Bench Market Analyst - Distillates

Job description

Role synopsis

Role synopsis This front office market analyst role involves working as part of the European and Global middle distillate trading benches.

Utilising a wide range of data/information sources and analytical methods the analyst will work closely with IST traders to drive successful trading strategy. One of the core elements of IST Global Oil 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. You will be engaged in monitoring European and Global middle distillate fundamentals to forecast price. Analysis will cover the Global Economy and impact on distillate demand, refinery optimisation and impact on distillate supply, trade flows and drivers of speculative flows into the commodity complex. The candidate will also be involved in longer term Analytics projects, which aim to give BP greater insight into cross commodity linkages, supporting strategy workstreams.

Req ID

82069BR
Location

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

No
Relocation available

No
Travel required

Yes - up to 10%
Key accountabilities

- Forecast European and Global oil demand and supply using different methods, including but not limited to, econometric modelling and data science approaches.

- Drive useful and insightful analysis across trading

BOOKS, HIGHLIGHTING POSITION RISK AND CONTRIBUTING TO TRADING STRATEGY
- Work closely with traders, originators and analysts within the regions to share knowledge and meet common objectives

- Model and communicate linkages between markets such as crude and products and how these linkages change over time

- Identify and test opportunities for analysis that will support the commodity lines in the region

- Support development of the Analytics infrastructure

- Build and implement models and tools

- Continually solicit requests for ad hoc analysis

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

12-Nov-2017
Sub-category

Front Office Analytics
Job category

Trading Analytics
Countries (State/Region)

United Kingdom - South East
Essential experience and job requirements

Strong professional and/or academic analytical background

•Forecast modelling experience
•Strong Excel skills
•Desire to learn
•Excellent problem solving capability
•Interest in financial markets and understanding of economics and drivers of prices

Other Requirements (eg Travel, Location)

N/A

Desired profile

Essential Education

- Academic background; preferably in Finance, Economics, Engineering, Data Science or another quantitative background

Desirable criteria and qualifications

•Understanding of the Global oil market and commodity asset flows.
•Understanding of the downstream oil sector, refinery processes and economics
•Knowledge of trading instruments
•Experience of working in Python
•Knowledge of data science and machine learning