Student, Risk Analytics, Calgary (May 2027)

Cenovus Energy Inc.; Calgary; On-site; CAD 25,000 - 41,000; Full time

Benefits offered by this job

Multi-disciplinary program

Mentorship program

Relocation assistance may be available

Networking events

Performance evaluations

Job summary

Cenovus Energy in Calgary is offering a student internship starting May 2027 for 8 months. You will work on modeling complex derivatives and hedging strategies, assess cash flow impact, and support risk analysis with Python and Excel.

You must be enrolled in Mathematics, Statistics, Data Science/Computer Science or Risk Management and be returning to full-time studies after the term. Candidates must be legally eligible to work in Canada.

Qualifications

• Must be enrolled in Mathematics, Statistics, Data Science/Computer Science, or Risk Management at an accredited post-secondary institution at the time of the work term and returning to full-time studies afterward.
• Candidates currently enrolled in a Masters or Ph.D. program may be considered.

Responsibilities

• Model complex derivatives and hedging strategies, assess cash flow impact and cash at risk.
• Assist in modeling assets to capture real option features and measure cash flow risk.
• Some research to support senior team members on probability projects and modeling techniques.

Skills

Quantitative analysis

Team collaboration

Analytical thinking

Communication skills

Education

Mathematics, Statistics, Data Science/Computer Science, Risk Management student

Masters or PhD candidates considered

Tools

Python

Excel

Job description

Worker Type and Posting Details

Worker Type: Student Job Post End Date: 11/12/2026 Start Date: May 2027 Location: Calgary Length of Term: 8 Months

About this opportunity

Are you looking for an exciting internship opportunity full of meaningful, diverse, and challenging assignments working alongside industry leading professionals? You will be part of a driven, and collaborative team completing important projects while receiving the mentorship, knowledge, and experience to develop the skills you need to build an exciting career.

Note: The application deadline for this position is November 11, 2026.

What you’ll do

• Modeling complex derivatives and hedging strategies, assessing their impact on cash flow, and evaluating Cenovus's cash at flow risk
• Assist the team in modeling assets to capture real option features of the physical portfolio, measuring cash flow risk, valuing financial derivatives
• Some work requires research – assisting more senior team members with probability research projects will expose the student to advanced concepts in modeling

Who you are

• Legally authorized to work in Canada full-time for the duration of your work term and able to produce documentation upon application (e.g., work visa).
• Available to begin work in May 2027.
• Ability to work well in a team environment.
• Strong quantitative and analytical skills with operational knowledge and willingness to learn or grow skills with tools such as Python.
• Solid analytical and Microsoft Suite skills, specifically Excel.
• Excellent interpersonal, judgement, and decision‑making skills.
• We acknowledge the value of transferrable skills and may consider equivalent combinations of experience and education should you not meet a specific requirement.

Education Must be enrolled in a Mathematics, Statistics, Data Science/Computer Science, Risk Management at an accredited post‑secondary institution at the time of intended work term and returning to full‑time studies after the work term OR registered in an accredited post‑secondary co‑op or internship program for the duration of the work term. Candidates currently enrolled in either a Masters or Ph.D. program at an accredited post‑secondary institution may also be considered. New graduates are not eligible for student opportunities.

Student Program Benefits

• A multi‑discipline program with meaningful, hands‑on work experience.
• Networking events coordinated by the New Grad Committee including group mentoring from senior/executive leaders, lunch 'n learns, guest speakers, technical presentations, and holiday celebrations.
• Wide support network including direct leaders, program leads, human resource, peers, mentor(s), New Grad Committee, and buddy.
• Structured goal setting and performance evaluations.
• Opportunity to present work‑term learnings to the Cenovus Leadership team.
• Students moving for their work term may be eligible to receive a lump sum relocation payment to assist with relocation expenses.
• Candidates must have their own means of transportation as there is no public transportation in field locations.

Additional Information

New graduates are not eligible for student opportunities. Please note that only those selected for an interview will be contacted.

Student Program

Through our Student Program, you’ll have access to some of the best engineers, geologists and business professionals in the industry. In the office you’ll work alongside these experts using cutting‑edge technology, data, analytics and modelling tools to continuously improve the innovative operating techniques we use in the field. In the field, you’ll be a part of providing Canada, the United States and the world with the energy we need to fuel communities and economies.

What we offer

• Competitive pay
• Real‑world development: Take ownership of meaningful projects and day‑to‑day accountabilities
• Mentorship & peer support: Technical mentorship and buddy programs
• Engaging events: career development sessions, networking opportunities and volunteer initiatives
• Relocation support: relocation assistance may be available

Our development philosophy

• Internal course offerings
• Education assistance for additional development
• Opportunities to work on special projects
• Leadership development programs for emerging and established leaders

We actively promote internal job movement, recognizing the value of gaining new perspectives, building connections across teams, and applying expertise in new ways. As a fully integrated energy company, we believe that sharing knowledge across our business and operations creates stronger outcomes — for employees and for the company as a whole.

Our culture

Our purpose: We energize the world to make people’s lives better.

Our values: Protect what matters Do it right Make it better Do it together

Cenovus Cares

We believe in the power of purpose‑driven work. Our Employee Giving and Volunteering Program, Cenovus Cares, connects our people to our purpose, inspiring action and elevating impact year‑round. Support causes you care about with volunteer opportunities in and outside of work. Earn donation grants while volunteering (up to $1,000 per event). Receive donation matching up to $10,000 annually.

Staff resource groups: We have various staff resource groups to help ensure our people feel a sense of belonging and can grow and do their best work. These voluntary groups are employee‑led and all groups are open to all staff in all locations.

Equal opportunity employer

We believe a workplace where everyone has merit‑based opportunities to grow, achieve career aspirations and feel a sense of belonging benefits our people, our company and the regions where we live and work. We embrace and encourage different perspectives and approaches, which help us make better business decisions. We believe that through this approach, we can solve challenges, seize opportunities and unlock innovative solutions. To achieve an unbiased and respectful workplace, individuals are evaluated based on qualifications, merit and abilities, and we encourage applications from all qualified candidates. We also acknowledge the value of transferrable skills and may consider equivalent combinations of experience and education should you not meet a specific requirement. For more information about working at Cenovus, visit cenovus.com.

Company Overview

Cenovus is an integrated energy company headquartered in Calgary. We’re committed to maximizing value by developing our assets in a safe, responsible and cost‑efficient manner. 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.