Entity:

Supply, Trading & Shipping

Job Family Group:

Supply & Trading Group

Job Description:

Role Purpose

The Senior Ethanol Trader will be responsible for the commercial management and trading of ethanol produced by bp’s 11 owned mills in Brazil, while also leading third-party origination and domestic and international trading activities, including proprietary trading, exports and imports.

This role sits at the core of bp bioenergy’s ethanol trading platform, requiring strong market insight, risk management rigor, and close integration with logistics, analytics, and the sugar trading team.

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Key Accountabilities

• Commercialization of bp ethanol production

• Lead the sale of ethanol volumes produced by bp’s 11 owned mills.

• Optimize sales channels between domestic market, exports, hedging, and alternative outlets.

• Develop and implement pricing strategies aligned with market conditions and risk appetite.

• Third-party origination

• Originate ethanol from third parties, including mills, distributors, and traders.

• Structure commercial agreements and manage counterparty relationships.

• Assess credit, contractual, and operational risks.

• International trading

• Implement ethanol exports and imports when arbitrage opportunities arise.

• Evaluate international parity, logistics costs, FX exposure, and regulatory constraints.

• Coordinate with global trading counterparts when applicable.

• Trading & risk management

• Apply sound trading principles across physical, arbitrage, and proprietary trading activities, including:

• Pricing models and forward curves

• Risk management and exposure monitoring

• Correlation analysis (ethanol vs sugar, oil, FX, CBIOs, gasoline, etc.)

• Proactively manage market, basis, and liquidity risks.

• Support hedge strategies in alignment with bp’s governance and limits.

• Arbitrage & market analysis

• Identify and implement domestic and international arbitrage opportunities, including proprietary trading strategies within approved risk frameworks.

• Understand and monitor regulatory frameworks affecting ethanol markets.

• Leverage analytics to support commercial and trading decisions.

• Cross-functional collaboration

• Work closely with:

• Logistics – freight, storage, terminals, and execution feasibility

• Analytics – market intelligence, pricing tools, and reporting

• Sugar trading team – cross-commodity insights, correlations, and optimization

• Contribute to an integrated bioenergy trading strategy.

Experience & Qualifications

• Extensive experience in ethanol trading, commercialization, origination, and/or proprietary trading.

• Strong background in:

• Trading and risk management

• Pricing methodologies and market structures

• Domestic and international arbitrage

• Solid understanding of:

• Brazilian ethanol market dynamics

• Regulations, taxes, and compliance

• Logistics and supply chain constraints

• Proven ability to operate in fast-moving, high-responsibility trading environments.

• Strong analytical perspective combined with commercial judgment.

• Excellent communication and partner management skills.

Key Competencies

• Market intuition with disciplined risk approach

• Critical thinking with hands-on execution capability

• Ability to work across commodities and functions

• Comfortable navigating complexity and ambiguity

• Strong ownership and accountability culture

Why this role matters

This position plays a critical role in enhancing value across bp bioenergy’s ethanol platform, connecting production, hedging, proprietary trading, market intelligence, logistics, and risk into a single, optimized commercial strategy.

Why join us
At bp, we support our people to learn and grow in a diverse and high-reaching 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 o8er benefits (https://exploreyourbenefits.com/landing.html) 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!

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.


BEWARE – RECRUITMENT FRAUD
It has come to our attention that there are a number of fraudulent emails from people pretending to work for bp. Please be advised that we do not require any forms of payment or course by applicants to be considered for open positions.

Travel Requirement

Up to 25% 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:

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.