Requirements: English
Company: BP Energy
Region: Budapest , Budapest
Entity:
Finance
Job Family Group:
Finance Group
Job Description:
As a leading global energy company, we provide heat, light and mobility to customers worldwide. Across the bp landscape, were home to a range of brands across many areas of our industry.Were investing in todays energy system and helping build out tomorrows.So while were still in oil and gas, over the next decade well become a different kind of energy company. Were decarbonizing and diversifying our business, fundamentally transforming what we do so we can reach net zero by 2050 or sooner. We also have a strong mission to help the whole world reach net zero too working across our industry to improve peoples lives.
It''s an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of Finance Business & Technology (FBT), youll be fully connected into the world of bp. Youll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the globe. And it starts with you. Theres a world of opportunities to build new skills, challenge yourself, and grow a long-term career at bp. And no matter where you work, your role will have meaning, purpose and impact. So if you want to be part of a caring, supportive environment where you can realize your full potential, were with you.
Join our Trading & Shipping team and advance your career as a
Product Control Lead/ Commodity Risk Lead
Working hours for this role: 10:30-19:00
Commodity Risk / product control is a key strategic control position within the Commodity Risk function and bp''s Trading and Shipping Finance. The role holder serves as the primary interface for trading and supply benches, while managing the daily activities that meet the teams core responsibility of delivering independent daily exposure and P&L, and provides analytics to support business insight, including working capital and cash.
In this role You will:
- Responsible for the creation and delivery of high quality, insightful, valuable, and automated management information.
- Responsible for bringing transparency to deal structures and explaining financial impacts in operational terms.
- Independent understanding of trading strategies to identify/raise and mitigate financial, operational & reputational risk related to new or existing activities.
- Ensure timely validation of new business to ensure that new business deals are accurately represented in the system.
- Validation and analysis of prices and curves and resolve any issue with bench analyst on a timely basis.
- Ensure market data integrity with reference to price series and forward curves, pricing calendars and expiry tables in the systems
- Ensure accurate delivery of independent exchange-related activities, analysis of exchange trades with a lens of risks involved and accurate forecast of cash required for exchange trading
- Collaborate closely with finance, risk and front office teams to resolve any discrepancies on counterparty, pricing, volume and MTM intent.
- Validate deal level MTM, exposure and P&L.
- Accurately validate, monitor, and manage ancillaries costs and related P&L daily including troubleshooting and resolving any related issues.
- Actively engage with global teams, ensuring proper handoffs between regions.
- Support regional and global process standardization initiatives.