in Openlink/Endur or similar Energy Trading & Risk Management (ETRM) systems across the transaction life cycle. Preferred CFA, MBA, CA, or other related designation is an asset. Risk Management designations in ERP or FRM are also an asset. Strong understanding of how to analyze power LMP/congestion settlement and external forward pricing sources, make price curve recommendations or valuation enhancements. Experienced in the following aspects of power markets: commonly used trading strategies, FTRs, hourly pricing scalars, capacity, RECs, fixed block utility auctions and full requirements transactions. Experience in PJM, MISO, NYISO, ISONE, ERCOT, SPP, IESO, and/or AESO power markets; ISO specific market regulations and requirements for physical or financial transactions. Strong understanding of cash month wholesale power markets and associated financial products (e.g., FTRs, Virtuals, increment/decrements), ancillary service products and physical power trading strategies. Experience in risk management of spark spread / heat rate products and trading strategies. Experience in Options and Calendar Spread Options (CSOs). Working Conditions Typical office environment, open trading floor concept setup. Physical Requirements Include but are not limited to: grasping, kneeling, lightmoderate lifting (objects up to 20 pounds), reaching above shoulder, repetitive motion, sitting, standing, visual requirement (able to see screens, detect color coding, read fine print), hearing requirement. Mental Requirements Include but are not limited to: ability to understand, remember and apply oral and/or written instructions or other information, understand complex problems and collaborate/explore alternative solutions, organize thoughts and ideas into understandable terminology, organize and prioritize work schedule on a shortterm basis, make decisions which have moderate impact on the immediate work unit and monitor impact outside this area, understand and follow basic instructions and guidelines, complete routine forms, compose letters, outlines, memoranda and basic reports and communicate with individuals via telephone. Benefits A flexible benefits program that allows each employee to select the level of coverage needed for their family in the areas of health, dental, insurance and disability. A paid maternity and parental leave benefit that offers up to 20 weeks of paid leave for birthgiving parents and up to 12 weeks for other eligible parents, providing flexibility and support during this important life event. Valuable retirement savings plans, including a savings plan with company stock as an investment option. Paid time off/vacation/sick, plus paid personal days off (depending on location), and paid holidays. An Employee and Family Assistance Program. A Wellness Program, which focuses on supporting healthier employees by providing tools, resources, and opportunities to improve physical, mental, social, and financial wellbeing. Enbridges FlexWork (hybrid work model) offers eligible employees (Manager and below) the option to work from home on Mondays and Fridays, opt for a compressed work week schedule, or have flexible start and end times. Role requirements determine your eligibility for each option. At Enbridge, we are dedicated to our core value of Inclusion. We are proud to be an Equal Opportunity Employer. We are committed to providing employment opportunities to all qualified individuals, without regard to age, race, color, national or ethnic origin, religion, sex, sexual orientation, gender identity or expression, marital status, family status, veteran status, Indigenous status, disability, or any other reason protected by federal, state, or local law. Applicants with disabilities can request accessible formats, communication supports, or other accessibility assistance by contacting . #J-18808-Ljbffr