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Analyst, Crude Oil

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Date: Apr 16, 2018

LOCATION: Calgary, Alberta (CA-AB)

Job Overview

Reporting to the manager, trading performance, you will be responsible for providing near-term market intelligence and fundamental analysis across both local and global regions to promote trading strategies. Duties also include monitoring inventory, trade book exposures and P&L to facilitate trading execution, market risk management, management reporting and compliance.

Key Accountabilities

  • Conduct supply and demand analysis to generate trade strategies and identify market and pricing trends
  • Design, develop and support short-term data and trading tools
  • Utilize advanced modeling techniques to determine the relationship between energy market variables
  • Assist in the development of the team’s short term outlooks, including global and regional changes in production rate, capacity levels, tankage and infrastructure
  • Support the team in identifying, evaluating and modeling optimization opportunities related to pricing, forecasting, transportation and other commercial terms
  • Aid in the development, training and mentorship of colleagues in the team
  • Providing timely valuations of physical and financial trading book positions, exposures and P&L to facilitate trading execution, market risk management, management reporting and compliance
  • Complete value-add analysis of trading strategies
  • Monitor and manage inventory within the CTRM
  • Maintain and manage tracking of all commercial terms associated with trading books, particularly costs
  • Take initiative to continuously improve existing processes, tools and models with the aim of improving overall performance and reliability

Required Qualifications

Experience and Education:

  • Seven or more years of experience in a commodity based trading environment
  • University degree in business, finance, accounting, engineering or a related field

Skills and Knowledge:

  • Proficiency in Microsoft Excel is required
  • Knowledge of data mining, modeling and data analysis using excel and VBA is an asset
  • Familiarity and experience with CTRMs a plus; particularly Commodity XL
  • Basic knowledge of North America physical crude oil markets and logistics is an asset
  • Knowledge of financial and physical trading instruments such as forwards, futures, swaps and options an asset
  • A proven ability to quickly build and maintain positive, effective relationships across all levels in an organization
  • Exceptional thoroughness and accuracy through attentiveness to detail  

Why Suncor
Go ahead. Expect growth. We want you to have a job you're genuinely excited about - as well as opportunities to learn and challenge yourself or mentor others. Plus, Suncor Energy offers a flexible employee package that can be adjusted to suit the changing needs of your life, including:

  • Competitive base salary and compensation programs
  • Attractive annual incentive program
  • Flexible benefits package
  • Rewarding pension and savings plans

Our mission to create energy for a better world begins with caring about the communities we live and work in, while responding to your interests and concerns. Read our Suncor Connections newsletter to see how we're living up to our commitment to keeping you informed.

Business Overview
Suncor Energy is Canada's energy company - meaning rewarding opportunities for you to apply your knowledge, contribute and grow in a variety of career-building positions. Our business portfolio spans the entire energy sector, from a leadership position in oil sands development, to refining and marketing operations, natural gas, and conventional oil production, internationally and offshore East Coast Canada.

And while we are working to responsibly develop petroleum resources and contribute to the communities where we live and work, we are also developing our renewable energy portfolio, which includes wind power and biofuels.

As part of Suncor's team, you'll contribute to the ongoing success of Canada's largest energy company - one with a solid track record of growth, a focus on safety and sustainability and tremendous potential for the future. And you'll have the opportunity to learn from experts in the industry and build on your skills every day.

Suncor promotes diversity and inclusion in the workplace. Suncor is an equal opportunity employer and encourages applications from all qualified individuals. Suncor is committed to accessibility and accommodations will be provided to applicants upon request. At Suncor, we are dedicated to building a workforce that reflects the diversity of the communities in which we live, and where every team member has the opportunity to reach their full potential.

Not sure if this particular listing is the right opportunity for you? Please join our Talent Community at and click on Careers, or follow us on LinkedIn, Facebook and Twitter for the latest job listings and employment news.

Please note that our job postings are typically open for two weeks, so if you are interested and qualified, apply now.

JOB CATEGORY: Business Professionals

Job Segment: Oil, Engineer, Sustainability, Offshore Oil, Energy, Engineering

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