Senior Analyst Commodity Risk - Power

BP • Houston, TX

266d • Remote

About The Position

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 Commodity Risk Analyst will play a key role working with trading, marketing & origination, scheduling, structuring, and support functions for the 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.

Requirements

• Bachelor's degree in finance or accounting, other degrees considered.
• 3 years of experience in a physical and financial commodity trading environment with a bias towards power preferred.
• Experience using Python to produce reports preferred.
• Experience with valuation & analysis of physical and financial derivatives required.
• Understanding of front to end transaction lifecycle, key operational and financial controls.
• Great teammate and eager to learn and teach.
• Able to grasp and communicate complex transactions in everyday terms.
• Self-motivated with the intellectual ability and curiosity to maintain current knowledge of relevant trading and market fundamentals.
• Ability to multi-task independently in a dynamic and changing business environment.
• Champion change through visible and active commitment to drive the change process.
• Advanced proficiency in MS Excel.
• Attention to detail.

Nice To Haves

• Experience in Product Control/Middle Office/Market Risk.
• Experience with reporting tools such as Power BI.
• Experience working with trading ETRM's including Epsilon and OpenLink Endur.
• Physical and financial options valuation experience.
• Experience supporting physical power desks.
• Knowledge of modelling and valuation of HRCO's, Revenue Puts and Load.
• Experience in Accounting, Back Office, Market Risk or Trading Analytics.
• Masters in accountancy or Finance, MBA or other financial certification including CFA, ERP, CPA.
• Solid knowledge and understanding of energy trading markets and instruments.

Responsibilities

• Develop strong understanding of bp power commercial businesses.
• Establish strong relationships with commercial and functional teams in Houston, New York, and regional offices.
• Deliver insightful reporting and analytics that enable business decision making and commercial growth of the portfolio.
• Provide constructive challenges to trading activity to ensure it is compliant and aligned to intended trading strategy.
• Bring transparency to deal structures and explain financial impacts in operational terms to Commodity Risk Management team.
• Maintain and review MTM, exposure and P&L by deal, portfolio, trader, region, and strategy.
• Drive opportunities for efficiency in processes and controls.
• Support month-end and quarter-end close process.
• Support regional and global process standardization/simplification initiatives.
• Support ad hoc reporting requirements and/or special projects.
• Continuously improve analytical capability.
• Develop tools and metrics to provide better insights into the business activities and key drivers of P&L and returns.
• Facilitate and oversee effective and consistent compliance and controls.

Benefits

• Great work-life balance.
• Tremendous learning and development opportunities.
• Life and health insurance.
• Medical care package.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Gasoline Stations and Fuel Dealers
• Education Level: Bachelor's degree