Senior Analyst, Market Risk-Refining Products Trading

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

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, applying 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, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, 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.

Our innovative Energize recognition points programme and spot awards translate exceptional performance into tangible rewards, to motivate our high performers.

Pay

bp offers competitive pay in line with industry standards, making us an employer of choice.

Discretionary bonus

We offer discretionary bonuses to reward strong company, business unit and individual performance, and recognition awards, including those related to long service to recognize commitment to the company.

Retirement & savings

We offer a range of discretionary retirement and savings plans to help provide you and your family with financial security.

Insurance benefits

To give you additional peace of mind, bp provides valuable insurance benefits in some countries. These are designed to provide financial assistance to employees and their families if employees become unwell or die in service.

Equity

Depending on your location and job level, there may be equity (stock and share) options you are eligible to join so you can be part of bp’s success.

Disclaimer

This is a high-level summary only of terms and current discretionary benefits applicable to certain roles. Some rewards, benefits and policies are at managers’ discretion and vary depending on where you work within the business. All terms subject to contract and all discretionary benefits subject to policy and eligibility.