Crude Market Analyst

Job description

Segment

Integrated Supply & Trading
Role synopsis

Integrated Supply & Trading (IST) is an organization which brings together a world-class trading team comprising the trading activities of BP in the Oil, Gas, Power, Chemicals, Finance and Shipping markets. IST has a distinct capability through its people - their skills and know-how, risk management approach, & systems and controls processes. It creates value for BP by combining those capabilities with the dynamic and material asset base of BP. IST is a global business with key locations in North America, Europe, Middle East, Africa, Asia, and Australasia.

Market Analysis is undertaken within the Trading arm of IST and is an important enabler of both prompt commercial delivery and long-term growth for IST. Analysts leverage critical thinking, quantitative skills, a collaborative spirit, and commercial drive to surface opportunities for BP in partnership with the traders.

We require one Chicago-based analyst for the Global Crude Trading business. The candidate will work closely with IST market-facing traders to drive successful trading activity & longer-term strategy through fundamentals assessments and other quantitative analytics. As part of a professional analytics organization, he/she will collaborate globally with a team of 6 crude analysts located in Chicago, London, and Singapore, locally with a cross-commodity team of 14 Chicago-based analysts, and vertically with experts from both the BP E&P and Refining businesses.

Req ID

80945BR
Location

United States - Illinois - Chicago
Is this a part time position?

No
Relocation available

Negotiable
Travel required

Negligible travel
Key accountabilities

·  Assist the Global Lead Crude Oil Analyst to update and manage the extensive North American Crude Analytics Suite
·  Continue to add value and build upon the North American Crude Oil balances, pricing models, ship tracking and pipeline balancing models
·  Gather, manage and understand key government, external and internal data on a timely basis and bring information together to enhance IST's fundamental supply/demand knowledge
·  Support traders with ad-hoc requests on a timely basis, often handling multiple requests at the same time
·  Managing and continuing to develop up to 30 micro balances across the North American crude markets while communicating insights and trading recommendations
·  Contributing to the development of trading tools and streamlining processes for higher productivity and efficiency around the crude market analysis
Essential Education

Bachelor's degree, preferably in engineering, economics, finance, or petroleum-process.
Desirable criteria and qualifications

NA
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 Oil Americas handles the supply and trading activities for BP's Oil and Chemical businesses in the Americas. The business unit and majority of our 800+ staff are headquartered in downtown Chicago, IL, with a material presence in offices in La Palma, CA; Houston, TX; Calgary, Canada. Our teams work closely with the BP business units in Refining and Marketing and Exploration and Production.

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

30-May-2017
Sub-category

Front Office Analytics
Job category

Trading Analytics
Countries (State/Region)

United States - Illinois
Disclaimer

If you are selected for a position in the United States, your employment will be contingent upon submission to and successful completion of a post-offer/pre-placement drug test (and alcohol screening/medical examination if required by the role) as well as pre-placement verification of the information and qualifications provided during the selection process. The drug screen requires a hair test for which BP must be able to obtain a sufficient hair sample for analysis (~4 cm/1 ½” scalp, or > 2 cm/¾” body – arms & armpits/legs/chest).

BP is an equal employment opportunity and affirmative action employer. View our
policy statement .

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.

If you are a US-based applicant or you are applying to a position in the US and you are an individual with disability or a disabled veteran, and would like any type of assistance to apply or to access or to attend any recruitment or selection event, system or process, we would like to help you to ensure that your application process goes as smoothly as possible. If you need assistance, information, or answers to your questions, and you are an individual with disability or a disabled veteran, feel free to contact us or have any of your representatives contact us at BP US Application Assistance
,Telephone: 281.366.1999.

Read theEqual Employment Opportunity is the Law poster and the
poster supplement - for more information about Equal Employment Opportunities. (Spanish version )

An equal opportunity employer/disability/vet.

Desired profile

Essential experience and job requirements

·  Strong understanding of the Canadian crude oil market, Cushing, Permian basin and U.S. Gulf Coast Markets
·  Passion for analytics, strategy and business development
·  Commercial acumen - front-office oriented with ability to provide valuable insights for trading opportunities
·  Ability to manage competing priorities
·  Ability to direct / manage one's own work and prioritize
·  Team player – ability to take and welcome direction and requests from both Calgary and Chicago
·  Global thinker – not getting lost in the details and be able to understand macro picture and consensus
·  Ability to build short and medium-term supply/demand balances for trading
·  Hard worker, high mental stamina, extremely strong attention to detail and ability to filter out valuable information vs. invaluable
·  Strong technical abilities – knowledge of VBA, par excellence Excel skills, MS Access, etc
Other Requirements (eg Travel, Location)

There are no additional requirements. Please respond with N/A below.
Eligibility Requirements

If you are applying for a position in the United States, you must be at least 18 years of age, legally authorized to work in the United States; and not require sponsorship for employment visa status (e.g., TN, H1B status), now or in the future.