At a Glance
- Tasks: Manage trade finance processes and collaborate with global teams to support business growth.
- Company: Join bp, a leading energy company committed to sustainability and innovation.
- Benefits: Enjoy flexible working options, generous parental leave, and excellent retirement benefits.
- Other info: Hybrid working model with opportunities for continuous improvement and professional growth.
- Why this job: Make a real impact in the energy sector while developing your career in a diverse environment.
- Qualifications: Strong understanding of trade finance instruments and excellent analytical skills.
The predicted salary is between 56700 - 69300 £ per year.
- Entity: Finance
- Job
- Family
- Group: Finance
- Group
- Job
Description: Our purpose is to deliver energy to the world, today and tomorrow.
For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate.
We are one of the few companies globally that can provide governments and customers with an integrated energy offering.
Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner!
About the Role This role is based in London and sits in the Global Structured Trade Finance (STF) team within bp’s trading business (ST&S).
The STF team facilitates ST&S business growth by partnering with credit, trading and origination teams, completing risk distribution and liquidity management using banks, insurers and other strategic partners employing tools such as letters of credit, risk cover and discounting using RPA or SPG, SCF and promissory notes as well as more complex structures.
Daily execution of import and export LCs, SBLCs, Bonds and Guarantees in support of ST&S, C&P and the wider group Robust process and system management of LC, SBLC, bond and guarantee collateral Collaboration with tethered FBT teams and Liquidity Management team Maintain and develop close partnerships with key partners including but not limited to CDD, CWC, Credit, Compliance, Treasury, Accounting Policy and Legal teams to ensure that Trade Finance solutions are delivered within internal and external boundaries and in compliance with guidelines.
Seamless coordinated partnerships across the business, including functional teams and Trading, Operations and Origination.
Broaden and continue building enduring relationships with banks and financial institutions.
- Key Accountabilities
- Silent running of ST&S credit risk mitigation activities by maintaining robust processes and controls.
- Timely and accurate issuance of letters of credit, standby letters of credit and bank guarantees within Treasury and ST&S delegations of authority, working practices and guidelines.
- Review, receive and record incoming collateral in the form of letter of credit, standby letter of credit or bank guarantee
- Collation, review and presentation of documents under documentary LC for payment and maturity or early with discounting.
- Partnership with Treasury, Credit, CWC, Contracts and Legal teams.
- Internal partner management
- Ensure Notices of Assignment are processed for ST&S globally.
- Continuous collaboration with FBT STF teams based in KL and Budapest ensuring safe transition of work to maintain high regional standards and good working relationships with bank, counterparties and internal participants.
- Actively pursue continuous improvement in processes and ways of working.
- Required Skills
Expertise Good understanding Trade Finance instruments in respect of benefits and limitations of LCs and SBLCs when deployed for risk mitigation and discounting depending on whether bp is supplier or buyer in the transaction.
Ability to scrutinise LC and SBLC drafts received from buyers to ensure adequate credit risk mitigation.
Good understanding of doc LC claims processes within bp and with banks Ability to ensure compliant documents are procured, prepared and presented for payment under doc LC in BAU and for SBLC in case of need.
Ability to draft LCs with consideration of price risks based on the counterparty’s creditworthiness.
Other Skills and Capabilities Agile and flexible worker who can cover many areas of the team and can effectively handle multiple activities, products, partners and/or projects simultaneously.
Can adjust well to workload changes.
Understanding of bp internal systems, including a good understanding of how core systems are integrated and how to use said systems to facilitate and support activities within STF and alongside CWC.
Excellent capability with Excel and Power Apps
Skills
- Analytical Thinking
- Business Acumen
- Collaboration
- Commodity Risk Management
- Creativity and Innovation
- Curiosity
- Data visualization and interpretation
- Decision Making
- Exposure Management
- Internal control and compliance
- Market Knowledge
- Market Risk Management
- Operational Risk
- Portfolio analytics
- Problem Solving
- Resilience
- Sentiment and Trends
- Thought Leadership
- Trade discipline and compliance
- Trade execution and management
- Trading and shipping data knowledge
- Trading Fundamentals
- Trading knowledge
- Trading risk controls
- Why join us
At bp, we support our people to grow in a diverse and exciting environment.
We believe that our team is strengthened by diversity.
There are many aspects of our employees’ lives that are meaningful, 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, 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.
Reinvent your career as you help our business meet the challenges of the future.
- Travel Requirement Negligible travel should be expected with this role
- Relocation
- Assistance: This role is not eligible for relocation
- Remote
- Type: This position is a hybrid of office/remote working
- Legal
Disclaimer: We are an equal opportunity employer.
We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, 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 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.
We’re an international energy company with global scale, ambitious plans and a team of brilliant people delivering energy to the world, today and tomorrow.
#J-18808-Ljbffr
Senior Analyst - Trade Finance employer: BP PLC
At Castrol, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration. As a Digital Portfolio Lead, you'll have the opportunity to drive impactful digital transformation initiatives while enjoying a flexible hybrid working model in vibrant locations like London or Pune. We are committed to your professional growth, providing competitive rewards and a supportive environment where diverse perspectives are valued, ensuring you can make a meaningful impact in your role.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Analyst - Trade Finance
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like BP PLC. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Analyst - Trade Finance
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to BP PLC.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on BP PLC's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at BP PLC
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with BP PLC.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at BP PLC will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former BP PLC employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
