The jobholder will develop and maintain a view of the Group’s exposure to commodity price movements. He / she will also provide assurance and support on the modeling of asset and contract valuation and risk exposure in the trading areas. Key Accountabilities:- • Produce and maintain a model of the commodity exposure of BG Group as a whole;
• Provide modelling capability on portfolio optionality in specific areas as they arise (e.g. LNG arbitrage, storage);
• Provide expert advice on the application of statistical techniques;
• Provide independent assessment of modelling techniques used in BG in support of decision making in the trading and trading risk areas. Every individual has a duty to both themselves and those around them to ensure that safe practice is adhered to at all times. In addition to any specific accountabilities for HSSE, all employees are accountable for ensuring that they take care of themselves and adopt exemplary safe behaviours. The above accountabilities outline a BG D role. There is scope for the role to be graded BG C for a candidate who could extend the accountabilities to include Group leadership on analytical techniques in trading and risk management, identifying shortfalls in current practice and building Group capabilities to meet the need.
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Required Skills/Experience:
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Knowledge of competitive market dynamics; Skilled in mathematical modelling and statistical techniques, backed by appropriate qualifications; Understanding of commodity price risk management and valuation of flexible assets; Understanding of upstream economics; Good research ability; Clear reporting capability; Good networking and ability to provide support and challenge effectively within a working relationship.
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Desired Skills/Experience:
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Experience of modelling assets or contracts whose value depends on uncertainty in underlying prices (e.g. storage or options, using techniques such as Monte Carlo simulations or probability distributions); Familiarity with traded markets, trading risk management (including Value at Risk) and the use of storage, pipeline and LNG assets; Familiarity with upstream economics, being able to interpret effect of PSCs, royalties, taxes, and depreciation in identifying commodity price exposure; Experience of markets outside the UK would be an advantage.
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