Market Risk Manager

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

The Market Risk Lead supports bp’s Supply, Trading & Shipping (ST&S) business by providing independent risk insight, analysis, and challenge to support informed commercial decision-making. This role partners with trading, finance, risk, and technology teams to strengthen risk management practices, enhance analytics, and promote a consistent risk culture across global operations.

Job Summary

Market Risk Management

• Provide independent oversight and challenge of trading activities within established risk frameworks.
• Assess market risks associated with trading portfolios, new business opportunities, and central initiatives.
• Support the identification, evaluation, and mitigation of emerging market risks.
• Contribute to the development and continuous improvement of market risk standards, policies, and governance practices.

Risk Analytics & Reporting

• Deliver market risk analysis and reporting that provides meaningful insights into portfolio exposures and risk drivers.
• Develop and enhance risk analytics, methodologies, and tools to support effective decision-making.
• Translate complex risk information into clear and actionable recommendations for partners.
• Support the continuous improvement of risk measurement, reporting, and monitoring processes.

Collaboration & Partner Engagement

• Partner with Front Office, Finance, Risk, and Technology teams to support business objectives and risk management priorities.
• Build effective relationships across functions, regions, and teams to encourage knowledge sharing and collaboration.
• Promote a culture of transparency, accountability, and continuous improvement.
• Provide technical guidance and share market risk knowledge across the organization.

Qualifications

Education

• Bachelor's degree or equivalent experience in Finance, Economics, Mathematics, Engineering, Business, Data Analytics, or a related field preferred.
• Equivalent combinations of education, professional experience, and transferable skills will also be considered.

Professional Background

• Proven experience in market risk, trading, analytics, finance, quantitative analysis, risk management, consulting, or related fields.
• Experience working with data analysis, reporting, and risk metrics.
• Familiarity with financial or commodity markets is beneficial.
• Experience with analytical tools such as Excel, Python, VBA, or similar technologies is advantageous.

Skills & Competencies

• Strong analytical and problem-solving capabilities.
• Ability to interpret data and communicate insights to diverse audiences.
• Effective communication and relationship-building skills.
• Ability to collaborate across global and cross-functional teams.
• Interest in risk management, trading activities, and business performance.
• Continuous improvement perspective with curiosity and adaptability.
• Ability to influence outcomes through collaboration and constructive challenge.
• Advanced English proficiency.

Work Location & Shift Pattern

• São Paulo, Brazil.
• Hybrid model: 4 days onsite, 1 day remote.
• No travel required.
• Relocation assistance not available.

Why join us

At bp, we support our people to learn and grow in a diverse and ambitious 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 (https://exploreyourbenefits.com/landing.html) 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

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.