Entity:
Finance
Job Family Group:
Finance Group
Job Description:
Credit Research and Underwriting Manager for Supply Trading & Shipping (ST&S) is accountable for fundamental credit views and analysis in support of ST&S’ commercial and credit portfolio management strategies, including the development of counterparty-specific credit ratings and reviews. The role holder will also have authority to set credit limits for counterparties, partnering closely with other local and global credit staff and Front Office teams in support of business and growth strategies. The Credit Research and Underwriting Manager will partner with other credit research staff across regions to align underwriting approach; inform industry or portfolio level risk management outlooks, reviews and proactively manage adverse geopolitical and sector specific events.
Management scope includes Global Credit Research staff in Kuala Lumpur, reporting to the Senior Manager, Global Credit Research based in London.
Key Accountabilities:
- Specific accountabilities will include but not be limited to the following:
- Analyse counterparties and assign credit ratings across your own coverage portfolio, taking into consideration evaluation of financial documents, industry knowledge and expertise and relevant qualitative factors – including the proficient analysis of counterparties in sophisticated industries, with complex organizational or ownership dynamics or experiencing financial stress/distress.
- Manage within formally delegated authorities, the credit and tenor limits for trading counterparties.
- Lead local team members in organization and execution of the above, working with team members to foster and guide their continued professional development and high performance, providing support and resources, agreeing ongoing priorities, providing constructive feedback.
- Be an active member of deal teams supporting analysis and allocation of risk appetite.
- Proactive identification and partner concern of emerging trends within the portfolio which warrant potential interventions or forward underwriting adjustments.
- Follow-up on emerging news and events which may impact coverage universe in a self-directed manner, including timely, proactive actions and communication of observations and views.
- Maintain counterparty ratings and reference data accurately and timely.
- Maintain strong, constructive working relationships and open lines of communication with local and global credit staff within bp and with key contacts within counterparty universe.
- Support and lead the integration of 3rd party information sources and AI enabled automated analysis to drive efficiency within the greater GCR organisation.
Key Requirements:
- Master’s and/or bachelor’s degree required, preferably in Finance or Accounting
- Prior experience in credit research, including multiple industry sectors and geographies and both investment grade and high-yield credits, with knowledge of commodity trading, preferably in energy and derivative products
- Ability to deliver effectively against bp’s leadership expectations – by promoting and role-modeling positive values and behaviors, developing talent, energizing staff and delivering against near and long-term objectives.
- A passion for the role and a steadfast commitment to excellence, including exceptional attention to detail and meticulous and timely follow-through on all role accountabilities.
- Fluency with respect to financial modelling and credit rating best practice, including key drivers of financial strength and key financial vulnerabilities across multiple sectors, including sovereigns.
- A comfort level in working autonomously, sometimes under high-pressured and fast-paced circumstances, and often in the face of ambiguity/limited information – and the personal courage to express a view on best information available to inform decisions.
- Team playGreat teammateer with excellent interpersonal skills and a comfort level in working effectively with people at various organizational levels within BP.
- An understanding of geopolitical events and sector risk with insights on the effect of these on our counterparties, proactive recommendations and actions on risk appetite.
- 8+ years of experience in credit research, including work-out / distressed asset experience.
- Credit research coverage/experience across globe.
- Proficiency in MS apps
- Postgraduate, professional designations desirable (MBA, CFA, CPA, FRM, PEng)
- Must be willing to work on UK shift (c. 2pm – 11pm)
At bp, we support our people to learn and grow in a diverse and exciting environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, paid parental leave policy among others.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Travel Requirement
No travel is expected with this role
Relocation Assistance:
This role is not eligible for relocation
Remote Type:
This position is a hybrid of office/remote working
Skills:
Analytical Thinking, Business Acumen, Collaboration, Commodity Risk Management, Creativity and Innovation, Curiosity, Data visualization and interpretation, Decision Making, Exposure Management, Internal control and compliance, Market Knowledge, Market Risk Management, Operational Risk, Portfolio analytics, Problem Solving, Resilience, Sentiment and Trends, Thought Leadership, Trade discipline and compliance, Trade execution and management, Trading and shipping data knowledge, Trading Fundamentals, Trading knowledge, Trading risk controls
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Legal Disclaimer:
We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, 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.
