Lead Commodity Risk

1 week ago

Houston, United States bp Full time

Job summary

**Entity**:
Finance
**Job Family Group**:
Finance Group

About us

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’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. Together we continue to grow as the world’s leading energy trader

Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better - and how you can play your part in our world-class team?

Join our Trading and Shipping Team and advance your career as a Commodity Risk Lead.

**Role Synopsis**

Trading & Shipping (T&S) is bp's face to the traded markets. T&S's role is to enhance bp 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 NGL Commodity Risk Lead plays a key role interfacing with trading, marketing & origination, operations, structuring, and support functions for the Natural Gas Liquids (NGL) trading and marketing benches. It requires balancing independence with a business enabling partnership. This position is accountable for delivering daily exposure, P&L reporting, month end close process and providing analytics to support business insight, including VaR, stress testing, working capital forecasting and cash forecasting while enforcing the T&S Operating Standards & Control Processes. The position reports to the Senior Manager of Commodity Risk.

**Key Accountabilities**
- Develop a deep understanding of NGL commercial businesses.- Lead the NGL Commodity Risk team of two commodity risk analysts.- Establish strong relationships with commercial and functional teams in Houston, Chicago and Budapest.- 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, costs, gross margin, cash and working capital.- Facilitate and oversee effective and consistent compliance and controls, both internally and externally, while ensuring financial integrity for T&S. Facilitate discussions with both internal and external auditors.- Liaise with front office, settlements, and accounting to resolve any discrepancies on counterparty, pricing, volume and Mark to Market (MTM) value, accrual, and gross margin- Bringing transparency to deal structures and explain financial impacts in operational terms to Senior Manager of Commodity Risk and other members of the leadership team.- Maintain and review MTM, exposure and P&L by deal, portfolio, trader, region, and strategy- Lead due diligence discussions with Commercial and Finance leaders- Lead month end close process and support accounting in month end closings- Support regional and global process standardization initiatives- Support any ad hoc reporting requirements- Liaise with IT to lead and manage process improvement/simplification initiatives.**Essential Education and Experience**
- Bachelor’s Degree or equivalent experience in Finance, Accounting, Economics, or Quantitative field.- At least 10 years of experience in a physical and financial commodity trading environment with a bias towards NGLs, oil and/or oil products- Experience with complex structured physical and financial transactions-
- Team player and eager to learn and teach in partnership with other team members within the team and across other trading benches.- Able to grasp and communicate complex transactions for non-technical audience, while highlighting the key economic effects & associated operational and market risks.- 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 a global structure and under tight deadlines.- Champion change through visible and active commitment to drive the change process, while able to articulate the vision for change and engage with stakeholders to build alignment.- Strong interpersonal and communication skills (verbal and written).Desirable criteria and qualifications
- Solid knowledge and understanding of energy trading markets and instruments- Experience in Product Control/Middle Office- MBA or other financial certification including CFA, FRM, CPA.- IT skills (Energy Trading/Risk Management systems - Solarc Rig

  • Commodities Risk Analyst

    2 weeks ago

    Houston, United States OPTIMUS (TX) Full time

    Job Summary: A key client is seeking for a Commodities Risk Analyst to join our dynamic team. In this role, you will be responsible for analyzing and managing risk exposure across various commodities markets. Working closely with trading, operations, and finance teams, you will provide critical insights to support decision-making processes and ensure...

  • Commodity Risk Senior Analyst

    Found in: beBee jobs US - 2 weeks ago

    Houston, Texas, United States Kinder Morgan Full time

    Key contributor for the corporate risk management group, which oversees risk control and reporting for growing commodity marketing activities across the company.Responsibilities include supporting the implementation of an energy trading and risk management (ETRM) system, management and oversight of market data inputs, confirming and validating trade terms,...

  • Commodity Risk Senior Analyst

    Found in: beBee S US - 1 week ago

    Houston, United States Kinder Morgan Full time

    Key contributor for the corporate risk management group, which oversees risk control and reporting for growing commodity marketing activities across the company.Responsibilities include supporting the implementation of an energy trading and risk management (ETRM) system, management and oversight of market data inputs, confirming and validating trade terms,...

  • Commodity Scheduler

    22 hours ago

    Houston, United States Suncor Energy Inc Full time

    Joining Suncor means you will work for one of the best companies in Canada, providing tremendous future potential where talented people thrive and lead. As our business evolves, so do our employment opportunities. Our work culture includes a dynamic mix of professionals, with a diversity of skills and expertise. Are you an experienced scheduler and want to...

  • Commodity Scheduler

    20 hours ago

    Houston, United States Suncor Full time

    Joining Suncor means you will work for one of the best companies in Canada, providing tremendous future potential where talented people thrive and lead. As our business evolves, so do our employment opportunities. Our work culture includes a dynamic mix of professionals, with a diversity of skills and expertise.Are you an experienced scheduler and want to...

  • Sr. Crude

    2 weeks ago

    Houston, United States Selby Jennings Full time

    Selby Jennings is partnered with an elite Oil & Gas trading shop that is looking to make a key hire on their Risk team. This firm provides exceptional compensation, market-leading time off, and global exposure. If you have experience working supporting crude oil, refined products, natural gas, or power trading activities, this is a great role for...

  • Gas Trading Contracts

    Found in: Appcast US C2 - 2 weeks ago

    Houston, United States COMMODITY TALENT, LLC Full time

    The client, a global commodity trading firm, is searching for an experienced full-time Physical Natural Gas Contract Negotiator. Houston. Hybrid. Competitive compensation including bonus. 3+ years' experience. Candidates welcome from gas traders, O&G companies, funds, banks, consultancies. Good communication skills, attention to detail, work under...

  • Gas Trading Contracts

    Found in: Appcast Linkedin GBL C2 - 3 weeks ago

    Houston, United States COMMODITY TALENT, LLC Full time

    The client, a global commodity trading firm, is searching for an experienced full-time Physical Natural Gas Contract Negotiator. Houston. Hybrid. Competitive compensation including bonus. 3+ years' experience. Candidates welcome from gas traders, O&G companies, funds, banks, consultancies. Good communication skills, attention to detail, work under...

  • Power Trading Risk Manager

    Found in: Appcast Linkedin GBL C2 - 6 days ago

    Houston, United States Selby Jennings Full time

    Position Overview: Selby Jennings is partnered with a national renewable energy commodity shop to source talent for a Power Trading Risk Manager. The Power Trading Risk Manager will play a pivotal role in implementing a risk framework through quantitative analysis. This individual will ensure that new commercial strategies align with portfolio performance...

  • Power Trading Risk Manager

    5 days ago

    Houston, United States Selby Jennings Full time

    Position Overview: Selby Jennings is partnered with a national renewable energy commodity shop to source talent for a Power Trading Risk Manager. The Power Trading Risk Manager will play a pivotal role in implementing a risk framework through quantitative analysis. This individual will ensure that new commercial strategies align with portfolio performance...

  • Market Risk Manager

    1 week ago

    Houston, United States OPTIMUS (TX) Full time

    We are seeking an experienced and strategic-minded Risk Manager to lead the market and operational risk management initiatives for our Commercial Optimization Team (CO). In this role, you will mentor and provide training to team members, participate in risk mandate implementation, and play a key role in designing and implementing the group's risk management...

  • Senior Risk Analyst

    1 week ago

    Houston, United States OPTIMUS (TX) Full time

    A key Optimus client is looking for an experienced, self-starter to join their Risk Management Team. This Sr Analyst will oversee risk control and reporting for growing commodity marketing activities across the company. Responsibilities include: supporting the ETRM implementation (Allegro) managing market data inputs confirming/validating the trades...

  • Credit Risk Analyst

    Found in: beBee S US - 3 weeks ago

    Houston, United States NRG Energy, Inc. Full time

    Job Summary:  The successful candidate will be a seasoned professional having 5+ years of relevant experience in the energy industry. They will be proficient in financial statement analysis, possess an understanding of collateral instruments, and have knowledge of exposure measurement and management. Reporting duties require basic Excel skills though...

  • Senior Business Analyst

    Found in: Appcast Linkedin GBL C2 - 3 weeks ago

    Houston, United States Cititec Talent Full time

    A leading commodities firm is experiencing an exciting period of growth and investment in its trading and risk management solutions. Hence, they have several greenfield projects around their ETRM systems. They have an exciting opportunity for a Business Analyst with 3+ years of experience implementing and supporting commodities trading and risk management...

  • Senior Business Analyst

    2 weeks ago

    Houston, United States Cititec Talent Full time

    A leading commodities firm is experiencing an exciting period of growth and investment in its trading and risk management solutions. Hence, they have several greenfield projects around their ETRM systems. They have an exciting opportunity for a Business Analyst with 3+ years of experience implementing and supporting commodities trading and risk management...

  • Associate Software Engineer | Leading Renewables Firm

    Found in: Appcast Linkedin GBL C2 - 1 day ago

    Houston, United States Selby Jennings Full time

    This firm is an industry leader in the development, acquisition and operation of renewables and energy storage. With a 2.4 GW operating portfolio and a substantial development pipeline, they represent one of the nation’s largest non-utility portfolios of renewables and energy storage.The successful candidate is expected to design, develop and build Python...

  • Associate Software Engineer | Leading Renewables Firm

    2 days ago

    Houston, United States Selby Jennings Full time

    This firm is an industry leader in the development, acquisition and operation of renewables and energy storage. With a 2.4 GW operating portfolio and a substantial development pipeline, they represent one of the nation’s largest non-utility portfolios of renewables and energy storage.The successful candidate is expected to design, develop and build Python...

  • Associate Software Engineer | Leading Renewables Firm

    Found in: Appcast US C2 - 1 day ago

    Houston, United States Selby Jennings Full time

    This firm is an industry leader in the development, acquisition and operation of renewables and energy storage. With a 2.4 GW operating portfolio and a substantial development pipeline, they represent one of the nation’s largest non-utility portfolios of renewables and energy storage.The successful candidate is expected to design, develop and build Python...

  • Sr. Analyst

    2 weeks ago

    Houston, United States Aramco Services Company Full time

    Sr. Analyst - Market Risk (1096) Aramco Trading Americas Houston, TX - Full Time OVERVIEW The Senior Risk Analyst role is a key control position within the Market Risk Group, which resides in the Middle Office. This role is responsible for independent risk and financial controls and is accountable for ensuring that trading activities are conducted within a...

  • Sourcing Lead

    2 days ago

    Houston, United States The Friedkin Group Full time

    External Description: **LIVING OUR VALUES** All associates are guided by Our Values. Our Values are the unifying foundation of our companies. We strive to ensure that every decision we make and every action we take demonstrates Our Values. We believe that putting Our Values into practice creates lasting benefits for all our associates, shareholders, and the...