Commodity Risk Lead - Structured Products America
Houston , Texas
September 26, 2017
Role synopsis
The role of Commodity Risk Lead is a key control position within the global Integrated Supply and Trading (IST) Finance and Risk organization supporting the North American Gas and Power (NAGP) business. This role is accountable for providing deep business understanding and control through the delivery of value-added reporting and analysis. This role holds the primary interface into the marketing of physical and financial energy derivatives for a suite of commodities including crude, products, natural gas, NGLs and power. This role will interface with both domestic and international marketing personnel and leadership while balancing independence with a business enabling partnership. This position is accountable for ensuring a world class control environment and requires a deep understanding of the activities not only within Commodity Risk but also with global crude, products, and NGLs markets as a whole. This role will be part of a team delivering the core accountabilities of independent daily exposures, risks, working capital, and P&L analysis while enforcing the IST Operating Standards and Control Processes. This position requires the ability to work to lead and participate in various work streams across global cross functional teams including frequent interaction with London, Singapore, Calgary and Chicago Commodity Risk teams.

Key accountabilities
  • Develop and leverage a deep understanding of NAGP marketing activities, exposures, strategies and market fundamentals.
  • Deliver timely, rigorous, and accurate reporting and analysis of exposures, risks, costs, gross margin, cash and working capital.
  • Provide constructive challenge to marketing and trading activity to ensure it is compliant and aligned to intended commercial strategy.
  • Deliver reporting and analytics that provide insight into IST's business activities in order to support business decision making and strengthen the control environment.
  • Support month-end and quarter-end close process, in conjunction with the NAGP Finance and Commercial Leadership, to generate timely and accurate team results for subsequent consolidation and reporting to the key leadership stakeholders.
  • Support regional and global process standardization initiatives.
  • Support ad hoc reporting requirements and/or special projects.
  • Continuously improve analytical capability, developing and deepening understanding of commodity portfolio and drivers within it.
  • Interface with functions across front, middle, and back office to understand and analyze marketing and trading activity impacts across the business.
  • Enhance functional interface through analytic support to create an informed and holistic decision-making process for BP. This includes developing tools and metrics to provide better insights into the business activities and key drivers of P&L and returns.
  • Facilitate and oversee effective and consistent compliance and controls, both internally and externally, while ensuring financial integrity for IST.
  • Liaise with front office to resolve any discrepancies on counterparty, pricing, volume and MTM intent
  • Work closely with regulatory reporting and compliance on bench trading activities.
  • Monitoring and ensuring compliance with control policies, standards and authority limits
  • Assisting as needed to ensure invoicing, financial settlement and cash forecasting activities are properly controlled.

Essential Education
Bachelor's Degree in Finance, Accounting, Financial Mathematics, Economics, Engineering, or other Quantitative field

Essential experience and job requirements
  • Experience with valuation and analysis of physical and financial derivatives required.
  • Ability to lead and influence in a team oriented environment while working across various functions
  • and Strong interpersonal and communication skills
  • Able to grasp and communicate complex models and trading transactions in layman terms for non-technical audience while highlighting the key economic effects
  • Self-motivated with the intellectual ability and curiosity to read, interpret, and maintain current knowledge of relevant trading and market fundamentals
  • Options valuation and analysis experience. (Asian, Asian Spread and Digital Options.)
  • Advanced proficiency in MS Excel
  • Attention to detail (ability to work with detailed transactions and properly control, report and communicate trading activity)
  • Ability to perform in a deadline oriented environment

Other Requirements (e.g. Travel, Location)
There are no additional requirements. Please respond with N/A below.

Desirable criteria & qualifications
  • Experience of working Solar Right Angle (SRA)
  • Physical and financial options valuation experience
  • In-depth knowledge of global Crude, Natural Gas, and NGL/LPG trading markets
  • Experience supporting logistical operations including vessels/barges, truck, rail and pipelines.
  • Knowledge of modelling and valuation of storage and transportation assets
  • Experience in Accounting, Back Office, Market Risk or Trading Analytics
  • Expanded knowledge of global trading markets relative to Gas, Crude or other market drivers in various geographies of the country
  • Experience working on global teams and leading projects.
  • Master in Accountancy or Finance, MBA or other financial certification including CFA, ERP, CPA
  • Proficiency in VBA

Relocation available

Travel required

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
[ "28-Sep-2017" ]

A little about us:
One of the world's leading international oil & gas companies, BP employs over 80,000 talented minds in 80 countries, fostering innovation & diversity.

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