Entity:

Finance

Job Family Group:

Finance Group

Job Description:

Commodity Risk Lead
Bp Trading & Shipping – Finance

Location (hybrid working) – London, Canary Wharf 60% - home working 40%
The world is changing fast and our industry is changing with it. The energy mix is shifting towards lower carbon sources, driven by technological advances and growing environmental concerns. In bp, we will help drive this transition - and our business will be transformed by it.
We are continually looking for hardworking, committed and results-oriented people to help us shape the face of energy for the future.
BP’s Trading & Shipping (T&S) is an integrated world-class trading organization that links together BP’s trading and supply activities in oil, power, gas, petrochemicals, finance and shipping in order to build trading capability and capacity, particularly through people and systems.
We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too. Together we continue to grow as the world’s leading energy trader.
Commodity Risk is a key control position within the Trading Refining & Shipping
organization. This role is accountable for providing deep business understanding and control through the delivery of reporting and analysis. This role holds the primary interface into the trading front office for a specific set of trading activity, balancing independence with a business enabling partnership.

Key Responsibilities

• Lead a team of analysts to perform operational activities & drive projects to fruition.
• Independently analyse and report trading book exposures and performance drivers.
• Validate integrity of management information provided to Financial Accounts.
• Develop a deep understanding of the business, exposures, strategies and market fundamentals to identify and mitigate potential risks
• Support the forecasting, allocation and optimization of working capital.
• Support new business and product development via effective due diligence,
• challenge and business partnering.
• Supporting model validation and monthly IPV processes.
• Hold, develop and maintain good working relationship with the front office, interface and senior management.
• Champion innovation and help deliver continuous improvement initiatives.

Essential Experience and Job Requirements

• Bachelors Degree (any subject), or equivalent experience.
• Experience in Product control and/or Market Risk within a trading environment.
• Very good understanding of energy trading markets and instruments.
• Highly effective great teammate, with attention to detail and ability to work within a very delivery-oriented environment.
• Ability to understand and communicate sophisticated analysis and ability to deploy a variety of communication styles to influence according to the situation, including senior stakeholders.
• Knowledge of the front to back Deal Life cycle, the role of Product Control\Risk
• through this cycle and the applications employed.
• Innovative approach to problem solving, technology and analytics.

Desirable Criteria

• Experience in commodities trading markets
• Evidence of self-development through professional study.
• Technical ability in programming languages, preferably Python, Excel VBA & Matlab.
• Experience in process reengineering and use of new technologies.
  

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request
accommodation

Travel Requirement

No travel is expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Analytical Thinking, Commercial Acumen, Commodity Risk, Commodity Risk Management, Commodity Trading Risk Management, Communication, Internal control and compliance, Market Knowledge, Market Risk Management, MATLAB, Microsoft Excel VBA Programming, Portfolio analytics, Python (Programming Language), Trade Control, Trade discipline and compliance, Trading and shipping data knowledge, Trading knowledge, Trading risk controls, Trading Risk Management

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.