Job Title: Senior Commodity Risk Analyst
Location: Chicago, Il 60606 Hybrid role 60/40 3days in office 2 days working from home
End-Client: Large Energy Company
Pay: $50 - $75/hr. with comprehensive benefits (401K, Health, Dental, & Vision)
Job Type: 12 - month contract role possibility to convert to badged employee

The Senior Commodity Risk Analyst – Refining Products & Low Carbon Americas is a key strategic control position within the Commodity Risk function and bp's Trading and Shipping Finance. This position reports to the Commodity Risk Lead for a specific commodity's aspects of control. 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. This role will be based out of our Chicago, IL office. Job Advert

Key Accountabilities:  Responsible for the creation and delivery of high quality, insightful, value added, and automated management information.  Responsible for bringing transparency to linear and nonlinear 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 deal blotters and business summaries from the front office to ensure that new business deals are accurately represented in the system.  Daily maintenance and validation of non-global curves and resolve any issue with bench analyst on a timely basis.  Collaborate closely with finance, risk and front office teams to resolve any discrepancies on counterparty, pricing, volume and MTM intent.  Maintain and review 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.  Monitor regulatory reporting activities specifically related to Dodd Frank requirements, ensure processes and controls are aligned with regulatory rules and obligations.  Identify, assess and monitor regulatory reporting risks and requirements applicable to the business, assisting with planning and implementing any necessary policy / process changes as these evolve.  Develop and maintain an understanding of regulatory obligations in relation to Dodd Frank.

Essential Education:  Bachelor's Degree in Finance, Economics, Data Science, Information Systems, Accounting, or another Quantitative field Preferred Experience:  Exceptional knowledge of Vanilla and Exotic Options products, pricing, and risk management.  Prior experience in the Oil and Gas industry and general knowledge of commodity trading concepts preferred.  Able to effectively work in a trading floor environment, which is fast paced and, at times distracting. About you Ideal candidates will have a bachelor's degree with at least 5 years of finance, risk or other proven experience. You will be proficient at identifying basic risk mitigation strategies and have the ability to drive commercial focus, analyze exposures and be a strategic member of our finance team. Being knowledgeable about the external environment in which the business operates and being able to assess and challenge its impact on the business risk matrix is crucial to this role. You should be able to analyze operational risk exposure and advise risk mitigation programs. Possessing programming skills and understanding energy trading markets and instruments would be highly beneficial.

Job Types: Full-time, Contract

Pay: $50.00 - $75.00 per hour

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Experience:

• Risk management: 7 years (Required)
• Commodities Trading: 7 years (Required)
• Commodities Risk Management: 7 years (Required)
• Power BI: 7 years (Required)

Work Location: Hybrid remote in Chicago, IL 60606

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