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Sr. Quantitative Analyst, Risk

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Date: Nov 26, 2021

Location: Calgary, AB, CA

Company: TransAlta



“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,




We have an exciting and challenging opportunity within TransAlta’s Commodity Risk Management team. Reporting to the Manager Analytics & Oversight, the Senior 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, you will contribute to a variety of Energy Marketing & Trading projects and business initiatives.




Your responsibilities as Sr. Quantitative Analyst, are as follows but not limited to: 


  • 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 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




We are looking for the following preferred qualifications and experience: 


  • 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

  • Extensive background in mathematical finance and valuation theory

  • Proficient Excel (spreadsheet) and database skills. Proficiency with Matlab, Python, and/or ‘R’.

  • Understanding of options theory and its implementation in practical situations

  • Demonstrated ability to work in a dynamic team environment. Strong interpersonal, verbal and written communication skills

  • Exceptional attention to detail and time management



  • Experience with stress testing, quantitative modelling, and analysis techniques for structured deal valuation, including Monte Carlo and fundamental based modelling, would be an asset.


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.




As TransAlta continues to navigate through unprecedented challenges from the COVID-19 pandemic, we want to assure prospective employees of our continued commitment to maintaining a safe and healthy workplace and that we are taking additional measures to help protect our employees and their families from contracting and spreading COVID-19. 


All employees hired, or who begin employment, after November 15, 2021 must provide proof of full vaccination as a condition of employment. Those applicants with appropriate exemptions must identify themselves at the time of interview and provide documentation of the exemption to the TransAlta Disability Management team prior to an offer of employment being made.  


Our Commitment to Equality, 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 to effective corporate governance, and cultivates a strong workplace culture. Click here for our Diversity and Inclusion Pledge.

TransAlta has received certification from Diversio, a technology company setting the global standard for equity, diversity, and inclusion, for its continued commitment to and meaningful performance on ED&I in the workplace.