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Senior Manager Commodity Risk

Employer
BP
Location
Bensenville, Illinois, United States
Closing date
Dec 7, 2021

View more

Job Role
Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Job Profile Summary

About the role

The role of Senior Manager - Commodity Risk is a key leadership and control position within Trading and Shipping Finance & Risk. 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 Senior Manager Commodity Risk will play a key role interfacing with trading, marketing & origination, scheduling, structuring, and support functions for the Low Carbon Trading 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 Trading & Shipping Operating Standards & Control Processes. In this role, you will partners with the commercial teams to deliver the regional and global agendas whilst ensuring a strong control frame. You should look to drive operational efficiencies and simplification as part of on-going responsibilities. The position reports to the Head of Commodity Risk Delivery & Senior Manager of Low Carbon Trading. Trading & Shipping 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.
Job AdvertKey Accountabilities:
  • Identify, manage, oversee, mitigate, and advise regional commodity leadership on markets, operational and control opportunities and risks
  • Ability to learn new markets and support enormous growth within the low carbon commercial businesses globally
  • Ensure Group & Trading and Shipping policies, operating standards and control processes are complied with
  • Provide strategic leadership and disciplined regional execution of the global strategic and tactical agendas for Commodity Risk
  • Establish strong relationships with commercial and functional teams in Chicago
  • Actively manage regional organization including staff development and succession plans
  • Ensure the integrity of management information provided to Financial Accounts for internal and external financial reporting and disclosures
  • Provide accurate, independent, timely and consistent valuation of trading positions and exposures
  • Deliver quality management information for trading, monitoring of trading and reporting trading
  • Provide strategic insight to all business growth and origination activity. Build capability within the regional community to provide appropriate assurance to new activity
  • Support regional and global process standardization initiatives
  • Liaise with IT to lead and manage process improvement/simplification initiatives
  • Development of constructive and trusting working relationships, both internally and externally, to enable open and timely information flows and interventions - whether to address emerging opportunities, emerging risks, or other strategic matters.
  • Demonstrate commercial partnership and acumen developing strong relationships across the Front Office teams
  • Serve as influential member of leadership driving the delivery agenda and staff development

Essential Education:
  • Bachelor's degree or equivalent required - along with a strong business /analytical mindset
  • MBA, CFA, or similar advanced degree an asset

Essential Experience and Job Requirements:
  • Seasoned experience in a commodity trading business, with significant experience related to financial control and/or market risk management:
  • Advanced understanding and direct experience around physical and financial gas or oil trading activities and strategies. Direct low carbon experience is a plus, but not required.
  • Demonstrated strengths and experience coordinating and managing complex team agendas and processes from inception through to execution, including the ability to manage multiple/conflicting priorities and deliver under pressure
  • Excellent interpersonal skills and a comfort level in working effectively with people at all levels throughout the various functional and commercial areas of the organization
  • Proven track record in people management and ability to deliver effectively against BP's Leadership Expectations - by promoting and role-modelling BP's values and behaviors; building enduring organizational and people capabilities; energizing staff by setting clear direction and boundaries; and creating value by delivering against short and long-term commitments
  • Strong analytical and financial skills
  • A relentless commitment to excellence
* Prior knowledge of low carbon markets a plus but not required
EntityFinance
Job Family GroupSupply & Trading Group
Relocation availableNo
Travel requiredNo
Time TypeFull time
CountryUnited States of America
About BPFINANCE

Join us in a crucial time of transition. We are bringing all of our finance and procurement activities for the group into one place, enabling better work.

For you this means working with us on:

Compliance - efficiently delivering external reporting requirements to ensure we continue to meet our regulatory ‎obligations in all jurisdictions, supported by robust control environment across all three lines of ‎defence.‎

Stewardship - laying out a robust finance framework and providing ongoing management of the balance sheet and ‎portfolio execution, supported by effective advocacy to the market.‎

Performance - facilitating the effective allocation of capital, development of business plans and coordination of ‎business performance interventions to ensure a consistent delivery between strategic aspirations, ‎operational forecasts and delivered outcomes. Furthermore, you will be responsible for value creation through mergers and acquisition-led ‎deals, commercial negotiations and integration of business opportunities.‎

Transformation - driving digital transformation (centralising, digitising, optimising) across all elements of the finance entity to ‎achieve sector-leading cost-performance.‎
Legal disclaimerIf 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 833 478 7480 8am-5pm CST/CDT Monday-Friday.

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

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