Posted: Monday, May 8, 2017 12:50 PM
Gas Pipelines and Processes
10 or more years of experience
Up to 25
Regular Full:Time Employee Position
WE teamwork at work
We didnt get to be a leader in energy delivery, or one of the 100 most sustainable corporations in the world, on our own. We did it in partnership with outstanding individuals who work together as a team to help fuel the quality of peoples lives. People like you. And now were looking for just such an individual to join our team.
We are Enbridge Energy and with over 10,000 team members throughout the United States and Canada, we operate the worlds longest crude oil and liquids pipeline system, located in both Canada and the United States.
The primary focus of this position will be responsible for analyzing, assessing, modeling, monitoring and reporting the market risk for one or multiple trading/marketing business units. Incumbents expertise in risk modeling, natural gas markets, derivative analysis is relied upon to advise US Risk Control. This requires exercising judgement in decision making and bringing expertise in problem solving of complex risk management and accounting topics impacting internal and external financial reporting.
Under direction of the Manager, Risk Control US, the incumbent will also enhance business units risk management oversight, policies, development, compliance and reporting.
:Effectively manage risk control reporting activities for the above business units in a primary or backup capacity. Provide coverage on other US business units risk reporting and accountabilities as required.
:Serve as a subject matter expert for the risk system of record (Endur), transaction modeling, commodity markets related to business units, Var, EaR, and the Risk Management Policies.
:Develop IT solutions, in conjunction with IT or independently, to enhance risk reporting, including advanced derivative modeling, transportation modeling, storage modeling.
:Compile, summarize, and analyze reports relating to profit/loss, portfolio, transaction and market risks and trends which may require structured projects with cross functional impacts.
:Identify process improvement challenges around current reporting, analysis, controls and propose solutions. Incumbent is required to look past the symptoms and determine the underlying causes of the issues.
:Responsible for applying appropriate knowledge, information, and expertise to lead or co:lead, as required, projects that resolve challenges identified in performance of the above bullet or stipulated by management.
:Ensure integrity, validity and accuracy of the monthly financial reporting process for business units through review, reconciliation and financial variance analysis of commercial transactions
:Manage audit engagement requests to ensure SOX compliance with all requirements.
:Identify and quantify demand charge obligations for each business unit as required. Assist/lead with management to develop business solutions to quantify such obligations.
:Oversee the execution of commodity risk policies, overall Business Unit and Corporate strategies within the US business units. The incumbent is an advocate of Risk Controls Policies and procedures.
:Work closely with the Risk Assessment team to ensure accurate and meaningful risk assessment for structured transactions and Risk Control valuation.
:Develop and direct proactive solutions through both formal/informal projects and daily process activities.
:Coordinate reconciliations against reporting output from Openlink and various other financial applications within the business units identifying reconciling items and proposing business solutions.
:Serve as the liaison with commercial marketing, structuring, risk accounting, commodity accounting
• Location: Houston
• Post ID: 54331343 houston