Role Synopsis / Job Profile Summary
Commodity Risk is a key strategic control function within bp's Supply, Trading & Shipping (ST&S) organization. As a Commodity Risk Manager, you will serve as the primary interface for trading and supply teams, overseeing daily activities that fulfil the team's core mandate: delivering independent daily exposure and P&L, ensuring data integrity, and providing robust analytical insights including working capital and cash analytics.
This role plays a critical part in safeguarding bp's risk framework, enabling commercial insight, and supporting strategic decision-making across global trading operations.
Key Accountabilities
- Deliver highquality, insightful, helpful, and automated management information to partners.
- Bring transparency to deal structures and articulate financial impacts in clear, operational terms.
- Independently understand trading strategies and identify, call out, and mitigate financial, operational, and reputational risk.
- Ensure timely validation and accurate representation of new business deals in relevant systems.
- Validate and analyze market prices and curves, resolving discrepancies with bench analysts promptly.
- Maintain market data integrity including price series, forward curves, pricing calendars, and expiry tables.
- Ensure accurate independent execution of exchangerelated activities, including risk analysis of exchange trades and forecasting of cash requirements.
- Work closely with finance, risk, and front-office teams to resolve discrepancies related to counterparty data, pricing, volume, and MTM intent.
- Validate deallevel MTM, exposure, and P&L.
- Accurately validate, monitor, and lead ancillaries and related P&L daily, troubleshooting and resolving issues as needed.
- Partner with global teams and ensure smooth handovers between regions.
- Support regional and global process standardization and continuous improvement initiatives.
- Ensure compliance with ST&S policies including Market Risk, Commodity Risk, and Delegation of Authority.
- Support ad hoc reporting and analysis requirements.
- Lead and develop a small team of analysts, providing daytoday guidance and coaching.
- Drive process and operational transformation while maintaining strong risk and control field.
Essential Education
- Bachelor's or Master's degree or equivalent experience in Finance, Actuarial Science, Engineering, Economics, or related fields.
Essential Experience & Job Requirements
- 815 years of experience in finance, risk, or related fields.
- Strong ability to identify risk mitigation strategies and support commercial decisionmaking.
- Confirmed experience analyzing exposures and contributing strategically within finance or risk teams.
- Deep understanding of the external market environment and its implications on business risk.
- Ability to assess and advise on operational risk exposure and mitigation.
- Programming skills and familiarity with energy trading markets and instruments are strong advantages.
Desirable Criteria
- Background in product control or risk management within commodity trading or derivative markets.
- Strong organizational and prioritization skills.
- Prior experience leading or mentoring a team.
- Ability to work calmly under pressure and adapt to agile ways of working.
- Excellent communication skills to build strong relationships with ST&S and Finance/BPT stakeholders.
Additional Information
This role includes both individual contributor responsibilities and peoplemanagement leadership.
At bp, we provide the following environment and benefits to you:
- A company culture where we respect our diverse and unified teams, where we are proud of our achievements and where fun and the demeanor of giving back to our environment are highly valued
- Possibility to join our social communities and networks
- Learning opportunities and other development opportunities to craft your career path
- Life and health insurance, medical care package
- And many other benefits.
We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform crucial job functions, and receive other benefits and privileges of employment.
