Team Synopsis
Global Distillates Trading and Origination (GDIST) is part of the T&S Refined Products Trading Organization. It trades BaseOil, FuelOil, Gasoil, Diesel, Biofuels and Jet Fuel globally around our assets and third‑party relationships in sectors that include Aviation, Marine, GroundFuels & Lubricants. We have traders in London, Singapore, Chicago and representatives in the Middle East, Australia, Indonesia, China, Nigeria, Ghana, South Africa and Russia.
Role Summary
This position based in our London office will be primarily focused on entrepreneurial trading in both physical and financial markets for crude, distillate and fuel oil across the UK for BP Oil International trading business. Market traders are responsible for representing BP in the commodity and financial markets. The GDIST trader will initiate and complete trading strategies based on current economic, political, and financial conditions to deliver the financial plan of the book. The role has a focus on Sub Saharan Africa (SSA) and its interlinkages with East Coast Latin America.
Key Accountabilities
* Be responsible for a portion of the Distillate Options risk/exposure across various underlying financial instruments
* Consistently generate fundamentally based and well‑thought‑out trading ideas in the Hydrocarbon markets
* Keep informed of the relevant regulatory environment to ensure trading remains fully compliant and to find opportunities to extract incremental value
* Demonstrate a high level of attention to detail on trade entry and position management
* Develop and maintain 3rd party relationships with particular focus in SSA
* Work with Regional sub‑offices (RSO) in SSA and South America to develop BP’s capabilities and value generation over the long term
* Contribute to the strategic vision on how to build and sustainably grow the Distillate book globally
* Actively contribute and participate to the global Distillate market fundamental view
Essential Experience And Job Requirements
* Previous commodity trading experience
* Demonstrated ability to build networks & influence others
* Experience in handling counterparty and customer relationships in SSA or Latin America
* Detailed knowledge of the Distillate supply & trading industry
* Ability to think creatively and adapt to a changing environment
* Strong analytical skills, commercial mentality and attention to detail
* Knowledge of regulatory framework, fundamental balances and quality parameters for Distillate globally
* Strong bias for action
* Ability to deliver results under pressure (both time pressure and market volatilities)
* Knowledge of the BP new deal assurance process, including legal, compliance, regulatory reporting and financial reporting processes
* Knowledge of BP’s deal entry and exposure management systems
* Knowledge of BP Assets, key customers and how we optimise supply
Essential Education
Successful completion of T&S’ assessed trader’s course (ATC) with a recommended outcome, successful completion of BP’s CSP and/or previous commodity trading experience.
Benefits
We offer flexible working options, a generous paid parental leave policy, excellent retirement benefits, among others.
EEO and Accommodation
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
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