****.********@*****.***
Resume:
RICH PSENICKA, B.COMM – FINANCE
****.********@*****.***
PROFILE
Over 3.5 years of Credit/ Risk management experience in the Oil and Gas Industry with emphasis on disseminating analytical information clearly (written and verbal) in professional environments. Extensive computer knowledge using various credit/ risk, banking systems and software packages (Word, Excel and PowerPoint), Lotus Notes and Internet Skills. A team player who enjoys a multifaceted high-energy environment, continuous learning and applying new skills to challenging tasks.
WORK EXPERIENCE
Natural Gas Exchange Inc. (NGX) 2007 – 2009
Margin & Risk Analyst
Key Accountabilities:
• Mitigated counterparty trading risks through the management of $3 billion dollars in cash and Letters of Credit to protect the Exchange from counterparty defaults
• Monitored daily counterparty trading patterns through various risk systems and platforms that allowed for accurate and timely margin requests
• Managed physical and financial AP/AR settlement cycles to ensure active counterparties settled monthly invoices to continue trading
• Worked directly with in-house brokers to provide direction and support on counterparty position limits, which allowed for maximum and efficient use of counterparty financial security assurances
• Liaised with counterparty front offices to provide risk assessment and clarity on forward positions to ensure future trading was within acceptable limits
• Supported a growing business with new customer sign ups in Canada and the US, starting with initial customer contact to finalizing the process by opening new customers for clearing
• Provided customer support services to counterparty middle and back offices on Exchange traded products, initial margin pricing and mark-to-market valuations to ensure smooth business practices were conducted at all times
• Supported operational activities through daily settlement checks and variance analysis’ that provided accurate reporting of price curves
• Maintained index and initial margins using numerous internal quantitative analysis techniques that highlighted price curve errors, which were then smoothed for accurate initial margin pricing
• Conducted annual counterparty credit reviews on over 220+ Oil and Gas companies to ensure all customers were in compliance with corporate policies and procedures
Skills Acquired:
• Gained essential banking, risk, operational and time management skills
• Built valuable relationships with numerous companies within Oil and Gas Industry
• Acquired in-depth knowledge of pipeline trading locations throughout North America
• Obtained vital experience in the creation and management of a growing business
Enbridge Inc. 2006 – 2007
Analyst, Credit Risk Management
Key Accountabilities:
• Oversaw new and existing counterparty credit requests for EGSI, EGDI and ESD that provided open credit for the gas services trading group and helped an emerging business
• Evaluated counterparty credit worthiness through extensive financial statement analysis and conducted credit review write ups for managements approval
• Set unsecured credit limits through the direction of internal credit risk management policies that added a well-built customer base for three growing gas portfolios
• Worked directly with legal, contracts, and commodity trading groups to ensure efficient business practices were conducted at all times
• Negotiated NAESB, Gas EDI’s and other energy related contracts
• Supported ongoing development and management of credit risk systems to guarantee proper reporting was presented when requested
• Conducted day-to-day credit risk exposure reporting in Openlink systems
• Ensured credit and trading exposures were updated daily and priced accurately
Skills Acquired:
• Obtained essential portfolio management skills for a growing business
• Acquired in-depth financial statement and risk management analytical skills
• Developed strong working knowledge of credit risk systems and reporting functions
• Heightened my attention to detail and ability to prioritize extensive workloads
• Further enhanced presentation skills through morning market meetings
Enbridge Inc.
Jr. Analyst, Credit Risk Management
Key Accountabilities:
• Maintained credit risk databases to certify and guarantee that accurate credit risks were conveyed to Senior Management and members of the board at all times
• Monitored, issued and updated financial security assurances that ensured all credit risks were mitigated
University of Lethbridge Spring 2006 – Part-time
Research Associate/ Analyst
Key Accountabilities:
• Examined the value of Social Responsible Investing in a broad investment universe to assess the significance of investing in securities that strictly abide by social responsible acts
• Conducted extensive stock pricing research on 100 public companies to obtain data on stock returns over a twenty year period
• Analyzed and tested the correlation between various investment profiles and the value of stock returns generated by social responsible companies. Once completed, we than compared the results to companies whom are not considered socially responsible and determined that varying investment returns are not correlated to company acts
• Objectively analyzed financial data within various mathematical/academic studies and applied the data to written reviews on sixty academic papers
Skills Acquired:
• Gained an appreciation of strategic thinking and the value of analytics
• Experienced using various methods and properties of MSExcel
• Developed time management and problem solving skills
University of Lethbridge
Management Students Society, Corporate Relations Officer – Volunteer ~ 20 hrs/ week
• Raised over $20,000 through planning, organizing and overseeing various fundraisers for numerous charitable organizations within Lethbridge
• Developed and implemented student discount cards for over 2,300 University students
• Provided a social atmosphere and networking opportunities for new students at the University
EDUCATION & PROFESSIONAL DEVELOPMENT
Finance Degree – Bachelor of Management, University of Lethbridge
• Developed strong analytic, strategy, problem-solving and time management skills through course work and managing to handle two finance jobs for the University
• Obtained financial modelling experience using various simulations that provided insight on financial modelling
• Highlighted Course Work:
o Financial Management 2006
o Derivatives and Securities 2006
o Futures and Options 2006
o Portfolio Management 2006
o Corporate Finance 2005
o Financial Accounting 1 & 2 2004
Phoenix Energy Marketing - Introduction to Canadian Natural Gas Marketing
• Highlighted Course Work:
o Natural Gas Purchase Contracts
o Natural Gas Pricing Fundamentals
o Price Risk Management
o Credit Risk Management
o Natural Gas Pipelines & Storage
o Natural Gas Markets
IECA
• International Energy Credit Association member since 2006
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