Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. With a workforce of 80,000 employees, BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.
Integrated Supply & Trading (IST) is BP's face to the traded markets for BP in oil, gas, power, chemicals and finance. IST's role is to enhance Group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control and compliance infrastructure. IST has a dynamic and highly skilled workforce, which creates value by combining analysis and commercial innovation with the material asset base of BP.
IST Finance operates in support of IST's strategic objectives, helping it to achieve its aim of being the world's pre-eminent energy trader, in a controlled and compliant way. IST Finance is an integral function within BP's global oil and gas trading and supply activities. It is accountable for short term planning and for all financial and middle office control and reporting activities. It also ensures consistency and monitors compliance in processes and Operating Standards. IST Finance operates around 3 Global processes: Accounting & Reporting, Trade Completion and Product Control and operates seamlessly with the Risk function to support the business.
IST fosters a diverse and inclusive workplace for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.
British Petroleum current job opening for position as:
Valuation Analyst
Req ID: 30423BR
Job category: Finance
Sub-category: Financial & Process Control
Countries (State/Region): United States - Illinois
Location: Chicago
Role synopsis The Global Oil Valuation team has two primary accountabilities: maintaining accurate prices and performing validation of curves for the Oil trading business. Reliable prices and curves data are a critical component to an efficient and effective trading environment enabling informed trading decisions, accurate calculation of exposure and P&L, straight-through processing of settlements, and measurement of risk.
The Valuation Analyst will be part of a global team working in conjunction with colleagues in Global Oil regional businesses as well as the front office and Product Control in fulfilling the Valuation team’s accountability.
Key accountability:
Integrated Supply & Trading (IST) is BP's face to the traded markets for BP in oil, gas, power, chemicals and finance. IST's role is to enhance Group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control and compliance infrastructure. IST has a dynamic and highly skilled workforce, which creates value by combining analysis and commercial innovation with the material asset base of BP.
IST Finance operates in support of IST's strategic objectives, helping it to achieve its aim of being the world's pre-eminent energy trader, in a controlled and compliant way. IST Finance is an integral function within BP's global oil and gas trading and supply activities. It is accountable for short term planning and for all financial and middle office control and reporting activities. It also ensures consistency and monitors compliance in processes and Operating Standards. IST Finance operates around 3 Global processes: Accounting & Reporting, Trade Completion and Product Control and operates seamlessly with the Risk function to support the business.
IST fosters a diverse and inclusive workplace for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.
British Petroleum current job opening for position as:
Req ID: 30423BR
Job category: Finance
Sub-category: Financial & Process Control
Countries (State/Region): United States - Illinois
Location: Chicago
Role synopsis The Global Oil Valuation team has two primary accountabilities: maintaining accurate prices and performing validation of curves for the Oil trading business. Reliable prices and curves data are a critical component to an efficient and effective trading environment enabling informed trading decisions, accurate calculation of exposure and P&L, straight-through processing of settlements, and measurement of risk.
The Valuation Analyst will be part of a global team working in conjunction with colleagues in Global Oil regional businesses as well as the front office and Product Control in fulfilling the Valuation team’s accountability.
Key accountability:
- Ensure adherence to all GEOD (Global End of Day) standards
- Perform bi-monthly Curve validation process and analysis
- Coordinate validation and metrics reporting across regions to ensure consistent delivery
- Whenever needed, partner with both Front and Middle Office to define new curves. Activities can include building, maintaining and/or validating forward curves for commodities that Global Oil transacts
- Collaborate with Risk on optimizing and standardizing the use of models for either P&L calculation or for validation
- Compile reportable deals and ensure they are delivered to respective reporting agencies. Follow up with Front Office and control managers on any discrepancies
- Interact with the brokerage and exchange community to enhance data breadth and integrity
- Support and complete business analysis on all IT related projects to ensure consistency and control
- Create and develop processes and procedures that enhance current Mark-to-Market (MTM) policy
- Provide clear and concise metrics reporting as needed
- Provide automation and support to analysts and management alike by creating standardized reporting and analytic
- Support TCT through the various releases as planned in their project phases
- Partner with IT to understand system interactions and functions to deliver time-sensitive MTM information
- Deliver relevant and consistent feedback to Risk team in support of MVAR and MTM policy
- Provide value-added support to the Front and Middle Office through data control and analysis
- Ensure that data flows are reliable and consistent and constantly seek to improve data sources for greater quality, availability and timeliness
- Review and strengthen where appropriate internal controls and processes
- University Degree with an analytical/financial concentration (advanced degrees provide an advantage)
- Microsoft Access database and advanced Microsoft Excel skills including VBA programming
- Other essential skills and knowledge 5 years Finance, Control experience (Valuation experience in commodity trading is a plus)
- Trading environment experience with an emphasis on Middle Office processes and the application of MTM valuation
- Knowledge of financial data, data providers and trading position valuation
- Demonstrated ability to engage diverse stakeholders and service providers
- Prior system knowledge not limited to but including Asset Control, Sungard ESS, Reuters, Business Objects
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