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

The Ethane and Olefins market strategist is responsible for providing analysis of the North American ethane, olefins (ethylene, propylene) and olefins derivatives markets.

Analysis and work conducted by this role will identify trading opportunities in the ethane, olefins and olefins derivatives markets and support trading decisions made by the NGL and Global Light ends trading bench. This position will also provide analytical support to the NGL business unit's marketing and origination teams to deepen understanding and vet fundamental analysis used to support the NGL business unit's growth strategies.

Adept at developing partnerships across trading and analytics, the market strategist develops networks that stretch cross-geography and cross-commodity. They leverage the full suite of skills and capabilities that reside within our strong multidisciplinary analytics team, connecting data, analysis and insight.

Key Responsibilities

A successful candidate is able to challenge and influence risk deployment across the US NGL book. Building strong trust and partnership with traders by delivering innovative and accurate fundamental insights. Complex insights and market observations are able to be communicated with speed, impact and due regard to the inherent risks and uncertainties.

The role will include construction of various economic models to evaluate key factors that impact the petrochemical marketplace, both nationally and globally. This includes maintaining supply/demand and pricing models for ethane, ethylene, refinery-grade propylene (RGP), chemical-grade (CGP), polymer-grade propylene (PGP) and major petrochemicals derivatives.

This includes studying, analyzing and forecasting the important aspects of the ethane, ethylene, propylene and olefins derivatives trade, including cracking economics, manufacturing and freight costs, trade flows (i.e., imports and exports), trade routes, impact of regulatory changes, new technologies, storage, etc.

Essential Education, experience and requirements

• Professional and/or academic analytical background with knowledge of petroleum commodity markets that includes:
• Working knowledge of North American Petrochemical and NGL markets;
• Understanding of ethylene cracking and global markets for ethylene, propylene and their respective derivatives;
• Understanding of refining and petrochemical processes;
• Understanding of commodities price theory, including fundamental drivers of petroleum supply, demand, trade flows, prices and the mutual interaction of each.
• Commercial acumen
• Ability to review and analyze large amounts of data with a high level of attention to detail and problem solving attitude. Adept at formulating short and mid-term supply/demand forecasts and drawing relevant commercial insights for the business.
• Fundamental analysis – Strong analytical thinker able to organize large amounts of information in systematic ways. Intuitively understand crucial data/process/signals in fundamental analysis. Knowledge and application of economic principles and statistical analysis.
• Communication – Excellent written and verbal communication skills, having the talent to communicate complex analysis and forecasts clearly and effectively to traders, marketers and management.
• Technical – Proficiency with Excel, PowerPoint and preferably python and/or Dataiku.
• Compliance
• Strong sense of integrity, professional conduct and control and compliance awareness.

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

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, Continuous Learning, Data Analysis, Data cleansing and transformation, Data Management, Data Sourcing, Data visualization and interpretation, Dialogue enablement, Exposure Management, Machine Learning (ML), Macroeconomics, Market analysis methods, Market Risk Management, Sentiment and Trends, Statistics, Trade execution and management, Trading Fundamentals, Trading knowledge

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.