Commodity Risk Lead

Entity: FinanceJob Family Group: Finance GroupJob Description: 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 Budapest Team and advance your career as aCommodity Risk Lead In this role You will (be):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 systemsValidate 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.What You will need to be successful:Master or bachelor’s degree in Finance/Actuarial Science/Engineering/Economicsleast 5-10 years of finance, risk or other proven experience.proficient at identifying basic risk mitigation strategiesAble to analyze exposures and be a strategic member of our finance team.Be knowledgeable about the external environment in which the business operatesAble to analyze operational risk exposure and advise risk mitigation programs.Possessing programming skills and understanding energy trading markets and instruments would be highly beneficialAt bp, we provide the following environment & benefits to you:Different bonus opportunities based on performance, wide range of cafeteria elementsLife & health insurance, medical care packageHybrid working arrangement aligned with team arrangements and business needsOpportunity to build up long term career path and develop your skills with wide range of learning optionsCelebrate 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 rulesFamily friendly workplace e.g.: Extended parental leave, Mother-baby roomEmployees’ wellbeing programs e.g.: Employee Assistance Program, Company Recognition ProgramPossibility to join our social communities and networksChill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices e.g.: Play Zones, Office massage, Sport and music equipmentbp 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!At bp, we support our people to learn and grow in a diverse and ambitious environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life.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.Travel RequirementNo travel is expected with this roleRelocation Assistance:This role is not eligible for relocationRemote Type:This position is a hybrid of office/remote workingSkills:. Legal Disclaimer:We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, 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.