Company Overview
Welcome to CNOOC International. We are a global energy company and subsidiary of CNOOC Limited with a vision of delivering safe, sustainable energy for all.
CNOOC International, the international division of CNOOC Limited, is a global energy company with operations in Asia, Africa, the Americas, the Middle East and Europe. Our successful growth as an upstream oil and gas producer has been achieved by consistently finding and developing world-class assets.
Our business is focused on safely exploring and producing from conventional offshore, unconventional and oil sands assets. As part of the CNOOC Group of companies, which span the entire energy supply chain, our size and capability create a competitive advantage that ensures we deliver long-term value.
In Canada, CNOOC International has oil sands assets in Long Lake, located in northern Alberta just south of Fort McMurray, which is a SAGD and partial Upgrader operation with production capacity of 85,000 barrels of bitumen a day. We also have interest in several other oil sands projects, including Hangingstone, operated by Greenfire Resources Operating Corporation and Syncrude’s oil sands mining upgrading facility. In addition to our oil sands business, we have shale gas land in Northeast British Columbia, a power station in Balzac, Alberta, and interest in a wind farm in southern Alberta. Calgary is our regional corporate office for all North America.
CNOOC and You
Your career at CNOOC is about moving forward – learning new skills, broadening experiences, and making meaningful contributions. From personal career development that enables you to fulfill your potential, to employee programs that help you make the most of work life balance.
We encourage and promote work-life balance by allowing you to participate in our Compressed Work Schedule (CWS) that will give you two Fridays off per month and flexible work hours.
In exchange for your dedicated work is a total rewards package that not only recognizes your contribution, but also provides for your family. We offer competitive Company-paid benefits that support your mental, physical and financial well-being! Including an annual Wellness Account, a generous paramedical allowance, and access to a team of Virtual Health Care professionals to guide you to the right medical resource. Save for your future by participating in our Pension plan and join our Savings Plan with Company-matching. We encourage you to further step up for your community by giving you two paid volunteer days, volunteer rewards and sports grants to support causes you are passionate about.
Bold ideas, diverse perspectives, and the determination to fuel our success are what set us apart. Therefore, we are seeking a Risk Analyst to join our growing team in Calgary, Alberta. This dynamic role will be instrumental in ensuring the accurate measurement, monitoring, and management of market risks across our crude, gas, and power portfolios, while driving strong governance and strategic middle-office practices.
Your Background
- Undergraduate degree in Economics, Finance, Statistics, or Mathematics.
- 1–4 years of experience in commodity risk management; NA Crude experience strongly preferred, with exposure to Gas and Power markets an asset.
- Strong knowledge of market risk concepts (stress testing, back testing, MtM, P&L, VaR).
- Familiarity with financial hedging strategies and CTRM/ETRM systems.
- Professional designation (CFA, FRM, PRM) or working toward one preferred.
- Advanced Excel skills (macros/VBA); coding experience in SQL, Python, or R is a plus.
- Ability to thrive in a fast-paced, time-sensitive environment with excellent organizational and communication skills.
- Collaborative mindset with ability to build strong relationships across Marketing, Accounting, Treasury, and Audit teams.
Your Role with Our Team
- Independently assess, escalate, and mitigate financial, operational, and reputational risks related to marketing positions and exposures.
- Implement and maintain operating standards and control processes to strengthen risk governance.
- Validate exposures across Front, Middle, and Back Office; independently value physical and financial positions.
- Publish daily exposure and P&L attribution reports, weekly limit utilization, and monthly stress/back-testing.
- Reconcile trades against active hedging strategies; maintain MTM files and calculate P&L.
- Monitor hedging strategies for compliance with signal limits; review trader proposals for alignment with risk policies.
- Conduct margin monitoring, stress testing, and scenario analysis for clearing accounts.
- Govern forward curves and perform Independent Price Verification (IPV); experience with MarketView/ZEMA an asset.
- Manage counterparty onboarding (KYC), credit limit setting, collateral agreements, and coordinate credit reviews.
- Review and approve ISDA Master Agreements, GT&Cs, and confirmations to ensure compliance with credit and risk policies.
- Maintain and enhance risk systems and models; experience with CTRM/ETRM platforms (RightAngle, Allegro, OpenLink, Endur) preferred.
Your Career Development
The opportunities are limitless when you join our team. Our employees are encouraged to drive their development, enhancing their career through experiences, exposure, and education. A mentoring program, on-demand e-Learning courses, and formal training opportunities are all ways in which CNOOC International supports your career growth.
Closing Statement
All positions require background checks which could include:
- Criminal police record check
- Education verification
- Credential verification
Job Reference: CAN02744
