Retail Energy Trader & Portfolio Optimizer

Oil Authority; Houston (TX); Hybrid; USD 180,000 - 240,000; Full time

Job summary

BP is seeking a Retail Supply Trader to participate in profitability analysis of the Trading Commercial & Industrial retail electricity load portfolio. You will identify opportunities, deploy innovative solutions using analytics and market acumen, and collaborate across business units to optimize BP's retail energy portfolio.

The role requires a quantitative degree and experience in retail analytics, trading, and portfolio optimization, with strong Excel/VBA/SQL skills; Python preferred.

Qualifications

• Bachelor degree in a quantitative field such as math, statistics, IT, quantitative finance or engineering.
• Mid level experience related to retail analytics, trading, demand response, portfolio optimization, asset optimization.
• Strong working knowledge of ISO markets, the electric power grid and marketplace, specifically in the ERCOT, NYISO, NEPOOL, MISO, PJM regions.
• High level of proficiency in Excel and working knowledge of VBA and SQL required. Python working knowledge preferred
• Analytical skills required for pricing, risk assessment and transaction structuring
• Strong individual contributor with consultative style and strong collaboration and teamwork
• Skilled at working across multi-disciplinary functions and departments
• Proficient in collecting, querying, organizing, and analyzing complex data, evaluating information, and drawing logical conclusions

Responsibilities

• Support Portfolio Optimization team by maintaining and providing transactable prices for approved tradable products as well as market information to the retail pricing functions, salespersons and customers
• Provide market access, price discovery and transaction execution in approved products for BP clients
• Work closely with the Marketing team to help guide their efforts to provide opportunities that are aligned with trading ideas
• Help maintain customer relationships when called upon where superior market fundamental knowledge can be leveraged and the ability to articulate that knowledge to broader audiences
• Responsible for all hedging and optimization activity around BP’s portfolio of retail customers
• Price, manage, and book deals consisting of a variety of non-standard products which include shaped schedules, odd-lots deals, off-hub locations and options
• Assist in the development of the Portfolio Management strategy
• Help identify structured opportunities and participate in closing those transactions when necessary
• Manage the risk associated with a non-standard portfolio while adhering to allocated risk limits
• Manage forecasted load deviations and exposures in prompt and cash months
• Work closely with the Legal Team to draft customer specific contract language as needed
• Build and maintain databases as necessary
• Understand and align with all internal policies as well as those of CFTC, SEC, FERC, and any other regulatory body or exchange

Skills

Analytical thinking

Business acumen

Trading knowledge

Data analysis

Negotiation

Education

Bachelor's degree

Tools

Excel

VBA

SQL

Python

Job description

BP is seeking a Retail Supply Trader to participate in profitability analysis of the Trading Commercial & Industrial retail electricity load portfolio. You will identify opportunities, deploy innovative solutions using analytics and market acumen, and collaborate across business units to optimize BP's retail energy portfolio.

The role requires a quantitative degree and experience in retail analytics, trading, and portfolio optimization, with strong Excel/VBA/SQL skills; Python preferred.