bp Hiring for Senior Analyst Commodity Risk Job at London, England Full Time

BP’s Trading & Shipping (T&S) is an integrated world-class trading organization that links together BP’s trading and supply activities in gas, power, carbon, oil, and refined products.

Closely aligned with the BP ambition to become a net zero company by 2050 or sooner, Low Carbon Trading is a rapidly expanding part of T&S. The team are focused on trading and originating environmental products, used to mitigate greenhouse gas emissions, for both compliance requirements and voluntary targets.

The origination team source certificates from a wide range of projects including forestry, biogas production, biofuel blending, energy efficiency measures, and natural climate solutions. The trading team optimises a portfolio of certificates, from these primary projects and secondary markets, to fulfil the requirements of BP and our customers.

Although there are a number of mature compliance markets, the voluntary market is still in its infancy. With limited liquidity and reliable pricing benchmarks yet to emerge, the control and risk management of this product set presents a unique challenge.

This is an exciting opportunity for an experienced commodities professional looking for a new challenge, or someone that is highly motivated and looking to be part of a fast-growing business in a rapidly evolving market.

Key accountabilities

This role sits within the Commodity Risk team supporting this complex and rapidly growing gas, power and carbon trading activity in Europe. The Commodity Risk team is accountable for key financial controls as well as performance analytics and market risk management. Responsibilities will include:

• Production of trading book P&L, exposure reporting, and performance attribution.
• Contribute to our rapidly advancing digital agenda identifying opportunities to increase efficiency in processes and controls through automation and standardisation.
• Working closely with accounting, reporting and control to ensure that relevant policies and procedures are applied to positions in the trading portfolios.
• Assist in the preparation of market risk metrics and the identification of key risks in the portfolio.
• Provide feedback on new business activity and transactions as part of the assurance and approval process

Essential education

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

Essential experience and job requirements

• Business experience in control within a trading environment
• Proven track record of operational improvement and innovation
• Knowledge and understanding of energy trading markets and instruments
• Strong analytical skills and ability communicate sophisticated concepts effectively

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!
• Relevant market experience in European Gas, European Power, or LNG
• Previous experience in product control, market risk, or finance function supporting an energy trading business
• Experience with 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 accounting and market risk concepts (e.g. MVaR, Stress Testing, etc.)
• Project management experience

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.

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.‎