Commodity Risk Lead

BP Plc.
London, United Kingdom
Competitive package + Bonus
Mar 24, 2021
Apr 23, 2021
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
This role sits within BP's Trading & Shipping (T&S) which is an integrated elite trading organization, the role has a focus on Gas & Power Trading and is accountable to the Senior Manager - Commodity Risk. The team is responsible for the delivery of key financial controls, performance analysis and market risk management. This includes daily P&L, exposure, MVaR, Stress testing and other supporting analytics.

Key accountabilities
  • Leading the delivery of key financial controls including daily P&L, exposure, and limit monitoring
  • Ensuring that relevant accounting, reporting and control policies and procedures are applied to positions in the trading portfolios
  • Performing independent price validation process to ensure accuracy of portfolio valuation
  • Supporting accounting, reporting and control team to provide assurance that management information bridges to management accounts
  • Providing input to the assurance and approval process, to ensure that new activity is incorporated in a controlled way, in support of business growth
  • Find opportunities increase efficiency in processes and controls through automation and standardisation
  • Supporting the identification, analysis, and communication of key risks and performance drivers in the portfolio
  • Prioritisation of project work and analysis in support of commercial and commodity risk team objectives
  • Provide daily oversight to the team of senior commodity risk analysts and support in their development

Essential education
  • A University degree in a relevant field such as Finance or Accounting or subject area with transferable skills (i.e. science, technology, engineering, mathematics)

Essential experience and job requirements
  • Extensive experience in product control, market risk, and/or finance function supporting a commodity trading business
  • Comprehensive understanding of European Gas, Power, Carbon and/or LNG markets and commonly traded financial and physical instruments
  • Good knowledge of accounting rules and concepts and how they are applied to a commodity trading business
  • Experience in the design and operation of policy, procedure, and financial controls for a trading organisation
  • Consistent track record of successful project delivery such as the onboarding new business activity or delivery of systems improvements
  • Proven focus on operational improvement and innovation
  • Validated stakeholder management skills and ability to influence senior finance and commercial leaders

Desirable criteria & qualifications

Professional qualification in risk management (i.e. FRM, ERP, or PRM), financial analysis (i.e. CFA), or formally recognized Accounting qualification (ACA, CPA, etc.) would also be desirable.
  • Understanding of pricing and exposure calculation for non-linear financial instruments such as options, swing, and/or physical assets (e.g. storage capacity, pipelines/interconnectors)
  • Experience working with Openlink/Endur
  • Knowledge of SQL and/or Python or other high-level programming language
  • Understanding of market risk concepts and how they can be applied to a portfolio of sophisticated, long-term, or asset exposures in addition to short term trading activity
  • Experience leading a small team or managing the development of less experienced team members

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

Negligible travel required.

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