Commodity Risk Manager at BP

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

Commodity Risk is a key strategic control position within the bp's Supply Trading and Shipping (ST&S) organization. The role holder serves as the primary interface for trading and supply benches, while managing the daily activities that meet the team’s core responsibility of delivering independent daily exposure and P&L, and provides analytics to support business insight, including working capital and cash.

Key accountabilities

• Responsible for the creation and delivery of high quality, insightful, valuable, and automated management information.
• Responsible for bringing transparency to deal structures and explaining financial impacts in operational terms.
• Independent understanding of trading strategies to identify/raise and mitigate financial, operational & reputational risk related to new or existing activities.
• Ensure timely validation of new business to ensure that new business deals are accurately represented in the system.
• Validation and analysis of prices and curves and resolve any issue with bench analyst on a timely basis.
• Ensure market data integrity with reference to price series and forward curves, pricing calendars and expiry tables in the systems
• Ensure accurate delivery of independent exchange-related activities, analysis of exchange trades with a lens of risks involved and accurate forecast of cash required for exchange trading
• Collaborate closely with finance, risk, and front office teams to resolve any discrepancies on counterparty, pricing, volume and MTM intent.
• Validate deal level MTM, exposure and P&L.
• Accurately validate, monitor, and manage ancillaries and related P&L daily including troubleshooting and resolving any related issues.
• Actively engage with global teams, ensuring proper handoffs between regions.
• Support regional and global process standardization initiatives.
• Liaise with finance, risk, and front office teams to resolve any discrepancies on counterparty, pricing, volume and MTM intent.
• Ensure appropriate application of ST&S Commodity Risk Policy. In particular, the person will have responsibility for the application of ST&S’s Market Risk, Commodity Risk and Delegation of Authority Policy.
• Support any ad hoc reporting requirements
• Lead a small team of analysts and provide day-to-day support and guidance
• Help drive process and operational transformation while maintaining a strong focus on control

Essential Experience and Job Requirement

• Ideal candidates will have a degree with at least 8-15 years of finance, risk or other proven experience.
• You will be proficient at identifying basic risk mitigation strategies and can drive commercial focus, analyze exposures and be a strategic member of our finance team.
• Be knowledgeable about the external environment in which the business operates and being able to assess and challenge its impact on the business risk matrix is crucial to this role.
• You should be able to analyze operational risk exposure and advise risk mitigation programs.
• Possessing programming skills and understanding energy trading markets and instruments would be highly beneficial.

Desirable Criteria

• Background on product control or risk management environment in commodity trading or derivative instruments
• Strong organizational skills, ability to process and prioritize information efficiently
• Have experience in managing and guiding team
• Able to work calmly under pressure with deadlines and embrace agile working style
• Good communications skills to maintain effective working relationships with ST&S and FBT stakeholders

At bp, we provide the following environment and benefits to you:

• A company culture where we respect our diverse and unified teams, where we are proud of our achievements and where fun and the attitude of giving back to our environment are highly valued
• Possibility to join our social communities and networks
• Learning opportunities and other development opportunities to craft your career path
• Life and health insurance, medical care package
• And many other benefits.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status

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: Legal Disclaimer:

We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, 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.