Hybrid Senior Manager, Market Risk – Refining & Products Trading

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About the role

  • Lead a globally distributed team, fostering a culture of accountability, continuous improvement, and commercial partnership.
  • Actively lead staff development, succession planning, and regional execution of global/strategic agendas.
  • Provide market risk oversight aligned with commercial objectives and trading strategies.
  • Translate risk metrics into business-relevant insights for the Front Office and senior stakeholders.
  • Manage communications with Front Office, regional CFOs, Heads of Commodity Risk, and other key partners, enabling faster, clearer, and more informed decisions.
  • Deliver insights on market trends, regulatory changes, emerging risks, and scenario analysis to inform decision-making.
  • Independently challenge and/or support trading decisions, advising on optimal positioning and risk deployment.
  • Promote a culture of risk awareness, accountability, and continuous improvement.
  • Recommend adjustments to optimise risk-reward profiles and handle liquidity constraints.
  • Lead the development and execution of market risk models, ensuring accuracy and relevance across portfolios.
  • Ensure consistency across process, systems, and people.
  • Ensure timely and accurate valuation of trading exposures and delivery of high-quality risk reporting.
  • Shape and enforce risk policies, ensuring compliance with global regulatory standards and internal controls.
  • Drive cross-functional collaboration to identify, assess, and resolve market risk issues, as well as supporting on new market entries and strategic deals.
  • Champion process standardisation, operational efficiency, and system enhancements in collaboration with Technology and global teams.

Requirements

  • Previous Market Risk or relevant Front Office/Analytics experience; acquired working either within bp or within the energy trading sector.
  • Strong critical thinking and project leadership across multi-disciplinary teams.
  • Deep understanding of physical and financial commodity trading (gas/oil), including derivatives and valuation techniques.
  • Demonstrated ability to evaluate complex deals and align risk with commercial strategy.
  • Advanced analytical and financial skills, specifically VaR, stress tests, and liquidity measures.
  • Excellent communication and interpersonal skills, and able to influence across all levels.
  • Track record of people leadership, team development and delivering against organisational expectations.
  • Ability to hold multiple priorities under pressure and drive improvements.
  • Strong engagement and relationship-building skills across trading, risk, and support functions.
  • Commitment to excellence, independence, and proactive problem-solving in a dynamic environment.
  • A strong business /analytical mindset.
  • Bachelor's degree (or equivalent). MBA, CFA, or a similar advanced degree would be an asset.

Benefits

  • life and health insurance
  • medical care package
  • paid vacation ranging from 120 – 240 hours per year
  • 9 paid holidays per year
  • 2 personal choice holidays
  • parental leave policy offering up to 8 weeks’ paid leave for childbirth or adoption
  • annual bonus program
  • long-term incentive program
  • generous retirement benefits including a 401k matching program
  • pension for eligible employees

Job title

Senior Manager, Market Risk – Refining & Products Trading

Job type

Experience level

Senior

Salary

$175,000 - $225,000 per year

Degree requirement

Bachelor's Degree

Location requirements

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