Structuring Team LeadUnited States - New York - New York City
IST’s North America Gas & Power (NAGP) business is a material, dynamic and growing enterprise and is recognized as a leading marketer and trader of gas and power in North America.
The Structuring and Commercial Development teams within NAGP are responsible for providing the expert resources necessary to develop and deliver the business strategy and growth agenda. The growth agenda of the business is delivered through creative marketing and origination activities, as well as access to assets.
The Structuring Team Lead in BP’s NAGP business is primarily responsible for providing analytical and structuring support to the Power trading and origination platforms.
- Lead a team of two Structurers, providing managerial and technical expertise and development opportunities for team members;
- Support team in developing, analysing, and valuing potential deals in the Power Trading team and ensure members have conducted proper diligence in assessing risk;
- Ensure appropriate deal approvals have been obtained and transactions are compliant with the IST Assurance & Approval process for NAGP and with GIAAP and EEM;
- Offer commercial insight into the valuation process, devising and advocating alternate deal structures to enhance value or reduce risk for the business;
- Develop and improve valuation and hedging models of energy assets and exotic structured transactions; Challenge and validate modeling approaches via back-testing and conduct research studies of price dynamics in the real vs. modeled world;
- Collaborate with the wider IST Trading Analytics Center of Excellence, specifically Global Structuring and Quantitative Analytics, through the active promotion of shared common valuation approaches, knowledge, best practices, and challenge of ideas;
- Coordinate with Structuring Manager and Commercial Development Manager based in Houston to manage resources and set the agenda for weekly deal reviews as necessary, ensuring that transactions are reviewed in a timely manner.
Bachelor’s degree in Economics, Statistics, Engineering, Applied Mathematics or related field
Essential experience and job requirements:
- In-depth understanding of quantitative modeling, structuring, risk management techniques in the North American Power business;
- Excellent verbal and written communications skills;
- Ability to build and maintain productive working relationships and influence individuals at all levels within the organization;
- Strong project management skills and ability to lead multi-disciplinary teams without formal authority;
- Strong conceptual and long term/strategic thinking skills;
- Solid understanding of transaction economics and familiarity with commodity price risk management including swaps, options, mark-to-market accounting, Value at Risk, etc;
- Deep understanding of sources of value in deals, with ability to translate business needs into specific solvable problems and tasks, being theoretically rigorous or pragmatic as appropriate to the situation.
Other Requirements (e.g. Travel, Location):
There are no additional requirements. Please respond with N/A below.
Desirable criteria & qualifications:
- PHD/CFA/MBA an advantage;
- Experience in applying quantitative techniques to the valuation and management of power physical assets and derivatives such as tolls, heat rate options, shaped products, and full requirements load products;
- Demonstrated ability to deliver quality analysis in a high pressure, fast-paced front office environment while meeting tight commercial deadlines.
We are a global energy business involved in every aspect of the energy system. We have 75,000 employees in 80 countries, working towards delivering light, heat and mobility to millions of people, every day. We are one of the very few companies equipped to solve some of the big complex challenges that matter for the future. We have a real contribution to make to the world's ambition of a low carbon future. Join us, and be part of what we can accomplish together.
Energy marketing and trading offers customers a unique combination of physical expertise, financial structures, geographic scope and creative solutions.
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