Entity:

Finance

Job Family Group:

Finance Group

Job Description:

Market Risk is a critical control and strategic advisory function within the Supply, Trading & Shipping Finance organization, responsible for providing independent, actionable insight across the global portfolio. Reporting directly to the VP Risk, the Senior Manager Transformation & Strategy will lead the evolution of market risk operations by redesigning processes, driving greater consistency, eliminating duplication, and delivering systems solutions.

The role will be instrumental in advancing the risk strategy and assessing alignment between trading positions and market views. It requires a strong understanding of trading strategies, process improvement, project delivery, and risk management, combined with effective global leadership and collaboration. Success will depend on balancing independence with partnership, enabling the business while maintaining a robust control framework.

The successful candidate will also contribute to regional and global strategic priorities, lead standardization initiatives, support new market activities, and drive capability development and continuous improvement across the function.

Supply, Trading & Shipping is committed to fostering a diverse and inclusive work environment, grounded in fairness, equal opportunity, and meritocracy. This role offers a unique opportunity to shape global risk strategy, develop talent, and drive meaningful change within a fast-paced, high-impact trading environment.

Key Accountabilities

• Lead and develop a high-performing global team, fostering a culture of accountability, continuous improvement, and commercial partnership; oversee talent development, succession planning, and regional execution of global priorities.
• Drive delivery of transformation initiatives, including project management, process improvement, and systems implementation to improve efficiency, consistency, and scalability.
• Lead the development and execution of market risk models, ensuring accuracy and relevance across portfolios and consistency across processes, systems, and people.
• Provide strategic market risk leadership, aligning risk oversight with commercial objectives and trading strategies, and translating risk metrics into clear, actionable insights for the Front Office and senior stakeholders.
• Deliver high-quality risk analytics and reporting, including timely valuation of trading exposures and forward-looking insights on market trends, regulatory developments, emerging risks, and scenario analysis.
• Strengthen communication and decision-making by engaging effectively with the Front Office, Market Risk, I&E, and other key stakeholders.
• Establish and uphold robust risk governance, shaping and enforcing policies, ensuring compliance with regulatory requirements, and maintaining a strong control framework.
• Drive standardization and continuous improvement, enhancing processes, systems, and data quality in collaboration with Technology and global teams.
• Enable cross-functional collaboration, identifying and resolving market risk issues and supporting new market entries and strategic deals.

Essential Skills & Experience:

• Previous Market Risk or relevant Front Office/Analytics experience; acquired working either within bp or within the energy trading sector.
• Strong strategic thinking and project leadership across multi-disciplinary teams.
• Deep understanding of physical and financial commodity trading (gas/oil), including derivatives and valuation techniques.
• Demonstrated ability to evaluate complex deals and align risk with commercial strategy.
• Advanced analytical and financial skills, specifically VaR, stress tests, and liquidity measures.
• Excellent communication and interpersonal skills, with the ability to influence across all organizational levels.
• Track record of people leadership, team development, and delivering against organizational expectations.
• Ability to manage multiple priorities under pressure and drive operational improvements.
• Strong stakeholder engagement and relationship-building across trading, risk, and support functions.
• Commitment to excellence, independence, and proactive problem-solving in a dynamic environment.
• MBA, CFA, or similar advanced degree an asset

Why Join Us? We invest in the growth and wellbeing of our people, providing the resources, networks, and development opportunities needed to thrive. Our total rewards package includes competitive pay, bonuses, share options, and a range of flexible benefits designed to meet your needs. We recognise that people have multifaceted lives, and we strive to offer a career experience that reflects that.

Travel Requirement

Some travel may be required with this role, this is negotiableThis role is not eligible for relocationThis position is a hybrid of office/remote working

Skills:

Market Knowledge, Market Risk, Market Risk Management, Operational Risk, Portfolio analytics, Problem Solving, Resilience, Sentiment and Trends, Thought Leadership, Trade discipline and compliance, Trade execution and management, Trading and shipping data knowledge, Trading Fundamentals, Trading knowledge, Trading risk controls

Legal Disclaimer:

We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.).

If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.