Gasoline Trader (GLIGHTS)

Entity:

Supply Trading & Shipping

Job Family Group:

Supply & Trading Group

Job Description:

About the role

We are looking for a Gasoline Trader to join the Supply Trading & Shipping (ST&S) organisation within the GLIGHTS bench. This role focuses on the ARA and MWE gasoline markets supporting both prompt market activity and the development of longer-term trading positions and strategy.

ST&S is bps face to the traded markets in oil gas power chemicals renewables carbon and finance. ST&Ss role is to enhance bp group value through distinctive supply commodity trading risk management and information technology skills underpinned by a market leading analytics finance control and compliance infrastructure. ST&S has a dynamic and highly skilled workforce which builds value by combining analysis and commercial innovation with the material asset base of bp.

GLIGHTS is ST&Ss global Light ends products trading book. Its one of the most dynamic & fast-growing trading teams in ST&S operating a global trading book model. GLIGHTS trades across multiple products such as gasoline LPG Naphtha Petrochemicals which are structured under 4 main global pillars: Global Gasoline Global Petrochemicals Global Paper & Global GreenLights (Bio low carbon circular). We have teams based in London Singapore Chicago Houston & Sao Paulo to drive our bold global growth agenda.

This role offers a unique opportunity to join an established book learn the book and its relationships and then progressively develop new activity while enhancing elements of the existing business. The role will report to the ARA Book Lead to bring value for GLIGHTS in the prompt market while also positioning the business for sustained longerterm success.

You will be empowered to:

• Consistently generate fundamentally based and well thought out trading ideas in the ARA market
• Hold accountability for external market opportunities; optimising refining and downstream assets within BP
• Actively contribute/participate to the regional Gasoline market fundamental view
• Keep informed of the relevant regulatory environment to ensure trading remains fully compliant and to find opportunities to extract incremental value
• Lead physical exposures and optimise optionality across timing location and quality
• Actively handle pricing and basis risk versus key benchmarks and other approved instruments where appropriate
• Demonstrate a high level of attention to detail on trade entry and position management
• Contribute to the strategic vision on how to build and sustainably grow the Gasoline book
• Develop and maintain 3rd party relationships with particular focus on growing our portfolio of shorts

Key accountabilities: working in a team of three covering

• Asset interface with the NWE and UK marketing systems
• Asset interface with the bpRR refinery (including priceset entry deal economics and explanation of value creation of the HUB)
• Blending activities in ARA terminals for local grades and export including optimisation of the tankage footprint
• Assessment of new locations for tankage and physical presence
• Entry into spot and term tenders for light ends
• Ownership of swing and marginal barrels to inform group decisionmaking
• Working with the book leader to hedge and take speculative positions based on insights generated from physical activity
• Acting as the point person for feeding relevant data and insight to the analytics team within defined areas of responsibility

About you:

Essential experience for success will include:

• Consistent track record of awareness of risk and compliance
• ATC pass or external experience of a similar
• Experience with gasoline blending and familiarity with NWE pricing bench marks.
• Knowledge of the oil product freight market both physically and as hedging activity
• Understanding of fuel supply chain economics and how they translate into netbacks and trading decisions
• Ability to interpret demand signals (seasonality disruptions) and incorporate them into a coherent market view
• Exposure to sophisticated and dynamic trading environments
• A thoughtful and practical approach to market analysis with the ability to present clear recommendations.
• Proficient understanding of exposure management & risk metrics
• Able to work independently and in teams

Other desirable criteria:

• Ability to build networks & influence others
• Knowledge of physical gasoline operational experience of tanks/terminals and shipping knowledge
• Curious and creative nature with a bias for action in a dynamic environment
• Strong analytical skills commercial mentality and attention to detail
• Exposure to working in global teams with a strong intercultural awareness
• Understanding of deal assurance process including legal compliance regulatory reporting and financial reporting processes.
• Knowledge of deal entry and exposure management systems
• Familiarity with bps European Assets key customers and how we optimise supply

Why join us

At bp we support our people to grow in a diverse and exciting environment. We believe that our team is strengthened by diversity.

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 excellent retirement benefits among others!

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment. Please contact us to request accommodation!

Travel Requirement

Negligible 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

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Legal Disclaimer:

We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race religion color sex national origin sexual orientation veteran status or disability with an accessibility need may request an adjustment/accommodation related to bps 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 adjustment/accommodation related to the recruitment processpleasecontact us.

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.

Employment Type : Full-Time
Experience: years
Vacancy: 1