Commodity Risk Analyst

Job description

Segment

Integrated Supply & Trading
Role synopsis

The role of Commodity Risk Analyst is a key control position within the Integrated Supply & Trading (IST) Finance & Risk organization in the NAGP business unit. The analyst will interface with both domestic and international supply and trading personnel and leadership. The successful analyst will balance independence with a business enabling partnership. This position is accountable for ensuring a world class control environment and requires a deep understanding of the activities not only within Commodity Risk but also with global crude, products, and NGLs markets as a whole. This analyst will be part of a team delivering the core accountabilities of independent daily exposures, risks, working capital, and P&L analysis while enforcing the IST Operating Standards & Control Processes. This role will act as a center of expertise for option and derivative trading activities and will be accountable for providing deep business understanding and control through the delivery of value-added reporting and analysis.
Req ID

76152BR
Location

United States - Texas - Houston
Is this a part time position?

No
Relocation available

No
Travel required

Yes - up to 10%
Key accountabilities

·  Develop and leverage a deep understanding of NAGP NGL supply and trading business, exposures, strategies and market fundamentals.
·  Deliver timely, rigorous, and accurate reporting and analysis of exposures, risks, costs, gross margin, cash and working capital etc.
·  Provide constructive challenge to trading activity to ensure it is compliant and aligned to intended trading strategy.
·  Deliver reporting and analytics that provide insight into IST's business activities in order to support business decision making and strengthen the control environment.
·  Oversee daily marking, upload, and maintenance of curves and volatilities.
·  Support month-end and quarter-end close process, in conjunction with the NGLs Finance Leadership, to generate timely and accurate team results for subsequent consolidation and reporting to the key leadership stakeholders.
·  Support regional and global process standardization initiatives.
·  Support ad hoc reporting requirements and/or special projects.
·  Continuously improve analytical capability, developing and deepening understanding of commodity portfolio and drivers within it.
·  Interface with functions across front, middle, and back office to understand and analyze trading activity impacts across the business.
·  Enhance functional interface through analytic support to create an informed and holistic decision-making process for BP. This includes developing tools and metrics to provide better insights into the business activities and key drivers of P&L and returns.
·  Facilitate and oversee effective and consistent compliance and controls, both internally and externally, while ensuring financial integrity for IST.
Essential Education

Bachelor's Degree in Finance, Accounting, Financial Mathematics, Economics, Engineering, or other Quantitative field
Desirable criteria and qualifications

·  Experience of working Solar Right Angle (SRA)
·  Physical and financial options valuation experience
·  In-depth knowledge of global Crude and NGL/LPG trading markets
·  Experience supporting logistical operations including vessels/barges, truck, rail and pipelines.
·  Knowledge of modelling and valuation of storage and transportation assets
·  Experience in Accounting, Back Office, Market Risk or Trading Analytics
·  Master in Accountancy or Finance, MBA or other financial certification including CFA, ERP, CPA
·  Proficiency in SQL, VBA and /or Matlab, Python, or other coding language
About BP

Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.

Integrated Supply & Trading (IST) is BP's face to the traded markets for BP in oil, gas, power, chemicals and finance. IST's role is to enhance Group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control and compliance infrastructure. IST has a dynamic and highly skilled workforce, which creates value by combining analysis and commercial innovation with the material asset base of BP.

IST Finance operates in support of IST's strategic objectives, helping it to achieve its aim of being the world's pre-eminent energy trader, in a controlled and compliant way. IST Finance is an integral function within BP's global oil and gas trading and supply activities. It is accountable for short term planning and for all financial and middle office control and reporting activities. It also ensures consistency and monitors compliance in processes and Operating Standards. IST Finance operates around 3 Global processes: Accounting & Reporting, Trade Completion and Product Control and operates seamlessly with the Risk function to support the business.

IST fosters a diverse and inclusive workplace for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.
Application close date

05-Dec-2016
Sub-category

Financial & Process Control
Job category

Finance
Countries (State/Region)

United States - Texas
Disclaimer

If you are selected for a position in the United States, your employment will be contingent upon submission to and successful completion of a post-offer/pre-placement drug test (and alcohol screening/medical examination if required by the role) as well as pre-placement verification of the information and qualifications provided during the selection process. The drug screen requires a hair test for which BP must be able to obtain a sufficient hair sample for analysis (~4 cm/1 ½” scalp, or > 2 cm/¾” body – arms & armpits/legs/chest).

BP is an equal employment opportunity and affirmative action employer. View ourpolicy statement .

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.

If you are a US-based applicant or you are applying to a position in the US and you are an individual with disability or a disabled veteran, and would like any type of assistance to apply or to access or to attend any recruitment or selection event, system or process, we would like to help you to ensure that your application process goes as smoothly as possible. If you need assistance, information, or answers to your questions, and you are an individual with disability or a disabled veteran, feel free to contact us or have any of your representatives contact us at BP US Application ************@*******.** ,Telephone: 281.366.1999.

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An equal opportunity employer/disability/vet.

Desired profile

Essential experience and job requirements

·  Experience with valuation & analysis of physical and financial derivatives required.
·  Ability to work in a team oriented environment while working across various functions
·  and Strong interpersonal and communication skills
·  Able to grasp and communicate complex models and trading transactions in layman terms for non-technical audience while highlighting the key economic effects
·  Self-motivated with the intellectual ability and curiosity to read, interpret, and maintain current knowledge of relevant trading and market fundamentals
·  Advanced proficiency in MS Excel
·  Attention to detail (ability to work with detailed transactions and properly control, report and communicate trading activity)
·  Ability to perform in a deadline oriented environment
Other Requirements (eg Travel, Location)

There are no additional requirements. Please respond with N/A below.
Eligibility Requirements

If you are applying for a position in the United States, you must be at least 18 years of age, legally authorized to work in the United States; and not require sponsorship for employment visa status (e.g., TN, H1B status), now or in the future.