Commodity Risk (Product Control) Analyst

Job description

Segment

Integrated Supply & Trading
Role synopsis

The role of Commodity Risk Analyst is a key control position within the Commodity Risk and Integrated Supply & Trading (IST) Finance organization, in the Global Oil Trading business. 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 Encironmental Products trading activity, balancing independence with a business enabling partnership. This position requires a deep understanding of the activities within Commodity Risk in order to meet the team's core accountability of delivering independent daily exposures, P&L reporting and analysis.

Global Environmental Products (GEP) has the following coreactivities: managing BP's carbon emission trading business, optimisingBP Group's emissions obligations world-wide; maximising valuewhile ensuring compliance with US EPA and ARB mandates andglobal regulations; managing a portfolio of Primary and Secondaryprojects in support of the longer term Environmental Products strategy.

Req ID

73268BR
Location

London
Is this a part time position?

No
Relocation available

No
Travel required

Negligible travel
Key accountabilities

Daily deal deal level exposure and P&L validation:
On a daily basis, timely validation ofdeal blotters and business summaries from the front office to ensure that new business deals are accurately represented in the system.Daily price validationMaintain and review deal level MTM, exposure and P&LLiaise with front office to resolve any discrepancies on counterparty, pricing, volume and MTM valuationMaintain and review portfolio exposure by strategy against defined limits
·  Review operational activity for exposure and P&L impacts
·  Accurately validating, monitoring and managing ancillaries and related P&L on a daily basis including troubleshooting and resolving any related issues.
·  Support regional and global process standardisation initiatives
·  Support any ad hoc reporting requirements
·  Global P&L reporting:

·  Responsible for portfolio level validation of the daily generated P&L
·  Generatestandard exposure and P&L reports from the systems of record
·  Perform validation of exposure and P&L by pre-defined attribution and rules (e.g. by commodity, market/region, grades, new deals, MTM moves)
·  Timely delivery of consolidated P&L for the trading benches in Singapore, London and Chicago, and work closely with them to resolve any issues
·  Support any ad hoc P&L reporting requirements
Essential Education

·  N/A
Desirable criteria and qualifications

·  Accounting/Business degree or formally recognised Accounting qualification (ACA, ACCA, CIMA) beneficial.
·  IT (systems) skills (Endur/OpenLink, SAP, Business Objects, Excel & Access)
·  Strong interpersonal and communication skills
·  Demonstrates a working knowledge of the concept of mark-to-market and is able to articulate market/price volatility in terms of its effect on P&L, cash flow and working capital.
·  Can readily calculate exposure based on new, existing or proposed trading positions.
·  Able to understand and interpret operational risk data; identifies critical data for businesses and functions; highlights data most relevant to business drivers.
·  Able to handle deviations and exceptions and knows when to escalate any significant control breakdown
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

07/26/2016
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 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

·  Attention to detail, ability to work with detailed transactions and accurately control, report and communicate trading activity
·  Ability to perform in a deadline orientated 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.