Job Description
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Finance
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Job Description:
Supply, Trading & Shipping (ST&S) is bp's face to the traded markets for bp in oil, gas, power, chemicals and finance. ST&S's role is to improve bp value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control and compliance infrastructure. ST&S has a multifaceted and highly skilled workforce, which builds value by combining analysis and commercial innovation with the material asset base of bp.
Commodity Risk in ST&S is a key middle-office, financial controls function, accountable for ensuring that trading activities are conducted within a robust control framework. As a segment of ST&S Finance & Risk, the Commodity Risk organisation operates in support of ST&S's strategic objectives, helping it to achieve its aim of being the world's pre-eminent energy trader, in a controlled and compliant way. It is accountable for short term planning and for all middle office control and reporting activities. It also ensures consistency and monitors compliance in ST&S Policies and Procedures. Commodity Risk operates seamlessly with teams in the Finance & Risk function to support the business, namely Market Risk, Credit and Commercial Development.
The role of the Senior Manager Commodity Risk is a control and leadership position in the ST&S LNG business. This role sits within the Global Gas, Power Trading International (GPTI) business within the Finance and Risk function in London and is responsible for key aspects of delivery and control in London and ensuring effective ways of working with the LNG Commodity Risk team in Singapore. This role will lead a broader team delivering the core accountabilities of independent daily exposures, risks, working capital, P&L analysis, value-added reporting, new business development and ad-hoc analytics while enforcing the ST&S Operating Standards and Control Processes.
Role accountabilities:
- Ownership of key trading, risk and accounting controls for the LNG business.
- Steer and set strategy to drive continuous improvements, automation, global process standardisation and efficiencies in processes and controls
- Lead financial and new activity assurances and implementations
- Lead Commodity Risks execution of ST&S policy/procedures, financial reporting requirements, involving tax, regulatory and financial disclosures
- Lead independent challenge to business activity whilst maintaining good working partnerships with the commercial teams.
- Provide leadership and development for the broader LNG Commodity Risk team.
Role Requirements:
- A university degree in a relevant discipline, ideally Finance, Accounting or Maths.
- Business experience in market risk and/or trade control within a trading environment
- Strong discipline, attention to detail and ability to work within a very deadline orientated environment
- Proven track record of operational improvement and innovation
- Knowledge and understanding of energy trading markets and instruments and associated derivatives
- Strong understanding of risks concepts (e.g. MVaR, Stress Testing, etc.) and complex derivative instruments such as options
- Understanding of Global Gas and LNG market drivers.
- Understanding of physical assets (e.g. storage capacity, pipelines/interconnects, etc.)
- Strong analytical skills (the ability to grasp and communicate complex trading transactions into their economic effects)
- Ability to deploy a variety of communication styles according to the situation and communicate effectively at all levels.
Other desirable qualifications and experience:
- A professional qualification in risk management (i.e. FRM, ERP, or PRM), financial analysis (i.e. CFA)
- A formally recognised accounting qualification (ACA, CPA, etc.)
- Understanding of ETRM infrastructures and Market and Credit Risk
- Experience working in Openlink Endur
Why Join Us?
Were committed to supporting leaders who want to make an impact. At bp, youll have the chance to shape and influence outcomes across businesses. Youll be part of an inclusive environment where diverse perspectives are valued, and where your contribution to performance and integration matters.
We invest in the growth and wellbeing of our people, providing the resources, networks, and development opportunities needed to thrive. Our total rewards package includes competitive pay, bonuses, share options, and a range of flexible benefits designed to meet your needs from healthcare and retirement plans to paid time off and agile working. We recognise that people have multifaceted lives, and we strive to offer a career experience that reflects that.
Apply now!
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Legal Disclaimer:
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status.Individuals with an accessibility need may request an adjustment/accommodation related to bps recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process,pleasecontact us.
If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.
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