Entity:

Supply, Trading & Shipping

Job Family Group:

Supply & Trading Group

Job Description:

This Intermediate Power Trader role is a key commercial position as the bench looks to continue to build out its power business within bp’s Trading & Shipping group. You will report to the Head of Trading APAC Power and Carbon and is accountable for generating value trading and optimisation income in the Australian power markets, with a keen focus on deploying fundamental and technical based trade strategies across power swaps, options and caps. In addition to your own discretionary trading activity, you will help to facilitate customer flow/originated activities and advise on hedging strategies as well as provide creative solutions to risk handle exposures. The right candidate will be eager for commercial success, be looking to grow and develop a business and in time move from an intermediate to a senior level role within the trading team.

Key Accountabilities

• Develop proprietary trading strategies and deliver spec based PnL through focus on Australian power with a remit to cover from spot to 3 year tenor.

• Drive robust market insight and deployment of well-informed risk

• Catalyst in advancing fundamental and detailed trading strategies for the bench whilst working with partners internally and externally to advance our stated digital aspirations:

  • Reimagining our trading processes through technology including automation and/or augmenting such processes to spend more time on valuable analysis and trading strategies

  • Purposefully pursuing more value from our data and deploying low risk technology to improve our strategies and decision making

• Drive increased diversity of quality of earnings across value trading and optimisation activity

• Provide direction and support to Origination in developing and quoting structural opportunities

• Handle own trading exposure within defined risk limits (MVaR, position, greeks etc.)

• Assist mid and back office personnel in resolving any checkout discrepancies between bp and counterparties on the Trader’s trades

• Maintaining high ethical standards and following all market rules and regulations

• Promote and support our “Speak Up” culture unconditionally and showing up in line with desired bench culture and bp’s values and behaviours

Essential Experience and Job Requirements

• A track record of deep analytical thinking whilst realising diverse trading results generating speculative income in energy markets.

• Specific experience and knowledge in the Australian power space with a keen focus and understanding of fundamental drivers, constraints, participant behaviours

• 3+ years power trading experience with a commercial/value driven focus

• Knowledge of the key tools and instruments that can be used to place trading positions that reflect an individual’s or broader bench’s market call.

• Strong understanding of options pricing and implementation in trading strategies.

• Strong technical ability (e.g. python) with validated ability to coordinate various forms of data to advise and support efficient decision making.

• Knowledge of sources of relevant data for trading activity, how this can be handled, utilised 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 growing complexity.

• Strong dedication to compliance.

• Team mentality with the ability to receive and provide encouraging challenge.

• Excellent knowledge/understanding of energy trading markets and trading instruments.

• Attention to detail and ability to work within a timeframe orientated environment

​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

Some travel may be required with this role, this is negotiable

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 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.