Market Risk Analyst

Job description

Segment

Integrated Supply & Trading
Role synopsis

BP are looking to hire a number of Market Risk Analysts over the coming months. Should you be interested in joining BP, please submit your CV on a prospective basis, in order to be considered for future roles that will be coming up in the near future . All applicants will be responded to with feedback.

The Market Risk Analyst is a key position within the Commodity Risk and Integrated Supply & Trading Finance organisation. 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 and MI Analytics in order to meet the team's core accountability of delivering independent daily exposures, P&L reporting and analysis
Req ID

76121BR
Location

United Kingdom - South East - London
Is this a part time position?

No
Relocation available

No
Travel required

Negligible travel
Key accountabilities

·  Provide input in to the definition of IST wide market risk policies and procedures working as a commercial partner to support and challenge the business in day to day trading as well as long term strategic deals
·  Ensure trading strategies are understood and both challenge and/or support Front Office appropriately with independent views within a risk management framework and in line with Integrated Supply and Trading (IST) Market Risk Standard and Delegation of Authority.
·  Provide the coordination/drive for the identification of market risk issues within Crude and Product markets, identifying possible solutions and coordinate implementation of the preferred approach with Commodity Risk and IT.
·  Interpret IST's market risk policies and ensuring appropriate application. In particular, he/she will have responsibility for the interpretation of IST's Market Risk Standard and Delegation of Authority Policy.
·  Run and administer risk models and production of market risk analytics. Provide explanation for changes, and interact with Front-Office to understand and challenge underlying trading strategies;
·  Work with the Commodity Risk Analytics Network to ensure that adequate market risk discipline and control prevails in the business;

Essential Education

A University degree or equivalent is a requirement

Desirable criteria and qualifications

·  Professional qualifications in financial analysis, risk management, business or operations research would be desirable but are not a prerequisite.
·  Programming, ideally in MATLAB(or equivalent).and Excel VBA
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.

The IST Risk organization is an integral function within BP's global oil and gas trading and supply activities. IST Risk is comprised of teams with expertise in Credit Risk, Market Risk, Operational Risk and Risk Quantitative Analysis. All the Risk teams provide both independent oversight of our trading activities as well as support the business in various commercial decision making capacities. The teams ensure IST is operating within approved limits, advise management of areas for review as well as provide pre trade support and risk analysis.

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

29-Nov-2016
Sub-category

Market Risk
Job category

Finance
Countries (State/Region)

United Kingdom - South East

Desired profile

Essential experience and job requirements

·  Market Risk expertise
·  Understand core market risk principles and how to apply them within physical oil trading
·  Experience in evaluating complex deals linked to commercial strategy. Understand economic drivers and deal valuation techniques
·  Strong Communicator with the ability to engage with Front Office, understanding complex trading strategies with the ability to challenge and suggest risk management solutions. Know how risk limits should be set and controlled in order to ensure risk is aligned with commensurate return
·  Practical experience of market risk systems. Familiar with the practical difficulties of MVAR and other risk measures
·  Understand the fundamentals of commodities trading, including familiarity with options, derivatives and other trading instruments
·  Able to build simple option models and run multi factor regressions Management and Interaction Skills
Other Requirements (eg Travel, Location)

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