Job Description:
Market Risk Lead - Refining & Products Trading
Bp Trading and Shipping
Location - Canary Wharf
Our purpose is to bring together people, energy and markets to power and navigate a changing world!
Market Risk is a key control function within the Supply & Trading Finance organization. You will be accountable for providing deep business understanding and control through the delivery of value-add analysis and reporting. This role holds the primary interface into the trading front office for a specific set of trading activity, balancing independence with a business enabling partnership. This position requires a deep understanding of the activities within Market Risk and Analytics to meet the team's core accountability of delivering independent risk analysis and reporting.
Key Accountabilities
1. Ensure trading strategies are understood and both challenge and/or support commercial teams appropriately with independent views within a risk management framework, and in line with Trading & Shipping's Market Risk Standard and Delegation of Authority.
2. Provide the coordination and drive for the identification of market risks within the global oil & bio markets, identifying possible solutions and support implementation of the preferred approach with the wider Commodity Risk and Technology teams.
3. Lead the development, run, and administer risk models and advance market risk analytics. Provide explanation for changes, and interact with commercial teams to understand and challenge underlying trading strategies.
4. Work with the Commodity Risk Analytics Network to ensure that adequate market risk discipline and control prevails in the business.
5. Provide input into the Trading & Shipping wide market risk policies and procedures working as a commercial partner to support and challenge the business in day-to-day trading as well as long term strategic deals.
Essential Education:
Bachelor's Degree (preferably in computer science, engineering, statistics, economics or similar), or equivalent experience.
Essential Experience and Job Requirements:
1. Previous Market Risk or relevant Commercial/Analytics experience; acquired working within the energy trading sector.
2. Excellent teammate able to operate within a sophisticated and dynamic trading business with strong interpersonal, communication, and decision-making skills.
3. Good level of technical ability in data structures & programming languages, Python and/or SQL, and good understanding of the fundamentals of commodities trading.
4. Curiosity and natural interest in commodities, politics, technology, and regulations driving commodities markets.
5. Understanding of economic drivers and deal valuation techniques supporting growth initiatives in the commercial strategy.
6. Ability to network effectively with commercial teams and cross regions to build strong working relationships.
7. Strong focus on delivering solutions in a timely and effective manner with minimum guidance or supervision.
Why Join our team?
At bp, we provide an excellent working environment and employee benefits such as an open and inclusive culture, a great work-life balance, and tremendous learning and development opportunities. We believe that our team is strengthened by diversity and are committed to crafting an inclusive environment.
Travel Requirement:
No travel is expected with this role.
Relocation Assistance:
Relocation may be negotiable for this role.
Remote Type:
This position is a hybrid of office/remote working.
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. #J-18808-Ljbffr