Job Advert
Canary Wharf – London
Do you want to join a company whose aim is to make a real difference to the sustainability of our planet? BP is on a journey to transform our business to do just that. It won’t be straight forward and there will be challenges along the way, but we are up for it, are you?
This is what our CEO thinks about it – “It’s about doing the right thing. We made it our corporate purpose last year – reimagining energy for people and our planet. We like the recognition that there doesn’t need to be a trade-off between people, planet and profit. We firmly believe that.”
As Credit Research Associate Director – internally known as – ‘Senior Analyst Credit Research’ for trading & shipping (t&s) you will be accountable for fundamental credit views and analysis in support of t&s’ commercial and credit portfolio management strategies, including the development of counterparty-specific credit ratings and reviews. You will partner closely with global credit colleagues in support of business and growth strategies, and with your team mates across regions to align underwriting approach and inform industry or portfolio level risk management outlooks and reviews.
We are strong advocates for Agile working – work arrangements that include but not limited to flexibility with respect to hours, location, remote working and full vs. part-time!
KEY ACCOUNTABILITIES
- Analyse counterparties, assign credit ratings across coverage portfolio taking into consideration evaluation of financial statements, industry knowledge and expertise, and relevant qualitative factors
- Prioritise and organise counterparty credit models and reviews in a manner which fosters a real-time understanding of critical industries and counterparties supporting time-sensitive requests, front-end structuring and credit risk appetite decisions and crisis response in the event of a distressed exposure
- Follow-up on emerging news and events which may impact coverage universe in a self-directed manner, including timely, proactive communication of views
- Understand impact of t&s’ place within a counterparty’s overall capital structure and reflect insights in discussions with local credit staff. Assisting as required in developing a relative value view of fair return for resulting risk profile
- Demonstrate a balanced but opportunistic mindset, with control accountabilities always coming first but with an eye for circumstances which may present commercial origination openings
- Maintain counterparty ratings and reference data accurately and timely
- Maintain constructive working relationships and open lines of communication with credit staff within bp and with key contacts within counterparty universe
ESSENTIAL EDUCATION
- Bachelor’s degree, preferably Finance or Accounting
ESSENTIAL EXPERIENCE & JOB REQUIREMENTS
- Experience in credit research, including multiple industry sectors and geographies and both investment grade and high-yield credits
- Financial modelling and credit rating best practice, including key drivers of financial strength and key financial vulnerabilities across multiple sectors, including sovereigns
- Able to work autonomously, often in the face of ambiguity – courage to express a view on the best information to inform decisions
DESIRABLE ATTRIBUTES
- Work-out/distressed asset experience
- Relative value credit experience within a buy-side investment firm or similar
- Project finance
- Proficiency in MS apps (Teams, Power BI, Whiteboard etc.), Matlab, Python, data science tools.
- Multilingual, preferably Spanish / Portuguese
- Postgraduate qualifications (CFA, CPA, FRM, PEng)
