# Commodity Risk Manager

**Company**: Bp
**Location**: Malaysia, Kuala Lumpur
**Work arrangement**: onsite
**Experience**: senior
**Job type**: full-time
**Category**: Finance
**Industry**: Energy

**Apply**: https://careers.bp.com/job-description/RQ109748?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/jobs/job_f30d8200-272

## Description

Commodity Risk is a key strategic control position within the bp's Supply Trading and Shipping (ST&S) organization. The role holder serves as the primary interface for trading and supply benches, while managing the daily activities that meet the team’s core responsibility of delivering independent daily exposure and P&L, and provides analytics to support business insight, including working capital and cash.

**Key Accountabilities**

- Responsible for the creation and delivery of high-quality, insightful, valuable, 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/raise 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

- Ensure accurate delivery of independent exchange-related activities, analysis of exchange trades with a lens of risks involved and accurate forecast of cash required for exchange trading

- Collaborate closely with finance, risk, and front office teams to resolve any discrepancies on counterparty, pricing, volume and MTM intent.

- Validate deal level MTM, exposure and P&L.

- Accurately validate, monitor, and manage ancillaries and related P&L daily including troubleshooting and resolving any related issues.

- 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, the person will have responsibility for the application of ST&S’s Market Risk, Commodity Risk and Delegation of Authority Policy.

- Support any ad hoc reporting requirements

- Lead a small team of analysts and provide day-to-day support and guidance

- Help drive process and operational transformation while maintaining a strong focus on control

## Skills

### Required
- Risk Management
- Trading Strategies
- Financial Analysis
- Market Data Integrity
- Exchange-Related Activities
- Collaboration
- Process Standardization
- Commodity Risk Policy
- Ad Hoc Reporting
- Team Leadership
- Operational Transformation

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Source: [Apply at careers.bp.com](https://careers.bp.com/job-description/RQ109748?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)