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Market Strategist, East Asia Power

Market Strategist, East Asia Power

  • Location Singapore - Flexible
  • Travel required Negligible travel
  • Job category Supply & Trading Group
  • Relocation available No
  • Job type Professionals
  • Job code 125627BR
  • Experience level Senior
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Job summary

Responsible for providing relevant models and analytical insight that directly influence, support & surface commercial activities using advanced technical and analytical expertise, identifying process improvements and working with stakeholders and analytics colleagues to share information and ideas, build models, and develop tools and systems.

The AsPac power business in Trading & Shipping has an aim of building a well-balanced, tradable portfolio in power across our targeted regional markets. The business growth is driven through the execution of an integrated power strategy from generation through to C&I and end use markets.

The Market Strategist role resides in the Gas and Power Strategist team (part of the larger analytic function). One of the core elements of this discipline is to identify changes in supply and demand fundamentals within different regions of the market and communicate the likely impact on price action to the trading and origination teams. This key role will work alongside the bench to provide such analysis in service of creating insights, foundational views and trading strategies in line with changing market dynamics. Analysis performed by the individual and team will have a direct linkage to commercial value creation.

In addition to the above, this role will involve the creation of market and fundamental views that drive the valuation of long-term deals in the Japan/Korea power markets. These views will require the development and maintenance of models, data and assumptions to provide a quantitative and fundamental framework for valuation in the long-term space as well as a deep understanding of the short-term view. The role will involve communicating these views externally to customers and counterparties as well as internally to originators, structurers, traders and other strategists.

The role will require an understanding of linkages between the Japan/Korea Gas, LNG, Carbon, Hydrogen and other green markets as they develop over time with a focus on identifying and executing on opportunities for Trading & Shipping as well as the broader BP group.

Applicants should have experience with power markets and their analysis with a track record of delivering data, analysis and statistical models in a commercial environment.

Key Accountabilities:

  • Work closely with the AsPac Power Origination & Trading teams to deliver analysis to support longer term power transactions being looked at for Trading & Shipping as well as day to day trading activities with an initial focus on the Japan/Korea power space.
  • Work closely with counterparts on the LNG side to help define the LNG view for Japan and Korea in both the short and long term.
  • Develop and/or maintain the models and reports required to provide the framework for deal management.
  • Develop and/or maintain the models and reports required to provide the framework for trading support.
  • Work with sister disciplines to constantly evolve modelling approaches to utilize emergent technologies and ideas.
  • Incorporate new ways of thinking and both technical and fundamental factors into modelling.
  • Drive automation and standardization of data to achieve process and resource efficiency.
Essential Experience:
  • Power markets exposure as either a trader or an analyst on a trading/origination team.
  • Experience within international LNG and Gas markets, in particular Japan & Korea.
  • Knowledge of the regulatory frameworks governing energy markets..
  • Programming language knowledge such as Python, Matlab, R, SQL etc in an industry setting.
  • Experience developing, interpreting and improving models to analyze and report power markets.
  • Ability to interpret data and information to conclude and communicate price response.
  • Independent thinker; creative in finding alternative solutions
  • Proactive approach to delivering results; able to deal with conflict and field critical questioning.
  • Experience in quantitative modelling skills including working with large and incomplete data.
  • Commercial focus and applications of modelling to markets is essential.
  • Proficient with Excel and VBA.
  • Hold a degree in a quantitative, economics, statistical, mathematical, engineering or similar discipline.

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