Commodity Risk Lead

BPChicago, IL2M ago

Role synopsis:

The Commodity Risk Lead is a key control position within the Commodity Risk function and Integrated Supply & Trading Finance organization. This role will support the planning, directing and prioritizing of the Commodity Risk people capability agenda. The CR Lead will work together with Senior Leadership to identify customized solutions and maintain current programs to support silent running, operational control and enable the strategic direction of the business. This position requires a deep understanding of the activities within risk and control in order to meet the team’s core accountability of delivering independent daily exposures, P&L reporting and analysis

Key accountabilities:

  • Ensure compliance with and monitoring of appropriate Group/IST policies, operating standards and control processes. Identify and manage/mitigate operational and control risks. Contribute to the development/change of policies standards and control processes, as appropriate.
  • Manage the direction and priorities communicated down from various levels of management across regions and CR Delivery and Analytic Networks.
  • Partner with key stakeholders to ensure sufficient bench strength to support a best in class control environment.
  • Direct line leadership responsibilities
  • Partner with IT&S to progress the Commodity Risk system agenda

Essential Education:

Bachelors Degree or equivalent experience

Essential experience and job requirements:

  • Business experience in financial accounting and/or control within a trading environment.
  • Good 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
  • Demonstrated leadership attributes and a desire to lead and develop people
  • Knowledge of the front to back Deal Life cycle, the role of Commodity Risk 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:

  • Formally recognized Accounting qualification (ACA, CPA etc)
  • MBA, FRM or CFA Solid understanding of Market and Credit Risk functions
  • Some experience of New Activity Integration and Project Management
  • Ability to facilitate and lead training for a number of Commodity Risk discipline

About BP:

We are a global energy business involved in every aspect of the energy system. We have 75,000 employees in 80 countries, working towards delivering light, heat and mobility to millions of people, every day. We are one of the very few companies equipped to solve some of the big complex challenges that matter for the future. We have a real contribution to make to the world's ambition of a low carbon future. Join us, and be part of what we can accomplish together.


BP’s supply and trading finance & risk function partners with the business to help it efficiently and effectively achieve its goals in a professional, agile and innovative, as well as controlled and compliant way. The function is accountable for short term planning, functional assurance of new business proposals, risk analysis of new or existing business strategies, as well as financial and performance reporting.

Disclaimer

If you are selected for a position in the United States, your employment will be contingent upon submission to and successful completion of a post-offer/pre-placement drug test (and alcohol screening/medical examination if required by the role) as well as pre-placement verification of the information and qualifications provided during the selection process. The drug screen requires a hair test for which BP must be able to obtain a sufficient hair sample for analysis (~4 cm/1 ½” scalp, or > 2 cm/¾” body – arms & armpits/legs/chest)

As part of our dedication to the diversity of our workforce, BP is committed to Equal Employment Opportunity. Applicants will receive consideration for employment without regard for race, color, gender, religion, national origin, disability, veteran status, military status, age, marital status, sexual orientation, gender identity, genetic information or any other protected group status. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may contact us or have one of your representatives contact us at BPUSApplicationAssis@bp.com or by telephone at 281.366.1999.

Read the Equal Employment Opportunity is the Law poster and the poster supplement - for more information about Equal Employment Opportunities. (Spanish version)

BP is an equal employment opportunity and affirmative action employer. View our policy statement.

Eligibility Requirements

If you are applying for a position in the United States, you must be at least 18 years of age, legally authorized to work in the United States; and not require sponsorship for employment visa status (e.g., TN, H1B status), now or in the future.