Welcome to ConocoPhillips, where innovation and excellence create a platform for opportunity and growth. Come realize your full potential here.

WHO WE ARE

We are one of the world’s largest independent exploration and production companies, based on proved reserves and production of liquids and natural gas. With operations and activities in 13 countries, we explore for, develop, and produce crude oil and natural gas globally. We are challenged with an important job to safely find and deliver energy to the world. Our employees are critical to our success, and with them we power civilization.
We’re grounded by our SPIRIT Values – safety, people, integrity, responsibility, innovation, and teamwork. These values position us to deliver strong performance in a dynamic business – but not at all costs. We believe it’s not just what we do – it’s how we do it – that sets us apart.

JOB SUMMARY

Our Commercial business manages the company’s worldwide commodity, supply, and marketing needs. Working with leadership on the development of the risk management processes for expanded Crude, NGL, and LNG activities. In addition, working closely with Exploration and Production, Commercial adds significant value by improving ConocoPhillips supply chain management and growing its third-party global marketing business.
Based at our offices at Angel Court in London, reporting directly to the Manager, Europe Regulation, Compliance & Risk, the position is responsible for both monitoring and reporting of Risk related commodity positions and P&L within Gas, LNG, and Crude, using deal capture, position reporting and risk management systems and for the further development of those systems and processes. The position also serves as an integral element within the internal control environment by ensuring positions are marked to market daily and risk management position reports are completed accurately and timely.

• Use existing systems and spreadsheet tools to understand and summarize commercial commodity price-risk positions
• Maintain MS Excel and MS Access based tools that leverage corporate systems for deal capture, position management, earnings and VaR
• Monitor and report exposure, VaR, and risk results
• Monitoring compliance with the company’s risk control policies and regional position limits
• Coordinating reconciliation of paper and physical positions to systems of record, and front office control spreadsheets in support of daily reporting responsibilities
• Support modelling of proposed trading scenarios and structured products
• Develop understanding of Commodity markets, exposures, and risk management approaches
• Through collaboration with Front Office, understand trading patterns and the infrastructure that moves gas, crude, or LNG from supply to market areas.
• Perform independent analysis to address any commercial concerns, identify process improvements and efficiencies in existing practices
• Utilise automation to strengthen process controls
• Train and mentor other Risk Operations team members
• Prepare a variety of ad hoc analysis and data tools to meet changing business needs
• Participate in business improvement projects that might include supporting or leading cross-functional teams that implement systems enhancements, re-work business processes, or address enterprise risks