Credit Research

Entity:
Finance
Job Family Group:
Finance Group
Job Description:
The Credit Research and Underwriting Analyst for Supply Trading & Shipping (ST&S) supports the development of fundamental credit views and analysis in support of ST&S’ commercial and credit portfolio management activities, including counterparty-specific credit ratings and reviews.
The role holder will provide analysis and recommendations to inform credit limit decisions, partnering closely with local and global credit staff and Front Office teams in support of business activity. The Credit Research and Underwriting Analyst will work with credit research colleagues across regions to support a consistent underwriting approach, contribute to industry or portfolio-level risk reviews, and monitor geopolitical and sector-specific developments that may impact the counterparty portfolio.
The role reports to the Senior Manager, Global Credit Research based in London, and works closely with Global Credit Research colleagues, including team members in Kuala Lumpur.
Key Accountabilities:
Specific accountabilities will include but not be limited to the following:
Analyse counterparties and assign credit ratings across your own coverage portfolio, taking into consideration evaluation of financial documents, industry knowledge and expertise and relevant qualitative factors – including the proficient analysis of counterparties in complex industries, with complex organizational or ownership dynamics or experiencing financial stress/distress.
Prepare credit limit and tenor recommendations for trading counterparties, supported by clear rationale and analysis for review and approval within delegated authority frameworks.
Support deal teams by providing timely credit analysis and input to help inform risk appetite discussions.
Identify and call out emerging portfolio trends that may warrant further review, intervention, or underwriting adjustments.
Monitor emerging news and events that may impact the coverage universe, communicating observations and analysis in a timely manner.
Maintain counterparty ratings and reference data accurately and timely.
Maintain strong, constructive working relationships and open lines of communication with local and global credit staff within bp and with key contacts within counterparty universe.
Support the integration of third-party information sources and AI-enabled analysis tools to improve efficiency within the wider GCR organisation.
Key Requirements:
Master’s and/or bachelor’s degree required, preferably in Finance or Accounting
Prior experience in credit research, including multiple industry sectors and geographies and both investment grade and high-yield credits, with knowledge of commodity trading, preferably in energy and derivative products
Ability to work effectively in line with bp’s values and expectations, demonstrating collaboration, accountability and sound judgement in day-to-day delivery.
A passion for the role and a steadfast commitment to excellence, including exceptional attention to detail and rigorous and timely follow-through on all role accountabilities.
Fluency with respect to financial modelling and credit rating best practice, including key drivers of financial strength and key financial vulnerabilities across multiple sectors, including sovereigns.
Ability to work independently, including under time-sensitive and ambiguous circumstances, and to clearly communicate analysis and recommendations based on available information.
Great teammate with excellent interpersonal skills and a comfort level in working effectively with people at various organizational levels within BP.
Understanding of geopolitical events and sector risk, with the ability to assess potential impacts on counterparties and call out relevant observations.
Desirable Experience & Qualifications:
Experience in credit research, including work-out / distressed asset experience.
Credit research coverage/experience across globe.
Proficiency in MS apps
Postgraduate, professional designations desirable (MBA, CFA, CPA, FRM, PEng)
Must be willing to work on UK shift (c. 2pm – 11pm)
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 meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, paid parental leave policy 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 other benefits and privileges of employment. Please contact us to request.
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:
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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.