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?