Entity:

Supply, Trading & Shipping

Job Family Group:

Supply & Trading Group

Job Description:

About Us

Our purpose is to bring together people, energy and markets to power and navigate a changing world. In a time of constant change and possibility we need new talent to pursue commercial opportunities, fueled by world-class insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too. Together we continue to grow as the world’s leading energy company!

About the role

Within BP’s Trading and Shipping Division, and a part of the Refined Products Trading business, the Global Distillates (GDIST) trades all products from the middle and bottom of the barrel, in all geographies. A large, global business, it is active in trading, marketing, origination, and above all support to the wider BP Group and its assets.

GDIST has traders in London, Singapore and Chicago with representatives in regional offices in areas such as Rotterdam, South Africa, Middle East, Brazil, Colombia, Indonesia, China, Japan, Angola, Ghana and Nigeria. GDIST is now looking to recruit a Paper Trader with Options experience to join the Americas GDIST Trading Bench.

The successful candidate will report to the Distillates Paper Book Leader as an employee of ST&S in a front line trading role, with accountabilities and DOA to support the day to day paper trading activity of the book. The candidate will work in close collaboration with other GDIST traders, Originators and Marketers as well as other relevant stakeholders.
 

At all times the successful applicant(s) will be required to be compliant with BP’s trading guidelines,

Key Responsibilities

The successful applicant(s) will be placed in a front-line trading role working under the guidance of the Distillate Paper Book Leader. The successful candidate will be responsible for:

• The execution of paper trading strategies in options and other derivative products in the best interest of GDIST;
• Hedging of physical book positions on behalf of the relevant traders within the team;
• Identification, development, implementation and execution of stand alone speculative trades across a wide variety of trading instruments;
• Development and implement systematic trading strategies to generate entrepreneurial value from volatility, market movements, or to hedge physical risk.
• Utilize advanced mathematical models to determine fair value,
• Establishing and building a network of 3rd party relationships across brokers and market participants.
• Monitor and adjust options positions (Greeks) in real-time to manage risk.
• Working with our Downstream partners to monetize our Assets
• Participation in GDIST strategic discussions

Essential Education, requirements and experience

• Degree in Finance, Economics, Mathematics, or a related field
• Successful completion of ST&S's assessed trader’s course (ATC) with a “Recommend” result
• Experienced paper trader with proven track record in trading commodity options and derivative products
• Proficiency in financial modelling, data analysis tools, and options pricing engines.
• Deep understanding of commodities markets, market mechanics, and volatility surface analysis
• Self motivated and driven individual;
• Commercially astute with negotiation skills
• Resilient when under pressure
• Team player and excellent interpersonal skills
• Inquisitive and able to work independently
• Strong analytical and problem solving skills
• Outstanding attention to detail
• Strong relationship building skills

Highly Desired Skills;

• Cross regional experience
• Knowledge of products specification
• Knowledge of refining and products blending and products
• Control and compliance familiarity in a trading environment

How much do we pay (Base)? 123,000 - 228,000 USD Annually

• Note that the pay range listed for this position is a genuinely expected and reasonable estimate of the range of possible base compensation at the time of posting.

This position is eligible for US Benefits – Core. This position offers paid vacation depending on your years of relevant industry experience and will range from 120 – 240 hours of vacation per year for full time employees. You will also be eligible for 9 paid holidays per year and 2 personal choice holidays. You may learn more about how we calculate paid vacation and view our generous vacation and holiday schedules at Core U.S. Benefits . Bp has a parental leave policy as well, which offers up to 8 weeks’ paid leave for the birth or adoption of a child.

We offer a reward package to enable your work to fit with your life. These offerings include a discretionary annual bonus program, long-term incentive program, and generous retirement benefits that include a 401k matching program. These benefits include a pension for eligible employee.

As part of bp’s wellbeing package, bp offers access to health, vision, and dental insurance, as well as life and Short-Term Disability and Long-Term Disability.

Why join bp:

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 encouraging 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, a generous paid parental leave policy, and excellent retirement benefits, among others!

Travel Requirement

Up to 10% travel should be expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Agreements and negotiations, Analytical Thinking, Business Acumen, Commercial Business Development, Continuous Learning, Customer promise execution, Customer service delivery excellence, Deal modelling and valuation, Developing and implementing strategy, Influencing, Internal alignment, Listening, Loyalty Management, Marketing strategy and programmes, Negotiating value, Negotiation planning and preparation, Partner relationship management, Presenting, Sentiment and Trends, Thought Leadership, Trade discipline and compliance, Trading Fundamentals, Trading knowledge, Writing skills

Legal Disclaimer:

We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, 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.