Integrated Supply & Trading is BP's face to the traded markets for BP in oil, gas, power, chemicals and finance. IST'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 and compliance infrastructure. IST has a dynamic and highly skilled workforce, which creates value by combining analysis and commercial innovation with the material asset base of BP.
The Commodity Risk (Product Control) Analyst is a key control position within the Commodity Risk (Product Control) and Integrated Supply & Trading Finance organization. This role is accountable for providing deep business understanding and control through the delivery of value-added reporting and analysis. This role holds the primary interface into the trading front office for a specific set of trading activity, balancing independence with a business enabling partnership. This position requires a deep understanding of the activities within Market Risk or Product Control Analytics in order to meet the team’s core accountability of delivering independent daily exposures, P&L reporting and analysis.
Responsible for providing independent, timely, globally aligned and accurate valuations of trading book position, exposure, performance data and analysis to facilitate trading execution, control of trading, management reporting, market risk management, credit risk management and compliance.
Validating integrity of management information provided to Financial Accounts for the Group Accounts and financial disclosures.
Independent understanding to identify/escalate and mitigate financial, operational & reputation risk related to trading book positions and exposures.
Supporting the remediation of working capital related issues. Forecasting, allocation and optimization of working capital for ensuring book remains within limits.
Provide support for entering/exiting new instruments/markets & growth/contraction of existing business via effective due diligence.
Operate in accordance with Operating Standards and Control Processes in relevant region.
Hold relationship with relevant Traders and Operational Leadership.
Bachelor’s Degree (any discipline), or equivalent experience.
Essential experience and job requirements
Experience in Oil Commodities Product Control within a trading environment, with a bias towards Oil Products preferably Gasoline
Strong knowledge and understanding of energy trading markets and instruments
Strong understanding of key controls used to mitigate risks
Strong analytical skills (the ability to grasp and communicate complex trading transactions into their economic effects)
Attention to detail and ability to work within a very deadline orientated environment
Ability to deploy a variety of communication styles according to the situation and communicate effectively with stakeholders and peers
Knowledge of the front to back Deal Life cycle, the role of Product Control through this cycle and the applications employed
Other Requirements (e.g. Travel, Location)
There are no additional requirements. Please respond with N/A below.
Desirable criteria & qualifications
Working towards or completed a formally recognized Accounting qualification (i.e. ACA, CPA)
Solid understanding of Market and Credit Risk functions
Is this a part time position?
Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.
Integrated Supply & Trading (IST) is BP's face to the traded markets for BP in oil, gas, power, chemicals and finance. IST'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 and compliance infrastructure. IST has a dynamic and highly skilled workforce, which creates value by combining analysis and commercial innovation with the material asset base of BP.
IST Finance operates in support of IST's strategic objectives, helping it to achieve its aim of being the world's pre-eminent energy trader, in a controlled and compliant way. IST Finance is an integral function within BP's global oil and gas trading and supply activities. It is accountable for short term planning and for all financial and middle office control and reporting activities. It also ensures consistency and monitors compliance in processes and Operating Standards. IST Finance operates around 3 Global processes: Accounting & Reporting, Trade Completion and Product Control and operates seamlessly with the Risk function to support the business.
IST fosters a diverse and inclusive workplace for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.
Integrated Supply & Trading