Principal - Structured Credit - Houston, United States - bp

Verified Company

Houston, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Job summary

Entity:

Finance

Job Family Group:

Finance Group

About bp
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'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.

Together we continue to grow as the world's leading energy company

Role Synopsis:

Key Accountabilities:

Key accountabilities will include, but not be limited to:

Advise on credit structuring for large or long-term complex transactions and financing facilities and credit policies and frameworks working alongside Front Office, Structured Trade Finance, Legal, and other functions
Understand the use of contractual terms, letters of credit, guarantees, lien structures and similar protections to unlock value and deliver positive commercial outcomes
Collaborate with Structured & Trade Finance to externalize credit risk
Lead credit risk management and recovery efforts for stressed and distressed counterparties
Foster crossfunctional awareness of key credit drivers and protections, ensuring clear decisionmaking around credit decisions including via T&S governance forums
Work with Origination and Legal to develop and negotiate key creditrelated clauses
Monitor compliance with credit limits and terms, maintaining related data within T&S's systems and raising any issues or concerns
Champion proactive risk management and portfoliolevel exposure controls
Master the key drivers of credit exposure within a trading relationship, including vulnerabilities of each counterparty's liquidity, capital structure, and competitive position
Working proactively to facilitate commercial growth with awareness of associated risks and control accountabilities
Develop constructive relationships that enable the timely flow of information and interventions
Lead team members in organization and execution of the above
Work with team members to foster their professional development and dedication to providing support and resources, ongoing priorities, and providing constructive feedback

Essential Education:

Bachelor's Degree or equivalent required

Essential Experience and Job Requirements:

Demonstrated comfort and ability exercising critical thinking and independent judgment when advising on complex transactions, distressed credits, or when revisiting legacy credit risk management approaches amidst changing internal or external conditions
A passion for the role and a relentless dedication to excellence, and outstanding attention to detail and rigorous and timely followthrough on all role accountabilities, technical and peoplerelated
Ability to deliver effectively against bp's leadership expectations by promoting and rolemodeling positive values and behaviors, developing talent, energizing staff and delivering against near and longterm objectives
Excellent interpersonal and leadership skills, able to engage effectively as part of the team, absorbing new areas quickly and comfortable working autonomously, sometimes under fastpaced work environment
Strong analytical and financial skills, including fluency with models and financial derivatives or similar variable exposures common to trading businesses
Excellent interpersonal and leadership skills and comfort working with both senior and junior stakeholders across the various functional areas of the organization
Fluency with Legal principles and contractual terms relevant to complex transactions and critical to safeguarding bp's interests and recovery in same
An innovative attitude that embraces the opportunity to add value by devising new approaches or solutions to achieve commercial outcomes without sacrificing prudent risk control
Deep experience with secured and unsecured producer underwriting and risk management related to hedging, financing or both

Desirable Experience:

10 or more years of credit experience in a financial institution, trading business or similar
Experience with distressed or workout credits

Why bp?
At bp, we support our people to learn and grow in a diverse and ambitious 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

bp operates in a hybrid model working 60% from the office and 40% from home.

Travel Requirement
Negligible travel should be expected with this role
**Relocati