Risk and Market Analyst – Sarnia, ON

Careers

Reports to: Chief Financial Officer, Factor Gas Liquids Inc.

Location: Sarnia, Ontario, Canada

Position Summary:

The Risk and Market Analyst is responsible for the execution of policies, procedures and strategies created by the Risk Management Committee and the Office of the CFO. The Risk and Market analyst will also support the Marketing and Trading and Commercial Development and Origination divisions.

Responsibilities:

  • Operate the mark to market and value at risk models on a daily basis
  • Ensure the accuracy, reporting and internal communication of mark to market and value at risk models
  • Research and analyze the NGL, crude oil and currency markets on a daily basis and report findings to the Marketing and Trading division
  • Assist the Marketing and Trading division with market pricing enquiries
  • Assist in the execution of financial and physical trading in the NGL, Crude Oil and Currency markets
  • Assist in the quantification of risks associated with new, existing and expansion projects within the Commercial Development and Origination division
  • Support the office of the CFO with enterprise risk, corporate governance, regulatory and operational risk, business continuity, information and security risk, technology risk and market and credit risk
  • Review all deal tickets to ensure compliance with traders Delegation of Authority and Factor’s Risk Management Policy and report any deficiencies or breaches
  • Develop and maintain trading and risk relationships
  • Remain current with all regulatory requirements and communicate to the office of the CFO potential changes to regulatory requirements
  • Attend industry specific conferences and functions
  • Identify qualitative factors that have the potential to affect Factor’s overall business
  • Coordinate with pricing analyst to combine multiple pricing sources and communicate prices to Factor on a daily basis
  • Serve as an active member of the Risk Management Committee
  • Interact with trading houses/partners for the negotiation and creation of financial contracts and commitments that complement organization profitability and initiatives
  • Monitor and review risk management practices on a periodic basis to ensure best practices and accuracy of models
  • Assist with the support, education and training to staff, commonly at management level
  • Conduct sensitivity and scenario analysis on the mark to market and value at risk models

Qualifications:

  • A minimum of a Bachelor degree in one of the following: Business, Economics, Mathematics, Computer Science or Engineering
  • Excellent modelling skills in Microsoft Excel. Programming skills including VBA is a benefit but not a requirement.
  • Desire to pursue CFA, CMA, CGA, FRM
  • Very strong interpersonal, organizational and analytical abilities
  • Written and verbal communication at a high level is a must
  • Knowledge of financial derivate markets, currency markets and energy markets (specifically NGL’s and crude oil)
  • Ability to prioritize and independently work on multiple tasks at one time as well as work collaboratively on group projects

If you are interested in this opportunity please send cover letter and resume by email to:

Drew Shaw
Risk Manager
drew@factorgas.com

**New Grads please include transcripts.

Retirement of Kathryn Poole, CFO. Tony Torti appointed CFO and Jennifer Soetemans appointed Controller

Announcements

Factor Logo

March 31, 2015

Organization Announcement

For the past 14 years Factor has relied on Kathryn Poole for her leadership, guidance and the stewardship of our financial health.  Effective April 1, 2015, Kathryn will resign her role as C.F.O. of Factor.  On behalf of the Board of Directors and the entire Factor team, I would like to extend our sincere gratitude to Kathryn for her efforts and her absolute dedication to Factor and to every member of the Factor team.  I can say with no exaggeration, Factor would not be where we are without her.  Kathryn will remain with Factor until June 30, 2015 in a transitional role and as the lead in our EnteroOne implementation.  Again, Kathryn, thank you for all you have done for Factor.

As a Board of Directors, it is imperative we plan for succession.  Adhering to this mission, the Board of Directors is pleased to announce the appointment of Tony Torti as Factor’s new C.F.O., effective April 1, 2015.  Tony joined Factor as Controller in June of 2008.  We thank him for his efforts in that role and congratulate him on this new appointment.  Reporting to Tony will be Jennifer Soetemans, Drew Shaw and Mary Clark.

In conjunction with Tony’s appointment to the C.F.O. position, Jennifer Soetemans will assume the role of Controller.  This appointment will also be effective April 1, 2015.  Reporting to Jennifer will be Eva Johnston and Bonnie Houle.

Please congratulate Tony and Jennifer as they move into their new roles and thank Kathryn for her contribution to Factor.

Russ Duffee,
President

 

Retirement of Barry Vosburg, CEO

Announcements

 

Factor Logo

March 31, 2015

Organization Announcement

 

Good day all,

 

On behalf of Factor and the Board of Directors, I would like to announce the retirement of Mr. Barry Vosburg from the role of C.E.O. and the day to day operations of Factor Gas, effective March 31, 2015.  For the past 20 years, Barry has poured his heart into the growth of the Factor group of companies, leading through good times and bad, while always keeping the team at Factor foremost in his thoughts.  As a result of Barry’s focus and leadership, Factor has grown into a thriving marketing and trading business, with a solid base of customers and a very bright future.

 

Barry will remain as the Chairman of the Board of Directors and President of Factor Energy Facilities Canada.  In these roles, he will be key in the strategic direction of Factor and will continue his stewardship of the performance of Factor as well as the regulatory and risk compliance of the team.  Barry will continue to have his Factor telephone extension and a Factor email address.

 

The entire Factor team would like to thank Barry for his commitment to the success of Factor and wish him all the best in any future endeavor he undertakes.  Factor would literally have not been the same without Barry and his leadership over the past 20 years.

 

Please join me in congratulating Barry on his retirement.

Russ Duffee,
President

 

Factor Gas Liquids and Dowler-Karn Press Release

Announcements

 

Factor LogoDowler Karn Logo

 

 

 

 

 

 

 

DOWLER-KARN LIMITED EXTENDS PROPANE SUPPLY CAPABILITIES BY ENTERING INTO AGENCY AGREEMENT WITH FACTOR GAS LIQUIDS INC.

Factor Gas and Dowler-Karn are proud to announce the establishment of an exclusive Agency Supply Agreement. Factor Gas acting as the exclusive Propane supply Agent will source and supply all of the Product for Dowler-Karn demand. Dowler-Karn and Factor Gas have an existing partnership in the St Thomas Ontario Terminal, as part of the agreement the two organizations will expand and continue to optimize shipments into and out of the Terminal. Through the Agency Agreement both Dowler-Karn and Factor Gas will jointly target to grow the demand and supply position of both organizations while continuing to provide great service to the Central Canada Propane market.

About The Factor Group:

Factor is a full service, independent marketer of liquefied petroleum gases (LPG’s) and other petroleum products. For over 20 years Factor has provided national and international sales of a wide range of products to meet the energy needs of any customer, from small businesses to large corporations.

About Dowler-Karn:

Dowler-Karn Limited is a third generation family owned business that has been distributing energy products (Propane, ESSO Fuels and MOBIL Lubricants) throughout Ontario for over 70 years. With Six branch offices and eight 24 hour fuel centers they service over 16,000 Residential, Agriculture, Commercial, Industrial and Wholesale customers.

For Further Information please contact:

Factor Gas Liquids Inc.
Robb Fransoo | Vice President Sales & Marketing
403 472 0078 | rfransoo@factorgas.com
Or
Trish Gogas | Sr. NGL Marketer
519 333 2900 | tgogas@factorgas.com

Dowler-Karn Limited
Dave Karn | President
519 631 3810 | davekarn@dowlerkarn.com
Or
Dan Kelly | Chief Financial Officer
519 631 3810 | dkelly@dowlerkarn.com