Structured Credit Advisor

Job category

Finance

Experience level

Senior

Relocation available

This role is not eligible for relocation

Job type

Professionals

Travel required

No travel is expected with this role

Job code

RQ109528

The Structured Credit Advisor – Structured Credit, Gas & Power Trading Americas (GPTA) is responsible for managing the structured credit risk arising from trading and origination activities within GPTA - and as required as a backup to other portfolios within or across regions. This is a commercially enabling role that must drive business forward while maintaining transparency, control, and an appropriate risk/reward balance. Primary focus is on complex structured transactions and facilities (e.g., producer hedging, power offtakes) rather than more standard physical and financial “flow” trading.

The Credit Advisor will focus on credit underwriting for structured deals, evaluation and optimization of relative risk/reward inherent in different structures, deal documents negotiations, as well as risk management of stressed and distressed transactions. Candidates need to be comfortable with making or escalating decisions in a fast-paced environment. They will partner closely with Origination, Legal, Contracts, Structured Trade Finance and other colleagues across regions to support regional and global growth strategies, providing a risk management lens to decision making. Candidates are expected to demonstrate a capability and passion for continued professional development, allowing them to stay abreast of current market practices and support novel transaction structures.

Key Accountabilities

- Underwrite commodity-based structured solutions for the oil and gas producer space. Master the key drivers of credit exposure within a trading relationship, including vulnerabilities of each counterparty's liquidity, capital structure, and competitive position

- Advise on credit structuring for large or long-term complex transactions, financing facilities, and credit policies and frameworks working alongside Front Office, Legal, Contracts, Structured Trade Finance, and other functions

- Work with Origination and Legal to develop and negotiate key credit-related clauses in various contracts

- Understand the use of contractual terms, letters of credit, guarantees, lien structures and similar protections to unlock value and deliver positive commercial outcomes and collaborate with Structured & Trade Finance to externalize credit risk

- Monitor ongoing compliance with credit limits and terms, maintaining related data within T&S's systems and calling out any issues or concerns

- Champion risk management and portfolio-level exposure controls and demonstrate a balanced but opportunistic mindset, working proactively to facilitate commercial growth

- Support recovery efforts on distressed credits

- Develop relationships with various groups in T&S that enable the open and timely flow of information and interventions

- Provide back-up for team lead or other team members on an as-needed basis

- Actively contribute to the training and professional development of the junior team member

Essential Education & Experience

- Bachelor's degree or equivalent experience required

- Prior experience in corporate credit risk management, structured trade finance, or a related function within a bank, other types of financial institutions, commodity trader, or similar

- A relentless commitment to excellence, including exceptional attention to detail and rigorous and timely follow-through on all role accountabilities

- Strong knowledge of commodity trading, preferably in energy and derivative products

- Experience with the application of statistical measures of credit risk and portfolio management

- Strong analytical and financial skills, including fluency with models and financial derivatives (or similar variable exposures common to trading businesses)

- Excellent interpersonal skills with confidence to work with partners across the organization

- Demonstrated comfort and ability exercising critical thinking and independent judgment when advising on complex transactions, distressed credits or when revisiting legacy credit risk management approaches amidst changing internal or external conditions

- A committed team player who is also comfortable working autonomously and under the demands of a fast-paced work environment

- A strong appreciation for the rigorous controls and operations required in a regulated environment

Why join us?

At bp, 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 fostering an inclusive environment in which everyone is respected and treated fairly.

There are many aspects of our employees’ lives that are important, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, among others!

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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.

Our innovative Energize recognition points programme and spot awards translate exceptional performance into tangible rewards, to motivate our high performers.

Pay

bp offers competitive pay in line with industry standards, making us an employer of choice.

Discretionary bonus

We offer discretionary bonuses to reward strong company, business unit and individual performance, and recognition awards, including those related to long service to recognize commitment to the company.

Retirement & savings

We offer a range of discretionary retirement and savings plans to help provide you and your family with financial security.

Insurance benefits

To give you additional peace of mind, bp provides valuable insurance benefits in some countries. These are designed to provide financial assistance to employees and their families if employees become unwell or die in service.

Equity

Depending on your location and job level, there may be equity (stock and share) options you are eligible to join so you can be part of bp’s success.

Disclaimer

This is a high-level summary only of terms and current discretionary benefits applicable to certain roles. Some rewards, benefits and policies are at managers’ discretion and vary depending on where you work within the business. All terms subject to contract and all discretionary benefits subject to policy and eligibility.