Group Treasury Trade Operations Manager

As a leading global energy company, we provide heat, light and mobility to customers worldwide. Across the bp landscape, we’re home to a range of brands across many areas of our industry.  We’re investing in today’s energy system and helping build out tomorrow’s. So while we’re still in oil and gas, over the next decade we’ll become a different kind of energy company. We’re decarbonizing and diversifying our business, fundamentally transforming what we do so we can reach net zero by 2050 or sooner. We also have a strong mission to help the whole world reach net zero too – working across our industry to improve people’s lives. It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of Finance Business & Technology (FBT), you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the globe. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself and grow a long-term career at bp. And no matter where you work, your role will have meaning, purpose and impact. So if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you.Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better – and how you can play your part in our world-class team?Join our Team and advance your career as anGroup Treasury Trade Operations ManagerWithin FBT, the Group Treasury Operations and Liquidity Management team is leading a change in the way bp views, manages cash, and optimises short term / mid-term cash and long-term financing by leading liquidity processes and supporting Treasury leadership’s decision-making process.The Treasury Trade Operations Manager is a direct contributor to bp’s group treasury & liquidity operations objectives, driving process discipline by ensuring efficient and effective execution of back-office activities such as deal confirmations of treasury trades entered by the Financial Market Trading teams (FMT) who trade an average of $8bn of treasury flows a day.This role has complete oversight of the end-to-end treasury trade confirmations process prior to the cash being released/ received by the treasury settlements team.This role is accountable for managing the timely completion of treasury trades confirmations across all financial products being traded by the FMT teams on the FX and money markets.The Treasury Trade Operations Manager will manage, retain and develop a team of treasury confirmations analysts.The role will internally be facing our front office and middle office teams and externally facing our trading counterparties' banks as well as trading platform service providers. The role will lead on projects both process and systems oriented, driving solutions, strengthening the core controls framework across the treasury front/ middle and back-office teams and ensuring there is operational robustness in response to all the changes in people, process and systems which are currently ongoing.In This Role You Will (be)Managing the end-to-end Treasury Trade Operations activities while ensuring adherence to market obligations, to policies and procedures to deliver safe and compliant execution of treasury trades, operational excellence, and compliance to financial markets and internal bp requirements.Manage confirmation, settlement, and reconciliation of treasury transactions (FX, Money Markets, futures, swaps, bonds, etc.). Ensure timely resolution of trade discrepancies with trading counterparties and front office teams and resolve settlement failures.Manage Collaterals Service Agreements margins calculations and confirmationsPerform trade operations KPI review and incident management reporting and resolution with senior Treasury and FMT management teamsImplement new trading counterparties onboarding into bp treasury back-office processesLead testing plan where new activities implementation / products / new trading counterparties are onboardedKeep up to date with financial markets regulatory changes and take lead in implementing change within bp trade operations process.Lead the performance management, recruitment and development of a team of treasury trade operations analystsActively participate in Group Treasury Digital Strategy and other treasury & banking activities across the globe.Lead and influence the strategic delivery of Group Treasury Operations whilst serving all treasury trading benches and optimizing FBT locations and capabilities.Prepare and present proposals on the direction recommended to achieve short-term objectives of the team Redesign or develop new processes in order to achieve process improvement.What You Will Need To Be SuccessfulBachelor’s Degree (preferably in Finance, Economics, Engineering, Data Science, or another quantitative background) or equivalent experience may be consideredStrong experience in Corporate Treasury functions with treasury tradingStrong experience of financial instruments used by corporate treasury functions (e.g. Swaps, Forwards, Commercial paper, etc..)Experience of WallStreet FX as a Treasury Management System.Understanding of in-house banking model and in-house cash pooling models.Experience in operational process improvementExperience working with Technology to develop data analytics and automation solutions.Must have knowledge about wide range business operations and connections of Treasury Operation related IT systems.Strong English language knowledge; other European languages may be an advantageAt bp, we provide the following environment & benefits to you:Different bonus opportunities based on performance, wide range of cafeteria elementsLife & health insurance, medical care packageFlexible working schedule: home office up to 2 days / week, based on team agreementOpportunity to build up long term career path and develop your skills with wide range of learning optionsFamily friendly workplace e.g.: Extended parental leave, Mother-baby roomEmployees’ wellbeing programs e.g.: Employee Assistance Program, Company Recognition ProgramPossibility to join our social communities and networksChill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices e.g.: Play Zones, Office massage, Sport and music equipmentbp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC's annual employer research. Come and join us!We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform crucial job functions, and receive other benefits and privileges of employment.