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.
The Credit Risk Senior 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. You will be able to work independently and provide expertise to help improve the credit processes and policies of the team.
To be successful, you will have 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.
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
Requirements:
- Five year+ 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
- Strong negotiation skills and ability to influence others
- Strong interpersonal skills and ability to work in a multi-cultural environment
- Strong communication skills (both written and verbal)
- Bachelor’s or master’s degree, or equivalent experience
- Experience with TriplePoint CXL, SAP, CubeLogic
- Professional designation (CFA=, CA, CMA, CGA, etc.)
Location and other key details:
- You will work out of our Houston office, located on 1200 Smith St Houston
- Hours of work are a regular 40-hour work week, Monday to Friday, with the potential for extended work hours based on business needs
Why Suncor?
Suncor's operations include oil sands development, production and upgrading; offshore oil and gas; petroleum refining in Canada and the U.S.; and the company's Petro-Canada retail and wholesale distribution networks (including Canada's Electric Highway™, a coast-to-coast network of fast-charging electric vehicle stations).
With a strong strategy for growth and our long-standing approach to sustainability, operational excellence, capital discipline and technology and innovation, Suncor offers a solid foundation for you to continue building your career. We offer rewarding opportunities for you to learn, contribute and grow in a variety of career-building positions – all of which means tremendous potential for your future. We are focused on deepening our commitment to inclusion and diversity and creating a respectful workplace.
We are an equal opportunity employer and encourage applications from all qualified individuals. We are committed to providing a diverse and inclusive work environment where every employee feels valued and respected. We have numerous employee inclusion networks to help foster an inclusive and respectful culture and drive positive change within Suncor. Current networks include both workplace inclusion networks (focusing on inclusion and respect for all), and identity-focused networks (focusing on building community and a sense of belonging and allyship). Through the Journey of Reconciliation, we are progressing the way we think and act to build greater mutual trust and respect with the Indigenous Peoples in Canada. Please note we will consider accessibility accommodations to applicants upon request.
Top Skills
Suncor Calgary, Alberta, CAN Office
150 6 Ave SW, Calgary, AB, Canada, T2P 3Y7
