BMO Capital Markets Winter 2026 Global Markets Analyst, Commodity Derivatives, Calgary

BMO; Calgary; On-site; CAD 95,000; Full time

Job summary

A leading financial institution in Calgary is seeking a motivated Winter 2026 Global Markets Analyst focused on commodity derivatives. You will work with a team of energy professionals, gaining exposure to financial markets and hands-on experience. Responsibilities include developing business solutions, market data analysis, and support in trading strategies. The position demands strong analytical skills, teamwork, and a proactive attitude. Salary for this role is $95,000 CAD annually.

Benefits

Total compensation package including benefits and potential incentives

Professional development opportunities

Accommodations available on request

Qualifications

• Currently enrolled in an undergraduate or non-MBA Master’s program with graduation Spring 2027–2029.
• Strong academic record.
• Demonstrated interest in and knowledge of financial and/or energy markets.
• Excellent research and analytical skills; ability to collect, analyze, and interpret data.
• Strong interpersonal skills in a demanding team environment.
• Proactivity, resiliency, positive attitude, and high motivation.
• Strong written and oral communication skills.
• Ability to review, assess, and manage multiple projects daily in an organized manner.
• Strong capacity to work independently as part of a team.
• Strong work ethic and professional integrity.
• Detail and results orientation.

Responsibilities

• Development and deployment of business solutions such as pricing and risk models.
• Market data capture and display, spreadsheet development.
• Providing insight into trading strategies leveraging quantitative modelling.
• Improving on existing technology involving system infrastructure, internal reporting, client/management presentations.
• Bespoke projects requiring market, portfolio, and/or client research and data analytics.
• Creating client presentation materials using PowerPoint and Excel.
• Developing client trade ideas.
• Planning/supporting client events.
• Recapping and organizing market data and events.
• Shadowing and learning from Trading, Sales, and Strategy professionals.

Job description

Overview

BMO Capital Markets Winter 2026 Global Markets Analyst, Commodity Derivatives, Calgary

Join to apply for the BMO Capital Markets Winter 2026 Global Markets Analyst, Commodity Derivatives, Calgary role at BMO.

Program Overview: Co-op Analysts work in the Global Markets Group of BMO Capital Markets, comprising Client Coverage, Origination, Digital and Liquid Trading, Structured Products Trading, Equity Products, and Financial Resource Management. Global Markets serves institutional, corporate, and government clients. Co-ops will work on one desk in Global Markets over a 14-week period. The Calgary winter term role focuses on the commodity derivatives desk in Calgary, working alongside a team of energy professionals in a fast-paced environment. Throughout the term there are opportunities for professional development activities, including teach-ins, trading games, meetings with senior leaders, and networking events.

Desk Specific Description: BMO’s Energy commodities market making desk serves clients primarily in Canada and the US. Four commodity market professionals are based in Calgary with additional team members in Toronto, London, and New York.

• Serve clients across the energy value chain: upstream (producers), midstream (pipelines & infrastructure), downstream (refining), and end-use consumers
• Ability to transact in multiple commodities including Crude Oil, Natural Gas, and Refined Products (both financially and physically)
• Tailor structures and products to client needs with varying complexity, including fixed price swaps, basis swaps, option structures, inventory finance and storage

Responsibilities

Co-ops are fully integrated into an assigned desk (Calgary Energy Sales and Trading). Responsibilities vary by day and market conditions and may include :

• Development and deployment of business solutions such as pricing and risk models
• Market data capture and display, spreadsheet development
• Providing insight into trading strategies leveraging quantitative modelling
• Improving on existing technology involving system infrastructure, internal reporting, client / management presentations, etc.
• Bespoke projects requiring market, portfolio, and / or client research and data analytics
• Creating client presentation materials using PowerPoint and Excel
• Developing client trade ideas
• Planning / supporting client events
• Recapping and organizing market data and events
• Shadowing and learning from Trading, Sales, and Strategy professionals

Desk Specific Responsibilities

Terms focus on analysis of market fundamentals as they relate to global and Canadian crude oil and gas markets, with daily responsibilities and ad hoc projects. Fundamentals analysis informs sales and trading decisions and client guidance. Specific initiatives include :

• Review and organize existing models
• Build out Canadian Crude data feeds using existing third-party subscriptions and web scrapes; improve infrastructure and ad hoc projects for sales and trading
• Maintenance and distribution of existing marketing infrastructure, pitch books, and market analysis

Qualifications

We are looking for highly motivated individuals who can work in a competitive, market-driven, team-based environment. Minimum requirements include :

• Currently enrolled in an undergraduate or non-MBA Master’s program with graduation Spring 2027–2029
• Strong academic record
• Demonstrated interest in and knowledge of financial and / or energy markets
• Excellent research and analytical skills; ability to collect, analyze and interpret data
• Strong interpersonal skills in a demanding team environment
• Proactivity, resiliency, positive attitude and high motivation
• Strong written and oral communication skills
• Ability to review, assess and manage multiple projects daily in an organized manner
• Strong capacity to work independently as part of a team
• Strong work ethic and professional integrity
• Detail and results orientation

Additional Preferred Technical Qualifications

Degree in Finance, Engineering, Actuarial Science, Computer Science, Mathematics, Physics, or Statistics; knowledge / experience with front-end and back-end development languages; statistical programming (R, Matlab); database experience (SQL, Oracle); data manipulation and quantitative background; proficiency in Excel; strong technical writing ability.

How to Apply

You must apply to the BMO application link directly. Please submit a Cover Letter (optional), Resume (mandatory), and Transcript (mandatory).

Other

The campus job description aligns to the full-time job description below. Salary for this position is $95,000 CAD. BMO provides a total compensation package including benefits and potential incentives. Accommodations are available on request for candidates in the selection process.