Bench Market Analyst

Job description

Segment

Integrated Supply & Trading
Role synopsis

This front office market analyst role will involve working with IST traders and BP Shipping to understand freight markets. Sitting within IST trading analytics the role will also have a dotted line into BP shipping (BPS).

Liaising with various stakeholders across BP and external consultants the analyst will collate and analyse market information, working closely with IST traders to drive successful trading strategy and BP shipping to optimise commercial performance. The goal of IST market analytics is to identify changes in supply and demand fundamentals and communicate the likely impact on price action to the trading benches in a timely fashion, helping drive continued growth in trading profits.

The successful applicant will leverage existing analysis of oil market fundamentals and develop analysis of freight supply, to underpin a freight market call. Detailed analysis of fundamental factors driving rates on specific routes, as well as more holistic analysis of freight markets in both the short and long term will be required. The analyst will be expected to generate original analysis and articulate views on price impact across different paper and physical trading instruments in freight and oil. The role will also support BP shipping in ad-hoc analytical requests and spot & time charter optimisation.

Req ID

76315BR
Location

United Kingdom - South East - London
Is this a part time position?

No
Relocation available

No
Travel required

Negligible travel
Key accountabilities

·  Act as subject matter expert for freight market fundamentals & analysis
·  Collaborate effectively with wide range of stakeholders including traders, IST bench analysts, cross bench analysts, BPS charterers & wider BPS teams to share relevant information & capture synergies
·  Lead analysis of fundamental freight market drivers, communicating a freight view that influences commercial decisions
·  Work with traders and analysts to understand impact of freight on other physical and paper instruments traded within IST.
·  Work to build robust regional/global supply & demand models, capturing relevant crude & product fundamentals from wider analytics community and liaising with BPS on supply side assumptions
·  Develop portfolio of analytical tools to support BPS
·  Assist in development of tools and systems related to vessel movement and trade flow analysis
·  Work with BPS spot charterers to support forward freight calls and term deal assessment and TC requests
·  Support BPS LT with occasional requests for market overview & specific analytics
·  Assist in development of forward chartering assumption sets
·  Participate in monthly Chartering Performance Review and weekly market analysis meetings
·  Continually solicit requests for ad hoc analysis
Essential Education

Strong academic background; preferably in Economics or quantitative discipline
Desirable criteria and qualifications

•Strong academic background with emphasis on quantitative subjects
•Strong statistical/econometric skillset
•Experience with big data analysis and/or machine learning
•Experience working with geospatial data

About BP

Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. With a workforce of 80,000 employees, BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.

Integrated Supply & Trading (IST) is BP's face to the traded markets for BP in oil, gas, power, chemicals and finance. IST's role is to enhance Group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control and compliance infrastructure. IST has a dynamic and highly skilled workforce, which creates value by combining analysis and commercial innovation with the material asset base of BP.

IST Global Oil Europe (GOE), a Business Unit of IST Global Oil, serves three primary purposes. First and foremost, it provides a trading and execution service to BP's assets in Europe and Africa. This includes assisting equity marketing, crude supply, product import/export, and price risk management. Secondly, Global Oil Europe seeks to make use of its skills, global connectivity and market insight to generate entrepreneurial trading income. Thirdly, Global Oil Europe is accountable for ensuring a robust compliance and trading infrastructure, including systems and controls.

IST fosters a diverse and inclusive workplace for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.
Application close date

27-Dec-2016
Sub-category

Front Office Analytics
Job category

Trading Analytics
Countries (State/Region)

United Kingdom - South East

Desired profile

Essential experience and job requirements

•Professional analytical background
•Strong understanding of economic theory
•Understanding of drivers of freight market fundamentals – supply, demand
•Modelling experience
•Strong Excel skills
•Desire to learn
•Knowledge of trading instruments
•Interest in financial markets and understanding of economics and drivers of price

Other Requirements (eg Travel, Location)

There are no additional requirements.