Analyst, Quantitative Energy

Determined. Imaginative. Curious. If these are some of the ways you describe yourself — we want to learn more about you! At TC Energy, we are Energy Problem Solvers — passionate about transitioning North America to cleaner energy while meeting the energy demands of today and tomorrow. If that sounds like a challenge you want to help tackle, we want you to join our team!

Posting Close Date: May 15, 2024

The Opportunity

Our Commercial Marketing Analytics Team is growing to help support the growth of our non-regulated affiliate Natural Gas, Power and Emissions marketing and trading business, and we are currently looking to add an #energyproblemsolver as an Analyst, Quantitative Energy, based in Calgary, AB; Toronto, ON or Houston, TX.

Reporting to the Director, Portfolio, Structuring and Long Term Analytics, this position is part of the team responsible for fundamental, quantitative, and valuations support of the trading and origination groups and information support for the risk and finance teams. This integral team member will convey that work into tangible reports, analyses, and recommendations for the commercial and trading teams.

What you’ll do

• Build and maintain quantitative pricing and risk management models for power and natural gas products
• Act as the in-house expert in understanding and quantifying the risk around our portfolio of physical and financial positions, customer obligations and other commercial arrangements
• Validate trade terms, prices, and positions, model and report risk metrics, such as mark to market (MtM), profit and loss (P&L), earnings at risk (EaR), and other volumetric measures of asset portfolios and trading positions
• Collaborate with the commodity desks to develop hedging strategies by analyzing position reports and forward curve dynamics
• Work collaboratively with the Power and Gas trading desks to provide superior, real-time analytics to quantify opportunities and risks
• Identify the risks of new transactions and their impact on the existing risk profile and gross margin of the portfolio
• Establish and maintain effective working relationships with others in the organization including Trading, IT, and Market Risk personnel to ensure proper implementation of models

Minimum Qualifications

• University degree in statistics, math, finance, commerce, economics
• 6 years of related experience
• 3 years of solid analytical work experience in quantitative energy analysis in North American electricity or natural gas markets
• Understanding of energy trading and pricing mechanisms, including forward curves, financial instruments, basis calculations and hedging strategies
• Robust knowledge of statistics, time series analysis, financial mathematics, and hands-on experience with price forecasting models
• Advanced proficiency in Excel (experience with Power Query is an asset) and SQL
• Strong coding experience using one or more scientific programming languages such as Python or R
• Proficiency in report building and data visualization tools: Power BI, Tableau, R, etc.

Preferred Qualifications

• Master's or Ph.D. in Math, Finance, Economics, Engineering, Operations Research, Statistics, or related field
• Familiarity with energy trading and risk management (ETRM) systems, such as Endur
• Experience with optimization tools and techniques (e.g. linear programming, quadratic programming, dynamic programming, heuristics, data science etc.)
• Understanding of complex power transactions such as Power Purchase Agreement (PPA), carbon and renewable energy credits, power retail pricing, capacity and toll pricing, options, and energy asset management agreements

To remain competitive, support our high-performance culture and allow for more flexibility in the way we work, we offer a hybrid work model and flexible dress code for our eligible office-based workforce in Canada, the U.S. and Mexico. #LI-Hybrid

About our business

TC Energy is a leading energy infrastructure company in North America. We have three complementary businesses of natural gas pipelines, liquids (oil) pipelines, and power generation. Our operations span three countries, seven Canadian provinces, and 34 U.S. states.

TC Energy is an equal opportunity employer.

Learn more

Visit us at TCEnergy.com and connect with us on our social media channels for our latest news, employee stories, community activities, and other updates.

Thank you for choosing TC Energy in your career search.

* Depending on qualifications, the successful candidate may be offered a position at a more appropriate level and/or ladder.

* Applicants must have legal authorization to work in the country in which the position is based with no restrictions.

* All positions require background screening. Some require criminal and/or credit checks to comply with regulations.

* TC Energy is committed to provide employment opportunities to all qualified individuals, without regard to race, religion, age, sex, color, national origin, sexual orientation, gender identity, veteran status, or disability. Accommodation for applicants with disabilities is available on request during the recruitment process. Applicants with disabilities can request accessible formats or communication supports by contacting careers@tcenergy.com.