Petroleum engineer at BMO Financial Group — NeverHard

Petroleum Engineer – North America (BMO Capital Markets) As the Petroleum Engineer you will play a critical role in bridging technical petroleum engineering expertise with capital markets decision‑making. You will support credit adjudication, portfolio risk management and transaction execution, translating reservoir performance, development strategy and commodity assumptions into lending risk, valuation and capital structuring decisions. 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 align technical findings with 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. Licensed engineer or technical professional within Canada. University degree focused on Engineering, Geology, Geophysics or a similar background. Prior experience in corporate or investment banking or capital markets is an asset. Technical & Engineering Depth Demonstrated expertise in reserve evaluation methodologies including NI 51‑101, SEC disclosure rules and SPE‑COGEH/SPE‑PRMS reporting standards. Strong experience in decline curve analysis, type‑curve generation and probabilistic forecasting. 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 Deep understanding of reserve‑based lending structures, borrowing base mechanics and redetermination processes. Ability to connect engineering outputs to financial metrics such as 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 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 and PHDWin & Aries in the 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 the broader North American oil and gas landscape. Knowledge of how resource royalties and production taxes are governed by 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. Salary Base salary: $175,000 CAD (subject to meeting the specific skills, experience, education and qualification requirements). Salary may vary by location, experience and other factors and may include commission structures. Benefits BMO offers health, tuition reimbursement, accident and life insurance, and retirement savings plans. Additional benefits may include performance bonuses, discretionary bonuses and other rewards. For additional benefits information, see the company website. EEO and Inclusion Statement BMO is an equal‑opportunity employer. All qualified candidates are encouraged to apply, regardless of race, color, religion, gender, gender identity, sexual orientation, national origin, age, disability, veteran status or other protected status. BMO is committed to providing an inclusive, equitable and accessible workplace. Note to recruiters: BMO does not accept unsolicited resumes from sources other than the direct applicant. Unsolicited resumes sent to BMO will be considered BMO property. No fee will be paid for placements resulting from unsolicited resumes. Agencies must have a signed, valid written service agreement before sending resumes. #J-18808-Ljbffr