LPG Trader

Job description

Segment

Integrated Supply & Trading
Role synopsis

A physical and paper trader in the Global LPG (propane/butane) book, part of the wider GNGL team.
Req ID

73592BR
Location

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

No
Relocation available

No
Travel required

Yes - up to 25%
Key accountabilities

•Help manage the LPG waterborne trading strategy and positions in the Atlantic Basin (Europe, Med, WAF, USGC, Latam) and the Eastern Hemisphere (AG, JKT, SE Asia, Australia), in cooperation with the EH team
•Interact with US NGL team around the global strategy and the management of US exports/imports
•Work with rest of the team in other regions, with other teams (Naphtha, LNG,…) and market analytics staff to develop and validate key strategies to monetize strategic views
•Develop and maintain relationships with trading counterparts, leading to the conclusion of term longs and shorts and feeding into the Business Development team's strategy.
•Meet PNL objectives while complying with all relevant BP policies, as well as, legal and regulatory requirements.
•Work closely with refineries, BP Exploration and supply teams to ensure competitive and reliable supply/sales
•Accurately enter trades and ensure accuracy of overall position, PNL, and risk metrics.
•Post and validate forward price curves where necessary.
Supervise or cover for other team members when required.

Essential Education

Degree Qualified

Desirable criteria and qualifications

- Strong bias for action.
- Team player
- Strong at building relationships.
- Demonstrated drive.
- Ability to work in a team and well developed inter-personal skills.
- Ability to work under pressure (both time pressure and market volatilities).
- Strong numeracy skills and commercial mindset.
- Attention to detail.

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

25-Oct-2016
Sub-category

Asset & Product Trading
Job category

Trading
Countries (State/Region)

United Kingdom - South East

Desired profile

Essential experience and job requirements

•Previous experience in trading is a pre-requisite, along with detailed understanding of refinery, shipping and petchem operations
•Previous experience in LPG or naphtha trading/operations as an asset.
•The successful candidate must be able to manage a book, create strategy, and communicate trade ideas to high-level management.
•Ability to gather, use and maximize a wide-range of data, information, consulting and forecasting services.
•Demonstrated drive and team player - Proactive in achieving results and are able to build solid working relationships with front, middle and back offices.
•Excellent relationship management capabilities and are able to drive a team and mentor a staff.
•Have a strong business acumen coupled with entrepreneurial flair and energy. Ability to work under pressure.

Other Requirements (eg Travel, Location)

N/A