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Trader - Power

Trader - Power

  • Location Singapore - Singapore
  • Travel required Up to 10% travel should be expected with this role
  • Job category Supply & Trading Group
  • Relocation available This role is not eligible for relocation
  • Job type Professionals
  • Job code RQ062416
  • Experience level Intermediate
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Job summary

Entity:

Trading & Shipping


Job Family Group:

Supply & Trading Group


Job Summary:

This Power Trader role is a key commercial position as the bench looks to continue to build out its power business within bp’s Trading & Shipping group. The role will report to the VP Aspac Power Trading & Origination and is accountable for generating value trading and optimisation income in the Aspac energy markets, with a keen focus on deploying fundamental and technical based trade strategies across power, fuels and carbon. In addition to their own discretionary trading activity, the individual will help to facilitate customer flow/originated activities.


Job Description:

Key Accountabilities

  • Develop proprietary trading strategies and deliver spec based PnL through focus on power, fuels and carbon.
  • Assist in driving more robust market insight and deployment of well-informed risk.
  • Catalyst in advancing fundamental and detailed trading strategies for the bench whilst working with partners internally and externally to advance our stated digital aspirations:
    • Reimagining our trading processes through technology including automating everything and/or augmenting such processes to spend more time on valuable analysis and trading strategies.
    • Purposefully pursuing more value from our data and deploying low risk technology to improve our strategies and decision making.
  • Drive increased diversity of quality of earnings across value trading and optimization activity.
  • Provide direction and support to Origination in developing and quoting structural opportunities.
  • Active engagement and ownership with regulatory teams relative to evolving carbon regulation and corresponding market implications.
  • Leading trading exposure within defined risk limits (MVaR, position, vega etc).
  • Assist mid and back office personnel in resolving any checkout discrepancies between bp and the counterparties on the Trader’s trades.
  • Maintaining high ethical standards and following all market rules and regulations.
  • Promote and support our “Speak Up” culture unconditionally and showing up in line with desired bench culture and bp’s values and behaviours.

Crucial Experience

  • A track record of deep analytical thinking whilst realising diverse trading results generating speculative income in energy markets.
  • Knowledge of the key tools and instruments that can be used to place trading positions that reflect an individual’s or broader bench’s market call.
  • A deep knowledge of current and forward-looking fundamentals of the carbon market with a solid understanding of offsets, technical and regulatory drivers.
  • Strong technical ability (e.g. python) with validated ability to coordinate various forms of data to advise and support efficient decision making.
  • Knowledge of sources of relevant data for trading activity, how this can be handled, utilised and interpreted to understand positive and negative implications on the market and trading positions.
  • Ability to handle and thrive in ambiguous environments and with transactions of growing complexity.
  • Strong dedication to compliance.
  • Team mentality with the ability to receive and provide encouraging challenge.
  • Excellent knowledge/understanding of energy trading markets and trading instruments.
  • Attention to detail and ability to work within a timeframe orientated environment.
  • Thoroughly understands bp Policies, Trading & Shipping Compliance, the Code of Conduct and illustrates ability to call out concerns relating to non-compliance.


Travel Requirement

Up to 10% 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:

Commodity Trading, Energy Trading, Power Market, Power Trading, Trading Fundamentals, Sentiment and Trends, Trading Platforms, Trading risk controls, Trading Strategies


Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company.  We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with disabilities may request a reasonable accommodation related to bp’s 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 accommodation related to the recruitment process, please contact us to request accommodations.

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.

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