Risk Analyst, Commodities

Risk Analyst, Commodities

WHO WE ARE

"Energizing the Future."

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 111 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, www.transalta.com.

ABOUT THE ROLE

Are you passionate about markets, math, and models? Do you love diving into data and building tools that help drive better decision-making? Join our dynamic Risk team where you'll bridge the worlds of trading, analytics, and tech.

TransAlta is currently looking for a dedicated & motivated Commodity Risk Analyst to join our Commodity Risk Management team. You will work closely with Front Office traders and draw on your experience, initiative, energy, and analytical skills to understand, analyze, stress test and report on all aspects of exposures for defined commodities, regions, and trade desk strategies.

This is a full-time position located at our Head Office in Downtown Calgary.

WHAT YOU WILL DO

As the Risk Analyst, Commodities, you will:

• Monitor and analyze commodity trading positions, exposures, and P&L trends
• Interpret and explain key drivers behind risk and performance metrics
• Build and enhance models for Value at Risk (VaR) and stress testing using statistical and fundamental approaches
• Analyze and model complex structured deals—including valuation and risk metrics
• Help design tools and dashboards to monitor exposures, limits, and KPIs
• Contribute to the development of quantitative tools and automation for risk workflows

WHAT WE NEED FROM YOU

To be successful in this role, we are looking for the following must-have qualifications and experience:

• 2-5 years of experience in commodity markets or related financial domains (bonus if you've worked with linear/non-linear derivatives)
• A degree in a quantitative or technical field such as Mathematics, Finance, Economics, Engineering, Physics, or Computer Science
• Solid programming skills—Python, R, or MATLAB preferred
• Experience with SQL, spreadsheets, and/or BI tools like Power BI or Tableau
• A strong foundation in probability, statistics, and quantitative modeling
• Familiarity with stress testing frameworks, Monte Carlo simulations, or scenario analysis
• Knowledge of electricity, natural gas, and emissions markets is a strong plus
• You're a self-starter who can take initiative, own projects, and drive them forward with minimal direction
• Excellent communication skills and the ability to translate complex models into actionable insights
• Comfortable working in a collaborative, fast-paced, and evolving environment

Nice to haves

• Interest in or progress toward the CFA Program
• Experience working in a fast-paced trading, analytics, or risk management environment
• You've built or contributed to internal tools or risk models before
• You enjoy working across disciplines with traders, data scientists, and software developers

WHAT WE OFFER

• Competitive compensation
• Annual incentive program
• Pension plan with company-matching options
• Comprehensive and flexible benefits for you and your family
• Vacation and personal days
• Employee Rewards Programs
• Annual Wellness Payment
• Opportunity to bridge the worlds of trading, analytics, and tech

To learn more about how we can energize your future, check out our new Employee Experience Booklet.

Become part of our TransAlta team today! We look forward to reviewing your application.

Don't meet every single requirement? Studies have shown that women and people of color are less likely to apply for a job unless they meet every single qualification. At TransAlta, we are dedicated to building an inclusive, diverse workforce where you can show up every day as your true, authentic self. So, if you're excited about this role but your qualifications and experience don't quite tick every box, we encourage you to apply anyways. You might just be the candidate we are looking for.

Our Commitment to Equity, 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 of effective corporate governance, and cultivates a strong workplace culture.