Commodity Risk Lead

As a leading global energy company, we provide heat, light and mobility to customers worldwide. Across the bp landscape, we’re home to a range of brands across many areas of our industry.  We’re investing in today’s energy system and helping build out tomorrow’s. So while we’re still in oil and gas, over the next decade we’ll become a different kind of energy company. We’re decarbonizing and diversifying our business, fundamentally transforming what we do so we can reach net zero by 2050 or sooner. We also have a strong mission to help the whole world reach net zero too – working across our industry to improve people’s lives.  

It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of Finance Business & Technology (FBT), you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the globe. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself, and grow a long-term career at bp. And no matter where you work, your role will have meaning, purpose and impact. So if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you.

• 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.
• Independent understanding of trading strategies to identify/raise and mitigate financial, operational & reputational risk related to new or existing activities.
• Ensure timely validation of new business to ensure that new business deals are accurately represented in the system.
• Validation and analysis of prices and curves and resolve any issue with bench analyst on a timely basis.
• Ensure market data integrity with reference to price series and forward curves, pricing calendars and expiry tables in the systems
• Ensure accurate delivery of independent exchange-related activities, analysis of exchange trades with a lens of risks involved and accurate forecast of cash required for exchange trading
• Collaborate closely with finance, risk and front office teams to resolve any discrepancies on counterparty, pricing, volume and MTM intent.
• Validate deal level MTM, exposure and P&L.
• Accurately validate, monitor, and manage ancillaries costs and related P&L daily including troubleshooting and resolving any related issues.
• Actively engage with global teams, ensuring proper handoffs between regions.
• Support regional and global process standardization initiatives.
• Support monthly close activities

What You will need to be successful:

• Relevant higher education background
• Ideal candidates will have relevant education with at least 5-10years of finance, risk or other proven experience.
• You will be proficient at identifying basic risk mitigation strategies and can drive commercial focus, analyze exposures and be a strategic member of our finance team.
• Being knowledgeable about the external environment in which the business operates and being able to assess and challenge its impact on the business risk matrix is crucial to this role.
• You should be able to analyze operational risk exposure and advise risk mitigation programs.
• Being able to work independently with large data sets.
• Being able to influence business and manage partners.
• Possessing programming skills and understanding energy trading markets and instruments would be highly beneficial.
• Previous experience in Product Control, risk management environment, or trading is highly desirable.

At bp, we provide the following environment & benefits to you:

• Different bonus opportunities based on performance, wide range of cafeteria elements
• Life & health insurance, medical care package
• Flexible working schedule: home office up to 2 days / week, based on team agreement
• Opportunity to build up long term career path and develop your skills with wide range of learning options
• Family friendly workplace e.g.: Extended parental leave, Mother-baby room
• Employees’ wellbeing programs e.g.: Employee Assistance Program, Company Recognition Program
• Possibility to join our social communities and networks
• Chill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices
• Assets like phone for private usage and company laptop are provided from the first day of employment with other equipment if requested

bp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC's annual employer research. Come and join us!

Travel Requirement

Relocation Assistance:

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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.