Senior Risk Analyst

Job title:

Senior Risk Analyst

Company

ConocoPhillips

Job description

Welcome to ConocoPhillips, where innovation and excellence create a platform for opportunity and growth. Come realize your full potential here.Who We AreWe are one of the world’s largest independent exploration and production companies, based on proved reserves and production of liquids and natural gas. With operations and activities in 13 countries, we explore for, develop, and produce crude oil and natural gas globally. We are challenged with an important job to safely find and deliver energy to the world. Our employees are critical to our success, and with them we power civilization.We’re grounded by our SPIRIT Values – safety, people, integrity, responsibility, innovation, and teamwork. These values position us to deliver strong performance in a dynamic business – but not at all costs. We believe it’s not just what we do – it’s how we do it – that sets us apart.We strive to make a significant difference in the communities where we live and operate. We create an inclusive environment that values all voices and opinions. Together, the different backgrounds, experiences, ideas, and perspectives of our employees drive our success.Job Summary Our Commercial business manages the company’s worldwide commodity, supply, and marketing needs. Working with leadership on the development of the risk management processes for expanded Crude, NGL, and LNG activities. In addition, working closely with Exploration and Production, Commercial adds significant value by improving ConocoPhillips supply chain management and growing its third-party global marketing business.Based at our offices at Angel Court in London, reporting directly to the Manager, Commercial Finance, the position is responsible for monitoring and reporting of Risk related commodity positions and P&L within Gas, Power, LNG, and Crude, using deal capture, position reporting and risk management systems. The position also serves as an integral element within the internal control environment by ensuring positions are marked to market daily and risk management position reports are completed accurately and timely.Job DescriptionPrimary Role Objectives

• Use existing systems and spreadsheet tools to summarize commercial commodity price-risk positions
• Maintain MS Excel and MS Access based tools that leverage corporate systems for deal capture, position management, earnings and VaR
• Monitor and report exposure, VaR, and risk results
• Monitoring compliance with the company’s risk control policies and regional position limits
• Coordinating reconciliation of paper and physical positions to systems of record, and front office control spreadsheets in support of daily reporting responsibilities
• Support modelling of proposed trading scenarios and structured products
• Develop understanding of Commodity markets. Through collaboration with Front Office, understand trading patterns and the infrastructure that moves gas, power, crude, or LNG from supply to market areas
• Perform independent analysis to address various commercial concerns
• Train and mentor other Risk Operations team members
• Prepare a variety of ad hoc analysis and data tools to meet changing business needs
• Participate in business improvement projects that might include supporting or leading cross-functional teams that implement systems enhancements, re-work business processes, or address enterprise risks

Competency RequirementsRequired:

• Bachelors Degree (minimum 2:1) in Business/Finance/Engineering or equivalent Degree
• Demonstrable experience with MTM & VaR reporting, GAAP accounting and financial reporting, or engineering & quantitative analysis, ideally gained from working within, Crude, Gas, LNG environment
• Risk analyst experience
• Proficient in the use of Microsoft Excel for maintaining Excel spreadsheets or development and maintenance of complex models

Preferred:

• Experience at driving change to improve work processes
• Advanced proficiency in the use of Excel and development or maintenance of complex models
• Intermediate proficiency in SQL, PowerBI, Python, Spotfire or related programs
• Intermediate knowledge of financial products/contracts used in commodity trading and risk management (swaps, options, futures and forwards)
• Intermediate knowledge of the Company’s risk management policies
• Ability to interact with both finance and trading customers
• Demonstrates a high level of personal initiative and sense of urgency to get the job done, both in handling technical tools and addressing business issues
• Effectively handle challenging priorities to achieve results, particularly when new situations arise that requires resolution on short notice
• Strong written and oral communication skills are important
• Delivers results through realistic planning to accomplish goals
• Builds effective solutions based on available information and makes timely decisions that are safe and ethical
• Listens actively and invites new ideas for exchanged opinions, then influences and acts to drive positive performance and achieve results

Apply Before: September 14, 2024Sponsorship: ConocoPhillips’ sponsorship for employment authorization in the country where this job is located is NOT available for this position.EEO: ConocoPhillips is an equal opportunity employer.

Expected salary

Location

London

Job date

Sat, 31 Aug 2024 03:02:05 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (jobs-near-me.eu) you saw this job posting.