Market Risk Lead - Refining & Products Trading

Entity:

Finance
Job Family Group:

Finance Group


Market Risk Lead – Refining & Products Trading

Bp Trading and Shipping

Location – Canary Wharf

Our purpose is to bring together people, energy and markets to power and navigate a changing world!

In a time of constant change and possibility we need new talent to pursue commercial opportunities, fuelled by world-class insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too. Together we continue to grow as the world’s leading energy trader.

Market Risk is a key control function within the Supply & Trading Finance organization. You will be accountable for providing deep business understanding and control through the delivery of value-add analysis and reporting. 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 Market Risk and Analytics to meet the team’s core accountability of delivering independent risk analysis and reporting.

If you perform well, you can expect bp Trading & Shipping to provide best-in-class career development opportunities both commercially and within the Finance and Risk function. Opportunities and development are encouraged globally across bp.

Key Accountabilities

In this role you will ensure trading strategies are understood and both challenge and/or support commercial teams appropriately with independent views within a risk management framework, and in line with Trading & Shipping’s Market Risk Standard and Delegation of Authority

You will provide the coordination and drive for the identification of market risks within the global oil & bio markets, identifying possible solutions and support implementation of the preferred approach with the wider Commodity Risk and Technology teams

Lead the development, run, and administer risk models and advance market risk analytics. Provide explanation for changes, and interact with commercial teams to understand and challenge underlying trading strategies

Work with the Commodity Risk Analytics Network to ensure that adequate market risk discipline and control prevails in the business

Provide input into the Trading & Shipping wide market risk policies and procedures working as a commercial partner to support and challenge the business in day-to-day trading as well as long term strategic deals

Essential Education:

Bachelor’s Degree (preferably in computer science, engineering, statistics, economics or similar), or equivalent experience

Essential Experience and Job Requirements:

Previous Market Risk or relevant Commercial/Analytics experience; acquired working within the energy trading sector

You are an excellent teammate able to operate within a sophisticated and dynamic trading business. In addition, you have the interpersonal, communication and decision-making skills, coupled with sound commercial discernment to build credible relationships across the division.

You should have a good level of technical ability in data structures & programming languages, Python and/or SQL, and good understanding of the fundamentals of commodities trading, including familiarity with options, derivatives and other trading instruments

Curiosity and natural interest in commodities, politics, technology and regulations driving commodities markets

You will understand how to break down economic drivers and deal valuation techniques (preferably familiar with Economic Evaluation Methodologies or M&A valuation models) supporting growth initiatives in the commercial strategy

Ability to network effectively with commercial teams and cross regions to build strong working relationships and support knowledge transfer and methodology standardisation within Market Risk across Trading & Shipping

Strong focus on delivering solutions in a timely and effective manner with minimum guidance or supervision

Why Join our team?

At bp, we provide an excellent working environment and employee benefits such as an open and inclusive culture, 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.

There are many aspects of our employees’ lives that are significant, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, collaboration spaces in a modern office environment, and others benefits.

Reinvent your career as you help our business meet the challenges of the future.

Thinking about applying? Learn more about our amazing discretionary to help you get the most out of work and life.

Travel Requirement

No travel is 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, Analytical Thinking, Analytics, Commercial Acumen, Commodity Markets, Commodity Risk Management, Commodity Trading, Communication, Creativity and Innovation, Curiosity, Data Structures, Data visualization and interpretation, Energy Markets, Energy Trading, Internal control and compliance, LNG Trading, Market Risk, Market Risk Analysis, Market Risk Management, Market Risk Modeling, Power Trading, Python (Programming Language), Resilience, SQL Coding, Trade discipline and compliance {+ 3 more}
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 .

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