Risk Management / Finance Co-op Student

Job title: Risk Management / Finance Co-op Student

Job description: Company Overview

CNOOC International, the international division of CNOOC Limited, the largest producer of offshore crude oil and natural gas in China and one of the largest independent oil and gas exploration and production companies in the world. As the international division, our portfolio is made up of assets in some of the world’s most significant basins in Asia, Africa, the Americas, Europe and the Middle East.

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. Our growth strategy is to safely and sustainably develop our high-quality portfolio to deliver energy for all.

As one team, we have the capability, assets and drive to realize our potential. And with operations in over 20 countries, we are all united by our vision to deliver energy for all.

Our Culture

As our company has grown, diversity in both people and skills has become our greatest strength. From East to West, we offer bold ideas, diverse perspectives and the determination to fuel our success. Our vision is a global team, collaborating to deliver energy for all.

At CNOOC International, we are building a culture driven by safety, results and a commitment to be bold. We are excited about what the future holds, and our culture equips us to take informed risks and innovate to safely achieve superior performance.

At CNOOC International, we take pride in our corporate culture. It informs our values, beliefs, experiences and results.

The Role

Location Overview

Calgary, Alberta

Position Overview

Start Date: May 2, 2022

Work Term Length: 12 – 16 months

Education: Bachelors, Finance/Risk Management/Accounting

Eligibility: Students must be enrolled in a formal co-op/internship program with their post-secondary institution OR Students must be returning to their post-secondary institution after this work term
Number of positions available: 1

The Role

We’re seeking a Co-op Student to join our Finance-Credit, Risk Management & Insurance team. Reporting to the Manager – Credit, Contracts, Risk Management & Insurance, you´ll be working with a team of dedicated employees across North America.

During your work term, we will push you to be your best by exposing you to challenging projects and giving you the opportunity to take ownership of your work term. You will gain practical experience, develop technical skills to complement your academic learning, and gain exposure to future opportunities at our company. To succeed, you’ll need to cultivate and communicate a clear vision and set goals for yourself, whilst also juggling individual country specific targets.

Some of the key responsibilities of this Finance Co-op Student role will be:

• Perform credit and financial analysis on new and existing counterparties, joint venture partners and critical suppliers;
• Monitor credit exposure against approved credit limits, investigate and report over limit situations;
• Confirm marketing related transactions and resolve discrepancies between CNOOC and counterparty paper;
• Perform daily clearing broker exposure reconciliations, validate margin calls and co-ordinate the transfer of cash collateral;
• Monitor and validate hedging related transactions;
• Assist with negotiation and execution of marketing contracts and related credit support (incoming and outgoing guarantees and security instruments);

• Monitor marketing business activity for compliance and escalate issues as appropriate;

• Maintain counterparty information in data systems;
• Generate daily, weekly and monthly credit and hedging related reports for front office and key stakeholders as needed;

• Liaise with external counterparties and partners as required;
• Obtain the necessary on-boarding and KYC information to enable marketing counterparties;

• Work with business units to gather insurance underwriting information; analyze and organize the data;
• Assist the team in working with brokers to execute insurance renewals;
• Actively assist the team on advancing insurance claims;
• Perform insurance tax calculations and filing of returns;
• Arrange payment for invoices and help prepare premium allocations;
• Review, analyze, and make recommendations on business contracts;
• Special projects as required.

Who are we looking for?

Successful candidates will not only have a strong academic background, but also excellent communication skills, the ability to work in a team, a flexible attitude and the drive and desire to deliver results.

Beyond that, we are interested in hearing from candidates with the following:

• Eligible to work in Canada;
• Valid work permit must be in place at time of application (if applicable);
• Strong safety mindset;
• Demonstrated effective decision-making skills;
• Strong obligation to integrity and accountability;
• Values feedback as a learning tool;
• Strong computer applications knowledge (Excel, Word, PowerPoint, Outlook);
• Time management and organization skills;
• Attention to detail and accuracy;
• Comfort working in a fast paced and dynamic environment;
• Strong team player;
• Ability to think critically and recommend solutions;
• Ability to analyze financial statements.

In return for your hard work, tenacity and contributions, you can expect a robust student employee development program that will accelerate your career and allow you to step in, step up and stand out.

Closing Statement

Application Information

As part of your application, please ensure to:

• Indicate if you are enrolled in a co-op or internship program
• Include your co-op coordinator’s contact information (name, email, phone)
• Indicate if you are available for the full work term
• Include your GPA and expected graduation date
• Upload your resume, cover letter and a copy of your most recent unofficial university transcript as one document

Please note that this position will remain open until a successful candidate has been chosen.

Closing Statement

Mandatory COVID-19 Vaccination Requirement

Safety First is a core cultural belief and a key component of CNOOC International’s commitment to creating a safe work environment. For the protection of our workforce, we have implemented a mandatory COVID-19 Vaccination Policy, which includes two (2) phases:

• Phase 1 (current phase) – workers must show proof of full vaccination OR proof of a negative antigen or PCR test result administered by an external facility within 72 hours prior to entering a CNOOC International work site. Costs associated with testing will be the workers responsibility.
• Phase 2 – workers must show proof of full vaccination prior to entering a CNOOC International work site. Proof of a negative antigen or PCR test result will not be accepted. CNOOC International will soon be entering Phase 2.

Successful candidates will be required to comply with the COVID-19 Vaccination Policy, as amended.

All positions require a background check which could include:

• Criminal police record check
• Education verification
• Credential verification

Click Here to Apply

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