Ethanol AnalystUnited Kingdom - South East - London
This front office market analyst role involves working with the European ethanol trading bench.
Utilising a wide range of data/information sources and analytical methods the analyst will work closely with IST traders to drive successful trading strategy. One of the core elements of IST Global Oil Analytics is to identify changes in supply and demand fundamentals and communicate the likely impact on price action to the trading benches in a timely fashion, helping drive continued growth in trading profits. The successful applicant will be engaged in monitoring European and Global ethanol, sugar and oil product market fundamentals to forecast price. Analysis will cover ethanol production, Global trade flows, as well as agricultural markets. There is significant scope to develop understanding of oil markets through integrated trading strategies and connection to wider oil market analysis and trading capability. The candidate will also be involved in longer term analytics projects, which aim to give BP greater insight into cross commodity linkages, supporting strategy workstreams.
Competitive salary applies closing date 8th March 2019.
•Forecast European and Global supply and trade flows using different methods, including but not limited to, econometric modelling and data science approaches.
•Maintain European balances to forecast for supply and demand
•Drive useful and insightful analysis across trading books, highlighting position risk and contributing to trading strategy
•Understand the major moves that are occurring in the market, how they link back to trading activity and drive original analysis in the team
•Work closely with traders, originators and analysts within the regions to share knowledge and meet common objectives
•Model and communicate linkages between markets such as oil and ags and how these linkages change over time
•Identify and test opportunities for analysis that will support the commodity lines in the region
•Support development of the Analytics infrastructure
•Build and implement models and tools
•Continually solicit requests for ad hoc analysis
•Academic background; preferably in Finance, Economics, Engineering, Data Science or another quantitative background
Essential experience and job requirements:
•Strong professional and/or academic analytical background
•High-level knowledge of commodity market fundamentals, energy economics and pricing instruments
•Able to communicate key themes and messages clearly and succinctly
•Strong Excel skills
•Excellent problem solving capability
•Desire to learn and interest in financial markets and understanding of economics and drivers of prices
•Strong attention to detail
Other Requirements (e.g. Travel, Location):
There are no additional requirements. Please respond with N/A below.
Desirable criteria & qualifications:
•Understanding of the downstream oil sector, refinery processes and economics
•Knowledge of trading instruments
•Experience of working in Python
•Knowledge of upstream crude production processes and developments
Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. With a workforce of 80,000 employees, BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.
Integrated Supply & Trading (IST) is BP's face to the traded markets for BP in oil, gas, power, chemicals and finance. IST's role is to enhance Group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control and compliance infrastructure. IST has a dynamic and highly skilled workforce, which creates value by combining analysis and commercial innovation with the material asset base of BP.
IST Global Oil Europe (GOE), a Business Unit of IST Global Oil, serves three primary purposes. First and foremost, it provides a trading and execution service to BP's assets in Europe and Africa. This includes assisting equity marketing, crude supply, product import/export, and price risk management. Secondly, Global Oil Europe seeks to make use of its skills, global connectivity and market insight to generate entrepreneurial trading income. Thirdly, Global Oil Europe is accountable for ensuring a robust compliance and trading infrastructure, including systems and controls.
IST fosters a diverse and inclusive workplace for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.