Location
Malaysia - Kuala Lumpur
Travel required
No travel is expected with this role
Job category
Finance
Relocation available
This role is not eligible for relocation
Job type
Professionals
Job code
RQ094188
Experience level
Intermediate
Job summary

JOB DESCRIPTION:

As a leading global energy company, we provide heat, light and mobility to customers worldwide. Across the bp landscape, we’re home to a range of brands across many areas of our industry. We’re investing in today’s energy system and helping build out tomorrow’s. So while we’re still in oil and gas, over the next decade we’ll become a different kind of energy company. We’re decarbonizing and diversifying our business, fundamentally transforming what we do so we can reach net zero by 2050 or sooner. We also have a strong mission to help the whole world reach net zero too – working across our industry to improve people’s lives.
It’s an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of finance business & technology (FBT), you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the world. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself and grow a long-term career at FBT Malaysia. And no matter where you work, your role will have meaning, purpose and impact. So if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you.
Commodity Risk Lead is a key strategic control position within the Commodity Risk function and bp’s Trading and Shipping Finance. The role holder serves as 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 provides analytics to support business insight, including working capital and cash.

ESSENTIAL EDUCATION, EXPERIENCE AND JOB REQUIREMENTS

Ideal candidates will have a degree or equivalent experience with at least 7 - 10 years of finance, risk or other proven experience.
You will be proficient at identifying basic risk mitigation strategies and can drive commercial focus, analyze exposures and be a strategic member of our finance team.
Being knowledgeable about the external environment in which the business operates and being able to assess and challenge its impact on the business risk matrix is crucial to this role.
You should be able to analyze operational risk exposure and advise risk mitigation programs.
Possessing programming skills and understanding energy trading markets and instruments would be highly beneficial.
Proven track record in commercial, analytical roles & operational improvement skills.
Ability to work with cross functional team members and influence and articulate to business and other partners.
Ability to work calmly under pressure and adopt the agile way of work.
Strong communication skills.
Previous experience in product control or risk management environment or Trading is highly desirable.

SKILLS:

Analytical Thinking, Collaboration, Commercial Acumen, Commodity Risk Management, Creativity and Innovation, Curiosity, Data visualization and interpretation, Decision Making, Exposure Management, Group Problem Solving, Internal control and compliance, Market Knowledge, Market Risk Management, Operational Risk, Portfolio analytics, Resilience, Thought Leadership, Trade discipline and compliance, Trade execution and management, Trading and shipping data knowledge, Trading knowledge

Responsible for the creation and delivery of high quality, insightful, valuable, and automated management information.
Responsible for bringing awareness to deal structures and explaining financial impacts in operational terms.
Independent understanding of trading strategies to identify/raise and mitigate financial, operational & reputational risk related to new or existing activities.
Ensure timely validation of new business to ensure that new business deals are accurately represented in the system.
Validation and analysis of prices and curves and resolve any issue with bench analyst on a timely basis.
Ensure market data integrity with reference to price series and forward curves, pricing calendars and expiry tables in the systems.
Ensure accurate delivery of independent exchange-related activities, analysis of exchange trades with a lens of risks involved and accurate forecast of cash required for exchange trading.
Collaborate closely with finance, risk and front office teams to resolve any discrepancies on counterparty, pricing, volume and MTM intent.
Validate deal level MTM, exposure and P&L.
Accurately validate, monitor and manage ancillaries and related P&L daily including troubleshooting and resolving any related issues.
Actively engage with global teams, ensuring proper handoffs between regions.
Support regional and global process standardization initiatives.