Contract Credit Specialist

We’re a Canadian-based integrated energy company headquartered in Calgary. We’re committed to maximizing value by developing our assets in a safe, responsible and cost-efficient manner, integrating sustainability considerations into our business plans.

We operate in Canada, the United States and the Asia Pacific region. Our operations include oil sands projects in northern Alberta, thermal and conventional crude oil and natural gas projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and liquids production offshore China and Indonesia. Cenovus’s downstream operations include upgrading, refining and marketing operations in Canada and the United States.

Our shares trade under the symbol CVE and are listed on the Toronto and New York stock exchanges.

This contractor position will be responsible for managing daily counterparty credit exposures and business relationships within the controls and credit risk appetite outlined in the Credit Policy, Standards, and Procedures. Success in this role requires strong financial and technical analytical skills, the ability to collaborate effectively, and the capability to build and manage relationships with both external counterparties and internal stakeholders, including other members of the credit team. The Sr. Credit Analyst assesses risk and makes timely decisions within established policies and procedures while demonstrating strong business acumen. The role requires the ability to independently complete complex credit reviews, make timely decisions on counterparty credit limits, ratings, and terms, and maintain ownership of credit scoring models. Additionally, the role provides input and direction into contract and collateral negotiations, applies appropriate mitigation strategies, and monitors and reports exposure across various ETRM systems and credit tools.

This contractor position is located in Calgary, AB

What you’ll do:

• Monitor daily credit exposures within approved credit limits and tenors, ensuring compliance with the Credit Policy, Standards, and Procedures across all business segments.
• Conduct ongoing credit analysis by interpreting internal and external market intelligence to identify risks and recommend mitigation strategies.
• Complete complex credit reviews across a wide range of counterparties and provide recommendations for approval in accordance with the Delegation of Authority.
• Contribute to daily, monthly, and quarterly credit reporting and portfolio monitoring activities.
• Own and maintain quantitative scoring models which support portfolio benchmarking analysis.
• Support contract and collateral negotiations while actively monitoring counterparty and portfolio exposures.
• Act as a key liaison to the business, supporting new counterparty requests and advising on deal structures while building strong internal and external relationships.
• Leverage knowledge of commodity trading markets, ETRM systems, and technical tools (Power BI, Power Automate and Databricks) to support data analysis, reporting, and process automation.

Who you are:

Our ideal candidate will have the following minimum requirements:

• Legally authorized to work in Canada
• Bachelor’s degree in Commerce, Finance or a related discipline.
• CFA designation considered an asset

We acknowledge the value of transferrable skills and may consider equivalent combinations of experience and education should you not meet a specific requirement.