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Power Trader

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http://careers.bpglobal.com/TGnewUI/Search/home/HomeWithPreLoad?partnerid=25078&siteid=5012&PageType=JobDetails&jobid=139859 Job advertThe European Power (EP) business has a stated aim of building a well-balanced, tradable portfolio in power (6,000+ MW) across our targeted markets by 2025. The business strategy is underpinned and in support of bp’s ‘reinvent energy’ stated ambitions and aims. Today, the business transports, trades and monetizes its growing positions in line with its virtual utility strategy while looking to sustainably generate >$300m annually. The power trader role within the EP trading team is a key commercial position as the bench looks to continue to build out its power business within bp’s Trading & Shipping group. The role will report to the Power Trading Book Lead and is accountable for generating value trading and optimization income in the European energy markets with a keen focus on deploying fundamental and technical based trade strategies across power, fuels and carbon. In addition to their own discretionary trading activity, the individual will help to facilitate customer flow / originated activities.Key accountabilities:Develop proprietary trading strategies and deliver spec-based pnl through focus on continental Europe power, fuels and carbonAssist in driving more robust market insight and deployment of well-informed riskKey contributor in advancing fundamental and systematic trading strategies for the bench whilst working with partners internally and externally to advance our stated digital aspirations: i) Reimagining our trading processes through technology including automating everything and/or augmenting such processes to spend more time on value added analysis and trading strategies and ii) Aggressively pursuing more value from our data and deploying low risk technology to enhance our trading strategies and decision makingDrive increased diversity of quality of earnings across value trading and optimization activityProvide direction and support to Origination in developing and quoting structural opportunitiesActive engagement and ownership with regulatory teams relative to evolving carbon regulation and corresponding market implicationsManaging trading exposure within defined risk limits at all times (MVaR, position, vega etc.)Assist mid and back office personnel in resolving any checkout discrepancies between BP and the counterparties on the trader’s tradesMaintaining high ethical standards and complying with all market rules and regulationsPromote and support our “Speak Up” culture unconditionally and showing up in line with desired bench culture and BP’s values and behavioursEssential experience & job requirements:A track record of deep analytical thinking whilst realizing diverse trading results generating speculative income in the European energy marketsKnowledge of the key tools and instruments that can be used to place trading positions that reflect an individual’s or broader bench’s market callA deep knowledge of current and forward-looking fundamentals of the carbon market with a strong knowledge of offsets, technical and regulatory driversStrong technical ability (e.g. python) with demonstrated ability to organize various forms of data to inform and support optimal decision makingKnowledge of sources of relevant data for trading activity, how this can be managed, utilized and interpreted to understand positive and negative implications on the market and trading positions.Ability to handle and thrive in ambiguous environments and with transactions of increasing complexityStrong commitment to complianceSound one team behaviours with the ability to receive and provide respectful challengeExcellent knowledge/understanding of energy trading markets and trading instrumentsAttention to detail and ability to work within a very deadline orientated environmentThoroughly understands BP Policies, IST Compliance, the Code of Conduct and illustrates ability to escalate concerns relating to non-compliance#LI-RM2 Integrated Supply & Trading Job Family Group Supply & Trading Group No Negotiable Country United Kingdom About BP At bp, we’re reimagining energy for people and our planet. With operations around the world working across almost every part of the energy system, we are reinventing our business to help us reduce the carbon in our operations, grow new low carbon businesses and products, and actively advocate for progressive climate policies. We’re a diverse team of engineers, scientists, traders and business professionals determined to find ways to tackle some of the world’s biggest issues. But we know we can’t do it alone. So whether you’re at the start of your career, or a have few years under your belt, we are looking for people who share our passion for reinvention who can bring a fresh perspective, collaborative spirit, and challenge our thinking in our ambition to achieve net zero.

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London, England, London, EC2V, United Kingdom

  • Ad ID:  19154767
  • Ad Type:  Offered
  • Posted on:  09/02/2021, 02:57
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