This role sits within the GTEL Commodity Risk Strategic Delivery team within BP’s supply and trading business and is a key control position within the Commodity Risk and Integrated Supply & Trading Finance organization. This role is accountable for providing deep business understanding on risk measurement and control through maintenance and development of robust risk measurement models, interpretation and improvement of risk and control policies and procedures, and analysis of market conditions and trading positions. This role holds the primary interface into the trading front office for a specific set of trading activity, balancing independence with a business enabling partnership. This position requires a deep understanding of the activities within Commodity Risk Analytics in order to meet the team’s core accountability of delivering independent analysis and reporting.
Interpreting existing IST commodity risk policies and ensuring their correct application in GTEL as well as providing input into the definition of new policies and procedures.
Providing commodity risk input required as part of the functional assurance process through which new activities and projects considered by the Front Office are being evaluated and approved
Implementing and delivering the projects affecting the overall GTEL control framework and ensuring compliance with the overall IST control framework
Supporting the Regional Risk Committee meeting including long term framework update.
Supporting the IST register meeting including the GTEL IST register update and leverage and enhancement of the process.
Engaging the Front Office, other functions, and management to ensure transparency of commodity risk drivers
University Degree or equivalent experience.
Essential experience and job requirements
Good knowledge and understanding of energy trading markets and instruments
Strong analytical skills including the ability to understand and communicate complex transactions with embedded optionality as well as the ability to assess the market risk impact of those transactions on an existing portfolio
Attention to detail and ability to work within a very deadline orientated environment
Ability to deploy a variety of communication styles according to the situation and communicate effectively with stakeholders and peers
Other Requirements (e.g. Travel, Location)
Desirable criteria & qualifications
Solid understanding of European natural gas market drivers and physical assets (eg. storage capacity)
Good understanding of the fundamental of trading include options, derivatives and other trading instruments.
Strong numeracy and advanced Excel skills
Relevant experience preferably in Gas Europe or LNG Product Control, Market Risk, or Trading roles
Professional qualifications in financial analysis, risk management, accounting, or equivalent areas
Business experience in financial accounting and/or control within a trading environment
Is this a part time position?
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