Natural Gas Commodity Risk Analyst - Analytics

Job description

Role synopsis

BP's Integrated Supply Trading (IST) is an integrated world-class trading organization that links together BP's trading and supply activities in oil, power, gas, petrochemicals, finance and shipping in order to build trading capability and capacity, particularly through people and systems. Responsibility for managing trading risk within IST rests with the Finance & Risk Function. The Commodity Risk Team within the Finance & Risk Function focuses more particularly on driving IST's market risk agenda. Its role is to improve market risk measurement and control through: (i) the setting up of appropriate market risk policies and procedures; (ii) the development of adequate market risk measurement models; and (iii) the provision of market risk advice to management on new activities and projects. The Commodity Risk Teams are managed regionally by the Heads of Commodity Risk for each of the four main IST trading locations (London, Houston, Chicago, and Singapore), along with their respective teams of finance and risk professionals. Regional offices report to their respective IST Trading locations. The Finance and Risk Team is currently seeking candidates for the position of Commodity Risk Analyst focusing on the North American Gas and Power portfolio (NAGP). The position is based in Houston and reports to the Commodity Risk Lead - Analytics for Natural Gas based in Houston. This position offers an excellent opportunity to: (i) make a significant difference to the way IST/NAGP measures and manages market risk; (ii) acquire in-depth exposure to risk management and trading strategies within IST; and (iii) gain knowledge of all markets in which NAGP is active. The post holder will work closely with the rest of the Market Risk Team/Risk Network as well as with other functions within relevant regional businesses. He/she will also interact with the rest of the regional businesses and IST at large.
Req ID

83487BR
Location

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

No
Relocation available

No
Travel required

No
Key accountabilities

·  Develop and leverage a deep understanding North America Natural Gas Trading and Marketing and Originations (M&O) activities, exposures, strategies and market fundamentals.
·  Provide constructive challenge to Trading and M&O activity to ensure it is compliant and aligned to intended commercial strategy.
·  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.
·  Providing the coordination/drive for the identification of market risk issues within NAGP, identifying possible solutions and coordinating implementation of the preferred approach with Front Office and Finance/Risk Leadership;
·  Interpreting IST's market risk policies and ensuring their applications in NAGP. In particular, he/she will have responsibility for interpretation of IST's Market Risk Standard and Delegation of Authority Policy as they apply to NAGP;
·  Providing the market risk input required as part of the process through which new activities and projects considered by the Front Office are being evaluated and approved by NAGP and IST;
·  Helping Commodity Risk teams interpret and explain the market risk numbers produced by the risk models when required (“second level analysis”);
·  Providing regular analysis and review of the risk/reward in Front Office trading strategies, as well as demonstrating a thorough understanding of the characteristics of the markets in which NAGP participates.
·  Ensuring that adequate market risk discipline and control prevails in NAGP;
·  Ensuring that risk models and methodologies used within NAGP are in line with IST policy requirements.
·  Providing input into the definition of IST-wide market risk policies and procedures by representing the risk agenda of NAGP.
·  Provide leadership and create a sense of community within the Commodity Risk team, consistent with BP's Values and Behaviors. Promote and support our “Speak Up” culture unconditionally
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

24-Nov-2017
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 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, 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 Assistance ,Telephone: 281.366.1999.

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

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

·  Good understanding of the fundamentals of energy trading, including extensive familiarity with derivatives and other trading instruments.
·  Ability to lead and influence in a team oriented environment while working across various functions
·  Strong interpersonal and communication skills
·  Self-motivated with the intellectual ability and curiosity to read, interpret, and maintain current knowledge of relevant trading and market fundamentals
·  Familiar with the basic principles of market risk measurement and control. He/she will have an understanding of the alternative methods available to calculate value-at-risk, define appropriate risk factors, account for non-linear instruments, etc.;
·  Solid understanding of the practical difficulties/limitations of MVaR and other risk measures (volumetric limits, Greeks, etc) either through working in the middle office or a front office role;
·  Sound understanding of the need for a robust risk management framework in a trading environment. He/she will know how risk limits should be set and controlled in order to ensure that the organization only takes the risks it is comfortable with; and
·  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.

Desired profile

Essential Education

University degree in a relevant discipline
Desirable criteria and qualifications

·  Advanced degree in finance, economics, mathematics, science, engineering, etc. is highly desirable.
·  Professional qualification in financial analysis (i.e. CFA), risk management (i.e. FRM, ERP, or PRM), business or operations research is also desirable.
·  The successful Candidate will have relevant market risk, middle office, or trading experience, acquired working either within BP or at a firm in a related field (energy trading firm, financial institution, etc.).
·  Sound understanding of North American Natural Gas, NGL, Oil/Products and Power markets is highly desirable.
·  A team player able to operate within a complex and dynamic trading business.
·  Must possess the interpersonal, communication and decision-making skills, coupled with the business acumen and sound commercial judgment to build credible relationships across IST.