Settlements Analyst

22 Nov 2016
31 Dec 2016
Oil and Gas
Contract Type
Full Time
Role synopsis
Provide settlement expertise and support for complex commodity settlement activity in the Global Oil America's Chicago Regional Settlements Team. The role requires frequent interaction with customers, traders, operators, functional support, and central settlements.

Key accountabilities
  • Accountable for the accurate and timely completion of Settlements activities within the area of responsibility
  • Accountable for ensuring that the operational activity within the area of responsibility is conducted within a strong control framework. Highlight any gaps or issues and in conjunction with the Settlements Team Lead/Manager, develop, document and implement mitigations as appropriate
  • Support the integration of new business activity into area of responsibility, ensuring people and processes are aligned and activity is embedded in a controlled and efficient manner
  • Pro-actively seek opportunities to standardize, simplify and automate processes to improve performance and efficiency
  • Support change activities to ensure successful implementation in area of responsibility
  • Understand the business performance expectations of the team and support the Settlements Team Lead/Manager in the measurement and reporting of KPIs for area of responsibility. Provide commentary and actions as appropriate. Address root cause of issues
  • Support business relationships with identified key stakeholders, building and maintaining customer focus
  • Support and train team members in understanding end to end Settlements processes and provide support for complex Settlement activity
  • Engage with the front office to improve straight through processing of Settlements activities
  • In conjunction with the Settlements Team Lead/Manager, ensure all processes are clearly documented and maintained. Support team members in understanding and following documented processes
  • Actively participate in and support projects as appropriate
  • Support Group cash and working capital management objectives

Essential Education
Bachelor's degree or equivalent experience

Essential experience and job requirements
  • Strong team working capabilities
    • ability to support and appropriately challenge team members
    • demonstrate effective teamwork and collaboration
  • Able to support and implement change
    • able to manage overall Management of Change process
    • able to adapt to changing environments
    • able to support others through change
    • act as a change champion
  • Proven experience in identifying continuous improvement opportunities
    • able to identify and implement innovative solutions
  • Knowledge of financial and physical trading instruments
  • Understanding of business drivers and how Settlements support delivery of the business strategy
  • Solid stakeholder management/customer service capabilities
  • Proven ability to communicate and influence
    • ability to establish rapport and develop relationships with a wide network of both internal stakeholders and external customers
    • ability to adapt own communication style to suit the requirements of different audiences
    • demonstrated willingness to appropriately challenge and stand one's ground when necessary
    • strong oral and written communication skills

Other Requirements (e.g. Travel, Location)
There are no additional requirements. Please respond with N/A below.

Desirable criteria & qualifications
  • SAP experience

Relocation available

Travel required
Negligible travel

Is this a part time position?

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.

Integrated Supply & Trading

Closing Date
[ "05-Dec-2016" ]