Commodity Risk/Product Control Lead

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

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 have an exciting opportunity to join our Trading & Shipping Team in Houston as a Lead on our Commodity Risk Power team!  In this new position you will report directly to the Power Commodity Risk Senior Manager and have the opportunity to work alongside some of the brightest people in the industry.

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.  Come join our team as we grow to become the world’s leading energy trader!

About the Trading & Shipping team

Trading & Shipping (T&S) is bp's face to the traded markets. T&S's role is to enhance group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control, compliance, risk analytics and management infrastructure.

The Commodity Risk Group is a key middle-office, risk, and financial controls function accountable for ensuring that trading and origination activities are conducted within a robust control framework. The Retail Commodity Risk Analyst will play a key role interfacing with trading, marketing & origination, scheduling, structuring, and support functions for the Retail Power bench. It requires balancing independence with a business enabling partnership. This position is accountable for delivering/overseeing market risk insight and analysis, P&L reporting, month end close process and providing analytics to support business insight, including working capital and cash while enforcing the T&S Operating Standards & Control Processes. The position reports to the Power Commodity Risk Manager.

What you will do

• Develop a deep understanding of bp retail power commercial businesses.
• Establish strong relationships with commercial and functional teams in Houston and regional offices.
• Deliver insightful reporting and analytics that enable business decision making and commercial growth of the portfolio. This is achieved through timely, rigorous, and accurate reporting and analytics of exposure, market risk, gross margin, cash and working capital
• Provide constructive challenges to trading activity to ensure it is compliant and aligned to intended strategy.
• Bring transparency to deal structures and explain financial impacts in operational terms to Commodity Risk Management team.
• Lead and manage IT and process improvement projects
• Develop understanding of modelling power load forecast and valuation models.
• Maintain and review MTM, exposure and P&L by deal, portfolio, and region.
• Drive opportunities for efficiencies in processes and controls, while ensuring rationalizing return on investment of processes and effort are in line with Commodity Risk Management expectations.
• Support month-end and quarter-end close process, in conjunction with the GPTA 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/simplification initiatives.

What we require

• Bachelor’s degree in finance, accounting, engineering, or other quantitative field.
• 5+ years of experience in a commodity trading or retail power environment.
• Strong analytical, quantitative, and data management skills.
• Reporting/analytics capability including proficiency in SQL & Excel.
• Team player and eager to learn and teach in partnership with other team members within the commodity team and across other trading benches.
• Able to grasp and communicate complex models and trading transactions in simple terms for non-technical audience, while highlighting the key economic effects.
• Strong interpersonal and communication skills (verbal and written).
• Attention to detail and ability to work within a very deadline orientated environment.

Desirable criteria

• Experience in Product Control/Middle Office/Market Risk.
• Experience with retail power operations, renewable energy credits and other costs related to retail power.
• Experience with reporting tools such as Power BI.
• Experience with Python or other coding languages
• Experience working with trading ETRM’s preferably OpenLink Endur
• Experience supporting retail physical power desks.
• Experience in Accounting, Back Office, Market Risk or Trading Analytics.

Why join us

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!

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodations.

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:

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.