Regional Market Strategist - Lights

Entity:

Supply, Trading & Shipping

Job Family Group:

Supply & Trading Group

Job Description:

Embedded within the Oil Strategist team this front office role involves the production of analysis and insight for light ends markets in support of T&S trading and origination activity alongside day-to-day organization of the Global Light Ends (Glights) Market Strategist team.

The Market Strategist in the Global Light Ends trading bench is a pivotal role building out and maintaining fundamental balances for light ends and petrochemicals in the Eastern Hemisphere to provide trading teams with the information they need to develop and drive real time business decisions. Working closely with a regional team made up of two full time strategists in Shanghai, two in Singapore will be responsible for building out new tools and analysis, improving upon current infrastructure and tools and working to modernize the tools used to collect, analyse and present information to the trading teams. Additionally, the regional EH team leverages bp’s global reach working closely with multiple strategists in London and Houston the Glights EH Market Strategist to develop a market leading global view of market drivers and balances across the entire light end of the barrel (NGL, naphtha, gasoline, petrochemicals).

Key Accountabilities:

Support the continual development of analytics capability and infrastructure.
Monitor & quantify light ends oil market fundamentals and their relationship to price.
Develop / communicate market and price views to enhance commercial delivery.
Leverage information flow that comes from participation in physical and derivative markets.
Contribute to trading strategy: Conduct analysis of lights and product markets to help support/challenge trading Books positions. Develop new trading opportunities out of analysis and contribute to strategy discussion.
Work across the EH light ends team to support analysis of regional gasoline, naphtha, NGL and petrochemical markets with a focus and expertise developed around one of these commodities.
Actively promote the sharing of knowledge, data, ideas and insights.
Manage interface with regional commercial bench stakeholders.
Develop effective cross-discipline partnerships within TA&I to bring the best skill sets to problems.
Work closely with other relevant analytics disciplines to develop modelling infrastructure and improve/maintain balance infrastructure.
Ensure personal compliance with BP’s Code of Conduct and demonstrates strong leadership through BP’s Leadership Expectations and Values & Behaviours.

Experience and Job Requirements:

Professional and/or academic analytical background knowledge of global light end product markets, refining, traded oil instruments and wider energy economics.
Able to communicate key themes and messages clearly and succinctly.
Excellent problem-solving capability.
Strong attention to detail.
Modelling capability.
Able to prioritise under pressure.
Track record in the oil analytics industry within a commodity trading environment.
Strong analytical thinker able to organize large amounts of information in systematic ways and identify key issues and their implications.
Functional expertise developing quantitative analytics infrastructure and driving transformational change and continuous improvements in ways of working.
History of developing partnerships with stakeholders to deliver successful outcomes.

Desired:

Academic background; preferably in Economics, Mathematics, Engineering, Data Science or another quantitative background.

Understanding of refinery optimization, low carbon technologies/trends and their influence on future oil markets, distillate or crude markets
Knowledge of advanced statistics, econometrics, data science and AI.
Advanced knowledge of Python, Dataiku (or other DS platforms) and/or PowerBI.

Why join us?

At bp, we support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life! These benefits can include flexible working options, paid parental leave policy among others!

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Travel Requirement

Negligible travel should be expected with this role

Relocation Assistance:

Relocation may be negotiable for this role

Remote Type:

This position is a hybrid of office/remote working

Skills:

Agility core practices, Analytical Thinking, Computational Thinking, Continued Learning, Data Analysis, Data cleansing and transformation, Data Management, Data Sourcing, Data visualization and interpretation, Dialogue enablement, Exposure Management, Machine Learning, Macroeconomics, Market analysis methods, Market Risk Management, Statistics, Trade execution and management, Trading Fundamentals, Sentiment and Trends, Trading knowledge

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.