Commodity Risk Lead

at  BP

COMMODITY RISK LEAD

Bp Trading & Shipping – Finance
Location (hybrid working) – London, Canary Wharf 60% - home working 40%
The world is changing fast and our industry is changing with it. The energy mix is shifting towards lower carbon sources, driven by technological advances and growing environmental concerns. In bp, we will help drive this transition - and our business will be transformed by it.
We are continually looking for hardworking, committed and results-oriented people to help us shape the face of energy for the future.
BP’s Trading & Shipping (T&S) is an integrated world-class trading organization that links together BP’s trading and supply activities in oil, power, gas, petrochemicals, finance and shipping in order to build trading capability and capacity, particularly through people and systems.
We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too. Together we continue to grow as the world’s leading energy trader.
Commodity Risk is a key control position within the Trading Refining & Shipping
organization. This role is accountable for providing deep business understanding and control through the delivery of 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.

ESSENTIAL EXPERIENCE AND JOB REQUIREMENTS

Bachelors Degree (any subject), or equivalent experience.
Experience in Product control and/or Market Risk within a trading environment.
Very good understanding of energy trading markets and instruments.
Highly effective great teammate, with attention to detail and ability to work within a very delivery-oriented environment.
Ability to understand and communicate sophisticated analysis and ability to deploy a variety of communication styles to influence according to the situation, including senior stakeholders.
Knowledge of the front to back Deal Life cycle, the role of Product Control\Risk
through this cycle and the applications employed.
Innovative approach to problem solving, technology and analytics.

SKILLS:

Analytical Thinking, Commercial Acumen, Commodity Risk, Commodity Risk Management, Commodity Trading Risk Management, Communication, Internal control and compliance, Market Knowledge, Market Risk Management, MATLAB, Microsoft Excel VBA Programming, Portfolio analytics, Python (Programming Language), Trade Control, Trade discipline and compliance, Trading and shipping data knowledge, Trading knowledge, Trading risk controls, Trading Risk Management

Lead a team of analysts to perform operational activities & drive projects to fruition.
Independently analyse and report trading book exposures and performance drivers.
Validate integrity of management information provided to Financial Accounts.
Develop a deep understanding of the business, exposures, strategies and market fundamentals to identify and mitigate potential risks
Support the forecasting, allocation and optimization of working capital.
Support new business and product development via effective due diligence,
challenge and business partnering.
Supporting model validation and monthly IPV processes.
Hold, develop and maintain good working relationship with the front office, interface and senior management.
Champion innovation and help deliver continuous improvement initiatives.