Retail Supply Trader

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

Supply, Trading & ShippingSupply & Trading Group

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. Together we continue to grow as the world’s leading energy trader!

About the role

The Retail Supply Trader will participate in the management and profitability analysis of the Trading Commercial & Industrial retail electricity load portfolio. This individual will identify opportunities and work with affiliate business units and functional groups to develop and deploy innovative solutions that leverage fundamental analysis, advanced analytics, and market acumen.

Key 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

Essential Education, experience and requirements

• Bachelor degree required 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

Why join us

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

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’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 on 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.