Market Risk Manager

BP Plc.
London, United Kingdom
08 Nov 2018
27 Nov 2018
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

Key Accountabilities:

Accountable to the GOE Head of Commodity Risk, in this position, your role will be to ensure that IST Finance & Risk global and regional solutions are fully used to support GSP strategy and operations, and that financial metrics are fit-for-purpose:
•Design and support implementation and monitoring of functional and business objectives including: embedding commodity risk policy, process and systems into the GSP business; compliance with IST A&A operating standard; cash/working capital and financial return metrics are clearly understood, monitored and raised appropriately; derivative assets are accounted for and fit into IST cash/working capital structure; support design of controls and monitoring for GSP
•Provide assurance that adequate controls are in place across the global business, which includes: design and implementation of the monitoring and control of cross commodity and cross region opportunities; lead continuous improvement opportunities and global standardisation efforts; seek opportunities to improve operational rigour and control processes from front to back office
•Understands and delivers appropriate monitoring activities in support of regulatory requirements
•Assist the IST CRO to drive the global Market Risk agenda across IST
•Assist the head of M&O in GOE in understand the risk associated with new activity (MVaR, NPVar, etc)
•Support coordination and execution of the annual budget planning process using market commentary and numerical analysis, with each of the Regional Structured Products Leads to oversee global picture for discussion and review
•Drive analytics metrics, aligning with IT&S to ensure development of metrics and support models to enable short/medium and long term strategic goals

Essential education:

Educated to a degree level or equivalent

Essential experience:

•Understanding of derivatives and structured products together with associated cash flows, risk profiles and strategic drivers
•Understanding of market risk concepts and their translation into successful systems outcomes
•Project management and the ability to work with multiple partners across commercial and functional leadership
•Leadership and influencing skills across global teams
•Deep expertise in risk analytics - to help support and educate GOE Finance and Risk teams

Desirable criteria and qualifications:

•Deep understanding of Credit and Operational Risk
•Some experience of New Activity Integration and Project Management

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