Entity:

Supply, Trading & Shipping

Job Family Group:

Supply & Trading Group:

Job Description:

Team Synopsis

Global Distillates Trading and Origination (GDIST) is part of the T&S Refined Products Trading Organization. It trades Base Oil, Fuel Oil, Gasoil, Diesel, Biofuels and Jet Fuel globally around our assets and third-party relationships in sectors that include Aviation, Marine, Ground Fuels & Lubricants. As a business we have traders in London, Singapore and Chicago with representatives in regional offices in areas such as the Middle East, Australia, Indonesia, China, Nigeria, Ghana, South Africa and Russia.

Role Summary

This position based in our London office will be primarily focused on entrepreneurial trading in both physical and financial markets for crude, distillate and fuel oil across the UK for BP Oil International trading business. Market traders are responsible for representing BP in the commodity and financial markets. The GDIST trader will initiate and complete trading strategies based on current economic, political, and financial conditions to deliver the financial plan of the book. It is the goal of GDIST and Refined Products Trading Europe to be the most respected energy trader. This role would have a focus on Sub Saharan Africa (SSA) and its interlinkages with East Coast Latam.

Key Accountabilities

• Be responsible for a portion of the Distillate Options risk/exposure across various underlying financial instruments • Consistently generate fundamentally based and well thought out trading ideas in the Hydrocarbon markets • Keep informed of the relevant regulatory environment to ensure trading remains fully compliant and to find opportunities to extract incremental value • Demonstrate a high level of attention to detail on trade entry and position management • Development and maintain 3rd party relationships with particular focus in SSA • Working with Regional sub offices (RSO) in SSA and South America to develop bp’s capabilities and value generation over the long term • Contribute to the strategic vision on how to build and sustainably grow the Distillate book globally • Actively contribute/participate to the global Distillate market fundamental view

Essential Experience and Job Requirements

• Previous commodity trading experience • Demonstrated ability to build networks & influence others • Experience in handling counterparty and customer relationships in SSA or Latin America • Detailed knowledge of the Distillate supply & trading industry • Ability to think creatively and adapt to a changing environment • Strong analytical skills, commercial mentality and attention to detail.
• Knowledge of regulatory framework, fundamental balances and quality parameters for Distillate globally • Strong bias for action • Ability to deliver results under pressure (both time pressure and market volatilities) • Knowledge of the BP new deal assurance process, including legal, compliance, regulatory reporting and financial reporting processes.
• Knowledge of BP’s deal entry and exposure management systems • Knowledge in understanding of BP Assets, key customers and how we optimise supply

Essential Education

Successful completion of T&S's assessed trader’s course (ATC) with a Recommended outcome, successful completion of bp’s CSP and/or have previous commodity trading experience.

Why join us?

At bp, we support our people to grow in a diverse and exciting environment. We believe that our team is strengthened by diversity.

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, excellent retirement benefits, 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

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, Commercial Acumen, Commercial Business Development, Consultative selling skills, Continued Learning, Customer promise execution, Customer service delivery excellence, Deal modelling and valuation, Developing and implementing strategy, Influencing, Internal alignment, Joint Venture Structuring, Listening, Loyalty Management, Marketing strategy and programmes, Negotiating value, Negotiation planning and preparation, Partner relationship management, Presenting, Thought Leadership, Trade discipline and compliance, Trading Fundamentals, Sentiment and Trends, 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.