30 August 2017
BP are looking for a Structured Trade Finance Specialist to join the Structured Trade Finance team within BP’s supply and trading business (IST). The team facilitates business growth by partnering with credit, trading, and origination teams to identify an structure transactions utilising credit risk mitigation products and various financing solutions to support working capital optimization and risk distribution.
In this role you will focus on the support of the forward-looking growth aspirations of IST, which leans more heavily on higher-risk geographies and counterparties, integrated financing structures, and the need for stronger credit risk distribution capabilities. You will also draw on your experience and contacts with Financial institutions to provide bespoke risk mitigation and liquidity management by designing structured and trade finance solutions to complete transactions. You will also build enduring relationships and negotiate with banks and financial institutions leveraging trade finance best practices across IST in support of commercial activities globally. Working in London you will be part of a global team, providing support across an oil and gas multi-commodity supply and trading organization operating worldwide with the primary focus being North America and Latin America.
•Provide structuring leadership and/or support on strategic and complex transaction opportunities in partnership with trading and origination teams
•Lead the negotiating of financing documents such as risk purchase agreements, prepayments, supply chain financing, and club deals.
•Book risk cover with banks and/or insurers as directed by Credit for effective risk mitigation. Ensure cover remains valid by behaviour as a prudent uninsured. Own the process, documentation, and communication internally and externally.
•Seamless and cooperative partnership across the business, including Trading, Origination, Credit, Treasury, Legal and other functional teams.
Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.
Integrated Supply & Trading (IST) is BP’s face to the traded markets for BP in oil, gas, power, chemicals and finance. IST’s role is to enhance Group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control and compliance infrastructure. IST has a dynamic and highly skilled workforce, which creates value by combining analysis and commercial innovation with the material asset base of BP.
IST Finance operates in support of IST’s strategic objectives, helping it to achieve its aim of being the world’s pre-eminent energy trader, in a controlled and compliant way. IST Finance is an integral function within BP’s global oil and gas trading and supply activities. It is accountable for short term planning and for all financial and middle office control and reporting activities. It also ensures consistency and monitors compliance in processes and Operating Standards. IST Finance operates around 3 Global processes: Accounting & Reporting, Trade Completion and Product Control and operates seamlessly with the Risk function to support the business.
IST fosters a diverse and inclusive workplace for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.
*Essential experience and job requirements
•Experience in developing and implementing financing and transaction structures, within a commercial / investment bank, an energy trading enterprise or both
•General knowledge of the legal concepts underpinning trade and commodities finance, with particular experience in EMEA and Russian jurisdictions a plus
•Extensive related experience in the commodity trading space
•Able to build and maintain good banking relations
•Adept at building and maintaining strong, cooperative working relationships across various organizational levels – both internally and with key external partners and counterparties
•Comfortable adapting role and input to needs of situation – structuring lead, structuring support, limited advisory role, etc.
•Self-directed high performer with an innovative and entrepreneurial mindset
•Excellent communication (oral and written) and interpersonal skills
•Deep understanding of fundamental credit drivers – particularly for stressed and distressed counterparties, including an understanding of collateral protections and bankruptcy law dynamics
•Familiarity with credit portfolio management theory and practice and/or secondary credit markets (loans, bonds, CDS)
•Capital markets experience, particularly with stressed or distressed companies, in any of the following sectors or geographies a plus – Refiners, E&P, Merchant Power, LNG, Asia, Africa, Latin America
•Letter of credit experience, with emerging markets or L/C financings
•Familiarity with treasury management products
•Familiarity with accounting standards
•Foreign language proficiency a potential plus