BP Americas, Inc. Commodity Risk Analyst in Houston, Texas

Role synopsis:

The role of Commodity Risk Analyst is a key control position within the Integrated Supply & Trading (IST) Finance & Risk organization in the NAGP business unit. The analyst will interface with both domestic and international supply and trading personnel and leadership. The successful analyst will balance independence with a business enabling partnership. This position is accountable for ensuring a world class control environment and requires a deep understanding of the activities not only within Commodity Risk but also with global crude, products, and NGLs markets as a whole. This analyst will be part of a team delivering the core accountabilities of independent daily exposures, risks, working capital, and P&L analysis while enforcing the IST Operating Standards & Control Processes. This role will act as a center of expertise for option and derivative trading activities and will be accountable for providing deep business understanding and control through the delivery of value-added reporting and analysis.

Req ID: 76152BR

Segment: ST

Job Category: FINANCEF

Sub-category: FPC

Country: USTX

Job Location: TX- Houston

Key accountabilities:

  • Develop and leverage a deep understanding of NAGP NGL supply and trading business, exposures, strategies and market fundamentals.

  • Deliver timely, rigorous, and accurate reporting and analysis of exposures, risks, costs, gross margin, cash and working capital etc.

  • Provide constructive challenge to trading activity to ensure it is compliant and aligned to intended trading strategy.

  • Deliver reporting and analytics that provide insight into IST’s business activities in order to support business decision making and strengthen the control environment.

  • Oversee daily marking, upload, and maintenance of curves and volatilities.

  • Support month-end and quarter-end close process, in conjunction with the NGLs Finance Leadership, to generate timely and accurate team results for subsequent consolidation and reporting to the key leadership stakeholders.

  • Support regional and global process standardization initiatives.

  • Support ad hoc reporting requirements and/or special projects.

  • Continuously improve analytical capability, developing and deepening understanding of commodity portfolio and drivers within it.

  • Interface with functions across front, middle, and back office to understand and analyze trading activity impacts across the business.

  • Enhance functional interface through analytic support to create an informed and holistic decision-making process for BP. This includes developing 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, both internally and externally, while ensuring financial integrity for IST.

Essential Education: Bachelor’s Degree in Finance, Accounting, Financial Mathematics, Economics, Engineering, or other Quantitative field

Essential experience and job requirements:

  • Experience with valuation & analysis of physical and financial derivatives required.

  • Ability to work in a team oriented environment while working across various functions

  • and Strong interpersonal and communication skills

  • Able to grasp and communicate complex models and trading transactions in layman terms for non-technical audience while highlighting the key economic effects

  • Self-motivated with the intellectual ability and curiosity to read, interpret, and maintain current knowledge of relevant trading and market fundamentals

  • Advanced proficiency in MS Excel

  • Attention to detail (ability to work with detailed transactions and properly control, report and communicate trading activity)

  • Ability to perform in a deadline oriented environment

Desirable criteria and qualifications:

  • Experience of working Solar Right Angle (SRA)

  • Physical and financial options valuation experience

  • In-depth knowledge of global Crude and NGL/LPG trading markets

  • Experience supporting logistical operations including vessels/barges, truck, rail and pipelines.

  • Knowledge of modelling and valuation of storage and transportation assets

  • Experience in Accounting, Back Office, Market Risk or Trading Analytics

  • Master in Accountancy or Finance, MBA or other financial certification including CFA, ERP, CPA

  • Proficiency in SQL, VBA and /or Matlab, Python, or other coding language

Other Requirements: There are no additional requirements. Please respond with N/A below.

About BP:

Relocation available: No

Travel required: Yes - 10

Is this a part time position?: No

Application close date: 10/31/2016


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).

BP is an equal employment opportunity and affirmative action employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.

If you are a US-based applicant or you are applying to a position in the US and you are an individual with disability or a disabled veteran, and would like any type of assistance to apply or to access or to attend any recruitment or selection event, system or process, we would like to help you to ensure that your application process goes as smoothly as possible.

If you need assistance, information, or answers to your questions, feel free to contact us or have any of your representatives contact us at BP US Application Assistance: BPUSApplicationAssis@bp.com - Telephone: 281.366.1999

An equal opportunity employer/disability/vet.