BP

Retail Supply Trader

BP$95K — $115K *
Energy & Utilities
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a quantitative field
  • Mid-level experience in retail analytics and trading
  • Strong understanding of ISO markets and electric power grids
  • Proficiency in Excel, with knowledge of VBA and SQL; Python preferred
  • Analytical skills for pricing and risk assessment
  • Individual contributor with strong teamwork skills
  • Proficient in data collection and analysis

Responsibilities

  • Support portfolio optimization with pricing and market information
  • Provide market access and execute transactions for clients
  • Collaborate with Marketing to align trading ideas with opportunities
  • Leverage market knowledge to maintain customer relationships
  • Execute hedging and optimization for retail customer portfolio
  • Price and manage non-standard deals and complex product arrangements
  • Assist in developing portfolio management strategies

Benefits

  • Hybrid work environment with office and remote options
  • Potential for relocation assistance
  • Emphasis on collaborative work across disciplines
  • Engagement with advanced analytics and market strategies
Full Job Description
Entity:
Supply, Trading & Shipping

Job Family Group:
Supply & Trading Group

Job Description:
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's 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


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:

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

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