Commodity Risk Analyst FVC Analyst

Job ID: 664219
Category: Accounting & Finance
Salary: Negotiable
Job Views:
Job Type:
Part time
Role synopsis
This is a Commodity Risk Analyst role based in the Singapore office of IST Global Oil. The role provides control over the optimisation of BP’s refineries and marketing assets performed in Singapore on behalf of the BP Fuels Value Chain (FVC) organisation. The analyst will be required to work with IST Finance teams and front line Asset Traders to ensure appropriate control and oversight as well as FVC Supply, Finance and Reporting teams to ensure that the FVC requirements are being met.

The Commodity Risk FVC team provides real-time front-line control and management information for management and Asset traders. This includes daily profit and loss measurement, trading exposure reporting, and risk reporting. Because of the unique position of the team in the middle office, the team supports broader commercial activities including helping with:
- projects (NAIs and Business Transformation)
- analysis and control input of business opportunities
- providing insights into commercial performance
- monitoring trader adherence to limits
- training other teams and sharing expertise.

Key accountabilities
Daily deal deal level exposure and P&L validation:
On a daily basis, timely validation of deal blotters and business summaries from the front office to ensure that new business deals are accurately represented in the system.
Maintain and review deal level MTM, exposure and P&L
Review operational activity for exposure and P&L impacts
Monitoring of Delegations of Authority and adherence to trading limits
Own the relationship with the relevant trader (s) and manage relationships with other teams and functions such as Operations, Settlements and Accounts – both in IST and FVC.
Enhance the control environment through critical evaluation of current controls and processes, utilisation of best practice and the introduction of ongoing improvements
Running and monitoring FVC performance reports for various stakeholders – ensuring sound analytics.
Essential Education
Accounting/Business degree or formally recognised Accounting qualification (ACA, ACCA, CIMA)
Attention to detail, ability to work with detailed transactions and accurately control, report and communicate trading activity
Ability to perform in a deadline orientated environment
Essential experience and job requirements
Familiarity with asset optimisation commercial performance measurement concepts
Strong interpersonal and communication skills
IT (systems) skills (SAP, Business Objects, Excel & Access)
Other Requirements (e.g. Travel, Location)
Light travelling.
Desirable criteria & qualifications
Familiarity with asset optimisation commercial performance measurement concepts
Strong interpersonal and communication skills
IT (systems) skills (SAP, Business Objects, Excel & Access)
Understanding Trading
Demonstrates a working knowledge of the concept of mark-to-market and is able to articulate market/price volatility in terms of its effect on cash flow and working capital.
Readily calculates exposure based on new, existing or proposed trading positions.
Understanding Fuel Value Chain
Demonstrates basic knowledge around refining and supply/marketing business
Understands the effects of changes in supply/demand drivers.
Market Risk
Understands the principles of financial risk management.
Able to understand and interpret the relevant data (exposures, prices, volatilities, correlations) used by the Market Risk Function.
Credit Risk
Understands the construction of a public company's financial statement and knows how to calculate traditional financial ratios.
Knowledge of a counterparty's country of incorporation and registration and awareness of possible credit ramifications.
Operational Risk
Able to understand and interpret operational risk data; identifies critical data for businesses and functions; highlights data most relevant to business drivers
Internal Control & Assurance
Able to handle deviations and exceptions and knows when to escalate any significant control breakdown and/or any incipient or improper accounting.
Understands how controls operate to improve performance and prevent loss.
Able to recognise business changes that require documentation.
Understands the specific requirements and transaction controls within their own business area and operates successfully within these.
Is able to identify points of potential compliance and assurance breakdown and assists in the creation of ways to mitigate them.
Understands how these requirements affect business performance and prevent loss for BP
Understanding Financial Accounts
Understands how accounting data are wired together to form a set of accounts.
Able to build a bridge from profit to cash flow.
Familiar with the main accounting ratios: return on capital employed, return on equity, return on sales, asset turnover.
Communicating & Advising
Actively listens and responds to the concerns of others.
Conveys ideas in a clear, concise manner.
Leading Change
Understands the key concepts of change and project management tools.
Able, with support, to document how benefits are delivered, measured and reported.
Relocation available
Travel required
Yes - up to 10%
Is this a part time position?
About BP
Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.

Integrated Supply & Trading (IST) is BP's face to the traded markets for BP in oil, gas, power, chemicals and finance. IST's role is to enhance Group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control and compliance infrastructure. IST has a dynamic and highly skilled workforce, which creates value by combining analysis and commercial innovation with the material asset base of BP.

IST Finance operates in support of IST's strategic objectives, helping it to achieve its aim of being the world's pre-eminent energy trader, in a controlled and compliant way. IST Finance is an integral function within BP's global oil and gas trading and supply activities. It is accountable for short term planning and for all financial and middle office control and reporting activities. It also ensures consistency and monitors compliance in processes and Operating Standards. IST Finance operates around 3 Global processes: Accounting & Reporting, Trade Completion and Product Control and operates seamlessly with the Risk function to support the business.

IST fosters a diverse and inclusive workplace for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.
Integrated Supply & Trading
Closing Date
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