Commodity Risk Analyst

Job description

Segment

Integrated Supply & Trading
Role synopsis

The Commodity Risk Analyst is a key leadership and control position within the Commodity Risk function and Integrated Supply and Trading Finance. The position is accountable to the Commodity Risk Manager for a specific commodity's aspects of control. The role includes being 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 providing analytics to support business insight, including working capital and cash.
Req ID

80179BR
Location

United States - Illinois - Chicago
Is this a part time position?

No
Relocation available

No
Travel required

Negligible travel
Key accountabilities

·  Responsible for providing independent, timely, globally aligned and accurate valuations of trading book position, exposure, performance data and analysis to facilitate trading execution, control of trading, management reporting, market risk management, credit risk management and compliance.
·  Validating integrity of management information provided to Financial Accounts for the Group Accounts and financial disclosures.
·  Independent understanding to identify/escalate and mitigate financial, operational & reputation risk related to trading book positions and exposures.
·  Single point of contact on any working capital related issues. Forecasting, allocation and optimization of working capital for ensuring book remains within limits.
·  Provide support for entering/exiting new instruments/markets & growth/contraction of existing business via effective due diligence.
·  Implement any Operating Standards and Control Processes in relevant region.
·  Support the relationship with relevant regional Trading Managers and Commercial leadership.
Essential Education

Bachelors degree
Desirable criteria and qualifications

·  IT (systems) skills (SAP, Business Objects, Excel & Access)
·  Good knowledge and understanding of energy trading markets and instruments
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. With a workforce of 80,000 employees, 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

08-Jun-2017
Sub-category

Financial & Process Control
Job category

Finance
Countries (State/Region)

United States - Illinois
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, feel free to contact us or have any of your representatives contact us at BP US Application ,Telephone: 281.366.1999.

Read theEqual Employment Opportunity is the Law poster for more information about Equal Employment Opportunities. (Spanish version )

An equal opportunity employer/disability/vet.

Desired profile

Essential experience and job requirements

·  Drive commercial focus
·  Able to analyse exposures
·  Competent at identifying basic risk mitigation strategies
·  Knowledgeable about external environment in which the business operates and able to assess and challenge its impact on the business risk matrix
·  Understands how industry trends affect a counterparty's business risk in the near term (less than a year) and mid-term (1 to 5 years)
·  Build and execute strategy
·  Champions change through visible and active commitment to drive the change process, while able to articulate the vision for change and engages with the organization and stakeholders to build alignment
·  Is able to provide guidance to help implement compliance and assurance policies successfully within the business and/or Functional area
·  Is able to expertly analyse Operational risk exposure within a specific business and is competent at advising risk mitigation programs. Demonstrates business acumen
·  Understands, recognizes and interprets the financial impacts of individual trades and complex deal structures
·  Able to recognize the exposure implications of trades, anticipate market price movements from various information sources and readily challenge traders on the underlying assumptions of deals, while offering alternative options
·  Understand what is expected to attest to the accuracy of financial statements
·  Understand the link between the actions of the business and the accounts and able to quickly identify the key performance issues given a full set of accounts
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.