Petroleum Engineer

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BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$1.1 trillion total assets and approximately 53,000 employees as of October 31, 2025. #BMOCapitalMarkets

The Energy Team in Calgary is currently hiring a Petroleum Engineer for North America. The successful candidate will provide technical expertise, reservoir and asset evaluation, and analytical insights to support transaction execution, client advisory, and investment decision-making across upstream oil & gas assets.

Job Description

As the Petroleum Engineer you will play a critical role in bridging technical petroleum engineering expertise with capital markets decision-making, supporting credit adjudication, portfolio risk management, and transaction execution. This role requires a strong understanding of how reservoir performance, development strategy, and commodity assumptions translate into lending risk, valuation, and capital structuring decisions.

In addition to technical evaluations, the Petroleum Engineer will contribute to structuring discussions, client strategy, and portfolio monitoring, providing insights into asset quality, sustainability of production, and capital efficiency across client portfolios. Operating precisely at the intersection of engineering, finance, and risk, requiring both deep technical expertise and strong commercial acumen, the role aligns well to those seeking a role to leverage their expertise within capital markets.

Key Accountabilities

• Translate engineering analysis into actionable credit insights, including borrowing base recommendations, covenant considerations, and risk mitigation strategies

• Support deal teams in structuring lending facilities by assessing asset quality, decline risk, capital intensity, and commodity exposure

• Provide ongoing portfolio surveillance, identifying early warning indicators related to production performance, cost inflation, reserve revisions, or capital program changes

• Partner closely with risk management, credit adjudication, and front-office teams to ensure alignment between technical findings and credit decisions

• Contribute to syndicated lending processes, interacting with external engineering evaluators, partner banks, and client technical teams

• Enhance internal technical models, tools, and processes to improve consistency, efficiency, and defensibility of reserve-based lending evaluations

• Deliver clear, concise, and defensible technical opinions in high-stakes forums including credit committees and senior leadership discussions

• Support stress testing and scenario analysis (commodity price, cost escalation, production variability) to assess portfolio resilience

• Act as a mentor to junior engineers and analysts, contributing to capability building within the Technical Services function

• Provide insights into energy transition risks and opportunities, including asset decarbonization, regulatory impacts, and evolving capital allocation trends

QUALIFICATIONS:

• 12+ years of oil and gas technical engineering experience.

• Currently a licensed engineer or technical professional within Canada.

• University degree with a focus on Engineering, Geology, Geophysics or similar background.

• Prior experience in corporate or investment banking or capital markets experience is considered an asset.

Technical & Engineering Depth

• Demonstrated expertise in reserves evaluation methodologies, including NI 51-101, and SEC public disclosure rules, and SPEE–COGEH and SPE-PRMS associated reporting standards

• Strong experience in decline curve analysis, type curve generation, and probabilistic forecasting techniques

• Familiarity with unconventional resource evaluation (tight oil, shale gas, oil sands, SAGD) and associated development considerations

• Experience reviewing and challenging third-party reserve evaluations and technical assumptions

Capital Markets & Commercial Acumen

• Strong understanding of reserve-based lending structures, borrowing base mechanics, and redetermination processes

• Ability to connect engineering outputs to financial metrics such as net present value (NPV), debt capacity, and risk-adjusted returns

• Experience supporting or advising on M&A, A&D transactions, or financing processes is strongly preferred

• Knowledge of commodity markets, hedging strategies, and macroeconomic drivers impacting upstream valuations

• Ability to provide independent challenge and informed recommendations in complex, high-value decision-making environments

Data, Tools & Innovation (Modernization Layer)

• Advanced Excel and financial modeling skills; experience integrating engineering and financial datasets.

• Experience with Oil and Gas industry database modeling tools: ValNav & Mosaic in Canada plus PHDWin & Aries in USA.

• Experience with data analytics tools (Power BI, Python, SQL) to enhance reporting and efficiency is an asset

Industry & Market Awareness

• Deep understanding of the Western Canada Sedimentary Basin and broader North American oil and gas landscape

• Knowledge how in Canada and the U.S., resource royalties and production taxes on oil, gas, and mining are governed by a distinct mix of federal, state/provincial, and private systems.

• Awareness of evolving regulatory requirements, ESG considerations, and energy transition dynamics

• Active participation in industry associations or professional networks (e.g., SPE) is considered an asset

The base salary for this specific role in Calgary is $175,000 CAD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements).

Salary:

Pay Type:

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.