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LNG Trading Analyst

LNG Trading Analyst

  • Location Singapore - Flexible
  • Travel required Negligible travel
  • Job category Supply & Trading Group
  • Relocation available No
  • Job type Professionals
  • Job code 141184BR
  • Experience level Intermediate
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Job summary

The trading analytics team within the LNG trading book is responsible for developing tools and analysis to assist the trading team in delivering optimal value from our portfolio. This individual will be 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.

The LNG market has been developing rapidly and now provides a mechanism for gas-on-gas competition between regional markets. BP has been leading this change through its strong LNG portfolio.

The LNG Book within GPTI (“Gas and Power Trading International”) is responsible for optimising BP’s advantaged portfolio of assets. These include equity and third-party LNG supply; long term re-gasification and liquefaction contracts in the US and Europe; customers in Asia, the Middle East, South America and other premium markets; and a fleet of BP operated and third party chartered ships.

The LNG Book integrates paper trading activity within the core physical business of optimisation and risk management allows the book to leverage its overall trading performance.

Key accountabilities
The role reports to the Manager LNG Asia Trading Analytics and responsibilities include:

  • Develop sound knowledge of LNG pricing clauses, structures and optionality in order to model BP LNG supply and market contracts. Develop tools and dashboards that clearly set out the key elements of these contracts and how they can be optimised.
  • Generate deal economics, cargo pricing, exposure changes and identification of potential market opportunities. Provide summary commentary with data output, including key assumptions, PnL and exposure output, sensitivities and caveats.
  • Support the team to improve and streamline our suite of tools and models to remain flexible and nimble, and to ensure we are maximising value from the increasing volumes and complexities with our contracts. This includes driving systems enhancements.
  • Pro-actively support the team’s operational processes to ensure that our system of record is capturing and reporting the optimal PnL and exposure at all times. This will involve coordinating system updates with other teams, providing clear communication to enable accurate hedging decisions to be taken and constantly re-prioritising workload to help deliver the most value.
  • Ensure maximum synergies with other teams within the LNG business through collaboration on operational tasks, embedding new business and system/process improvement projects.
  • Generate portfolio optimisation suggestions to maximise PnL delivery.

Essential experience and job requirements:
  • Understanding of physical and financial trading concepts
  • Proven track record in analytics. Confident in manipulating large and complex data sets
  • Attention to detail to provide accurate information for traders to act upon
  • Highly organised with the ability to manage conflicting priorities in a fast and constantly changing environment
  • “Can do” attitude: confident with difficult situations or the absence of a definite framework
  • Ability to assimilate complex and ambiguous data to identify key issues and aid decision making
  • Appetite for shared commitment to the success of the team

Desirable criteria and qualifications
  • Understanding of ETRM systems and how to use them to accurately represent contractual exposures and optionality.
  • LNG or Gas commodity trading product knowledge.
  • Experience in optimisation of commodities and assets.
  • Experience of supporting commercial decision making.
  • Knowledge and application of Python, VBA, SQL or similar languages.

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