Senior Analyst Commodity Risk

1 day left

Chicago, Illinois
Open / Negotiable
Mar 19, 2021
Apr 18, 2021
Industry Sector
Finance - General
Employment Type
Full Time

Role Synopsis

The Senior Analyst - Commodity Risk is a key strategic control position within the Commodity Risk function and bp's Trading and Shipping Finance. As Sr. Analyst - Commodity Risk you will be accountable to the Commodity Risk Manager for a specific commodity’s aspects of control.  We currently have several new openings on different areas of our Trading and Shipping Finance teams.  You will be the primary interface for trading and supply benches, while managing the daily activities that meet the team’s core responsibility of delivering independent daily exposure and P&L, and providing analytics to support business insight, including working capital and cash.

Key accountabilities 

  • Responsible for the creation and delivery of high quality, insightful, value added, and automated management information.
  • Responsible for bringing transparency to deal structures and explaining financial impacts in operational terms to Commodity Risk Manager.
  • Independent understanding of trading strategies to identify/escalate and mitigate financial, operational & reputational risk related to new or existing activities.
  • Ensure timely validation of deal blotters and business summaries from the front office to ensure that new business deals are accurately represented in the system.
  • Daily maintenance and validation of non-global curves and resolve any issue with bench analyst on a timely basis.
  • Liaise with finance, risk and front office teams to resolve any discrepancies on counterparty, pricing, volume and MTM intent
  • Maintain and review deal level MTM, exposure and P&L
  • Accurately validating, monitoring and managing ancillaries and related P&L on a daily basis including troubleshooting and resolving any related issues.
  • Actively engage with global teams, ensuring proper handoffs between regions.
  • Support regional and global process standardization initiatives

Essential Education 

  • Bachelor’s Degree or equivalent experience

Essential experience and job requirements 

  • At least 7 years of finance, risk or relevant experience.
  • Ability to drive commercial focus, analyze exposures and be a strategic member of our finance teams.
  • Competent at identifying basic risk mitigation strategies
  • Knowledgeable about external environment in which the business operates and able to assess and challenge its impact on the business risk matrix
  • Understands how industry trends affect a counterparty's business risk in the near term (less than a year) and mid-term (1 to 5 years)
  • Build and execute strategy
  • Champions change through visible and active commitment to drive the change process, while able to articulate the vision for change and engages with the organization and stakeholders to build alignment
  • Is able to provide guidance to help implement compliance and assurance policies successfully within the business and/or functional area
  • Is able to expertly analyze operational risk exposure within a specific business and is competent at advising risk mitigation programs. Demonstrates business acumen
  • Understands, recognizes and interprets the financial impacts of individual trades and complex deal structures
  • Able to recognize the exposure implications of trades, anticipate market price movements from various information sources and readily challenge traders on the underlying assumptions of deals, while offering alternative options
  • Understand what is expected to attest to the accuracy of financial statements
  • Understand the link between the actions of the business and the accounts and able to quickly identify the key performance issues given a full set of accounts

Desirable criteria and qualifications 

  • IT skills (systems, programming languages) 
  • Solid knowledge and understanding of energy trading markets and instruments