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Commodity Risk Lead

Commodity Risk Lead

  • Location United States - Illinois - Chicago
  • Travel required Negligible travel
  • Job category Finance Group
  • Relocation available Negotiable
  • Job type Professionals
  • Job code 139590BR
  • Experience level Senior
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Job summary

The Commodity Risk Lead is a key control position within the Commodity Risk function and Trading and Supply Finance. The position is accountable to the Commodity Risk Manager for a specific commodity’s aspects of control. The role includes being the primary interface for trading and supply benches, while leading the daily activities that meet the team’s core responsibility of delivering independent daily exposure and P&L, and providing analytics to support business insight, including working capital and cash.

About the role

  • Responsible for the creation and delivery of high quality, insightful, valuable, and automated Management Information.
  • Responsible for bringing transparency to deal structures and explaining financial impacts in operational terms to Commodity Risk Manager.
  • Independent understanding of trading strategies to identify and mitigate financial, operational & reputational risk related to new or existing activities.
  • Ensure timely validation of deal blotters and business summaries from the front office to ensure that new business deals are accurately represented in the system.
  • Daily maintenance and validation of non-global curves and resolve any issue with bench analyst on a timely basis.
  • Liaise with finance, risk and front office teams to resolve any discrepancies on counterparty, pricing, volume and MTM intent.
  • Maintain and review deal level MTM, exposure and P&L
  • Accurately validating, monitoring and managing ancillaries and related P&L daily including troubleshooting and resolving any related issues.
  • Actively engage with Singapore, London and Chicago teams, ensuring proper handoffs between regions.
  • Support regional and global process standardization initiatives
  • Support any ad hoc reporting requirements
  • Find opportunities to apply technology and tools to enable business process efficiency.

About us
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, fueled 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 company!

Essential Education :
Bachelor’s Degree

Essential experiences and job requirements:

  • 10+ years finance or relevant experience
Desirable skills:
  • Strong technology capabilities including data visualization (Power BI/Tableau), data management (SQL/PLSQL) and understanding of programming languages (VBA, python) is preferred.
  • Good knowledge and understanding of energy trading markets and instruments
  • Drive commercial focus
  • Able to analyze exposures
  • Competent at identifying basic risk mitigation strategies
  • Knowledgeable about external environment in which the business operates and able to assess and challenge its impact on the business risk matrix.
  • Understands how industry trends affect a counterparty's business risk in the near term (less than a year) and mid-term (1 to 5 years).
  • Build and implement strategy
  • Champions change through visible and active commitment to drive the change process, while able to articulate the vision for change and engages with the organization and collaborators to build alignment.
  • Is able to provide guidance to help implement compliance and assurance policies successfully within the business and/or Functional area.
  • Is able to expertly analyze Operational risk exposure within a specific business and is competent at advising risk mitigation programs. Demonstrates eye for business.
  • Understands, recognizes and interprets the financial impacts of individual trades and complex deal structures.
  • Able to recognize the exposure implications of trades, anticipate market price movements from various information sources and readily challenge traders on the underlying assumptions of deals, while offering alternative options.
  • Understand what is expected to attest to the accuracy of financial documents.
  • Understand the link between the actions of the business and the accounts and able to quickly identify the key performance issues given a full set of accounts.
About BP
At bp, we’re reimagining energy for people and our planet. With operations around the world working across almost every part of the energy system, we are reinventing our business to help us reduce the carbon in our operations, grow new low carbon businesses and products, and actively advocate for progressive climate policies.
We’re a diverse team of engineers, scientists, traders and business professionals determined to find ways to take on some of the world’s biggest issues. But we know we can’t do it alone. So whether you’re at the start of your career, or a have few years under your belt, we are looking for people who share our passion for reinvention who can bring a fresh perspective, collaborative spirit, and challenge our thinking in our ambition to achieve net zero.

Why join bp
At bp, we support our people to learn and grow in a diverse and challenging 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 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, and excellent retirement benefits, among others!

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