Entity: Supply, Trading & Shipping Job Family Group: Supply & Trading Group Job Description: T&S RPTE Oil Operations team are Experts in Oil Movement.
The Oil Operations team is dedicated to managing the risk and maximising the commercial value of each individual trade through collaboration and sharing of detailed knowledge with both internal and external parties. As a result of many years hard work and dedication to BP’s core values the team has built a reputation which identifies them as the safest and most efficient oil transporters and earned global recognition as the ‘experts in oil movement’.
Trading Operations (part of Oil Operations) is approximately 70 people responsible for providing deal management post trader execution ensuring that all contractual and operational requirements are fully met. The RPTE Trading Operations Team covers Crude, Products, Bio-Fuels, Chemicals, Marine and Base Oils; as such it plays a major part in the delivery of the targets and objectives. In support of the global trading books the team has key relationships with teams in the US and Singapore.
The Trading Operator manages the logistics of a deal to BP's best commercial advantage, ensuring that all contractual and group assurance obligations are met. Trading Operators also have a key role to play in ensuring that the front to back process runs smoothly and that valuable data and information is collected, entered and forwarded in a timely manner. This provides support to many other teams within T&S allowing effective management of the business.
RPTE strives to be recognised industry wide as the ‘Employer of Choice’. The position will be located in Canary Wharf and, in line with bp's global hybrid working policy, is expected to be office based 3 days per week. What you will deliver
You will be responsible for the contractual and financial performance of sales and purchase agreements. This will involve working closely with traders to maximise profits and minimise losses on trades. Your key accountabilities will include: Management of physical movements on behalf of the Trading Bench. Seeking to optimise movements, maximise value delivery and ensure adherence to safety & compliance.
Nominating oil movements and preparing all documentation instructions.
Where appropriate, appointing Cargo Assurance and/or independent inspectors.
Monitoring all liftings, maintaining awareness of demurrage implications and investigating outturn losses.
Adhering to HSSE and BP Shipping policies.
Recognising and understanding concepts of pre-finance and work with the credit teams to administer letters of credit, where appropriate.
Developing strong working relationships with traders, third parties, associates and other ST&S departments.
Accurate and timely entry of key data into the Trading Operations system of record, Operations Workbench (OWB).
The team actively assist in the design and development of the systems that the business will be implementing for the future benefit of ST&S and you may be requested to support and test new releases to ensure the system is fit for purpose.
When required, tracking stock positions within BP owned and third party tankage.
Demonstrating a thorough understanding of contractual agreements as well as our commercial position with respect to third party term contracts.
What you will need to be successful
The ideal candidate will have a good working knowledge of commodity trading and shipping environment or a good knowledge of refining and blending, or physical logistics and operations.
You should also be able to demonstrate or have a consistent record encompassing the following key foundation skills: Strong commercial instinct
Flexible and open problem solver
Pro-active and independent worker
Ability to work under pressure
Ability to prioritise and organise work
Relationship management across broad range of stakeholders including external relationships
A strong teammate
Attention to detail
Influencing skills
Performance Bias - focuses efforts and prioritises work to deliver business value
Business Awareness - takes account of inter-relationships between customers, suppliers, & the organisation
Partnership and Collaboration - actively engages and respects the diverse contributions of team, partners or networks
An understanding of commodity trading
Why Join us?
At bp, we provide the following environment and benefits to you: A company culture where we respect our diverse and unified teams, where we are proud of our achievements and where fun and giving back to our environment are highly valued
Possibility to join our social communities and networks
Learning opportunities and other development opportunities to craft your career path
Life and health insurance, medical care package
And many other benefits!
We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform crucial job functions, and receive other benefits and privileges of employment. Don’t hesitate to get in touch with us to request any accommodations!
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: Ancillary cost management, Commercial Acumen, Communication, Competitor intelligence, Customer service delivery excellence, Demurrage, Developing and implementing strategy, Group Problem Solving, Influencing, Inventory Management, Listening, Marine assurance, Mentoring, Negotiating, Shipping/transport, Supply chain management, Trade discipline and compliance, Trading and scheduling operations, Trading Fundamentals, Sentiment and Trends, Trading knowledge, Troubleshooting, Voyage operations 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 an accessibility need may request an adjustment/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 adjustment/accommodation
related to the recruitment process, please
contact us
.
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.