Senior Commodity Risk Management Analyst

Job Description

As a Senior Commodity Risk Management Analyst, you will support the Trading team by providing reporting, daily and weekly forecasting, and handling ad hoc analytical requests that enable effective decision‑making. Your goal will be to ensure inventory is properly hedged and to minimize price risk exposure for the organization. Your success will depend on your ability to deliver accurate, timely insights, maintain strong risk controls, and collaborate closely with Traders and Management to support trading activity that mitigates financial risk for the company.

If you are interested in this exciting opportunity with Irving Oil, please apply by March 9, 2026.

What We Offer:

• Work Environment - Work onsite in our beautiful home office building with access to a full fitness facility, onsite nurse, and a café
• Competitive Compensation – Including an annual bonus plan, and pension plan
• Flexible Benefits Plan – In effect from day one and offers three levels of coverage to select from to meet your unique, personal needs
• Paid Vacation – Plus an annual option to purchase additional vacation, too
• Wellness Support – With 24/7 access to our Employee & Family Assistance Program

Your Responsibilities:

• Support the development, maintenance, and refinement of inventory hedge coverage daily forecasts to support Futures Traders' activities
• Collaborate closely with other departments to drive improvements to the hedging program
• Provide analytical support for new hedging strategies
• Assist in the implementation and maintenance of Front Office valuation, risk and trade capture systems
• Work with inventory teams to get most up-to-date information from systems on where our inventory levels are at each day
• Provide ad hoc reporting to management and teams. Learn basic functions within team to provide relief as required
• Monitor the financial markets and stay current with economic and market news
• Collaborate with physical and other traders in understanding broader markets and physical product flows
• Provide analysis to compare the effectiveness of the risk management program in relation to the physical inventory balances

Your Skills:

• High attention to detail with numbers; many different prices manually uploaded into our database
• Strong analytical skills to verify information coming from various sources and validate modelling results
• Proven ability to maintain good working relationships with stakeholders including senior leaders
• Strong verbal and written communication skills
• Experience dealing with multiple priorities and deadlines / proven ability to meet hard deadlines
• Proficient with MS Office: Word, Excel. Experience with Excel Visual Basic, Python, SAS, Power BI, or similar applications is an asset

Your Experience:

• Post-secondary education in business, economics, or finance-related disciplines or equivalent experience. University degree a definite asset
• 3-5 years Previous work experience with or within Supply Planning and Futures Trading is preferred
• Familiar with software such as Allegro ETRM or other Energy Trading and Risk Management software
• Good knowledge of financial markets. (knowledge of oil and product market analysis would be an asset)
• Knowledge of Market view and Bloomberg is an asset
• Use modelling to produce reports for Futures Traders and validate information
• Proactively take input from Traders to improve the quality of reports
• Coordinate with Trading team to make sure forecasts up to 30 days are as accurate as possible
• Strong understanding of relevant futures, swaps, and options for crude and products

Irving Oil is committed to supporting a diverse and inclusive work environment. We thrive on the good energy that'screated when our people from different backgrounds, identities, cultures and experiences share their unique perspectives.Diversity is key to our success and inclusion is everyone's responsibility.

Job Requirements - Work Experience

Market Analysis, Supply Management

Job Requirements - Education

Bachelors