Commodity Risk Analyst
Commodity Risk Group in BP Integrated Supply and Trading (IST) is a key middle-office, risk and financial controls function, accountable for ensuring that trading activities are conducted within a robust control framework. As a segment of IST Finance, the Commodity Risk organization 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. It is accountable for middle office control and risk reporting activities. It also ensures consistency and monitors compliance in processes and Operating Standards.
The role of the Commodity Risk Analyst is a key control position within Integrated Supply & Trading (IST) Finance organization, in the NAGP business unit. This role is accountable for providing deep business understanding and control through the delivery of value-added reporting and analysis. This role interfaces with trading, M&O and support functions for Power trading activity, balancing independence with a business enabling partnership. This position is accountable for ensuring a world class control environment and requires a deep understanding of the activities not only within middle office and risk but also Power trading in order to meet the team's core accountability of delivering independent daily exposures, P&L and VaR reporting analysis while enforcing the IST Operating Standards & Control Processes.
Key accountabilities :
•Lead and develop staff both Houston and Stamford
•Work hand in hand with commercial personnel and various functions in NA & London to support business growth, new commercial activities, and bench initiatives
•Lead and manage IT and process improvement projects
•Develop a deep understanding of NAGP's Power trading business, exposures, strategies and market fundamentals
•Deliver reporting and analytics that provide insight into IST's business activities in order to support business decision making and to strengthen the control environment
•Provide constructive challenge to trading activity to ensure it is compliant and aligned to intended trading strategy.
•Implement valuation methodologies compliant with IST's Mark to Market Operating Standard.
•Have a clear understanding of market risk and trading activity impacts on VaR and Credit
Essential Education :
Bachelor's Degree in Finance, Accounting, Engineering, or other Quantitative field.
Essential experience and job requirements :
•5 years of experience in a physical and financial power trading environment, particularly in power.
• Understanding of complex power transactions such as load deals, energy asset management, power retail and renewable energy credits.
•Understanding of front to end transactions lifecycle, applications employed and ability to assess change impact across functions
•Strong analytical and quantitative skills
•Team player and eager to learn and teach in partnership with other team members within the commodity team and across other trading benches.
•Able to grasp and communicate complex models and trading transactions in layman terms for non-technical audience, while highlighting the key economic effects.
•Self-motivated with the intellectual ability and curiosity to read, interpret, and maintain current knowledge of relevant trading and market fundamentals.
•Ability to multi-task independently in a dynamic and changing business environment, within the global structure and under tight deadlines.
•Strong interpersonal and communication skills (verbal and written)
•Attention to detail and ability to work within a very deadline orientated environment
Desirable criteria and qualifications :
•MBA or other financial certification including CFA, FRM, CPA.
•Experience in the area of Product Control and Market Risk
•Strong knowledge of renewable energy credits (REC)