Non Energy Optimization Specialist

bp; Georgia; Hybrid; USD 130,000 - 170,000; Full time

Job summary

BP is seeking a Non-Energy Optimization Specialist to support the portfolio management and profitability analysis of the Commercial & Industrial retail electricity portfolio. The role focuses on RA, MTR and capacity positions, with governance across CAISO markets and regulatory compliance.

The candidate will build pricing models, manage non-energy trades in ETRM, and collaborate with sales and pricing teams to optimize retail portfolios and hedging strategies.

Qualifications

• Bachelor degree in a quantitative field (math, stats, economics, quantitative finance or engineering).
• Mid-level analytical or commercial experience.
• Retail supply experience or similar commercial experience.
• Working knowledge of CAISO RA & MTR preferred.
• Strong knowledge of ISO markets (CAISO/PJM/NYISO).
• Proficiency in Excel VBA and SQL; Python preferred.
• Analytical skills for risk assessment.
• Experience with ETRM systems preferred.
• Collaborative, cross-functional teamwork mindset.
• Excellent data querying, visualization and reporting skills.

Responsibilities

• Manage a retail portfolio of power products including RA, MTR, capacity and related products.
• Transact bilaterally and on exchange to hedge and optimize the portfolio.
• Handle regulatory filings for CAISO RA & MTR.
• Maintain non-energy curves and related products.
• Provide market data to pricing, sales and customers.
• Build models for optimization, risk and hedging strategies.
• Book trades in ETRM and support forecasting data.
• Support stress testing and exposure reporting for traders.
• Explain variances during actualization and ensure policy compliance.
• Liaise with teams to ensure accurate customer invoicing.

Skills

Analytical Thinking

Commercial Acumen

Negotiation

Teamwork

Stakeholder engagement

Regulatory awareness

Attention to detail

Problem solving

Communication

Education

Bachelor degree in quantitative field

Tools

Excel VBA

SQL

Python

ETRM systems

Job description

Entity:

Supply, Trading & Shipping

Job Family Group:

Supply & Trading Group

Job Description:

About BP

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!

About the role

The Non-Energy Optimization Specialist will participate in the portfolio management and profitability analysis of the Commercial & Industrial retail electricity portfolio. This individual’s primary responsibilities will be to manage the retail portfolios positions in RA, MTR & Capacity.

Key Responsibilities

• Manage retail portfolio of power related products including, but not limited to, RA, MTR, capacity, CRRs and any future traded ancillary products
• Transact bilaterally and on exchange in approved products to hedge and optimize retail portfolio
• Manage regulatory filings for CAISO RA & MTR
• Maintain all traded non-energy curves including congestion, capacity and RA related products
• Support Optimization team by maintaining and providing transactable prices for approved tradable products as well as provide market information to the retail pricing functions, salespersons and customers
• Build and support models for optimization analysis, managing risk exposure and hedging strategies for retail portfolio
• Book non-energy trades consisting of a variety of standard and non-standard products in the ETRM
• Support the retail load forecasting process by further developing associated exposure reporting and stress testing to advance the needs of the retail supply traders
• Lead variance explanations during actualization process for assigned markets and products
• Understand and comply with all internal policies as well as those of CFTC, SEC, FERC, and any other regulatory bodies or exchanges
• Work with internal teams to ensure accurate customer invoicing for responsible products
• Support sales in customer meetings as subject matter expert on market liquidity, regulatory changes and rest mitigation strategies
• Additional tasks as needed based on desk resourcing

Essential Education, experience and requirements

• Bachelor degree required in a quantitative field such as math, statistics, economics, quantitative finance or engineering
• Mid-level experience in an analytical or commercially focused role
• Retail supply experience or similar commercial experience required
• Working knowledge of CAISO RA & MTR regulatory landscape preferred
• Strong working knowledge of ISO markets, the electric power grid and marketplace, specifically in the CAISO, PJM, or NYISO regions
• High level of proficiency in Excel VBA and SQL required, python highly preferred
• Analytical skills required for risk assessment
• Experience with ETRM systems preferred
• Strong individual contributor with consultative style and aptitude for collaboration and teamwork
• Skilled at working across multi-disciplinary functions and departments
• Proficient in collecting, querying, visualizing, organizing and analyzing complex data, evaluating information and drawing logical conclusions
• Strong organizational skills, attention to detail and ability to adhere to regulatory mandated timelines

Why Join bp

At bp, 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, including a generous paid parental leave policy and excellent retirement benefits, among others!

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, veteran status, or disability status. 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

Up to 10% travel should be expected with this role

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. 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,pleasecontact 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.