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Quantitative Analyst

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Date: May 19, 2021

Location: Calgary, AB, CA

Company: TransAlta

ABOUT OUR COMPANY

 

“Powering Economies and Communities”

 

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 100 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, www.transalta.com

 

ABOUT THE ROLE

 

An exciting and challenging opportunity within TransAlta’s Commodity Risk Management team.  Reporting to the Manager 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.

 

ACCOUNTABILITIES

 

  • Develop models and leverage methodologies for the valuation and risk assessment of complex structured power, 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 non-standard 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.

 

QUALIFICATIONS 

 

  • 2-5 years of experience with energy or commodity markets.  Knowledge of power, 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.

 

Our comprehensive and flexible benefits, competitive compensation, incentive, and rewards programs form the foundation of TransAlta’s excellent employment proposition.

 

Come on board!

 

Our commitment is to attract and retain the best talent. Some positions may require the successful completion of one or more background checks such as criminal, medical, or compliance. If these verifications are needed, they will be indicated on the job posting.