Commodity Risk Analyst

Job description

Role synopsis

Integrated Supply & Trading 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. The Commodity Risk Analyst is a key control position within the Commodity Risk and Integrated Supply & Trading Finance organization. This role is accountable for providing deep business understanding and control through the delivery of value-added 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. This position requires a deep understanding of the activities within Market Risk or Product Control Analytics in order to meet the team's core accountability of delivering independent daily exposures, P&L reporting and analysis.

Req ID

72132BR
Location

London
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.
·  Supporting the remediation of 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.
·  Operate in accordance with Operating Standards and Control Processes in relevant region.
·  Hold relationship with relevant Traders and Operational Leadership.

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

05/09/2016
Sub-category

Financial & Process Control
Job category

Finance
Countries (State/Region)

United Kingdom - South East
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 our policy 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 Assistance ************@*******.** ,Telephone: 281.366.1999.

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

An equal opportunity employer/disability/vet.
Essential experience and job requirements

·  Business experience in financial accounting and/or control within a trading environment •Good knowledge and understanding of energy trading markets and instruments
·  Strong understanding of key controls used to mitigate risks
·  Strong analytical skills (the ability to grasp and communicate complex trading transactions into their economic effects)
·  Attention to detail and ability to work within a very deadline orientated environment
·  Ability to deploy a variety of communication styles according to the situation and communicate effectively with stakeholders and peers
·  Knowledge of the front to back Deal Life cycle, the role of Commodity Risk through this cycle and the applications employed

Other Requirements (eg Travel, Location)

N/A
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.
Level

Level H

Desired profile

Essential Education

Bachelors Degree (any discipline), or equivalent experience.
Desirable criteria and qualifications

·  Working towards or completed a formally recognized Accounting qualification (i.e. ACA, CPA)
·  Solid understanding of Market and Credit Risk functions