Structured Trade Finance Specialist

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

About the position

The role is part of the Global Structured Trade Finance team which facilitates BP’s trading and shipping (T&S) business growth by partnering with credit, trading and origination teams, performs risk cover and liquidity transactions as well as structures more deals by combining financing and risk distribution solutions.

Your key focus in this role will be to support the growth aspirations of T&S, often transacting within geographies and counterparties, coordinated financing structures and the need for stronger credit mitigation capabilities.

The role draws on experience and contacts at financial institutions to provide tailored risk mitigation and liquidity management solutions tailor-made to meet specific needs of T&S. You will build enduring relationships with external partners and engage in negotiations / discussions of suitable financing and risk mitigant structures.

Part of a global team, you will be able to leverage best practices and exchange experience across T&S (regionally and cross-team) in support of commercial activities with a primary focus on the Americas, including South America, Central America, and the Caribbean Islands.

Key Accountabilities

• Be responsible for the structuring, negotiation and execution of funding and risk cover solutions with external & internal collaborators in support of commercial transactions. Examples such as trade credit insurance, receivable purchase agreements, risk participation agreements, prepayments, transfer ownership transactions and other non-debt arrangements.

• Silent running of T&S funding and credit risk mitigation activities by maintaining robust processes and controls.

• Maintain positive relationships with current banks, funds and insurers and identify/develop new partnerships in support of additional credit risk mitigation and/or funding solutions.

• Build collaborative partnership across the business, including Trading, Origination, Credit, Treasury, Legal and other functional teams.

• Develop tailored solutions to improve trader’s offering and generate additional P&L.

Essential Experience and Job Requirements:

• Degree or equivalent experience with strong experience in the commodity finance space.

• Transactional background and commercial approach; experience in developing and implementing funding and credit risk distribution structures within a commercial / investment bank and/or an energy trading company.

• Knowledge of the legal concepts and Non-Debt accounting treatment underpinning trade and commodities finance.

• Specialist expertise in some of or all the following: Prepayments, PXFs, RBLs, ABLs, Project Finance, Receivables Securitization, Receivable Discounting, Supply Chain Financing, Inventory Financing, Credit Structuring, Risk Syndication and Letters of credit.

• Lead in deal origination and negotiation, financial structuring, legal documentation, risk distribution/syndication, and working capital management.

• Ability to build and maintain good banking relations.

• Comfortable adapting role and input to needs of situation, ability to work in a fast pace multifunctional environment.

• Self-directed performer with an innovative demeanor.

• Curiosity in keeping up to date in funding and risk distribution markets, energy/low carbon industry and geo-political impacts.

• Digital and continuous improvement mentality, experienced with Excel, Powerpoint, MS Word at a minimum

Desirable Experience

• Understanding of fundamental credit drivers – particularly for stressed and distressed counterparties, including an understanding of collateral protections and bankruptcy law dynamics / Experience in restructuring debt

• Familiarity with credit portfolio management theory and practice and/or secondary credit markets

• Experience with oil, refined products, power, gas and low carbon markets

• Law degree, knowledge of various legal frameworks and ideally a language other than English

Why join us?

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 important, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, 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

Negligible travel should be expected with this role

Relocation Assistance:

Relocation may be negotiable for this role

Remote Type:

This position is a hybrid of office/remote working

Skills:

Analytical Thinking, Collaboration, Commercial Acumen, Commodity Risk Management, Creativity and Innovation, Curiosity, Data visualization and interpretation, Decision Making, Exposure Management, Group Problem Solving, Internal control and compliance, Market Knowledge, Market Risk Management, Operational Risk, Portfolio analytics, Resilience, Thought Leadership, Trade discipline and compliance, Trade execution and management, Trading and shipping data knowledge, Trading knowledge

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company.  We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with disabilities may request a reasonable 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 accommodation related to the recruitment process, please  to request accommodations.

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.