Senior Market Risk Analyst

3 weeks ago

HorndonontheHill, United Kingdom BP Full time

**Job Profile Summary**

Grade H Responsible for supporting leaders through delivery of value-added analysis, research and reporting to provide business understanding and control, including provision of market risk models and analytics and ensuring regulatory compliance in order tosupport the team's core accountability of delivering independent daily exposures, profit and loss (P&L) reporting and analysis of trading activities.
**Job Advert**

Job Title: Senior Market Risk Analyst
Location: London Canary Wharf 3 days/ home working 2 days
In T&S (Trading & Shipping), our purpose is to power and navigate a constantly evolving world. We’re always striving for more innovative digital solutions, sustainable outcomes, and closer teamwork across our company and beyond.
This role sits within the Gas and Power Trading International (GPTI) Commodity Risk team and is accountable for providing deep business understanding on risk measurement and control. This highly analytical role holds the primary interface into the trading teamand requires balancing independence with a business enabling partnership.
Key accountabilities:

- Reporting daily MVaR, exposures, and stress testing with an ability to explain the key underlying drivers of them in a way both front office and upper management can understand.
- Actively work with Front Office in understanding the trading strategies underpinning the risk that are being measured.
- Deliver timely, meticulous, and accurate reporting and analytics that provide insight into risks of GPTI business activities to support business decision making and strengthen the control environment.
- Provide constructive challenge and independent insights to trading activity to ensure it is compliant and aligned to intended trading strategy.
Essential education:
Professional qualification in financial analysis (e.g. CFA), risk management, business or operations research is also desirable.
Essential experience and job requirements:

- Strong analytical skills including the ability to understand and communicate sophisticated transactions with embedded optionality as well as the ability to assess the market risk impact of those transactions on an existing portfolio.
- Ability to perform under time pressure and work to rigid deadlines.
- Strong numeracy and advanced Excel or Python skills ability.
- Good problem-solving skills with the ability to understand complex energy supply chains and reflect them in a model.
- Familiarity with the basic principles of market risk measurement and control.
- Understanding the alternative methods available to calculate value-at-risk, define appropriate risk factors, account for non-linear instruments, etc.
- Familiarity with the practical difficulties/limitations of MVaR and other risk measures (volumetric limits, Greeks, etc) either through working in the middle office or a front office role.
- Sound understanding of the need for a robust risk management framework in a trading environment.
- Good understanding of the fundamentals of energy trading, including familiarity with derivatives and other trading instruments.
- Wide knowledge and good understanding of energy trading markets, specifically LNG.
Why join our team?
We support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to crafting an inclusive environment in which everyone is respected and treated fairly.
**Entity**

Finance
**Job Family Group**

Finance Group
**Relocation available**

No
**Travel required**

Negotiable
**Time Type**

Full time
**Country**

United Kingdom
**About BP**

**TRADING & SHIPPING**
Our purpose is to bring together people, energy and markets to power and navigate a changing world.
In a time of constant change and possibility we need new talent to pursue commercial opportunities, fuelled by world-class insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration acrossour company and beyond, and you could be part of that too. Together we continue to grow as the world’s leading energy trader.
Join us and help us achieve these goals by:

- developing and continuously evolving a globally diversified portfolio that accesses new markets, commodities and commercial opportunities
- collaborating with our business groups to provide innovative commercial and marine solutions that add value to bp’s assets and flows
- delivering high-quality earnings and creating an organisation that is swift to identify and optimise market insights
- navigating a new era of energy for our planet, by sea
- acting with respect and integrity at all times, with the people we work with and the markets we operate in
- maintaining a comprehensive, rigorous and holistic risk control framework that ensures we operate in a safe, compliant and efficient way at all times
- empowering the deep expertise and leadership of our people
**Legal disclaimer

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