Market Strategist, North America Power
Entity:
Trading & ShippingJob Family Group:
Supply & Trading Group
Job Description:
The Analytics & Insights team is responsible for providing analysis of Oil, Gas, Power and Emissions markets to the trading and origination teams within Trading & Shipping.
Analysis performed by the team provides commercial value by keeping traders, originators, and management informed of underlying views that affect the markets as well as a toolkit to quantify these views and their price discovery.
The Market Strategist role resides in the Gas and Power Strategists team.
One of the core elements of this team is to identify changes in supply and demand fundamentals of the markets covered and communicate the likely impact on pricing to the trading and origination teams.
They will operate as a dispatcher of news, views and analysis to the businesses they support in a timely and accurate way.
Analysis performed by the individual and team will have a direct linkage to commercial value creation and assist in the delivery of the financial targets set to the various trading teams within Trading & Shipping.
The role involves supporting our North American power trading and origination team based in New York (preferred) or Houston.
The primary focus will be the coverage of PJM and other North Eastern power markets.
The role will also involve coverage of the Eastern Renewable Energy Credit markets.
This will involve working in a squad to develop, maintain and continuously improve the tools and reports necessary to provide a real time view of fundamentals that drive market dynamics that focus on the team s main exposures and opportunities.
This role will also involve working closely with the gas team to ensure an alignment of views on areas of overlap as well as working with other teams as required to ensure the accurate flow of information.
Applicants should have experience with the North Eastern power markets and their analysis in a commercially focused role.
They should possess experience with the market dynamics, fundamental drivers and analysis tools used for similar roles across the industry.
Key accountabilities:
Provide fundamental analysis and pre transaction decision support to the East Power and REC team.
Develop and/or improve the models and reports required to provide the framework for trade and/or deal management.
Work with others on the team to develop and maintain long term views for use in internal deal valuation frameworks and strategy planning.
Manage a two way information flow with the gas team to ensure areas of overlap are aligned.
Work to constantly evolve modelling approaches to apply emergent technologies and ideas.
Provide ad hoc support the trading team, originations team and the wider BP group.
Essential education:
Hold a degree in a quantitative, economics, statistical, mathematical, engineering or similar subject areaEssential
Experience:
Extensive experience with power markets as either a trader or an analyst on a trading/origination team.
Extensive experience with power and related markets in PJM and the Northeastern US.
Extensive experience with regulatory frameworks governing energy markets in the United States.
Experience working with programming languages like Python, VBA, SQL etc in a professional setting.
Experience developing, interpreting and improving models to analyze and report power markets.
Ability to interpret data and information to conclude and communicate views both formally and informally.
Independent problem solver; creative in finding alternative solutionsProactive approach to delivering results; able to deal with conflict and field critical questioningExperience in quantitative modelling skills including working with large and incomplete data.
Desireable
Experience:
Experience with markets like MISO/SPP that the team is looking to grow in.
Extensive development experience in Python and SQL.
Experience with applying innovative quantitative modeling approaches like machine learning to professional models.
Why join us:
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!How much do we pay?$161,000 - $300,000 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.
Base pay ranges are provided to us by our Reward team.
The Reward team has developed base pay ranges for each role at bp based on internal and external market rate data.
Travel RequirementNegligible travel should be expected with this roleRelocation Assistance:
Relocation may be negotiable for this roleRemote Type:
This position is a hybrid of office/remote workingSkills:
Agility core practices, Analytical Thinking, Computational Thinking, Continuous Learning, Data Analysis, Data cleansing and transformation, Data Management, Data Sourcing, Data visualization and interpretation, Dialogue enablement, Exposure Management, Machine Learning, Macroeconomics, Market analysis methods, Market Risk Management, Statistics, Trade execution and management, Trading Fundamentals, Sentiment and Trends, Trading knowledgeLegal
Disclaimer:
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, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status.
Individuals with disabilities may request a reasonable 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 accommodation related to the recruitment process, please contact us to request accommodations.
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.
SummaryLocation:
US:
New York - East Street; United States of America - Texas - HoustonType:
Full time.
Estimated Salary: $20 to $28 per hour based on qualifications.
Trading & ShippingJob Family Group:
Supply & Trading Group
Job Description:
The Analytics & Insights team is responsible for providing analysis of Oil, Gas, Power and Emissions markets to the trading and origination teams within Trading & Shipping.
Analysis performed by the team provides commercial value by keeping traders, originators, and management informed of underlying views that affect the markets as well as a toolkit to quantify these views and their price discovery.
The Market Strategist role resides in the Gas and Power Strategists team.
One of the core elements of this team is to identify changes in supply and demand fundamentals of the markets covered and communicate the likely impact on pricing to the trading and origination teams.
They will operate as a dispatcher of news, views and analysis to the businesses they support in a timely and accurate way.
Analysis performed by the individual and team will have a direct linkage to commercial value creation and assist in the delivery of the financial targets set to the various trading teams within Trading & Shipping.
The role involves supporting our North American power trading and origination team based in New York (preferred) or Houston.
The primary focus will be the coverage of PJM and other North Eastern power markets.
The role will also involve coverage of the Eastern Renewable Energy Credit markets.
This will involve working in a squad to develop, maintain and continuously improve the tools and reports necessary to provide a real time view of fundamentals that drive market dynamics that focus on the team s main exposures and opportunities.
This role will also involve working closely with the gas team to ensure an alignment of views on areas of overlap as well as working with other teams as required to ensure the accurate flow of information.
Applicants should have experience with the North Eastern power markets and their analysis in a commercially focused role.
They should possess experience with the market dynamics, fundamental drivers and analysis tools used for similar roles across the industry.
Key accountabilities:
Provide fundamental analysis and pre transaction decision support to the East Power and REC team.
Develop and/or improve the models and reports required to provide the framework for trade and/or deal management.
Work with others on the team to develop and maintain long term views for use in internal deal valuation frameworks and strategy planning.
Manage a two way information flow with the gas team to ensure areas of overlap are aligned.
Work to constantly evolve modelling approaches to apply emergent technologies and ideas.
Provide ad hoc support the trading team, originations team and the wider BP group.
Essential education:
Hold a degree in a quantitative, economics, statistical, mathematical, engineering or similar subject areaEssential
Experience:
Extensive experience with power markets as either a trader or an analyst on a trading/origination team.
Extensive experience with power and related markets in PJM and the Northeastern US.
Extensive experience with regulatory frameworks governing energy markets in the United States.
Experience working with programming languages like Python, VBA, SQL etc in a professional setting.
Experience developing, interpreting and improving models to analyze and report power markets.
Ability to interpret data and information to conclude and communicate views both formally and informally.
Independent problem solver; creative in finding alternative solutionsProactive approach to delivering results; able to deal with conflict and field critical questioningExperience in quantitative modelling skills including working with large and incomplete data.
Desireable
Experience:
Experience with markets like MISO/SPP that the team is looking to grow in.
Extensive development experience in Python and SQL.
Experience with applying innovative quantitative modeling approaches like machine learning to professional models.
Why join us:
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!How much do we pay?$161,000 - $300,000 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.
Base pay ranges are provided to us by our Reward team.
The Reward team has developed base pay ranges for each role at bp based on internal and external market rate data.
Travel RequirementNegligible travel should be expected with this roleRelocation Assistance:
Relocation may be negotiable for this roleRemote Type:
This position is a hybrid of office/remote workingSkills:
Agility core practices, Analytical Thinking, Computational Thinking, Continuous Learning, Data Analysis, Data cleansing and transformation, Data Management, Data Sourcing, Data visualization and interpretation, Dialogue enablement, Exposure Management, Machine Learning, Macroeconomics, Market analysis methods, Market Risk Management, Statistics, Trade execution and management, Trading Fundamentals, Sentiment and Trends, Trading knowledgeLegal
Disclaimer:
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, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status.
Individuals with disabilities may request a reasonable 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 accommodation related to the recruitment process, please contact us to request accommodations.
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.
SummaryLocation:
US:
New York - East Street; United States of America - Texas - HoustonType:
Full time.
Estimated Salary: $20 to $28 per hour based on qualifications.
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