Derivatives Commodity Risk Senior Analyst (product control)

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

Derivatives Commodity Risk Senior Analyst (Product Control)

Bp Trading and Shipping

Location – Canary Wharf (hybrid) 3 days office, home working 2 days

The Derivatives Commodity Risk Team sits within Finance, Trading & Shipping, providing effective control and risk governance for crude and products options and derivatives trading globally.

As a Senior Analyst you will be responsible for improving the risk and control framework to enable future growth, reducing process, and building capability across the wider division community. The role encompasses tasks associated with both traditional Product Control and Market Risk roles, ranging from delivering daily Market Risk reporting solutions and analysis, to performing monthly validations of market parameters and monthly MI/MA reconciliations.

The role is very broad, offering regular interaction with other teams, traders, as well as Accounting, IT and Senior Management.

Accountabilities:

• Hold a deep understanding of IST’s Global Derivatives trading business, exposures, strategies and market fundamentals
• Provide constructive challenge to trading activity to ensure it is compliant and aligned to intended trading strategy.
• Support delivery of key Product Control and Market Risk procedures. To include month/quarter-end due diligence, model validation and monthly IPV processes.
• Deliver reporting and analytics that provide insight into IST’s business activities, in order to support business decision making and to strengthen the control environment.
• Collaborate effectively across regional and global bench teams, helping broaden and deepen derivatives capability across and into other physical benches.
• Demonstrate a high standard of communication in writing, emails, presentations, and informal conversations.
• Ensure that adequate market risk control prevails in the business
• Support integration of new activity which may involve complexities such as valuation and recognition of physical optionality.

Essentials:

• You must have deep technical expertise in derivatives and complex option trading strategies as well as strong accounting and control background.
• You will be a phenomenal teammate able to operate within a sophisticated and dynamic trading business. In addition, you must possess the interpersonal, communication and decision-making skills, coupled with an eye for business and sound commercial judgement to build credible relationships.
• Validated strong analytical and quantitative skills, able to grasp and communicate complex models and trading transactions in everyday terms for a non-technical audience, while highlighting the key economic and risk effects
• 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 multi-layered and changing business environment, within the global structure and under tight deadlines.

Desirables:

• A University degree or equivalent experience is required. Professional qualifications (or studying towards) subjects in financial analysis, risk management, or accounting would be desirable but are not a prerequisite.

Why join bp?

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 UK reward and benefits to help you get the most out of work and life.

Travel Requirement

No travel is expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Commodity Markets, Commodity Risk, Commodity Risk Management, Commodity Trade Finance, Commodity Trading, Commodity Trading Risk Management, Communication, Internal control and compliance, Market Knowledge, Market Risk Management, Microsoft Power Business Intelligence (BI), Python (Programming Language), Resilience, Trade Control, 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.