Senior Trader

BP p.l.c.; New York (NY); Hybrid; USD 123,000 - 175,000; Full time

Job summary

BP p.l.c. is seeking an experienced northeast power trader with deep expertise in PJM, NYISO, and ISO-NE markets. The role focuses on managing risk and deploying speculative trading strategies, with emphasis on PJM term zonal basis trading, congestion dynamics, and forward curve positioning.

The position involves leading term trading strategies, executing trades across multiple markets, and actively monitoring market fundamentals, regulatory developments, and VaR limits to optimize performance.

Qualifications

• Bachelor's degree in finance, economics, or related field.
• Proven knowledge of fundamentals of US eastern power markets (PJM/NYISO/ISO-NE).
• Experience with risk management and trading concepts.

Responsibilities

• Lead term trading strategies with emphasis on PJM zonal basis.
• Execute power trades across PJM, NYISO, and ISO-NE.
• Actively manage portfolio risk including load, generation, and congestion.
• Develop speculative trading strategies to capture market inefficiencies.
• Analyze market fundamentals such as weather, load forecasts, outages, and transmission constraints.
• Monitor regulatory developments affecting market structure and pricing.
• Build forward curves, basis models, and scenario analyses to support decisions.
• Collaborate with risk management to ensure VaR and position limits are respected.
• Communicate market views and risk positioning to senior leadership.

Job description

Entity

Supply, Trading & Shipping

Job Family Group

Supply & Trading Group

Job Description

About Us

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!

About the role

Experienced northeast power trader with seasoned professional expertise across PJM, NYISO, and ISO-NE markets. Proven track record managing risk and deploying speculative trading strategies, with deep specialization in PJM term zonal basis trading, congestion dynamics, and forward curve positioning.

Key Responsibilities

• Lead term trading strategies with a strong emphasis on PJM zonal basis
• Execute financial power trades across PJM, NYISO, and ISO-NE markets
• Actively manage portfolio risk, including exposure to load, generation, congestion, and volatility across forward curves
• Develop and execute speculative trading strategies to capture market inefficiencies and dislocations
• Analyze key market fundamentals including weather, load forecasts, outages, fuel markets, and transmission constraints
• Monitor auction results (FTRs, capacity) and regulatory developments impacting market structure and pricing
• Build and maintain forward curves, basis models, and scenario analyses to support trading decisions
• Partner with risk management to ensure adherence to VaR limits, position limits, and internal risk controls
• Leverage data analytics and trading systems to find opportunities and optimize execution timing
• Communicate market views, trade rationale, and risk positioning clearly to senior leadership and interested parties

Essential Education, experience and requirements

• Bachelor's degree in finance, economics, energy management, engineering, computer science or a related field.
• Proven seasoned experience and a deep knowledge of fundamentals of physical and financial US eastern power markets.
• Preferable but not required; FTR and ARR experience managing a portfolio of assets.
• Strong analytical and quantitative skills for financial modeling and risk assessment.
• Proficiency in data analysis tools.
• Strong culture of compliance and understanding of all market rules and regulations.
• Ability to work effectively in a high-pressure, fast-paced trading environment.

How much do we pay (Base)?

123,000 - 175,200 USD Annually

• Please note the pay range listed for this position is a good faith and reasonable estimate of the base pay range for this position at the time of posting. You may learn more about our generous benefits here Explore Our Benefits.

Why join bp:

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'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.