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Senior Analyst Commodity Risk

Senior Analyst Commodity Risk

  • Location United Kingdom - London
  • Travel required Negligible travel should be expected with this role
  • Job category Finance Group
  • Relocation available This role is not eligible for relocation
  • Job type Professionals
  • Job code RQ075215
  • Experience level Intermediate
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Job summary

Entity:

Finance


Job Family Group:

Finance Group


Job Summary:

Location London - Canary Wharf 3 days a week, home working 2 days.
BP’s Trading & Shipping (T&S) is an integrated world-class trading organization that links together BP’s trading and supply activities in gas, power, carbon, oil, refined products, and shipping.

As part of BP’s aim to decrease the carbon intensity of the energy we supply, BP is targeting to build a 50GW portfolio of renewable power by 2030. This activity is set to continue its rapid growth, with recently announced joint venture with EnBW, adding to Lightsource BP’s 20GW global project development pipeline!

The European gas and power trading teams will be a key enabler of this aim, managing the risk and optimising these joint venture and 3rd party volumes, with its own portfolio of 3rd party power purchase agreements.

In support of the risk management of this portfolio, we will be seeking to build our capability in the risk management of intermittent renewable generation. This will include battery storage, flexible generation, interconnection, transport, physical gas storage, and other non-linear contracts.


Job Description:

Key accountabilities:

This role sits within the Commodity Risk team supporting the rapidly expanding gas, power and carbon trading activity in Europe. The Commodity Risk team is accountable for key financial controls as well as performance analytics and market risk management. Responsibilities will include:

  • Production of trading book P&L, exposure reporting, and performance attribution.
  • Contribute to our rapidly advancing digital agenda seeing opportunities to increase efficiency in processes and controls through automation and standardisation.
  • Working closely with accounting, reporting and control to ensure that relevant policies and procedures are applied to positions in the trading portfolios.
  • Assist in the preparation of market risk metrics and the identification of key risks in the portfolio.
  • Provide feedback on new business activity and transactions as part of the assurance and approval process

Essential education:

  • A University degree in a relevant subject area such as Finance or Accounting or field with transferable skills (i.e. science, technology, engineering, mathematics)

Essential experience and job requirements:

  • Knowledge and understanding of energy trading markets and instruments
  • Business experience in a control function within a trading environment
  • Track record of operational improvement and innovation
  • Strong analytical skills and ability communicate sophisticated concepts effectively

Desirable criteria & qualifications:

  • Relevant market experience in European Gas, European Power, or LNG.
  • Experience with pricing and exposure calculation for non-linear financial instruments such as options, swing, and/or physical assets (e.g. storage capacity, pipelines/interconnectors)
  • Experience working with Openlink/Endur
  • Knowledge of SQL and/or Python or other high-level programming language
  • Understanding of accounting and market risk concepts
  • Professional qualification in risk management (i.e. FRM, ERP, or PRM), financial analysis (i.e. CFA), or formally recognized Accounting qualification (ACA, CPA, etc.) would also be desirable!


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


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, Thought Leadership, 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 disabilities may request a reasonable 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 accommodation related to the recruitment process, please contact us to request accommodations.

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.

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