Commodity Risk Lead

Job category Finance Experience level Intermediate Relocation available This role is not eligible for relocation Job type Professionals Travel required No travel is expected with this role Job code RQ110154

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 Responsibilities

• 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/advance 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

Essential Experience and Job Requirement

• Ideal candidates will have a degree with at least 6-10 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
• 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 partners

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

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.

Our innovative Energize recognition points programme and spot awards translate exceptional performance into tangible rewards, to motivate our high performers.

Pay

bp offers competitive pay in line with industry standards, making us an employer of choice.

Discretionary bonus

We offer discretionary bonuses to reward strong company, business unit and individual performance, and recognition awards, including those related to long service to recognize commitment to the company.

Retirement \& savings

We offer a range of discretionary retirement and savings plans to help provide you and your family with financial security.

Insurance benefits

To give you additional peace of mind, bp provides valuable insurance benefits in some countries. These are designed to provide financial assistance to employees and their families if employees become unwell or die in service.

Equity

Depending on your location and job level, there may be equity (stock and share) options you are eligible to join so you can be part of bp’s success.

Disclaimer

This is a high-level summary only of terms and current discretionary benefits applicable to certain roles. Some rewards, benefits and policies are at managers’ discretion and vary depending on where you work within the business. All terms subject to contract and all discretionary benefits subject to policy and eligibility.