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Risk Manager (18-Month Contract)

NORTHLAND POWER20 days ago
Toronto, ON
Senior Level
full_time

Top Benefits

Competitive RRSP matching scheme of 8%
Extended health, dental and vision benefits for yourself and your immediate family from day one
Paid parental leave

About the role

Who We Are:
At Northland, we’re enablers of change, united by our journey to transform the energy sector into the foundation for a sustainable future.

Since our inception, we’ve been early movers in the energy industry, adopting new initiatives that pave the way for communities across the globe and helping forge their path towards a carbon-neutral landscape.

We’re a different kind of independent power producer. As developers, owners and operators who are at the forefront of the energy transition, we’re uniquely positioned to leave a lasting impact in the regions where we operate. We’ve expanded our business across Canada, the United States, Latin America, Europe and Asia to become a global leader, all by bringing together industry experts to find solutions with an entrepreneurial mindset.

While our work powers communities across the globe, Northland is powered by our people.

As Risk Manager, you will play a key role for our renewables portfolio and corporate activities by leading the market risk management function and by supporting the broad risk team in the other risk management areas. Reporting to the Senior Director, Head of Global Risk Office, you will work closely with all members of the Finance, PMO and Business Units teams, as well as the broader Northland organization.

This role will be based in Toronto.

Key Responsibilities:

  • Ensure that the market risk exposures for existing assets are known, and risk management strategies are designed and implemented.

  • Coordinate with the Front Office to track their hedging activity and ensure compliance with risk management strategies and policies.

  • Support business units in developing their business cases by validating assumptions for all factors related to foreign exchange, interest rate or inflation. Enhance strategies to standardize these inputs across the company.

  • Enhance or develop methodologies for building forward curves, modelling volatilities, and sizing market risk contingencies in development projects.

  • Develop models for complex exposures or risk management strategies.

  • Provide markets insights related to news, liquidity, and forecasts while detecting threats and opportunities. Support leadership by escalating material market movements.

  • Lead or support critical risk initiatives across enterprise risk, operational risk, and strategic risk domains.

  • Conduct quantitative and qualitative risk analyses using advanced modeling techniques (stress testing, Monte Carlo simulations). Support the development of new tools for portfolio risk and scenario analysis.

  • Participate in various cross-functional projects and initiatives including systems improvement, business development activities, and other changes necessary to support dynamic business needs and requirements.

  • Execute other related assignments and responsibilities as required.

Who you are:

  • A strong communicator: You have excellent communication skills, both verbal and written, with the ability to present complex information clearly.

  • Collaborative: You build relationships, seek diverse perspectives, leverage effective communication, and encourage cross-functional interactions.

  • Proactive problem-solver: You evaluate problems through critical thinking. You have a knack for creative problem-solving and can develop and implement innovative solutions.

  • Analytical: You have the ability to interpret data and make informed decisions.

  • Thinking like an owner: You demonstrate initiative and ongoing commitment to the team’s goals and take responsibility for your actions and the quality of your work.

Qualifications:

  • 5-7 years of experience in back-office, middle-office and/or risk management, ideally in the energy space or an industrial organization.

  • Experience with hedging / trading activities and understanding of macroeconomic markets (currencies, interest rates) is mandatory.

  • Experience with risk modelling or financial modelling, including Monte Carlo or VaR-type models.

  • Proficiency in Excel is essential, along with familiarity in data management and data visualization tools (Power BI, Tableau). Proficiency in Python or SQL for risk analytics is a plus.

  • A certification type FRM or CFA would be considered an asset.

  • Demonstrated ability to lead cross-functional risk projects and influence senior stakeholders.

What’s In It for You:

Our employees are the driving force behind our achievements. We are unwavering in our commitment to not only recognise your contributions but also to empower you to excel in every aspect of your life. Here's a glimpse of why Northland is the place where you'll truly thrive:

  • Thoughtful benefits – A competitive RRSP matching scheme of 8%; extended health, dental and vision benefits for yourself and your immediate family from day one; paid parental leave; Accident and Life Insurance and disability benefits are just a few of the benefits you’ll be able to access.
  • Wellbeing first – Staying true to our taking care of ourselves and each other value, you will have access to our global Wellness Program and Employee Assistance Program, including access to mental health resources.
  • Floating days and Birthdays off – As part of our commitment to promoting a healthy work-life balance, you will get your birthday off so you can celebrate however you choose! You will also receive three additional days off annually to observe any other events that are important to you.

We hire talented and passionate people from different backgrounds. If you’re excited about a role but your past experience doesn’t align perfectly with this job description, we still encourage you to apply. Learn more about our

diversity, inclusion and belonging commitments

.

Disclaimer

This document is a guide. The duties, responsibilities, and requirements of the jobs as described herein are not inclusive and are subject to change.

Northland Power is an equal opportunity employer and we are committed to creating a fair, inclusive and accessible environment. As part of our commitment we work to ensure our application process is accessible to all candidates. If you require special assistance or accommodation during the hiring process, please notify a member of the HR Department.

#LI-OV1

#LI-ONSITE

About NORTHLAND POWER

Oil and Gas
501-1000

Northland Power is an independent power producer founded in 1987, and publicly traded since 1997. Northland develops, builds, owns and operates sustainable infrastructure assets that produce efficient natural gas and green​ solar and wind energy, providing long-term value to shareholders, stakeholders and host communities.

We have operating facilities that generate 2,681 MW (gross) and 2,266 MW (net) of electricity, with an additional 130 MW (gross) of generating capacity under construction and 2,674 MW (gross) and 1,645 (net) of generating capacity in advanced development.

Northland aims to continually increase shareholder value by developing and acquiring high-quality projects supported by long-term revenue contracts and/or expertise in the relevant markets, while carefully managing and mitigating project risks. We focus on renewable and sustainable energy sources with the goal of improving the impact of resource usage in our environment.

We seek out technologies and jurisdictions where we can apply an early mover advantage and establish a meaningful presence. We inspire our people to achieve excellence in everything they do, living Northland's values on a daily basis. Our on-time, on-budget project execution record and consistent investor returns result from these strategic choices.

Our development efforts and operational practices focus on ensuring Northland will continue to provide long-term benefits to our communities, customers, investors, employees and partners. Whenever possible, we pursue active partnerships with First Nations and local municipalities.

Northland's common shares, Series 1, Series 2 and Series 3 preferred shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B and NPI.PR.C respectively.

Northland Power – Intelligent Energy for a Greener Planet™