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    Senior Analyst Commodity Risk - Crestwood, United States - BP Energy

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    Description

    Entity:

    Finance


    Job Family Group:

    Finance Group


    Job Description:

    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 Commodity Risk Analyst will play a key role working with trading, marketing & origination, scheduling, structuring, and support functions for the 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.

    Key accountabilities

    • Develop strong understanding of bp power commercial businesses.
    • Establish strong relationships with commercial and functional teams in Houston, New York, 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 trading strategy.
    • Bring transparency to deal structures and explain financial impacts in operational terms to Commodity Risk Management team
    • Maintain and review MTM, exposure and P&L by deal, portfolio, trader, region, and strategy.
    • Drive opportunities for efficiency 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 collaborators.
    • Support regional and global process standardization/simplification 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.
    • Develop 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 T&S.

    Essential Education and Experience

    • Bachelor's degree in finance or accounting, other degrees considered.
    • 3 years of experience in a physical and financial commodity trading environment with a bias towards power preferred.
    • Experience using Python to produce reports preferred.
    • Experience with valuation & analysis of physical and financial derivatives required.
    • Understanding of front to end transaction lifecycle, key operational and financial controls, applications employed and ability to assess change impact across functions.
    • Great teammate and eager to learn and teach in partnership with other team members within the team and across other trading benches.
    • Able to grasp and communicate complex transactions in everyday terms for non-technical audience, while highlighting the key economic effects & associated operational and market risks.
    • Self-motivated with the intellectual ability and curiosity to read, interpret, and maintain current knowledge of relevant trading and market fundamentals.
    • Ability to multi-task independently in a dynamic and changing business environment, within a global structure and under tight deadlines.
    • Champion change through visible and active commitment to drive the change process, while able to articulate the vision for change and engage with partners to build alignment.
    • Advanced proficiency in MS Excel.
    • Attention to detail (ability to work with detailed transactions and properly control, report, and communicate trading activity).
    • Strong interpersonal and communication skills (verbal and written).

    Desirable criteria

    • Experience in Product Control/Middle Office/Market Risk.
    • Experience with reporting tools such as Power BI.
    • Experience working with trading ETRM's including Epsilon and OpenLink Endur.
    • Physical and financial options valuation experience.
    • Experience supporting physical power desks.
    • Knowledge of modelling and valuation of HRCO's, Revenue Puts and Load.
    • Experience in Accounting, Back Office, Market Risk or Trading Analytics.
    • Masters in accountancy or Finance, MBA or other financial certification including CFA, ERP, CPA.
    • Solid knowledge and understanding of energy trading markets and instruments.

    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 accommodation.


    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 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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