Senior Analyst Trade Finance

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

Our purpose is to deliver energy to the world today and tomorrow. For over 100 years bp has focused on discovering developing and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner!

This role is based in London and sits in the Global Structured Trade Finance (STF) team within bps trading business (ST&S). The STF team facilitates ST&S business growth by partnering with credit trading and origination teams completing risk distribution and liquidity management using banks insurers and other strategic partners employing tools such as letters of credit risk cover and discounting using RPA or SPG SCF and promissory notes as well as more complex structures.

• Daily execution of import and export LCs SBLCs Bonds and Guarantees in support of ST&S C&P and the wider group
• Robust process and system management of LC SBLC bond and guarantee collateral
• Collaboration with tethered FBT teams and Liquidity Management team
• Maintain and develop close partnerships with key partners including but not limited to CDD CWC Credit Compliance Treasury Accounting Policy and Legal teams to ensure that Trade Finance solutions are delivered within internal and external boundaries and in compliance with guidelines.
• Seamless coordinated partnerships across the business including functional teams and Trading Operations and Origination.
• Broaden and continue building enduring relationships with banks and financial institutions.
  

• Silent running of ST&S credit risk mitigation activities by maintaining robust processes and controls.
• Timely and accurate issuance of letters of credit standby letters of credit and bank guarantees within Treasury and ST&S delegations of authority working practices and guidelines.
• Review receive and record incoming collateral in the form of letter of credit standby letter of credit or bank guarantee
• Collation review and presentation of documents under documentary LC for payment and maturity or early with discounting.
• Partnership with Treasury Credit CWC Contracts and Legal teams.
  

• Ensure Notices of Assignment are processed for ST&S globally.
• Continuous collaboration with FBT STF teams based in KL and Budapest ensuring safe transition of work to maintain high regional standards and good working relationships with bank counterparties and internal participants.
• Actively pursue continuous improvement in processes and ways of working.
  

• Good understanding Trade Finance instruments in respect of benefits and limitations of LCs and SBLCs when deployed for risk mitigation and discounting depending on whether bp is supplier or buyer in the transaction.
• Ability to scrutinise LC and SBLC drafts received from buyers to ensure adequate credit risk mitigation.
• Good understanding of doc LC claims processes within bp and with banks
• Ability to ensure compliant documents are procured prepared and presented for payment under doc LC in BAU and for SBLC in case of need.
• Ability to draft LCs with consideration of price risks based on the counterpartys creditworthiness.
  

• Agile and flexible worker who can cover many areas of the team and can effectively handle multiple activities products partners and/or projects simultaneously. Can adjust well to workload changes.
• Understanding of bp internal systems including a good understanding of how core systems are integrated and how to use said systems to facilitate and support activities within STF and alongside CWC.
• Excellent capability with Excel and PowerApps
  
  

Travel Requirement

Negligible travel should be expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Analytical Thinking Business Acumen Collaboration Commodity Risk Management Creativity and Innovation Curiosity Data visualization and interpretation Decision Making Exposure Management Internal control and compliance Market Knowledge 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

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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 with an accessibility need may request an adjustment/accommodation related to bps 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 processpleasecontact 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.