Senior Analyst, Market Risk-Refining Products Trading

Other Jobs To Apply

No other job posts for this day.

Full time

Senior Analyst, Market Risk-Refining Products Trading

United States of America, Illinois, Chicago 1 day ago

Job category

Finance

Experience level

Intermediate

Relocation available

This role is not eligible for relocation

Job type

Professionals

Travel required

Negligible travel should be expected with this role

Job code

RQ107240

Job Description

  • *EMPLOYER:** BP America Inc.
  • *JOB LOCATION:** 30 S Wacker Dr, Chicago IL 60606 (May work from home on a hybrid schedule within 50 miles of worksite (Chicago IL))
  • *OFFERED SALARY:** $142,210 - $150,000 per year
(Please note the pay range listed for this position is a good faith and reasonable estimate of the base pay range for this position at the time of posting. You may learn more about our generous benefits at Explore Our Benefits https://exploreyourbenefits.com/landing.html)
  • *JOB DUTIES:**
Independently oversee and critically assess trading strategies across a diverse range of energy commodities and environmental credits, ensuring adherence to internal Market Risk Standards, risk policies, and Delegation of Authority.

Design, implement, and continuously refine sophisticated quantitative market risk models and quantitative analytics, including VaR, Monte Carlo simulations, sensitivity analyses, and scenario modeling, and machine learning algorithms, leveraging advanced SQL, Python, VBA, and Power BI capabilities to enhance forecasting accuracy and actionable risk insights.

Collaborate closely with traders and originators to develop tailored trading analytics, employing robust statistical methods, predictive modeling, and data-driven market insights to proactively identify trading opportunities and enhance commercial decision-making.

Systematically analyze and quantify trading positions and market exposures, using advanced volatility analytics, forecasting tools, and scenario-based stress tests to deliver comprehensive portfolio risk assessments that directly inform strategic trading initiatives.

Perform rigorous independent validation and sophisticated financial modeling of structured commodity contracts and origination deals, ing detailed quantitative valuation techniques, price verification, and sensitivity assessments to ensure commercial accuracy and appropriate risk provisioning.

Actively partner with Front Office teams, providing thoughtful challenges, commercially focused risk insights, and strategic guidance informed by detailed quantitative analytics, enabling optimal risk-return outcomes and driving incremental trading value.

Utilize advanced quantitative skills in derivatives including futures, swaps, options, and Greeks to assess and manage portfolio convexity, volatility, and strategic exposures, ensuring robust risk management across multiple commodity trading books.

Drive quantitative innovation and process improvement by automating risk reporting and analytics through bespoke dashboards and tools integrated within industry-leading ETRM platforms, significantly enhancing efficiency, transparency, and strategic decision-making capabilities.

Mentor and develop junior analysts and interns, strengthening their quantitative skills, analytical rigor, and commercial acumen to promote a proactive, data-driven, and commercially focused risk management culture.

Regularly communicate complex quantitative analyses and risk insights clearly to senior management and risk governance committees, actively influencing risk appetite decisions, strategic policies, and the development of quantitative frameworks to support ongoing business growth and innovation. May work from home on a hybrid schedule within 50 miles of worksite (Chicago IL).

  • *MINIMUM REQUIREMENTS:**
Bachelor’s degree or foreign equivalent in Economics, Financial Mathematics, Data Science, Computer Science, or a closely related quantitative field plus four (4) years of experience with the application of advanced financial modeling; valuation methodologies; and quantitative analytics including DCF, benchmarking, and scenario analysis to evaluate the financial and operational impacts of complex transactions under varying economic and market conditions for clients from various sectors including consumer goods, energy, and manufacturing.

Experience to include standardizing analytical processes; strengthening data governance; and aligning work products with applicable regulatory requirements and documentation standards to ensure accuracy, transparency, and consistency.

SPECIAL REQUIREMENTS

  • *Requirements:** Under 5% domestic and international travel required.
  • *Legal Disclaimer:**
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, natio
Back to blog

Common Interview Questions And Answers

1. HOW DO YOU PLAN YOUR DAY?

This is what this question poses: When do you focus and start working seriously? What are the hours you work optimally? Are you a night owl? A morning bird? Remote teams can be made up of people working on different shifts and around the world, so you won't necessarily be stuck in the 9-5 schedule if it's not for you...

2. HOW DO YOU USE THE DIFFERENT COMMUNICATION TOOLS IN DIFFERENT SITUATIONS?

When you're working on a remote team, there's no way to chat in the hallway between meetings or catch up on the latest project during an office carpool. Therefore, virtual communication will be absolutely essential to get your work done...

3. WHAT IS "WORKING REMOTE" REALLY FOR YOU?

Many people want to work remotely because of the flexibility it allows. You can work anywhere and at any time of the day...

4. WHAT DO YOU NEED IN YOUR PHYSICAL WORKSPACE TO SUCCEED IN YOUR WORK?

With this question, companies are looking to see what equipment they may need to provide you with and to verify how aware you are of what remote working could mean for you physically and logistically...

5. HOW DO YOU PROCESS INFORMATION?

Several years ago, I was working in a team to plan a big event. My supervisor made us all work as a team before the big day. One of our activities has been to find out how each of us processes information...

6. HOW DO YOU MANAGE THE CALENDAR AND THE PROGRAM? WHICH APPLICATIONS / SYSTEM DO YOU USE?

Or you may receive even more specific questions, such as: What's on your calendar? Do you plan blocks of time to do certain types of work? Do you have an open calendar that everyone can see?...

7. HOW DO YOU ORGANIZE FILES, LINKS, AND TABS ON YOUR COMPUTER?

Just like your schedule, how you track files and other information is very important. After all, everything is digital!...

8. HOW TO PRIORITIZE WORK?

The day I watched Marie Forleo's film separating the important from the urgent, my life changed. Not all remote jobs start fast, but most of them are...

9. HOW DO YOU PREPARE FOR A MEETING AND PREPARE A MEETING? WHAT DO YOU SEE HAPPENING DURING THE MEETING?

Just as communication is essential when working remotely, so is organization. Because you won't have those opportunities in the elevator or a casual conversation in the lunchroom, you should take advantage of the little time you have in a video or phone conference...

10. HOW DO YOU USE TECHNOLOGY ON A DAILY BASIS, IN YOUR WORK AND FOR YOUR PLEASURE?

This is a great question because it shows your comfort level with technology, which is very important for a remote worker because you will be working with technology over time...