bp Hiring for Commodity Risk Lead – Gas and Power Trading Job at London, England Full Time

Grade GResponsible for managing a team to deliver value-added analysis, research and reporting to provide business understanding and control, strategically utilizing networks, mitigating high-impact trading risks and driving regulatory compliance in order to support the team’s core accountability of delivering independent daily exposures, profit and loss (P&L) reporting and analysis of trading activities.

Commodity Risk Lead

Gas and Power Trading International – Commodity Risk
Location London – Canary Wharf

Bp has set out a new strategy that will shift the company from being an international oil company focused on producing resources to an integrated energy company passionate about delivering solutions to customers. Want to join a company working towards a better future for our planet?!
This role sits within BP’s Trading & Shipping (T&S) which is an integrated elite trading organization, the role has a focus on Gas & Power Trading and is accountable to the Senior Manager – Commodity Risk. The team is responsible for the delivery of key financial controls, performance analysis and market risk management. This includes daily P&L, exposure, MVaR, Stress testing and other supporting analytics.

Key accountabilities

• Leading the delivery of key financial controls including daily P&L, exposure, and limit monitoring
• Ensuring that relevant accounting, reporting and control policies and procedures are applied to positions in the trading portfolios
• Performing independent price validation process to ensure accuracy of portfolio valuation
• Supporting accounting, reporting and control team to provide assurance that management information bridges to management accounts
• Providing input to the assurance and approval process, to ensure that new activity is incorporated in a controlled way, in support of business growth
• Find opportunities increase efficiency in processes and controls through automation and standardisation
• Supporting the identification, analysis, and communication of key risks and performance drivers in the portfolio
• Prioritisation of project work and analysis in support of commercial and commodity risk team objectives
• Provide daily oversight to the team of senior commodity risk analysts and support in their development

Essential education

• A University degree in a relevant field such as Finance or Accounting or subject area with transferable skills (i.e. science, technology, engineering, mathematics)

Essential experience and job requirements

• Extensive experience in product control, market risk, and/or finance function supporting a commodity trading business
• Comprehensive understanding of European Gas, Power, Carbon and/or LNG markets and commonly traded financial and physical instruments
• Good knowledge of accounting rules and concepts and how they are applied to a commodity trading business
• Experience in the design and operation of policy, procedure, and financial controls for a trading organisation
• Consistent track record of successful project delivery such as the onboarding new business activity or delivery of systems improvements
• Proven focus on operational improvement and innovation
• Validated stakeholder management skills and ability to influence senior finance and commercial leaders

Desirable criteria & qualifications

Professional qualification in risk management (i.e. FRM, ERP, or PRM), financial analysis (i.e. CFA), or formally recognized Accounting qualification (ACA, CPA, etc.) would also be desirable.

• Understanding of pricing and exposure calculation for non-linear financial instruments such as options, swing, and/or physical assets (e.g. storage capacity, pipelines/interconnectors)
• Experience working with Openlink/Endur
• Knowledge of SQL and/or Python or other high-level programming language
• Understanding of market risk concepts and how they can be applied to a portfolio of sophisticated, long-term, or asset exposures in addition to short term trading activity
• Experience leading a small team or managing the development of less experienced team members

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

Negligible travel required.

#LI-MM1

Finance

Finance Group

No

Negligible travel

Full time

United Kingdom

FINANCE

Join us in a crucial time of transition. We are bringing all of our finance and procurement activities for the group into one place, enabling better work.

For you this means working with us on:

Compliance – efficiently delivering external reporting requirements to ensure we continue to meet our regulatory ‎obligations in all jurisdictions, supported by robust control environment across all three lines of ‎defence.‎

Stewardship – laying out a robust finance framework and providing ongoing management of the balance sheet and ‎portfolio execution, supported by effective advocacy to the market.‎

Performance – facilitating the effective allocation of capital, development of business plans and coordination of ‎business performance interventions to ensure a consistent delivery between strategic aspirations, ‎operational forecasts and delivered outcomes. Furthermore, you will be responsible for value creation through mergers and acquisition-led ‎deals, commercial negotiations and integration of business opportunities.‎

Transformation – driving digital transformation (centralising, digitising, optimising) across all elements of the finance entity to ‎achieve sector-leading cost-performance.‎

Senior