Gasoline Trading Analyst

Job description

Segment

Integrated Supply & Trading
Role synopsis

The trading analyst role will be a key position supporting the Amsterdam Blending book and the European Gasoline paper trading book in the GLights bench. The role will be focussed on supporting the day to day trading activities and exposure management for the books ensuring delivery of key performance targets. GLights is IST's global lightends and chemicals trading book. GLights operates a global trading book model and trades Gasoline, Naphtha, Ethanol and Chemicals globally around our assets and third party relationships. In addition to London, GLights has traders in Singapore, Chicago and Calgary with representatives in regional offices in areas such as Moscow, the Middle East, Indonesia and Latin America. The GLights team in London covers lightends trading in North West Europe, Med, FSU, as well as participating fully in global arbitrage opportunities with the other lightends locations.
Req ID

77751BR
Location

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

No
Relocation available

No
Travel required

Negligible travel
Key accountabilities

The role will specifically have the following focus:

·  Daily management of the Gasoline and paper trading exposure for the European Lightends trading bench
·  Production of exposure reports daily, cross reference and reconcile trader blotter, accept and clear any outstanding deals in trading system
·  Manage the daily live P&L spreadsheet and perform deal entry in trading system on behalf of traders
·  Work closely with operators and inventory team to maintain accurate physical exposure and strategies
·  Support management of daily pricing and hedging exposure
·  Daily book balancing and internal chain control and administration
·  Coordination with mid office on exposure, performance reporting and associated administration issues.
·  Be familiar with the book's trading strategies and understand associated P&L
·  Ad hoc analytical support for traders on deal performance
·  Provide cover for key operational activities on the book where needed
·  Complete all required training and ensure all activities are compliant with relevant laws and regulations, including internal processes and standards, and understand the importance of being compliant
·  Maintain constructive and productive relationships with internal and external business partners
Essential Education

A-level, Degree level or equivalent
Desirable criteria and qualifications

·  Gasoline product knowledge
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

06-Feb-2017
Sub-category

Front Office Analytics
Job category

Trading Analytics
Countries (State/Region)

United Kingdom - South East

Desired profile

Essential experience and job requirements

·  Experience working in a trading environment or energy company
·  Highly numerical
·  Strong analytical skills
·  Strong attention to details, problem solving skills and ability to prioritize and effectively manage operational as well as strategic deliverables
·  Self-starter, able to succeed in a challenging, commercial environment with limited supervision
·  Track record of seamless and timely execution of core deliverables/day to day accountabilities
·  Highly analytical mind-set, able to identify and simplify key insights
·  Strong capability in engaging and building partnerships with commercial and functional teams in the business
·  Strong project management skills to help manage and deliver key initiatives for the trading book
·  Ability to communicate persuasively with traders and key functions in oral and written communications
·  Oil/Gas product knowledge
·  Strong Excel skills and experience of using them in support of complex analysis
·  Experience of processing large volumes of complex information quickly in a demanding and pressurised environment, with excellent attention to detail
Other Requirements (eg Travel, Location)

There are no additional requirements.