Head of Portfolio Management

-; Greater London; Hybrid; GBP 150,000 - 200,000; Full time

Job summary

A leading energy company in Greater London is seeking a Head of Portfolio Management to lead their Trading & Shipping Credit team. This role involves shaping the strategy for the global team, managing a portfolio, and collaborating with senior management on credit risks. The position requires significant experience in Credit Risk within commodities and strong leadership and communication skills. This role offers a hybrid working model and opportunities for professional growth.

Benefits

Flexible working options

Generous paid parental leave policy

Excellent retirement benefits

Qualifications

• Extensive Credit Risk experience with large or complex portfolios in commodities.
• Proven ability to manage multiple credits in a dynamic environment.
• Excellent verbal and written communication skills.

Responsibilities

• Shape and execute the vision for a globally consistent Portfolio Management team.
• Lead a team and manage one of the business segment portfolios.
• Collaborate with senior partners on portfolio level risk management.

Skills

Analytical Thinking

Commercial Acumen

Commodity Risk Management

Communication

Curiosity

Decision Making

Market Risk Management

Portfolio Analytics

Education

Degree in Business, Economics, Accounting, or other quantitative fields

Job description

Job Description:

Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner.

About the role:

As Head of Portfolio Management, you will be a senior leader within bp's Trading & Shipping Credit team, responsible for setting the strategy and vision for the global Portfolio Management team. You will directly manage 2 team members and oversee 4 indirect reports, including the Kuala Lumpur office. In addition to your leadership responsibilities, you will also take on the responsibility of managing one of the business segment portfolios including post-transaction ("Day 2"), ensuring adherence to risk appetite, monitoring risk trends, and collaborating with Credit Advisory and senior partners.

What you will deliver:

• Shape and execute the vision for a globally consistent Portfolio Management team
• Lead 2 direct reports across London and Houston and provide guidance to the Kuala Lumpur team
• Oversee Day 2 management of a specific business aligned Credit Portfolio, monitoring qualitative and quantitative risk triggers
• Ensure exposures and controls remain within Credit Risk appetite, addressing material excesses and overdue
• Collaborate with Credit Advisory to operationalize and monitor complex collateral structures.
• Analyse macroeconomic trends with the Global Credit Research Team, including Stress Test scenarios, and recommend/action risk appetite adjustments.
• Oversee collateral management controls ensuring we ae tracking any expiring security/facilities and working with our margining teams to resolve disputes.
• Understand Commercial Strategy and how this will impact Credit Risk in the portfolio through regular discussions with senior bench leads.
• Review and present Portfolio Level reviews to the Credit LT and Commercial Stakeholders on specific parts of the book to discuss and agree risk appetite.
• Act as the key interface to senior management on portfolio level risk including as part of the regular governance forums to ensure awareness and alignment.
• Involvement in broader Credit projects in support of the Head of Credit team strategy.

What you will need to be successful:

• Degree educated (Business, Economics, Accounting, other quantitative degrees) or demonstrating equivalent practical experience
• Extensive Credit Risk experience, ideally with large or complex portfolios in commodities (physical and financial)
• Proven ability to manage multiple credits in a dynamic environment, identifying triggers and responding to market changes
• Strong credit analysis skills, including financial statement assessment and business model evaluation
• Experience leading teams and influencing cross-functional partners
• Demonstrate curious mind-set for the macro environment and able to link external risk to the impact on the Portfolio
• Action orientated with proven examples of delivering solutions and actions to better position risk in the book.
• Excellent verbal and written communication skills, with experience engaging senior stakeholders.

Why join us?

At bp, we support our people to grow in a diverse and exciting environment. We believe that our team is strengthened by diversity.

There are many aspects of our employees' lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, excellent retirement benefits, among others!

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Reinvent your career as you help our business meet the challenges of the future. Apply now!

Travel Requirement

Up to 10% travel should be expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Analytical Thinking, Commercial Acumen, Commodity Risk Management, Communication, Creativity and Innovation, Curiosity, Data visualization and interpretation, Decision Making, Exposure Management, Group Problem Solving, Internal control and compliance, Market Knowledge, Market Risk Management, Operational Risk, Portfolio analytics, Resilience, Thought Leadership, Trade discipline and compliance, Trade execution and management, Trading and shipping data knowledge, Trading knowledge

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp's recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.