Fixed Price Basis Trader Careers at ConocoPhillips - Calgary, AB | Apply Now!
ConocoPhillips
Fixed Price Basis Trader Careers at ConocoPhillips - Calgary, AB | Apply Now!
Job Description
Fixed Price Basis Trader, Gas & Power - Calgary, AB
Role Overview
ConocoPhillips is seeking a highly motivated and experienced Fixed Price Basis Trader to join our Gas & Power team in Calgary, Alberta. In this critical role, you will be responsible for managing and optimizing our fixed-price and forward basis exposure across Canadian markets, with a primary focus on Western Canada and AECO-linked dynamics. This position requires a deep understanding of natural gas markets, strong analytical skills, and a proven track record of generating profitable trading strategies within a robust risk management framework.
As a Fixed Price Basis Trader, you will play a key role in strengthening ConocoPhillips' market position and optimizing value across our Canadian natural gas portfolio. You will be expected to develop and execute trading strategies that enhance realized margins, expand market access, deepen customer relationships, and support the growth of our third-party marketing business. Success in this role will be measured by your ability to deliver strong risk-adjusted returns, strengthen governance practices, and collaborate effectively with internal teams to ensure best-in-class operational execution.
Day in the Life
A typical day for a Fixed Price Basis Trader at ConocoPhillips might involve the following:
- Market Monitoring and Analysis: Start the day by reviewing overnight market activity, analyzing supply and demand trends, and assessing weather impacts on natural gas prices.
- Trading Strategy Development: Based on your market analysis, develop and refine trading strategies to capitalize on opportunities and manage risk.
- Trade Execution: Execute trades in the physical and financial markets, ensuring compliance with all regulatory requirements and internal policies.
- Risk Management: Monitor your portfolio's risk exposure and adjust positions as needed to stay within defined Value-at-Risk (VaR) parameters.
- Customer Interaction: Communicate with producers, end users, and pipeline operators to gather market intelligence and negotiate deals.
- Internal Collaboration: Work closely with operations, scheduling, and finance teams to ensure smooth execution of trades and efficient management of the portfolio.
- Reporting and Analysis: Prepare reports on trading activity, portfolio performance, and market outlook for senior management.
- Continuous Learning: Stay up-to-date on industry trends, regulatory changes, and competitor activities through research, conferences, and networking.
Why Calgary, AB?
Calgary is a vibrant and growing city located in the heart of Alberta, Canada. It offers a high quality of life with a strong economy, affordable housing, and a wide range of recreational and cultural activities. Calgary is also a major hub for the energy industry, providing ample opportunities for career growth and networking.
- Economic Hub: Calgary is the energy capital of Canada, with a thriving oil and gas industry.
- Outdoor Recreation: Enjoy easy access to the Rocky Mountains for hiking, skiing, and other outdoor adventures.
- Cultural Attractions: Explore Calgary's diverse cultural scene, including museums, theaters, and music venues.
- Affordable Living: Compared to other major cities in North America, Calgary offers a relatively affordable cost of living.
- Family-Friendly: Calgary is a great place to raise a family, with excellent schools and numerous parks and playgrounds.
Career Path at ConocoPhillips
ConocoPhillips is committed to providing its employees with opportunities for professional development and career advancement. The career path for a Fixed Price Basis Trader could lead to roles such as:
- Senior Trader: Take on greater responsibility for managing larger and more complex portfolios.
- Trading Manager: Lead a team of traders and oversee the performance of a specific trading desk.
- Commercial Manager: Develop and execute commercial strategies for a specific region or business unit.
- Director, Gas & Power: Provide strategic leadership and direction for the Gas & Power organization.
Salary & Benefits
The salary range for a Fixed Price Basis Trader at ConocoPhillips in Calgary is typically between $140,000 and $220,000 CAD per year, depending on experience and qualifications. In addition to a competitive salary, ConocoPhillips offers a comprehensive benefits package, including:
- Health insurance (medical, dental, and vision)
- Paid time off (vacation, holidays, and sick leave)
- Retirement savings plan with employer matching
- Employee stock purchase plan
- Life insurance and disability coverage
- Tuition reimbursement
- Employee assistance program
- Wellness programs
Safety Culture
At ConocoPhillips, safety is our top priority. We are committed to creating a safe and healthy work environment for all of our employees. We have a comprehensive safety program that includes training, procedures, and audits to ensure that our operations are conducted in a safe and responsible manner. We also encourage our employees to speak up if they see something that could be a safety hazard.
How to Apply
If you are interested in applying for the Fixed Price Basis Trader position at ConocoPhillips in Calgary, please submit your resume and cover letter through our online application system. Be sure to highlight your experience in natural gas trading, risk management, and market analysis. We look forward to hearing from you!
FAQ
- What is the primary focus of this role?
The primary focus is managing and optimizing fixed-price and forward basis exposure across Canadian natural gas markets, particularly in Western Canada and AECO-linked dynamics.
- What qualifications are required for this position?
A Bachelor's degree in Finance, Economics, or a related field is required, along with at least 5 years of experience in natural gas trading.
- What skills are essential for success in this role?
Strong analytical, problem-solving, and communication skills are essential, as well as a deep understanding of natural gas markets and risk management principles.
- What is the typical career path for this position?
The career path can lead to roles such as Senior Trader, Trading Manager, or Commercial Manager within the Gas & Power organization.
- What is the salary range for this position?
The salary range is typically between $140,000 and $220,000 CAD per year, depending on experience and qualifications.
- What benefits does ConocoPhillips offer?
ConocoPhillips offers a comprehensive benefits package, including health insurance, paid time off, retirement savings plan, and tuition reimbursement.
- What is ConocoPhillips' safety culture like?
Safety is a top priority at ConocoPhillips, and the company has a comprehensive safety program to ensure a safe and healthy work environment.
- Where is this position located?
This position is located in Calgary, Alberta, Canada.
- What is the work schedule for this position?
The work schedule is Monday through Friday.
- How do I apply for this position?
You can submit your resume and cover letter through our online application system.
Locations
- Calgary, Alberta, Canada
Salary
140,000 - 220,000 CAD / yearly
Source: ai estimated
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- Natural Gas Tradingintermediate
- Fixed Price Tradingintermediate
- Basis Tradingintermediate
- Energy Marketsintermediate
- Risk Managementintermediate
- Portfolio Managementintermediate
- NYMEX Hedgingintermediate
- Market Analysisintermediate
- Customer Relationship Managementintermediate
- Deal Structuringintermediate
- Supply/Demand Analysisintermediate
- Regulatory Complianceintermediate
- Pipeline Operationsintermediate
- Financial Modelingintermediate
- Contract Negotiationintermediate
- Power Tradingintermediate
- AECO Market Knowledgeintermediate
Required Qualifications
- Bachelor's degree in Finance, Economics, Engineering, or a related field. (experience)
- Minimum of 5 years of experience in natural gas trading, with a focus on fixed price and basis trading. (experience)
- Deep understanding of Western Canadian natural gas markets and AECO pricing dynamics. (experience)
- Proven track record of generating profitable trading strategies and managing risk effectively. (experience)
- Strong knowledge of NYMEX hedging strategies and their application to Canadian gas portfolios. (experience)
- Experience in developing and maintaining customer relationships with producers, end users, and pipeline operators. (experience)
- Excellent analytical, problem-solving, and decision-making skills. (experience)
- Ability to work independently and as part of a team in a fast-paced, dynamic environment. (experience)
- Strong communication and interpersonal skills. (experience)
- Proficiency in using trading and risk management software. (experience)
- Understanding of regulatory requirements and compliance standards related to energy trading. (experience)
Responsibilities
- Manage and optimize fixed-price and forward basis exposure across Canadian markets, with a focus on Western Canada and AECO-linked dynamics.
- Develop and execute trading and marketing strategies that achieve P&L and risk-adjusted return targets within defined governance and authority levels.
- Monitor market fundamentals, including supply/demand trends, weather impacts, storage behavior, and regional transportation constraints, to inform trading decisions.
- Apply disciplined risk management practices, ensuring compliance with Value-at-Risk (VaR) parameters, internal controls, and risk policies.
- Maintain a strong understanding of NYMEX exposure and associated hedging frameworks to support Canadian portfolio needs.
- Expand ConocoPhillips’ Canadian footprint by originating and structuring deals that support volume growth, margin enhancement, and market diversification.
- Develop new customer relationships and deepen engagement with producers, end users, marketers, and pipeline operators.
- Advance market access strategies and long-term supply agreements.
- Collaborate with internal teams, including operations, scheduling, and finance, to ensure best-in-class operational execution.
- Prepare and present market analysis and trading strategy recommendations to senior management.
- Stay up-to-date on industry trends, regulatory changes, and competitor activities.
- Contribute to the development and improvement of trading processes and systems.
- Mentor junior traders and analysts.
- Ensure compliance with all applicable laws and regulations.
Benefits
- general: Competitive salary and performance-based bonus program.
- general: Comprehensive health insurance plan, including medical, dental, and vision coverage.
- general: Generous paid time off policy, including vacation, holidays, and sick leave.
- general: Retirement savings plan with employer matching contributions.
- general: Employee stock purchase plan.
- general: Life insurance and disability coverage.
- general: Tuition reimbursement program for continuing education.
- general: Employee assistance program (EAP) for confidential counseling and support.
- general: Wellness programs and resources to promote employee health and well-being.
- general: On-site fitness center or gym membership discounts.
- general: Relocation assistance for eligible candidates.
- general: Opportunities for professional development and career advancement.
- general: Flexible work arrangements where possible.
- general: Paid parental leave.
- general: Employee resource groups (ERGs) that foster diversity and inclusion.
Tags & Categories
Answer 10 quick questions to check your fit for Fixed Price Basis Trader Careers at ConocoPhillips - Calgary, AB | Apply Now! @ ConocoPhillips.
Related Books and Jobs
Fixed Price Basis Trader Careers at ConocoPhillips - Calgary, AB | Apply Now!
ConocoPhillips
Fixed Price Basis Trader Careers at ConocoPhillips - Calgary, AB | Apply Now!
Job Description
Fixed Price Basis Trader, Gas & Power - Calgary, AB
Role Overview
ConocoPhillips is seeking a highly motivated and experienced Fixed Price Basis Trader to join our Gas & Power team in Calgary, Alberta. In this critical role, you will be responsible for managing and optimizing our fixed-price and forward basis exposure across Canadian markets, with a primary focus on Western Canada and AECO-linked dynamics. This position requires a deep understanding of natural gas markets, strong analytical skills, and a proven track record of generating profitable trading strategies within a robust risk management framework.
As a Fixed Price Basis Trader, you will play a key role in strengthening ConocoPhillips' market position and optimizing value across our Canadian natural gas portfolio. You will be expected to develop and execute trading strategies that enhance realized margins, expand market access, deepen customer relationships, and support the growth of our third-party marketing business. Success in this role will be measured by your ability to deliver strong risk-adjusted returns, strengthen governance practices, and collaborate effectively with internal teams to ensure best-in-class operational execution.
Day in the Life
A typical day for a Fixed Price Basis Trader at ConocoPhillips might involve the following:
- Market Monitoring and Analysis: Start the day by reviewing overnight market activity, analyzing supply and demand trends, and assessing weather impacts on natural gas prices.
- Trading Strategy Development: Based on your market analysis, develop and refine trading strategies to capitalize on opportunities and manage risk.
- Trade Execution: Execute trades in the physical and financial markets, ensuring compliance with all regulatory requirements and internal policies.
- Risk Management: Monitor your portfolio's risk exposure and adjust positions as needed to stay within defined Value-at-Risk (VaR) parameters.
- Customer Interaction: Communicate with producers, end users, and pipeline operators to gather market intelligence and negotiate deals.
- Internal Collaboration: Work closely with operations, scheduling, and finance teams to ensure smooth execution of trades and efficient management of the portfolio.
- Reporting and Analysis: Prepare reports on trading activity, portfolio performance, and market outlook for senior management.
- Continuous Learning: Stay up-to-date on industry trends, regulatory changes, and competitor activities through research, conferences, and networking.
Why Calgary, AB?
Calgary is a vibrant and growing city located in the heart of Alberta, Canada. It offers a high quality of life with a strong economy, affordable housing, and a wide range of recreational and cultural activities. Calgary is also a major hub for the energy industry, providing ample opportunities for career growth and networking.
- Economic Hub: Calgary is the energy capital of Canada, with a thriving oil and gas industry.
- Outdoor Recreation: Enjoy easy access to the Rocky Mountains for hiking, skiing, and other outdoor adventures.
- Cultural Attractions: Explore Calgary's diverse cultural scene, including museums, theaters, and music venues.
- Affordable Living: Compared to other major cities in North America, Calgary offers a relatively affordable cost of living.
- Family-Friendly: Calgary is a great place to raise a family, with excellent schools and numerous parks and playgrounds.
Career Path at ConocoPhillips
ConocoPhillips is committed to providing its employees with opportunities for professional development and career advancement. The career path for a Fixed Price Basis Trader could lead to roles such as:
- Senior Trader: Take on greater responsibility for managing larger and more complex portfolios.
- Trading Manager: Lead a team of traders and oversee the performance of a specific trading desk.
- Commercial Manager: Develop and execute commercial strategies for a specific region or business unit.
- Director, Gas & Power: Provide strategic leadership and direction for the Gas & Power organization.
Salary & Benefits
The salary range for a Fixed Price Basis Trader at ConocoPhillips in Calgary is typically between $140,000 and $220,000 CAD per year, depending on experience and qualifications. In addition to a competitive salary, ConocoPhillips offers a comprehensive benefits package, including:
- Health insurance (medical, dental, and vision)
- Paid time off (vacation, holidays, and sick leave)
- Retirement savings plan with employer matching
- Employee stock purchase plan
- Life insurance and disability coverage
- Tuition reimbursement
- Employee assistance program
- Wellness programs
Safety Culture
At ConocoPhillips, safety is our top priority. We are committed to creating a safe and healthy work environment for all of our employees. We have a comprehensive safety program that includes training, procedures, and audits to ensure that our operations are conducted in a safe and responsible manner. We also encourage our employees to speak up if they see something that could be a safety hazard.
How to Apply
If you are interested in applying for the Fixed Price Basis Trader position at ConocoPhillips in Calgary, please submit your resume and cover letter through our online application system. Be sure to highlight your experience in natural gas trading, risk management, and market analysis. We look forward to hearing from you!
FAQ
- What is the primary focus of this role?
The primary focus is managing and optimizing fixed-price and forward basis exposure across Canadian natural gas markets, particularly in Western Canada and AECO-linked dynamics.
- What qualifications are required for this position?
A Bachelor's degree in Finance, Economics, or a related field is required, along with at least 5 years of experience in natural gas trading.
- What skills are essential for success in this role?
Strong analytical, problem-solving, and communication skills are essential, as well as a deep understanding of natural gas markets and risk management principles.
- What is the typical career path for this position?
The career path can lead to roles such as Senior Trader, Trading Manager, or Commercial Manager within the Gas & Power organization.
- What is the salary range for this position?
The salary range is typically between $140,000 and $220,000 CAD per year, depending on experience and qualifications.
- What benefits does ConocoPhillips offer?
ConocoPhillips offers a comprehensive benefits package, including health insurance, paid time off, retirement savings plan, and tuition reimbursement.
- What is ConocoPhillips' safety culture like?
Safety is a top priority at ConocoPhillips, and the company has a comprehensive safety program to ensure a safe and healthy work environment.
- Where is this position located?
This position is located in Calgary, Alberta, Canada.
- What is the work schedule for this position?
The work schedule is Monday through Friday.
- How do I apply for this position?
You can submit your resume and cover letter through our online application system.
Locations
- Calgary, Alberta, Canada
Salary
140,000 - 220,000 CAD / yearly
Source: ai estimated
* This is an estimated range based on market data and may vary based on experience and qualifications.
Skills Required
- Natural Gas Tradingintermediate
- Fixed Price Tradingintermediate
- Basis Tradingintermediate
- Energy Marketsintermediate
- Risk Managementintermediate
- Portfolio Managementintermediate
- NYMEX Hedgingintermediate
- Market Analysisintermediate
- Customer Relationship Managementintermediate
- Deal Structuringintermediate
- Supply/Demand Analysisintermediate
- Regulatory Complianceintermediate
- Pipeline Operationsintermediate
- Financial Modelingintermediate
- Contract Negotiationintermediate
- Power Tradingintermediate
- AECO Market Knowledgeintermediate
Required Qualifications
- Bachelor's degree in Finance, Economics, Engineering, or a related field. (experience)
- Minimum of 5 years of experience in natural gas trading, with a focus on fixed price and basis trading. (experience)
- Deep understanding of Western Canadian natural gas markets and AECO pricing dynamics. (experience)
- Proven track record of generating profitable trading strategies and managing risk effectively. (experience)
- Strong knowledge of NYMEX hedging strategies and their application to Canadian gas portfolios. (experience)
- Experience in developing and maintaining customer relationships with producers, end users, and pipeline operators. (experience)
- Excellent analytical, problem-solving, and decision-making skills. (experience)
- Ability to work independently and as part of a team in a fast-paced, dynamic environment. (experience)
- Strong communication and interpersonal skills. (experience)
- Proficiency in using trading and risk management software. (experience)
- Understanding of regulatory requirements and compliance standards related to energy trading. (experience)
Responsibilities
- Manage and optimize fixed-price and forward basis exposure across Canadian markets, with a focus on Western Canada and AECO-linked dynamics.
- Develop and execute trading and marketing strategies that achieve P&L and risk-adjusted return targets within defined governance and authority levels.
- Monitor market fundamentals, including supply/demand trends, weather impacts, storage behavior, and regional transportation constraints, to inform trading decisions.
- Apply disciplined risk management practices, ensuring compliance with Value-at-Risk (VaR) parameters, internal controls, and risk policies.
- Maintain a strong understanding of NYMEX exposure and associated hedging frameworks to support Canadian portfolio needs.
- Expand ConocoPhillips’ Canadian footprint by originating and structuring deals that support volume growth, margin enhancement, and market diversification.
- Develop new customer relationships and deepen engagement with producers, end users, marketers, and pipeline operators.
- Advance market access strategies and long-term supply agreements.
- Collaborate with internal teams, including operations, scheduling, and finance, to ensure best-in-class operational execution.
- Prepare and present market analysis and trading strategy recommendations to senior management.
- Stay up-to-date on industry trends, regulatory changes, and competitor activities.
- Contribute to the development and improvement of trading processes and systems.
- Mentor junior traders and analysts.
- Ensure compliance with all applicable laws and regulations.
Benefits
- general: Competitive salary and performance-based bonus program.
- general: Comprehensive health insurance plan, including medical, dental, and vision coverage.
- general: Generous paid time off policy, including vacation, holidays, and sick leave.
- general: Retirement savings plan with employer matching contributions.
- general: Employee stock purchase plan.
- general: Life insurance and disability coverage.
- general: Tuition reimbursement program for continuing education.
- general: Employee assistance program (EAP) for confidential counseling and support.
- general: Wellness programs and resources to promote employee health and well-being.
- general: On-site fitness center or gym membership discounts.
- general: Relocation assistance for eligible candidates.
- general: Opportunities for professional development and career advancement.
- general: Flexible work arrangements where possible.
- general: Paid parental leave.
- general: Employee resource groups (ERGs) that foster diversity and inclusion.
Tags & Categories
Answer 10 quick questions to check your fit for Fixed Price Basis Trader Careers at ConocoPhillips - Calgary, AB | Apply Now! @ ConocoPhillips.
Related Books and Jobs