Carbon Optimizer
bp
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Benefits offered by this job
Job summary
bp seeks a Low Carbon Optimizer to optimize carbon emission credits and options within the Low Carbon Trading (LCT) Team, supporting low carbon origination and trading activities.
You will develop speculative strategies by analyzing fundamental and technical data, collaborating with traders and originators to grow cap & trade, biofuel credits, and offsets in a global team with offices in London, Chicago, Houston, Calgary, and Singapore.
Qualifications
- Bachelor’s degree required.
- Strong analytical skills, commercial mentality, and attention to detail.
- Track record of entrepreneurial PnL delivery through trading and related commercial experience.
- Control and compliance familiarity in a trading environment.
- Adhere to bp beliefs and culture; progress our culture.
- Excellent integrity and character.
- Ability to multi-task and prioritize independently.
- Self-starter and proactive problem solver.
- Strong written and verbal communication skills.
- Desirable: ability to code and build models to support trading decisions.
- Desirable: familiar with environmental policies and regulations.
Responsibilities
- Build understanding of relevant regulations to ensure BP compliance.
- Collaborate with BP analytics to inform the market view and impact of market developments.
- Generate entrepreneurial profit by taking positions in options, futures, and physical.
- Assess, propose, and prioritize trading strategies delivering commercial value.
- Optimize and manage risk for compliance, speculative and origination activity.
- Ensure risk/reward of trade strategies is analyzed, understood, and communicated.
- Work with team to implement the trade strategy using approved instruments.
- Optimize in a disciplined manner within agreed limits.
- Ensure exposure reports are accurate with timely reconciliation.
- Ensure deal entry metrics align with KPIs.
- Understand and manage transactional risks with required credit limits.
- Build out or improve trading execution tools.
- Back-up other traders on the bench.
- Collaborate with originators to inform price for credits.
- Develop relationships with external market participants.
- Keep abreast of trading processes and bp system of record updates.
- Support origination, business development, and structuring teams.
- Understand cross-commodity correlations and margins.
Skills
Education
Job description
Entity:
Supply, Trading & Shipping
Job Family Group:
Supply & Trading Group
Job Description:
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!
The Low Carbon Optimizer will optimize carbon emission credits and options within the Low Carbon Trading (LCT) Team and will be integral to the success of bp’s low energy transition. This role will manage compliance and entrepreneurial positions, as well as be responsible for supporting the low carbon origination activity in Trading & Shipping. As an optimizer on the LCT Team, you will be working alongside traders and originators to grow commercial activities related to Cap & Trade programs, carbon credits from biofuels, and carbon offsets. This role must develop speculative trading strategies based on in depth analysis of fundamental and technical data. The ideal candidate has mid-level experience in derivatives, energy, or environmental credits and mastered relevant fundamentals.
LCT trades environmental attributes that mitigate greenhouse gases. LCT products are associated with biofuels, stand-alone carbon markets such as cap and trade programs, or opt-in voluntary offsets that sustainability contribute to Environmental, Social, and Governance (ESG) goals. LCT is a global team working in London, Chicago, Houston, Calgary, and Singapore.
- Build deep understand of relevant regulations to ensure BP compliance
- Collaborate with BP analytics to inform the market view and understand the impact of market developments
- Generate entrepreneurial profit by taking positions in options, futures, and physical
- Assess, propose, and prioritize agreed trading strategies that are workable and adequately resourced to deliver commercial value
- Optimize and manage risk for compliance, speculative and origination activity
- Ensure the risk/reward of trade strategies are properly analyzed, understood, and communicated
- Work with team members to implement the trade strategy, using approved physical and financial instruments
- Optimize in a disciplined manner within agreed limits
- Understand and ensure that exposure reports are accurate such that the system of record is right with timely reconciliation of discrepancies and address issues or questions that arise from middle or back office.
- Ensure deal entry metrics stay in line with key performance indicator (KPI) expectations
- Understand and manage transactional risks assuring required credit limits are in place, funding requests are driven, and records of transactions are available for reporting purposes.
- Build out or improve trading execution tools
- Back-up other traders on the bench
- Collaborate with originators to inform price for both compliance credits and voluntary offsets
- Develop relationships with external market participants
- Keep abreast of relevant trading processes and procedures, understand how new business is captured and reflected in bp’s system of record and follow deal entry requirements
- Support the origination, business development, and structuring teams
- Understand and master cross commodity correlations and margins
- Bachelor’s degree required
- Strong analytical skills, commercial mentality, and attention to detail
- Track record of entrepreneurial PnL delivery through trading and related commercial experience
- Control and compliance familiarity in a trading environment
- Adhere to our beliefs and how we work at bp
- Progress our culture to foster continuous improvement on the bench
- Excellent integrity and character
- Ability to multi-task and prioritize independently
- Self-starter, independent problem solver, and willingness to develop solutions and opportunities proactively
- Strong communication skills (written and verbal)
- Ability to code and build models to support trading decisions
- Familiar with relevant environmental policies and regulations
Note that the pay range listed for this position is a genuinely expected and reasonable estimate of the range of possible base compensation at the time of posting.
This position is eligible for US Benefits – Core. This position offers paid vacation depending on your years of relevant industry experience and will range from 120 – 240 hours of vacation per year for full time employees. You will also be eligible for 9 paid holidays per year and 2 personal choice holidays. You may learn more about how we calculate paid vacation and view our generous vacation and holiday schedules at Core U.S. Benefits. Bp has a parental leave policy as well, which offers up to 8 weeks’ paid leave for the birth or adoption of a child.
We offer a reward package to enable your work to fit with your life. These offerings include a discretionary annual bonus program, long-term incentive program, and generous retirement benefits that include a 401k matching program. These benefits include a pension for eligible employee.
As part of bp’s wellbeing package, bp offers access to health, vision, and dental insurance, as well as life and Short-Term Disability and Long-Term Disability. You may learn more about our generous benefits at Core U.S. Benefits.
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:
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. 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
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