Quantitative Risk Analyst

TBD
WHO WE ARE  
“Energizing the Future.” 
TransAlta owns, operates, and develops a diverse fleet of electrical generation assets in Canada, the United States, and Australia, providing municipalities, industries, and businesses with safe, low-cost, and reliable clean electricity. For over 111 years, TransAlta has been a responsible operator and proud community member where its employees work and live. We are committed to fostering a dynamic, productive, and safe work environment. Our employees contribute to a diverse, open, and transparent culture with clear accountabilities, strong leadership, and challenging opportunities for personal career growth. 
For more information about TransAlta, visit our website at, 
transalta
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Our Commitment to Equity, Diversity, and Inclusion 
It is our collective mission to ensure that every single employee feels a sense of inclusion and belonging and can show up to work as their true authentic self. TransAlta is committed to hiring a diverse workforce including women, Indigenous Peoples, persons with disabilities, members of visible minorities, and members of the LGBTQ2+ community. TransAlta believes that diversity enhances the quality of its performance, is an essential element of effective corporate governance, and cultivates a strong workplace culture. 
ABOUT THE ROLE 
An exciting and challenging opportunity within TransAlta’s Commodity Risk Management team. Reporting to the Director Analytics & Oversight, the Quantitative Analyst will be responsible for modeling, valuation, and risk analysis associated with TransAlta’s proprietary and asset-backed trading activities which span a range of commodities, products, markets, and regions. In addition, the successful candidate will contribute to a variety of Energy Marketing & Trading projects and business initiatives.
WHAT YOU WILL DO  
-Develop models and leverage industry ‘best practice’ methodologies for the valuation and risk assessment of complex structured electricity, natural gas, and environmental products including financial transmission, contingent, load following, as well as storage and transport contracts.
-Identify and model embedded optionality within commodity contracts.
-Work with a cross-functional team to integrate new products, strategies, and structured deals into processes and systems. Develop and maintain forward commodity price and volatility curves. 
-On a periodic basis, provide valuation and risk assessment / analysis for growth, acquisition, and enterprise risk management projects.
-Keep current on industry standards/ best practices in quantitative modeling and risk management.
 
WHAT WE NEED FROM YOU  
-3-5 years of experience with energy or commodity markets. Knowledge of electricity, natural gas, and environmental markets would be an asset.
-Masters degree in a quantitative discipline such as Applied Mathematics, Economics, Engineering, Finance, or Physics.
-Strong background in mathematical finance and valuation theory.
-Strong Excel (spreadsheet) and database skills. Proficiency with Matlab, Python, and/or ‘R’.
-Understanding of options theory and its implementation in practical situations.
-Experience with stress testing, quantitative modelling, and analysis techniques for structured deal valuation, including Monte Carlo and fundamental based modelling, would be an asset.
-Demonstrated ability to work in a dynamic team environment. Strong interpersonal, verbal and written communication skills.
-Strong attention to detail and time management.
 
We offer our employees comprehensive and flexible benefits, competitive compensation, annual incentives, and a rewards program. To learn more about we can energize your future, check out our new Employee Experience Booklet. 
Become part of our TransAlta team today! 
We look forward to reviewing your application. All applications will be reviewed in a timely manner to the best of our abilities. We appreciate your patience and understanding during the recruitment process.