Commodity Risk Analyst

United Kingdom
19 Jul 2019
03 Aug 2019
Oil and Gas
Skilled Trades
Contract Type
Full Time
Job profile summary:
The Commodity Risk Analyst is a key control position within the Integrated Supply & Trading Finance organization. This role is accountable for providing deep business understanding and control through the delivery of value-added reporting and analysis. This role holds the primary interface into the trading front office for a specific set of trading activity, balancing independence with a business enabling partnership. This position requires a deep understanding of the activities across both Product Control and Market Risk in order to meet the team's core accountability of delivering independent daily exposures, P&L reporting and analysis. The successful candidate will initially be assigned to the Crude Oil bench executing control accountabilities there.

Job Advert:
Key Accountabilities
  • Provide independent, timely and accurate valuations of trading book position and performance data (P&L) and analysis to facilitate trading execution on a daily basis.
  • Develop a deep understanding of IST's Crude trading business, exposures, strategies and market fundamentals
  • Validating integrity of management information provided to Financial Accounts for the Group Accounts and financial disclosures Independent understanding to identify/escalate and mitigate financial, operational & reputation risk related to trading book positions and exposures Supporting the remediation of working capital related issues. Forecasting, allocation and optimization of working capital for ensuring book remains within limits Provide support for entering/exiting new instruments/markets & growth/contraction of existing business via effective due diligence
  • Operate in accordance with Operating Standards and Control Processes in relevant region
  • Hold relationship with relevant Traders and Operational Leadership

Essential Requirements
  • Bachelors degree (any discipline) or equivalent experience
  • Business experience in financial accounting and/or control within a trading environment
  • Good knowledge and understanding of energy trading markets and instruments Ability to work in a team, with the ability to train and develop other team members
  • Strong understanding of key controls used to mitigate risks
  • Strong analytical skills (the ability to grasp and communicate complex trading transactions into their economic effects) Innovative approach to problem solving
  • Attention to detail and ability to work within a very deadline orientated environment
  • Ability to deploy a variety of communication styles according to the situation and communicate effectively with stakeholders and peers Knowledge of the front to back Deal Life cycle

  • Evidence of further study..
  • Experience/ interest in process reengineering and use of new technologies (e.g. Python, Power BI)
  • Understanding of Market and Credit Risk functions

About BP:
We are a global energy business involved in every aspect of the energy system. We have 75,000 employees in 80 countries, working towards delivering light, heat and mobility to millions of people, every day. We are one of the very few companies equipped to solve some of the big complex challenges that matter for the future. We have a real contribution to make to the world's ambition of a low carbon future. Join us, and be part of what we can accomplish together.

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