Senior Manager Commodity Risk (Power)

About This Role

This leadership role involves leading end-to-end market risk oversight, financial integrity, and control effectiveness for the Power trading portfolio. The Senior Manager will act as a senior partner and trusted advisor to various internal teams, ensuring activities comply with bp's risk appetite and operating standards. The position is accountable for delivering market risk insight, P&L governance, valuation integrity, and driving continuous improvement.

Responsibilities

• Provide senior leadership for Power commodity market risk management, aligning with bp’s risk appetite and commercial objectives
• Act as a strategic thought partner to Power Trading leadership, influencing portfolio strategy and capital deployment
• Lead and mentor Commodity Risk analysts/managers, fostering a strong risk culture
• Represent Power Commodity Risk in senior leadership forums, risk committees, and governance reviews
• Own and oversee MTM, exposure, Greeks, P&L, and valuation governance across Power portfolios
• Ensure robust and transparent valuation methodologies for complex structures and tailored deals
• Provide independent challenge to trading activity, deal structures, and new products for compliance
• Deliver high-quality, decision-grade reporting and analytics covering market risk, gross margin, cash, liquidity, and working capital
• Own and continuously enhance front-to-end control frameworks across the transaction lifecycle
• Lead audits, assurance reviews, and regulatory interactions related to Power trading risk and controls
• Champion process optimization, automation, and standardization initiatives across Commodity Risk and adjacent functions

Requirements

• Significant experience in the commodity trading environment
• Market risk, product control, or trading analytics, with deep Power market exposure
• Proven experience overseeing physical and financial derivatives valuation, complex structures, and option products
• Strong understanding of end-to-end trading lifecycle, ETRMs, valuation models, and control environments
• Proven ability to lead teams, influence senior colleagues, and provide constructive challenge to front office leadership
• Ability to articulate complex financial and risk concepts clearly to senior executives and non-technical audiences
• Strong commercial competence with the confidence to balance independent risk oversight and business enablement
• Advanced proficiency in MS Excel
• Strong analytical and problem-solving capability
• Excellent communication, judgment, and decision-making skills in fast-paced, high-stakes environments

Qualifications

• Bachelor’s degree or equivalent experience in Finance, Accounting, Economics, Engineering, or related subject area (Master’s preferred)
• Significant experience in the commodity trading environment with deep Power market exposure and proven ability to lead teams.

Nice to Have

• Prior experience in Product Control, Market Risk, or Middle Office leadership roles
• Strong experience with Power BI or similar analytics platforms
• Hands-on experience with ETRMs such as Endur or Epsilon
• Deep knowledge of physical power markets, load, congestion, HRCOs, revenue puts, and structured power products
• Professional qualifications such as CFA, CPA, ERP, MBA
• Experience operating within global matrix organizations and leading cross-regional initiatives

Skills

* Required skills

Benefits