Trade Control Manager

Location: 
Warrenville, Illinois


Relocation: 
Relocation will be in accordance with BP guidelines.





BPs supply and trading activities were brought together in our Integrated Supply and Trading (IST) division, formed in 2001. ISTs role in the Group is to enhance performance and maximize value for BPs Assets through the disciplined application of supply and trading insights and techniques. IST actively manages the links between Assets and across Supply Chains, contributing to distinctiveness and competitive advantage for BP.


Our expertise and reputation is built around our people, systems and information flows. We operate across all BPs businesses, touching 60-65% of the Groups turnover, providing the commercial face of BP to the traded commodity and financial markets.


IST Oil Americas handles the supply and trading activities for BPs Oil and Chemical businesses in the Americas. The Business Unit and majority of our 700+ staff are headquartered in Warrenville, Ilinois, with a material presence in offices in La Palma, California; Houston, Texas; and Calgary, Canada. Our teams work closely with the BP Business Units in Refining and Marketing and Exploration and Production.


The Trade Control Manager position is a senior role within the Trade Control and Exposure teams in Oil Americas, based in Warrenville, Illinois. The role requires a hands-on approach and is a key control post, interfacing with the trading manager, traders, schedulers, Global IST units and other Oil America Trade Control teams. The Trade Control Manager is responsible for ensuring potentially high risk trading activities are conducted within a robust framework of control. Specific control activities include measuring and reporting trading exposure, daily marked to market profit and loss (P&L), reconciling daily Trading Management Information (MI) to financial accounts, as well as monitoring compliance with delegated authorities. The Trade Control Manager will lead a team of analysts who are collectively responsible for providing these services for the Oil Americas market trading functions.


Accountabilities Include:

Lead, coach, motivate and develop a team of analysts in delivering the exposed position and financial data daily.
Work with Trading teams to analyze trading positions and strategies that add value, and develop reporting processes that assist understanding and capture value.
Manage monthly reconciliation of reported MI P&L.
Manage the development/enhancements of the MI tools to improve the platform stability and data analysis.
Report daily against the approved Control Limits for each book.
Assist in the learning process across IST of the exposure processes and value creation.


Required Qualifications: 
To be considered for the role of Trade Control Manager applicants must have:

A minimum of a Bachelor's Degree in Finance, Economics, Mathematics, Accounting or a related field.
A minimum of 7 years of experience in management of reporting, controls, and financial analysis in a trading environment.
A minimum of 7 years of related experience in accounting, finance and/or market/trade risk.
Commercial awareness, combined with enthusiasm for innovation, as well as added value solutions.
The ability to be a strong team player, committed to the high performance of all members of the team.
The ability to take an independent approach where appropriate, and challenge where needed.
The ability to articulate complex issues simply.
The knowledge to be IT literate, highly numerate, and familiar with financial analysis. 
Legal authorization to work in the US on a full-time basis for anyone other than your current employer. 


Preferred Qualifications: 
In addition to the required qualifications the successful candidate is likely to be able to demonstrate:

A minimum of 5 years of related experience in accounting, finance and/or market/trade risk.
Experience working in a Trading Environment.
The willingness and ability to relocate to or commute on a daily basis to Warrenville, Illinois.


If you are selected for the position, your employment will be contingent upon submission to and successful completion of a post-offer/pre-placement drug and alcohol screening as well as pre-placement verification of the information and qualifications provided during the selection process.


EOE M/F/D/V