Own and drive modernization of MVaR and Stress processes
Improvement and development of market risk measurement models and methodologies
Daily Exposures: analyze, explain, and issue daily exposures with granularity appropriate for all stakeholders. Monitor these exposures against established limits
Daily MVaR & Stress Tests: Provide explanation of why these numbers have changed, and interact with Front-Office in understanding the trading strategies underpinning the risk that is being measured
Deliver timely, rigorous, and accurate reporting and analytics that provide insight into risks of IST's business activities to support business decision making and strengthen the control environment.
Monthly calculation on NPVaR and quarterly calculation of NOI: Execution of model, explanation of drivers, and interacting with Front-Office in understanding the trading strategies underpinning the risk that is being measured
Provide market risk input required as part of the process through which new activities and projects considered by the Front Office are being evaluated and approved by IG
Provide constructive challenge to trading activity to ensure it is compliant and aligned to intended trading strategy.
Work daily with Finance Analytics to enable adequate risk discipline and control prevails in IG
Interpret IST's MTM and market risk policies and ensuring their applications in IG.
Essential Education :
A University degree or equivalent in a relevant discipline
Essential experience and job requirements :
Good knowledge of basic principles of market risk measurement and control, you will have an understanding of 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
A sound understanding of the need for a robust risk management framework in a trading environment, you will know how risk limits should be set and controlled in order to ensure that the organization only takes the risks it is comfortable with
A deep understanding of the fundamentals of energy trading, including extensive familiarity with derivatives and other trading instruments.
Wide knowledge and deep understanding of energy trading markets (European gas, power and LNG) and various instruments
Ability to deploy a variety of communication styles according to the situation and communicate effectively with stakeholders and peers
Attention to detail and ability to work within a very deadline orientated environment
Strong analytical skills in order to understand and communicate complex transactions with embedded optionality as well as the ability to assess the market risk impact of those transactions on an existing portfolio
Strong numeracy and advanced Excel or Python skills, ability to develop valuation and risk models for wide range of derivatives
Desirable criteria and qualifications :
Solid understanding of global LNG market drivers, physical assets, and fundamentals
Relevant experience preferably in LNG or Gas Europe Product Control
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.
Internal Number: 4642388
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