BP Treasury Trading was established in 1985 to meet BP’s financial market requirements and to enhance group profits through proprietary trading. Its primary role is to service Treasury activities and the corporation more generally. BP is one of only a few corporations that maintain a foreign
exchange and money market dealing room as a profit centre, able to add value to the corporation through better pricing whilst providing an information service to the group. The Treasury Trading team adds value to the corporation through:
Better pricing from the banking community
Worry-free handling of FX and interest rate exposures for the Business Units
Providing advice on financial markets to the corporation
Additional income generated for BP
Rigorous control procedures
Principal commercial activities include the management and transacting of internal FX transactions (spot and forward), hedging activity, providing advice to BP affiliate.
Treasury Trading has three trading units around the world – London, Singapore & Chicago. This enables us to offer the Group 24 hour coverage, five days a week. Treasury Trading is looking to recruit a London Head of Trading for Foreign Exchange, reporting to the Global Head of Treasury Trading, to be accountable for all trading related aspects of the London FX team.
As a member of Treasury Trading Leadership team based in London the successful candidate will oversee and lead on a range of activities including:
Lead a team of circa 4 traders in London and work with heads of trading in Chicago and Singapore, to develop commercial strategies to manage BP group asset exposures in financial markets to maximise/protect value for the corporation.
Accountable for the proprietary trading strategy for the London Treasury Trading team.
Be a leader on control and compliance ethic setting an excellent example for the team on how to conduct business internally and externally. Act as Trading Single Point of Accountability for the Trading team to ensure compliance with BP’s code of conduct, trading guidelines, and control policies at all times.
Develop and implement new and existing trading strategies in order to deliver growth in the trading contribution of the book
Provide expertise to internal BP affiliates on how best to manage financial market exposures within existing or proposed commercial arrangements
Further develop relationships with existing and new market contacts and BP group businesses to create additional value
Leading on the development of the culture in the team and conduct themselves at all times in line with BP’s core values of Safety, Respect, Excellence, Courage and One Team.
Mentor and develop junior talent
As a member of the Treasury Trading leadership team contribute positively to the development of Treasury Trading organisation.
Essential experience and job requirements
A proven leader of inclusive trading teams within financial markets
Reputation for providing excellent service either internally and/or externally
Track record of generating proprietary trading income in FX Spot, FX Forwards and FX Options, in a variety of market conditions
A track record of setting an exemplary tone on control and compliance with a strong awareness of the regulatory environment in financial markets
Experience of mentoring and develop talent
Ability to work with a variety of different cultures and stakeholders
Other Requirements (e.g. Travel, Location)
Desirable criteria & qualifications
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 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