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

525 8th Ave SW East Tower Calgary Alberta,T2P 1G1

**BMO Capital Markets**

BMO Capital Markets is a leading, full-service North American-based financial services provider, with over 2,700 professionals in 30 locations around the world, including 20 offices in North America, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services.

BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$1.0 trillion total assets and approximately 54,000 employees as of January 31, 2025.

**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.

A variety of desks host co-op Analysts including Equity Sales and Trading, Clearpool E-trading, Prime Finance, Structured Notes Sales and Trading, Leveraged Finance, Securitized Products Sales and Trading, Origination, Debt Capital Markets, and US Interest Rates Sales and Trading.

Throughout the term there will be opportunities for continuous professional development activities. These activities include teach-ins, trading games, meetings with senior leaders, and networking events with both peers and Senior Leadership.

**Desk Specific Description**:
BMO’s Energy commodities market making desk (_market maker is defined as a liquidity provider that both buys and sells tradeable assets in a given market_) serves clients primarily based in Canada and the US. Four commodity market professionals are based in **Calgary**with additional team members across 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, in this case the Calgary Energy Sales and Trading desk. Responsibilities will vary widely from day to day based on the needs of the business and the current market environment. Depending on the assigned desk, co-op skill set, and business needs, responsibilities 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**:
**Qualifications**:
We are looking for highly motivated individuals who can work well in a competitive, market-driven, team-based environment and seek a challenge. Global Markets encompasses a diverse group of individuals with a variety of skill sets and job functions. We look to create a diverse co-op class that can fit into different roles across Global Markets.

**Required Qualifications**:

- Currently enrolled in an undergraduate or non-MBA Master’s program with a graduation date of Spring 2027, 2028, 2029
- Strong academic record
- Extracurricular achievement;
- Demonstrated interest in and knowledge of financial and/or energy markets;
- Excellent research and analytical skills, able to collect, analyze and interpret data;
- Strong interpersonal skills used within a demanding team environment;
- Demonstrated proactivity, resiliency, positive attitude and high motivation;
- Strong written and oral communication skills;
- Ability to attentively review, assess and provide detailed information daily on multiple projects in an organized manner;
- Excellent capacity to independently function as part of a team through self -motivation;
- Strong work ethic and a high level of professional integrity;
- Detail and results orientated.

**Additional Preferred Technical Qualifications**:

- Currently working towards a degree in: Finance, Engineering, Actuarial Science, Computer Science, Mathematics, Physics, or Statistics;
- Knowledge and/or experience of front-end developer languages (HTML, CSS, JavaScript, React, Angular);
- Knowledge and/or experience in back-end dev