Sr Supply & Trading Credit Analyst

Joining Suncor means you will work for one of the best companies in Canada, providing tremendous future potential where talented people thrive and lead. As our business evolves, so do our employment opportunities. Our work culture includes a dynamic mix of professionals, with a diversity of skills and expertise.

Our Supply, Trading and Optimization (ST&O) group is Suncor’s face to global energy commodity markets with a focus on enhancing the optimization and trading activities supporting a significant and growing international footprint. Global markets covered include oil, refined products, biofuels, natural gas, carbon emissions, and power. Currently, Suncor has ST&O offices in Calgary, London, and Houston.

We have openings for multiple positions, ranging from senior to non-senior roles, based on the candidate's experience level.

The Credit Risk Analyst covers and supports Suncor’s global business activities encompassing our Supply & Trading portfolios. In this role, you will be responsible for monitoring and managing the liquidity and counterparty risk of the company. This includes assessing potential future exposures along with the associated collateral requirements, negotiating credit support agreements, and collaborating with various groups across the company to identify and mitigate risks consistent with the company’s credit risk policy. The ideal candidate should be able to work independently and provide expertise to help improve the credit processes and policies of the team.

To be successful, you will need a broad and deep understanding of business, financial, competitive, and industry risks faced by counterparties and customers across energy portfolios; expertise in supporting the structuring of commercial physical commodity transactions and managing all types of credit risk; all supported by a comprehensive knowledge of credit risk management principles.

Minimum Requirements:

• 3 - 10 years of related credit experience in supporting physical energy trading and supply activities within integrated oil/gas companies, merchant energy or investment banking sectors

• Expertise in managing energy credit risk portfolios inclusive of counterparty, contract, collateral and exposure management, and credit scoring

• Experience with risk measures and credit risk analysis tools such as Potential Future Exposure (PFE) and/or Credit Value-at-Risk (CvaR)

• Solid understanding of credit security documents such as corporate guarantees, letters of credit and trade insurance

• Proactive with the ability to work independently demonstrating high attention to detail

• Bachelor’s or master’s degree, or equivalent experience

• Experience with TriplePoint CXL, SAP, CubeLogic

• Professional designation (CFA=, CA, CMA, CGA, etc.)

Responsibilities:

• Monitor daily counterparty exposure to ensure exposures across platform are within established limits and relevant credit policy

• Conduct creditworthiness assessment based on ongoing and real time developments and market condition changes for all existing and new counterparties

• Administer credit provisions of contracts and various other security related documents (e.g., credit insurance, letters of credit, etc.)

• Negotiate and track parental guarantees

• Use financial models to develop a forward-looking credit risk assessment based on key value drivers and sensitized assumptions

• Recommend and approve appropriate credit structures relative to risk assessment and policy considerations

• Ensure early identification and proactive management of deteriorating credits and other problem situations

• Work with various departments and stakeholders (Trading/Marketing, Collections/Billing, Settlements, IT, Treasury, Accounting, etc.) in counterpart system set-up, resolving issues, managing counterpart risk/exposures and ensuring compliance with credit policy

• Maintain all credit related data within the systems

Location and other Key Details:

• We are open to candidates local to the following two locations. Relocation is not provided for this office-based role.

  • Houston office, located at 2 Allen Centre, 1200 Smith St.

  • Calgary head office, located in the Suncor Energy Centre at 150 – 6th Ave S.W.

• Hours of work are a regular 40-hour work week, Monday to Friday, with the potential for extended work hours based on business needs.

• Our business professional roles follow internal compensation guidelines and the pay band will generally be based years of experience and scope of work.

Why Suncor?
 

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