Senior Market Risk Analyst

Status: Permanent Full Time   

Education Level: 4 years of University in a related field or WES equivalent PLUS 1 year of further concentrated study in fields such as mathematics, finance, engineering

Base Location: Oshawa, ON

Shift: Days

Travel: None

Deadline to Apply:July 1, 2026

Salary Range:$2,966.12 - $3,442.06 Per Week

Electrify your career and help build a brighter tomorrow.

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.

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 Market Risk Analyst.

Reporting to the Senior Manager, Treasury Credit & Market Risk, this position supports the organization’s market risk function. This role involves analyzing, monitoring and reporting on market risks associated with an active energy portfolio, including generation assets and forward contracts across various commodities as well as market risks related to Treasury activities including interest rate, foreign exchange and equity related exposures. The senior analyst works closely with commercial groups to assess proposed transactions and hedging activities are in compliance with risk policies, standards, procedures and limits.  

KEY ACCOUNTABILITIES

• Measure, monitor, and report market risks daily, monthly, and quarterly, ensuring compliance with trading limits, risk limits, and risk management policies.
• Monitor transactions, exposures, and key risk metrics, including positions, Mark-to-Market, P&L Attribution, and Value at Risk, across commodity, FX, and interest rate instruments.
• Conduct price validation and risk assessments for physical and financial commodity trading, FX, and interest rate products.
• Prepare reports and daily commentary on market developments, exposure changes, portfolio activity, and new transactions.
• Develop financial models, tools, and quantitative analyses using Excel, VBA, SQL, Monte Carlo simulations, and other techniques to evaluate market risks.
• Validate material inputs for valuation, risk assessment, and risk-adjusted performance models using observable, historical, and fundamental data.
• Collaborate with traders, commercial groups, back-office, and IT to support compliant transactions, resolve discrepancies, automate processes, and improve systems and workflows.
• Maintain documentation, support policy and process improvements, participate in risk-awareness initiatives, and contribute to Business Continuity testing.

QUALIFICATIONS

• 4 years of university in a related field or WES equivalent PLUS 1 year of further concentrated study in fields such as mathematics, finance, engineering e.g. Master’s or MBA is preferred.
• 8+ years of relevant experience in risk analysis or middle office functions, ideally within the energy or commodities sectors.
• Proficiency in advanced Excel skills and knowledge of databases, SQL, and VBA.
• Understanding of North American natural gas and electricity markets, as well as FX and interest rate products.
• Experience with financial derivatives and an in depth understanding of commodity and foreign exchange transactions and exposure including physical buy/sells, swaps, forwards, futures, and options.
• Analytical and problem-solving skills.
• Effective communication, presentation and project leadership skills.

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

OPG is committed to fostering an inclusive, equitable, and accessible environment. If you require accommodation during the selection process, please contact AODA@opg.com

What makes a career at OPG different?

With operations across Ontario, OPG is one of the most diverse power producers in North America. As the largest generator in Ontario, we meet approximately 50% of the province’s electricity needs, largely from low-carbon sources like nuclear and hydro. 

As we work to achieve our vision of Electrifying life in one generation, OPG and our family of companies are also helping advance the development of new low-carbon technologies such as Small Modular Reactors (SMRs), refurbishment projects, and electrification initiatives to help power the growing demands of a growing economy. Join OPG and make history.

Please submit your application online at https://jobs.opg.com/.  OPG thanks all those who apply; however, only candidates considered for an interview will be contacted.

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Please note: All job postings at OPG are to fill existing vacancies within our organization. 

OPG may use artificial intelligence (AI) tools as part of the applicant screening process. However, applications will also be reviewed by a member of our Recruitment team to ensure a fair and thorough assessment.

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.