Group Treasury Trade Operations Manager

As a leading global energy company, we provide heat, light and mobility to customers worldwide. Across the bp landscape, we’re home to a range of brands across many areas of our industry.  We’re investing in today’s energy system and helping build out tomorrow’s. So while we’re still in oil and gas, over the next decade we’ll become a different kind of energy company. We’re 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 people’s 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), you’ll be fully connected into the world of bp. You’ll 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. There’s 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, we’re with you.

Join our Team and advance your career as an

Group Treasury Trade Operations Manager

Within FBT, the Group Treasury Operations and Liquidity Management team is leading a change in the way bp views, manages cash, and optimises short term / mid-term cash and long-term financing by leading liquidity processes and supporting Treasury leadership’s decision-making process.

The Treasury Trade Operations Manager is a direct contributor to bp’s group treasury & liquidity operations objectives, driving process discipline by ensuring efficient and effective execution of back-office activities such as deal confirmations of treasury trades entered by the Financial Market Trading teams (FMT) who trade an average of $8bn of treasury flows a day.

This role has complete oversight of the end-to-end treasury trade confirmations process prior to the cash being released/ received by the treasury settlements team.

This role is accountable for managing the timely completion of treasury trades confirmations across all financial products being traded by the FMT teams on the FX and money markets. 

The Treasury Trade Operations Manager will manage, retain and develop a team of treasury confirmations analysts.

The role will internally be facing our front office and middle office teams and externally facing our trading counterparties' banks as well as trading platform service providers. The role will lead on projects both process and systems oriented, driving solutions, strengthening the core controls framework across the treasury front/ middle and back-office teams and ensuring there is operational robustness in response to all the changes in people, process and systems which are currently ongoing.

• Managing the end-to-end Treasury Trade Operations activities while ensuring adherence to market obligations, to policies and procedures to deliver safe and compliant execution of treasury trades, operational excellence, and compliance to financial markets and internal bp requirements.
• Manage confirmation, settlement, and reconciliation of treasury transactions (FX, Money Markets, futures, swaps, bonds, etc.). Ensure timely resolution of trade discrepancies with trading counterparties and front office teams and resolve settlement failures.
• Manage Collaterals Service Agreements margins calculations and confirmations
• Perform trade operations KPI review and incident management reporting and resolution with senior Treasury and FMT management teams
• Implement new trading counterparties onboarding into bp treasury back-office processes
• Lead testing plan where new activities implementation / products / new trading counterparties are onboarded
• Keep up to date with financial markets regulatory changes and take lead in implementing change within bp trade operations process.
• Lead the performance management, recruitment and development of a team of treasury trade operations analysts
• Actively participate in Group Treasury Digital Strategy and other treasury & banking activities across the globe.
• Lead and influence the strategic delivery of Group Treasury Operations whilst serving all treasury trading benches and optimizing FBT locations and capabilities.
• Prepare and present proposals on the direction recommended to achieve short-term objectives of the team 
• Redesign or develop new processes in order to achieve process improvement.

• Bachelor’s Degree (preferably in Finance, Economics, Engineering, Data Science, or another quantitative background) or equivalent experience may be considered
• Strong experience in Corporate Treasury functions with treasury trading
• Strong experience of financial instruments used by corporate treasury functions  (e.g. Swaps, Forwards, Commercial paper etc.)
• Experience of WallStreet FX as a Treasury Management System.
• Understanding of in-house banking model and in-house cash pooling models.
• Experience in operational process improvement
• Experience working with Technology to develop data analytics and automation solutions.
• Must have knowledge about wide range business operations and connections of Treasury Operation related IT systems.
• Strong English language knowledge; other European languages may be an advantage

• Different bonus opportunities based on performance, wide range of cafeteria elements
• Life & health insurance, medical care package
• Flexible working schedule: home office up to 2 days / week, based on team agreement
• Opportunity to build up long term career path and develop your skills with wide range of learning options
• 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

bp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC's annual employer research. Come and join us!

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.