BP

Non Energy Optimization Specialist

BP$90K — $110K *
Energy & Utilities
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in math, statistics, economics, quantitative finance, or engineering required.
  • Mid-level experience in an analytical or commercially focused role.
  • Retail supply experience or similar commercial experience is essential.
  • Working knowledge of CAISO RA & MTR regulatory landscape preferred.
  • Strong understanding of ISO markets, particularly CAISO, PJM, or NYISO regions.
  • High proficiency in Excel VBA and SQL; Python knowledge is highly encouraged.
  • Skilled in analytical risk assessment and complex data analysis.

Responsibilities

  • Manage retail portfolio of power-related products including RA, MTR, and capacity.
  • Transact in approved products to hedge and optimize retail portfolio.
  • Handle regulatory filings for CAISO RA & MTR.
  • Maintain traded non-energy curves associated with congestion and capacity products.
  • Support optimization through pricing maintenance and market information provision.
  • Build models for portfolio optimization, risk management, and hedging strategies.
  • Lead variance explanations during the market actualization process.

Benefits

  • Hybrid working environment (office/remote).
  • Potential for up to 10% travel.
  • Opportunity to work at the intersection of regulatory compliance and market strategy.
Full Job Description

Entity:

Supply, Trading & Shipping


Job Family Group:

Supply & Trading Group


Job Description:

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

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

.

About BP

BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading. BP's origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum. In 1959, the company expanded beyond the Middle East to Alaska. British Petroleum acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatised the company in stages between 1979 and 1987. British Petroleum merged with Amoco in 1998, becoming BP Amoco plc, and acquired ARCO and Burmah Castrol in 2000 and Aral AG in 2002. The company's name was shortened to BP p.l.c. in 2001. From 2003 to 2013, BP was a partner in the TNK-BP joint venture in Russia, and from 2013 until Russia's 2022 invasion of Ukraine, held a nearly 20% stake in Rosneft.
Learn more about BP
Size
65,900 employees
Market Cap
$104.4 billion
Industry
Net Income
-$20.3 billion
Founded
1909
5 Year Trend
-2.9%
Revenue
$180.3 billion
NASDAQ

Similar Jobs

More Jobs at BP

More Energy & Utilities Jobs

Find similar Non Energy Optimization Specialist jobs: