Petroleum Engineer at BMO Capital Markets — NeverHard

Job Description 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. 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, 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 & gas landscape Knowledge of 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 Base Salary 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). Pay Type Salaried Benefits BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. Compensation may include performance-based incentives, discretionary bonuses, and other perks and rewards. EEO Statement BMO is committed to an inclusive, equitable and accessible workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter. Benefits Information To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards #J-18808-Ljbffr