Senior Manager Commodity Risk (Product Control) - LNG

-; Greater London; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading energy company in the UK seeks an experienced professional for a role in Commodity Risk within the LNG sector. The position involves ownership of trading and risk controls, implementing strategic improvements, and leading the Commodity Risk team. Ideal candidates will possess a degree in Finance or related fields, and experience in trading environments. The role is hybrid, offering competitive pay and benefits, and no significant travel is required.

Benefits

Competitive pay

Bonuses

Flexible benefits

Healthcare

Retirement plans

Paid time off

Qualifications

• Business experience in market risk and/or trade control within a trading environment.
• Strong discipline, attention to detail and ability to work within deadlines.
• Proven track record of operational improvement and innovation.
• Strong understanding of risks concepts and complex derivative instruments.

Responsibilities

• Ownership of key trading, risk and accounting controls for the LNG business.
• Steer and set strategy to drive improvements, automation, and process efficiencies.
• Lead financial and activity assurances and implementations.

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

Education

University degree in Finance, Accounting or Maths

Professional qualification in risk management (FRM, ERP, or PRM)

Recognized accounting qualification (ACA, CPA, etc.)

Tools

Openlink Endur

Job description

Job Description

Supply, Trading & Shipping (ST&S) is bp's face to the traded markets for bp in oil, gas, power, chemicals and finance. ST&S's role is to improve bp value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control and compliance infrastructure. ST&S has a multifaceted and highly skilled workforce, which builds value by combining analysis and commercial innovation with the material asset base of bp.

Commodity Risk in ST&S is a key middle-office, financial controls function, accountable for ensuring that trading activities are conducted within a robust control framework. As a segment of ST&S Finance & Risk, the Commodity Risk organisation operates in support of ST&S's strategic objectives, helping it to achieve its aim of being the world's pre-eminent energy trader, in a controlled and compliant way. It is accountable for short term planning and for all middle office control and reporting activities. It also ensures consistency and monitors compliance in ST&S Policies and Procedures. Commodity Risk operates seamlessly with teams in the Finance & Risk function to support the business, namely Market Risk, Credit and Commercial Development.

Role accountabilities

• Ownership of key trading, risk and accounting controls for the LNG business.
• Steer and set strategy to drive continuous improvements, automation, global process standardisation and efficiencies in processes and controls
• Lead financial and new activity assurances and implementations
• Lead Commodity Risk's execution of ST&S policy/procedures, financial reporting requirements, involving tax, regulatory and financial disclosures
• Lead independent challenge to business activity whilst maintaining good working partnerships with the commercial teams.
• Provide leadership and development for the broader LNG Commodity Risk team.

Role Requirements

• A university degree in a relevant discipline, ideally Finance, Accounting or Maths.
• Business experience in market risk and/or trade control within a trading environment
• Strong discipline, attention to detail and ability to work within a very deadline orientated environment
• Proven track record of operational improvement and innovation
• Knowledge and understanding of energy trading markets and instruments and associated derivatives
• Strong understanding of risks concepts (e.g. MVaR, Stress Testing, etc.) and complex derivative instruments such as options
• Understanding of Global Gas and LNG market drivers.
• Understanding of physical assets (e.g. storage capacity, pipelines/interconnects, etc.)
• Strong analytical skills (the ability to grasp and communicate complex trading transactions into their economic effects)
• Ability to deploy a variety of communication styles according to the situation and communicate effectively at all levels.

Other desirable qualifications and experience

• A professional qualification in risk management (i.e. FRM, ERP, or PRM), financial analysis (i.e. CFA)
• A formally recognised accounting qualification (ACA, CPA, etc.)
• Understanding of ETRM infrastructures and Market and Credit Risk
• Experience working in Openlink Endur

Why Join Us?

We're committed to supporting leaders who want to make an impact. At bp, you'll have the chance to shape and influence outcomes across businesses. You'll be part of an inclusive environment where diverse perspectives are valued, and where your contribution to performance and integration matters.

We invest in the growth and wellbeing of our people, providing the resources, networks, and development opportunities needed to thrive. Our total rewards package includes competitive pay, bonuses, share options, and a range of flexible benefits designed to meet your needs - from healthcare and retirement plans to paid time off and agile working. We recognise that people have multifaceted lives, and we strive to offer a career experience that reflects that.

Apply now!

Travel Requirement

Negligible 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.