Job profile summary:
Responsible for delivering relevant analysis and modelling to provide commercial insight, utilising relationships to stay up to date with internal developments in statistical techniques, whilst identifying process improvements and applying insights from the external environment.
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.
Key accountabilities :
•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
Essential Education :
•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
Desirable criteria and 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
Competitive salary applies closing date 18th September 2019
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.
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