• Director, Marketing

    Location CA-AB-Calgary
    Job ID
    10021
    Position Type
    Full-Time
    Job Post End Date
    4/29/2018
  • About Cenovus

    When we became a company, back in 2009, we made a commitment to be a responsible developer of one of Canada’s most valuable resources – the oil sands. It’s a commitment we take seriously.

    By applying the latest technology and fresh, progressive thinking to our work, we’re able to minimize our impact on the environment while safely producing energy resources the world needs. These energy resources help transport people, goods and services. They heat and cool homes. And they’re used to make everyday items like detergent, smartphones and sports equipment.

    We’re focused on two growth platforms to create long-term value for our shareholders. That includes our top-tier assets in the oil sands region in northern Alberta where we drill for oil and use specialized methods to pump it to the surface. We also have a large land base with significant production in the Deep Basin, a liquids-rich natural gas fairway in Alberta and British Columbia. In addition, Cenovus has 50 percent ownership in two U.S. refineries. We’re based in Calgary, Alberta and our shares trade on the Toronto and New York stock exchanges under the symbol CVE.

     

    About this Opportunity

    We are currently seeking a Director, Marketing. Reporting to the SVP, Downstream, your primary accountability will be to lead and manage trading activities to maximize value for Cenovus’s crude oil, natural gas, NGL and condensate business. The incumbent will continue to mature Cenovus’s commercial strategy and will perform this role in a way that balances Cenovus’s long term strategy with short term objectives.

     

    The position will be responsible for delivering an annual margin uplift through the purchase/sale of approximately 450 kbpd crude oil, 120 kbpd condensate and 900 mmcf/d natural gas, as well as optimization of a portfolio of transportation and storage assets located in Canada, the US Midwest and the Gulf Coast. This position is also responsible for providing leadership and strategic direction to a team of highly skilled traders and trade analysts in the Calgary and Houston offices (~13FTEs).

    Work Environment

    This is a full time position based in Calgary.

    Responsibilities

    • Lead the optimization and execution of trade activities for all commodities across regional offices. Accountable for the purchase of all physical commodities required as inputs for Cenovus operations including condensate, NGL’s, and natural gas as well as the sale of all products produced by our upstream operations and delivered to international markets with objective to achieve maximum value
    • Deliver material uplift on commodity purchases and sales relative to defined benchmarks and within acceptable risk tolerances
    • Develop and execute strategies to maximize value of existing and new transportation and storage asset
    • Lead change and continue to drive a focus on value creation
    • Assess opportunities to add value through expansion of markets, assets and product mix, ensuring alignment to Cenovus strategy and risk tolerances across regions through strong communication, and appropriate jurisdictional governance
    • Continuously improve governance structure and work within the policies and processes for control/compliance
    • Support commercial development opportunities (e.g. refining, upgrading, rail, etc)
    • Ensure the accuracy and timeliness of transactional information
    • Deliver and drive the success of an Energy Trading Risk Management (ETRM) system implementation for all commodities
    • Identify and monetize extrinsic value from storage and pipeline assets, including supporting the development of forward financial products where appropriate
    • Drive industry best practices for Cenovus front, middle and back office groups by cooperating with and enabling internal stakeholders
    • Guide the analytics group in their assessment of supply-demand balances and the implications for market pricing and pipeline apportionment

    Qualifications

    • Must be legally entitled to work in Canada
    • Proven Leader with 15 or more years of experience in an oil and gas trading environment combined with formal education in Business, Economics, Engineering or related discipline
    • Demonstrated experience as a strategic, forward looking leader that has advanced market position
    • Expert knowledge of best practices for front, middle and back office groups at a trading organization operating under an exposure and PnL environment
    • Significant trading expertise, including experience managing forward price exposure using physical and financial instruments
    • Expert knowledge of energy market structure, including the current challenges facing Canadian crude oil market participants
    • Expert knowledge of financial instruments used to price-manage benchmark trading hubs such as WTI and Henry Hub
    • Possesses the ability, while working with high degree of independence, to create, influence and support new initiatives, processes and/or controls
    • Experience in managing remote teams
    • Strong knowledge of refinery operations, feedstock properties, pipeline and terminal operations and business applications
    • Knowledge of mid office risk, policies, and procedures
    • Experience in Energy Trading Risk Management (ETRM) system implementation and ongoing delivery

    Other skills

    Strong people leadership:

      • Translate Cenovus Strategy into measurable outcomes and align goals to help team understand how their work creates value
      • Demonstrated success in transforming front to back office processes, systems and capabilities
      • Capable of building internal and external relationships with key stakeholders
      • Champion collaboration and team effectiveness to build trust among diverse functions
      • Hold teams and individuals accountable to key business metrics
      • Develop people and teams for short and long term needs. Contribute to the development and mentoring of front and back office staff as we continue to mature people capability to a more mature commercial model

    Notification

    Immediately following successful submission of your online application, you will receive an online message confirming Cenovus's receipt of your resume. Due to the anticipated volume of applications we are unable to respond to telephone inquiries about the status of your application.

    To Apply, Click on Link Below

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