This front office market analyst role will involve working with IST traders and analysts to understand oil price drivers.
Liaising with stakeholders across BP and external consultants, the analyst will collate and analyse market information and work closely with IST traders to drive successful trading strategy. The goal of IST market 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, driving continued growth in trading profits. Increasingly oil price is also influenced by financial, as well as fundamental drivers. A key accountability of this role will entail researching and quantifying these relationships, highlighting risk to fundamental trading strategies.
The successful applicant will be engaged in monitoring European and Global oil fundamentals, the macroeconomic environment and linkages between the two. Detailed analysis of financial markets and investment flows will be required. The successful candidate will be expected to generate original analysis and articulate views on potential impacts on different paper and physical trading instruments. The role will also liaise with Treasury trading and Group Economics and will be involved in both short and long term Analytics projects, which aim to give BP greater insight into cross commodity linkages.
In addition the analyst will support development of econometric models across the European oil analysis ecosystem. This will entail updating and improvement of existing models as well as the development of new models to forecast both fundamental variables and price. The analyst will help to define best practice in econometric modelling and will act as a driving force to embed this across the wider analytics community.
•Develop new and improve existing econometric models across IST market analytics
•Monitor global economy, financial flows and oil markets and communicate relevant price and fundamental insights to traders and analysts on a regular basis
•Bring a new perspective and challenge [energy] demand assumptions
•Drive useful and insightful analysis across trading
books, highlighting position risk and contributing to trading strategy
•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 commodities, FX, equities & fixed income and how these correlations change over time
•Identify and test opportunities for analysis that will support the trading books in the region
•Support continued development of the Analytics infrastructure
•Work in a proactive manner to support origination and trading in understanding market dynamics and potential outcomes
•Foster dialogue with stakeholders on the research outcomes, develop trading recommendations based on analysis
•Implement models and tools for front office and internal team use
•Continually solicit requests for ad hoc analysis
Strong academic background in Economics and Econometrics
Essential experience and job requirements
•Professional analytical background
•Strong understanding of economic theory
•Understanding of drivers of oil market fundamentals –
•Prior experience as economist preferable
•Understanding of the global crude market and commodity asset flows.
•Strong Excel skills
•Desire to learn
•Knowledge of trading instruments
•Interest in financial markets and understanding of economics and drivers of price
Other Requirements (e.g. Travel, Location)
There are no additional requirements.
Desirable criteria & qualifications
•Phd in Econometrics
•Strong statistical/econometric skillset
•Experience with big data analysis and/or machine learning
•Background in non-linear modelling
Is this a part time position?
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.
Integrated Supply & Trading