Lead Commodity Risk - Gas

Job summary

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

The Commodity Risk Group is a key middle-office, risk, and financial controls function accountable for ensuring that trading and origination activities are conducted within a robust control framework. The Commodity Risk Lead will play a key role interfacing with trading, marketing & origination, scheduling, structuring, and support functions for the Natural Gas bench. It requires balancing independence with a business enabling partnership. This position is accountable for delivering/overseeing market risk insight and analysis, P&L reporting, month end close process and providing analytics to support business insight, including working capital and cash while enforcing the ST&S Operating Standards & Control Processes. The position reports to the Gas Commodity Risk Manager.

Key accountabilities

Develop strong understanding of bp natural gas commercial businesses.

Establish strong relationships with commercial and functional teams in Houston, Calgary, and regional offices.

Deliver insightful reporting and analytics that enable business decision making and commercial growth of the portfolio. This is achieved through timely, rigorous, and accurate reporting and analytics of exposure, market risk (VaR and stress scenarios), gross margin, cash and working capital.

Facilitate and oversee effective and consistent compliance and controls, both internally and externally, while ensuring financial integrity for T&S. Facilitate discussions with both internal and external auditors.

Bring transparency to deal structures and explain financial impacts in operational terms to the Manager of Commodity Risk and other members of the leadership team.

Maintain and review MTM, exposure and P&L by deal, portfolio, trader, region, and strategy.

Lead due diligence discussions with Commercial and Finance leaders.

Support regional and global process standardization initiatives.

Liaise with IT to lead and manage process improvement/simplification initiatives.

Requirements

Bachelor’s degree in finance or accounting, other degrees considered.

5+ years of experience in a physical and financial commodity trading environment with a bias towards natural gas or power.

Experience with commodity options which includes knowledge of components, valuation and resulting positions.

Understanding of front to end transaction lifecycle, key operational and financial controls, applications employed and ability to assess change impact across functions.

Great teammate and eager to learn and teach in partnership with other team members within the team and across other trading benches.

Able to grasp and communicate complex transactions in simple terms for non-technical audience, while highlighting the key economic effects & associated operational and market risks.

Self-motivated with the intellectual ability and curiosity to read, interpret, and maintain current knowledge of relevant trading and market fundamentals.

Ability to multi-task independently in a dynamic and changing business environment, within a global structure and under tight deadlines.

Champion change through visible and active commitment to drive the change process, while able to articulate the vision for change and engage with collaborators to build alignment.

Strong interpersonal and communication skills (verbal and written).

Desirable criteria

Experience in Product Control/Middle Office/Market Risk.

IT skills (Energy Trading/Risk Management systems – Endur, Advanced MS Excel, programming languages like Python, tools like Power BI).

Solid knowledge and understanding of energy trading markets and instruments.

Why Join Our Team?

At bp, we provide an excellent working environment and employee benefits such as a great work-life balance, tremendous learning and development opportunities to craft your career path, life and health insurance, medical care package and many others!

We support our people to learn and grow in a diverse and exciting environment. We believe that our team is strengthened by diversity. We are committed to crafting an inclusive environment in which everyone is respected and treated fairly.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform crucial job functions, and receive other benefits and privileges of employment. Don’t hesitate to get in touch with us to request any accommodations!

Travel Requirement

Negligible travel should be expected with this role

Relocation Assistance:

Relocation may be negotiable for this role

Remote Type:

This position is a hybrid of office/remote working

Skills:

Analytical Thinking, Commercial Acumen, Commodity Risk Management, Communication, Creativity and Innovation, Curiosity, Data visualization and interpretation, Decision Making, Exposure Management, Group Problem Solving, Internal control and compliance, Market Knowledge, Market Risk Management, Operational Risk, Portfolio analytics, Resilience, Thought Leadership, Trade discipline and compliance, Trade execution and management, Trading and shipping data knowledge, Trading knowledge

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 bp’s 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, please contact 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.