European Power Market Analyst

Job description

Segment

Integrated Supply & Trading
Role synopsis

The Market Analysis team is primarily responsible for providing analysis of European Gas and Power and Global LNG markets to the trading and origination teams within International Gas and the wider IST organization. Analysis performed by the team provides commercial value by keeping traders, originators, and management informed of underlying fundamental views that affect the markets.

The role involves being a key player in further developing our European modelling capability which underpins our analysis and forecasting service. This will involve developing quantitative models (fundamental and/or econometric) and processing and analysing large quantities of data to identify the key drivers for prices at the key European hubs.

Applicants should be able to develop supply/demand outlooks and/or other analytical tools surrounding European energy markets

Req ID

77873BR
Location

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

No
Relocation available

No
Travel required

Negligible travel
Key accountabilities

·  Building and developing European power market stack models for key countries in conjunction with the Lead Power Analyst
·  Providing clear market analysis and trading strategies to the Power desk
·  Challenging and validating modelling approaches via back-testing
·  Working in collaboration with European gas, Emissions and LNG teams to ensure consistent and robust outlook across the benches
·  Seeking and delivering continuous improvement and innovation in analytical approaches and methodologies.
·  Contributing to the execution of BP's European Power origination strategy
·  Providing country specific insight to the trading and originations team.
·  Presenting fundamental views in weekly fundamentals meeting, as well as daily with traders
·  Liaising with Long Term analytics teams to share short term view, and also incorporate long term view within shorter term forecasts.
·  Providing ad hoc support the trading team, originations team and the wider BP group.
Essential Education

·  Hold a Degree in a quantitative, statistical, mathematical, engineering or similar discipline
Desirable criteria and qualifications

·  Knowledge of power markets and fundamental drivers
·  Demonstrable history of continually improving technical processes, models and systems
·  Knowledge of EU and UK power regulation and policies
·  Adept at working with large, as well as incomplete, datasets.
·  Confident at presenting in front of a diverse audience.
·  Understanding of statistics and modelling is highly regarded
·  Knowledgeable about other energy commodity markets, such as emissions, coal and gas
·  Experience working as a market analyst or similar role.
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. 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 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

02-Mar-2017
Sub-category

Front Office Analytics
Job category

Trading Analytics
Countries (State/Region)

United Kingdom - South East

Desired profile

Essential experience and job requirements

·  Proficient with excel and VBA, (python and SQL notions desirable)
·  Independent thinker; creative in finding alternative solutions
·  Diligent, responsible and reliable
·  Practical and pragmatic in approach
·  Must have highly-developed attention to detail
·  Proactive approach to delivering results; able to deal with conflict and field critical questioning
·  Excellent IT and data analysis skills
·  Experience in quantitative modelling skills including working with large and incomplete data.
·  Ability and desire to work in a fast-paced, dynamic trading environment.
·  Commercial focus and applications of modelling to markets is essential
Other Requirements (eg Travel, Location)

There are no additional requirements.