Commodity Risk Lead

bp is an international energy company, one of only a few that can deliver energy at global scale through a decades-long energy transition. Our purpose is to deliver energy to the world, today and tomorrow.

Please note that the team operates between 10:30 and 19:30 CET Time

• Responsible for the creation and delivery of high quality, insightful, value added, 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/escalate 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
• Validate deal level MTM, exposure and P&L.
• Actively engage with global teams, ensuring proper handoffs between regions.
• Support regional and global process standardization initiatives.
• Liaise with finance, risk, and front office teams to resolve any discrepancies on counterparty, pricing, volume and MTM intent.
• Ensure appropriate application of ST&S Commodity Risk Policy. In particular, they will have responsibility for the application of ST&S’s Market Risk, Commodity Risk and Delegation of Authority Policy.

• Master or bachelor’s degree in Finance/Actuarial Science/Engineering/Economics
• least 5-10 years of finance, risk or other proven experience.
• proficient at identifying basic risk mitigation strategies
• Able to analyze exposures and be a strategic member of our finance team.
• Be knowledgeable about the external environment in which the business operates
• Able to analyze operational risk exposure and advise risk mitigation programs.
• Possessing programming skills and understanding energy trading markets and instruments would be highly beneficial

• Different bonus opportunities based on performance, wide range of cafeteria elements
• Life & health insurance, medical care package
• Hybrid working arrangement aligned with team arrangements and business needs
• Opportunity to build up long term career path and develop your skills with wide range of learning options
• Celebrate in bp’s success. You may be eligible to join bp’s Global ShareMatch plan. This non-contractual benefit lets employees buy bp shares and receive matching shares, in line with plan rules
• Family friendly workplace e.g.: Extended parental leave, Mother-baby room
• Employees’ wellbeing programs e.g.: Employee Assistance Program, Company Recognition Program
• Possibility to join our social communities and networks
• Chill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices e.g.: Play Zones, Office massage, Sport and music equipment