Commodity Risk AnalystUnited States - Texas - Houston
The role of Commodity Risk Analyst is a key control position within the Integrated Supply & Trading (IST) Finance & Risk organization in the NAGP business unit. The analyst will interface with both domestic and international supply and trading personnel and leadership. The successful analyst will balance independence with a business enabling partnership. This position is accountable for ensuring a world class control environment and requires a deep understanding of the activities not only within Commodity Risk but also with global crude, products, and NGLs markets as a whole. This analyst will be part of a team delivering the core accountabilities of independent daily exposures, risks, working capital, and P&L analysis while enforcing the IST Operating Standards & Control Processes. This role will be accountable for providing deep business understanding and control through the delivery of value-added reporting and analysis.
- Develop a deep understanding of NGL supply and trading business, exposures, strategies and market fundamentals.
- Deliver timely, rigorous, and accurate reporting and analysis of exposures, risks, costs, gross margin, cash and working capital etc.
- Provide constructive challenge to trading activity to ensure it is compliant and aligned to intended trading strategy.
- Deliver reporting and analytics that provide insight into IST’s business activities in order to support business decision making and strengthen the control environment.
- Oversee daily marking, upload, and maintenance of curves and volatilities.
- Support month-end and quarter-end close process, in conjunction with the NGLs Finance Leadership, to generate timely and accurate team results for subsequent consolidation and reporting to the key leadership stakeholders.
- Support regional and global process standardization initiatives.
- Support ad hoc reporting requirements and/or special projects.
- Continuously improve analytical capability, developing and deepening understanding of commodity portfolio and drivers within it.
- Interface with functions across front, middle, and back office to understand and analyze trading activity impacts across the business.
- Enhance functional interface through analytic support to create an informed and holistic decision-making process for BP. This includes developing tools and metrics to provide better insights into the business activities and key drivers of P&L and returns.
- Facilitate and oversee effective and consistent compliance and controls, both internally and externally, while ensuring financial integrity for IST.
Bachelor’s Degree in Finance, Accounting, Financial Mathematics, Economics, Engineering, or other Quantitative field
Essential experience and job requirements:
- Experience with valuation & analysis of physical and financial derivatives required.
- Ability to work in a team-oriented environment while working across various functions
- Strong interpersonal and communication skills
- Able to grasp and communicate complex models and trading transactions in layman terms for non-technical audience while highlighting the key economic effects
- Self-motivated with the intellectual ability and curiosity to read, interpret, and maintain current knowledge of relevant trading and market fundamentals
- Advanced proficiency in MS Excel
- Attention to detail (ability to work with detailed transactions and properly control, report and communicate trading activity)
- Ability to perform in a deadline oriented environment
Other Requirements (e.g. Travel, Location):
There are no additional requirements. Please respond with N/A below.
Desirable criteria & qualifications:
- Experience of working Solar Right Angle (SRA)
- Physical and financial options valuation experience
- In-depth knowledge of global Crude and NGL/LPG markets
- Experience supporting logistical operations including vessels/barges, truck, rail and pipelines.
- Knowledge of modelling and valuation of storage and transportation assets
- Experience in Accounting, Back Office, Market Risk or Trading Analytics
- Master in Accountancy or Finance, MBA or other financial certification including CFA, ERP, CPA
We are a global energy business involved in every aspect of the energy system. We have 75,000 employees in 80 countries, working towards delivering light, heat and mobility to millions of people, every day. We are one of the very few companies equipped to solve some of the big complex challenges that matter for the future. We have a real contribution to make to the world's ambition of a low carbon future. Join us, and be part of what we can accomplish together.
Energy marketing and trading offers customers a unique combination of physical expertise, financial structures, geographic scope and creative solutions.
If you are selected for a position in the United States, your employment will be contingent upon submission to and successful completion of a post-offer/pre-placement drug test (and alcohol screening/medical examination if required by the role) as well as pre-placement verification of the information and qualifications provided during the selection process. The drug screen requires a hair test for which BP must be able to obtain a sufficient hair sample for analysis (~4 cm/1 ½” scalp, or > 2 cm/¾” body – arms & armpits/legs/chest)
As part of our dedication to the diversity of our workforce, BP is committed to Equal Employment Opportunity. Applicants will receive consideration for employment without regard for race, color, gender, religion, national origin, disability, veteran status, military status, age, marital status, sexual orientation, gender identity, genetic information or any other protected group status. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may contact us or have one of your representatives contact us at BPUSApplicationAssis@bp.com or by telephone at 281.366.1999.
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If you are applying for a position in the United States, you must be at least 18 years of age, legally authorized to work in the United States; and not require sponsorship for employment visa status (e.g., TN, H1B status), now or in the future.