Senior Manager, Treasury Credit & Market Risk Management

Status: Regular Full Time

Working Conditions: 5 days in office

Education Level: Bachelor's degree in finance, accounting, business, or engineering with a Master's and/or Professional designation (CFA, CPA/CA, or CTP).

Base Location: Oshawa, ON

Temporary Work Location: Toronto, ON

Shifts(s): Days

Travel: Up to 10% within GTA

Deadline to Apply: November 14, 2024

Salary Range: $123,000.00 - $196,000.00 per year

Electrify your career and help build a brighter tomorrow.

Every generation has a challenge that defines them. At OPG, we are calling on all innovators, disruptors, thought leaders and change-makers. Join us to electrify life in one generation and build a sustainable future powered by our electricity, our ideas, and our people. Join OPG and make history.

Whether you work in the skilled trades or are a business professional, a career at OPG is an opportunity to electrify your life on -- and off -- the job.

ACCOMMODATIONS

OPG is committed to fostering an inclusive, equitable, and accessible environment where all employees feel valued, respected, and supported. If you require accommodation during the application or interview process, please advise us as soon as possible so appropriate arrangements can be made.

If you require information in a format that is accessible to you, please contact AODA@opg.com

This position is moving to OPG Corporate Headquarters: In Summer 2025, OPG will officially welcome employees to our new Corporate Headquarters located at 1908 Colonel Sam Drive, Oshawa, Ontario. This new space will enable teamwork, collaboration and innovation that will help us to achieve our mission to electrify life in one generation. This position will be temporarily based in Toronto, ON until the move to Headquarters in the Summer of 2025.

JOB OVERVIEW

Ontario Power Generation (OPG) is looking for a dynamic, strategic and results-driven professional to join our team in the role of Senior Manager, Treasury Credit & Market Risk Management.

Reporting to the Director of Financial Risk and Treasury Operations, the Senior Manager, Treasury Credit & Market Risk Management, will play a key role as a member of the Treasury team, while managing a team of financial risk management professionals.

This role is responsible for measuring, monitoring, and managing OPG's credit and/or market risks across Treasury, Energy Trading, and Supply Chain disciplines. In addition, secondary support will be provided for Liquidity Management, Corporate and Project Specific Financing, and Treasury Operations as needed.

The Senior Manager, Treasury Credit & Market Risk Management, will work closely with OPG's internal stakeholders to quantify and manage financial risk measures (market, liquidity, and counterparty credit risk) and provide value-added advice from a risk management perspective.

This role will foster a collaborative work environment, to ensure appropriate succession planning and training and development opportunities, both within and adjacent to the team.

In the context of the rapid growth expected in the energy transition industry, this role will be crucial to ensure the Credit & Market Risk Management function has the necessary visibility into all risks, and to ensure that the organization remains apprised of important early warning financial risk indicators that could be impactful.

ACCOUNTABILITIES

• Credit & Market Risk Management: To oversee the middle office functions for interest rate risk, counterparty credit risk, and foreign exchange risk, including energy trading, Treasury, fund management, and suppliers. Middle office measures and manages risk, including assessment of risk, forecasting of risk, developing approaches to manage risks, and ongoing monitoring of risks. This requires complex financial modeling and financial risk assessment.
• Performance and Guarantees: Monitor and control OPG's Standby Letters of Credit, Guarantees or Performance Bonds, ensuring they are maintained and within pre-approved limits. Act as key subject matter expert with internal stakeholders for all LC / guarantee requests.
• Financial Reporting: Coordinate the preparation of quarterly reports for financial reporting purposes that effectively and accurately reflect the credit and market risk management activities carried out in the reporting period.
• Improve Business Systems & Processes: Work closely with the Company's various business unit leaders to strengthen the Company's Treasury function by implementing strategies to mitigate financial risk for the company and its business units. Maintain and exercise necessary controls, security, and prudent audit trails for activities and transactions executed by the credit & market risk team. Look for further opportunities to automate, simplify, and integrate into other processes or systems within OPG.
• Team Development & People Management: Provide strategic direction, develop, and supervise the credit and market risk team. Manage capacity and effectiveness of staff; continue to build team engagement, ensuring strong performance while promoting an environment of growth and curiosity for the team.
• Other Duties as Required.

EDUCATION

• Bachelor's degree in finance, accounting, business, or engineering with a Masters is preferred.
• Professional designation (CFA, CPA/CA, or CTP) is considered an asset.

QUALIFICATIONS

• Minimum of 10 years' proven experience and track record in corporate finance, corporate treasury, project finance or corporate credit with an in-depth understanding of energy & capital markets, foreign currency/interest rate risk products, and counterparty credit risk.
• Broad functional knowledge of operations, finance, and IT; broad exposure to North American power and financial markets; ability to apply fundamental computational finance methods to solve problems.
• Strong judgment and ability to engage strategically, to play a key role in supporting management decision-making.
• Strong communication and interpersonal skills; experience in building and maintaining productive relationships and partnerships across the business with various stakeholders internally and externally.
• Strong problem-solving skills, a strong drive and a high level of energy, commitment, and enthusiasm to take on complex and challenging situations.

The successful candidate will exhibit uncompromising integrity and commitment to upholding corporate values, and the OPG Code of Business Conduct.

What Makes a Career at OPG Different?

As Ontario's largest clean energy generator, we're building, expanding, and innovating the equipment and technology that keeps Ontario powered with clean, reliable energy.

At OPG, our values are our strengths. They are fundamental truths about our organization that don't change:

Safety - it's our business

Integrity - always lead with integrity

Excellence - never satisfied with good enough

Inclusion - working together for powerful outcomes

Innovation - creativity accelerates possibility

Here's why OPG might just be the ideal workplace for you:

· Exceptional range of opportunities province-wide

· Long-term career growth and development opportunities

· Electricity is vital to the province and OPG's clean electricity is helping decarbonize other sectors.

Our promise to you:

· We care about the safety and the well-being of our employees. It is our utmost

priority.

· A supportive work environment where you can be your best every day.

· Opportunities to stretch and develop.

· Offer different ways for you to give back to communities where we operate.

· Partner with Indigenous communities and support local businesses.

· We support employment equity, diversity and inclusion.

Are you ready to start a career that has the power to electrify life on and off the job? Apply now.

APPLICATION PROCESS Please submit your application online at https://jobs.opg.com/ by 11:59 PM E.S.T., November 14, 2024. OPG thanks all those who apply; however, only candidates considered for an interview will be contacted.

The base salary range considers many factors including, but not limited to experience, education, and training, including any collective agreement requirements for union represented positions. It is not typical for the salary to be offered near the top of the range, and salary is dependent on numerous factors. For management roles, the base salary range does not represent the total compensation package. The total compensation package for regular full-time management roles includes pay-for-performance programs for annual and medium time periods. Maintaining a high-performance culture and excellence is a core expectation of every member of our leadership team and is rewarded through the established compensation framework.

OPG is committed to employment equity. As such, we encourage applicants from equity-seeking communities (Indigenous Peoples, racialized persons, persons with disabilities, and women). We strongly believe that alleviating the under-representation of equity-seeking individuals will create a stronger OPG team and allow us to better serve the needs of our diverse communities.

In order to fulfill the above-mentioned purpose, priority in hiring may be given to qualified persons who self-identify as a member of equity-seeking groups as identified in the application process. This initiative constitutes a special program under the Human Rights Code/Canadian Human Rights Act.