Commodity Risk/Product Control Lead – Retail Power

BP

  • Houston, TX
  • Permanent
  • Full-time
  • 28 days ago
Entity: FinanceJob Family Group: Finance GroupJob 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 teamTrading & 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 complex power activities and valuation models utilized for risk reporting.
  • Maintain and review MTM, exposure and P&L by deal, portfolio, trader, region, and strategy.
  • 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 physical and financial trading environment, particularly in power.
  • Understanding of retail power operations and renewable energy credits.
  • Strong analytical, quantitative, and data management skills.
  • Reporting/analytics capability including proficiency in Excel/VBA.
  • Modeling experience for deal valuation and risk analytics.
  • 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.
  • 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 the global structure and under tight deadlines.
  • 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 reporting tools such as Power BI.
  • Experience with Python or other coding languages
  • Experience working with trading ETRM’s including Epsilon and OpenLink Endur
  • Experience supporting retail physical power desks.
  • Experience in Accounting, Back Office, Market Risk or Trading Analytics.
Why join usAt 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 roleRelocation Assistance: This role is not eligible for relocationRemote Type: This position is a hybrid of office/remote workingSkills: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 .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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