Carbon Optimizer

Entity: Supply, Trading & Shipping Job Family Group: Supply & Trading Group Job Description: About us Our purpose is to bring together people, energy and markets to power and navigate a changing world. In a time of constant change and possibility we need new talent to pursue commercial opportunities, fueled by world-class insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too. Together we continue to grow as the world’s leading energy company! About the role The Low Carbon Optimizer will optimize carbon emission credits and options within the Low Carbon Trading (LCT) Team and will be integral to the success of bp’s low energy transition. This role will manage compliance and entrepreneurial positions, as well as be responsible for supporting the low carbon origination activity in Trading & Shipping. As an optimizer on the LCT Team, you will be working alongside traders and originators to grow commercial activities related to Cap & Trade programs, carbon credits from biofuels, and carbon offsets. This role must develop speculative trading strategies based on in depth analysis of fundamental and technical data. The ideal candidate has mid-level experience in derivatives, energy, or environmental credits and mastered relevant fundamentals. LCT trades environmental attributes that mitigate greenhouse gases. LCT products are associated with biofuels, stand-alone carbon markets such as cap and trade programs, or opt-in voluntary offsets that sustainability contribute to Environmental, Social, and Governance (ESG) goals. LCT is a global team working in London, Chicago, Houston, Calgary, and Singapore. Key Accountabilities: Analysis Build deep understand of relevant regulations to ensure BP compliance Collaborate with BP analytics to inform the market view and understand the impact of market developments Strategy Generate entrepreneurial profit by taking positions in options, futures, and physical Assess, propose, and prioritize agreed trading strategies that are workable and adequately resourced to deliver commercial value Optimize and manage risk for compliance, speculative and origination activity Ensure the risk/reward of trade strategies are properly analyzed, understood, and communicated Execution Work with team members to implement the trade strategy, using approved physical and financial instruments Optimize in a disciplined manner within agreed limits Understand and ensure that exposure reports are accurate such that the system of record is right with timely reconciliation of discrepancies and address issues or questions that arise from middle or back office. Ensure deal entry metrics stay in line with key performance indicator (KPI) expectations Understand and manage transactional risks assuring required credit limits are in place, funding requests are driven, and records of transactions are available for reporting purposes. Build out or improve trading execution tools Back-up other traders on the bench Collaborate with originators to inform price for both compliance credits and voluntary offsets Development Develop relationships with external market participants Keep abreast of relevant trading processes and procedures, understand how new business is captured and reflected in bp’s system of record and follow deal entry requirements Support the origination, business development, and structuring teams Understand and master cross commodity correlations and margins Essential education, experience and job requirements: Bachelor’s degree required Strong analytical skills, commercial mentality, and attention to detail Track record of entrepreneurial PnL delivery through trading and related commercial experience Control and compliance familiarity in a trading environment Adhere to our beliefs and how we work at bp Progress our culture to foster continuous improvement on the bench Excellent integrity and character Ability to multi-task and prioritize independently Self-starter, independent problem solver, and willingness to develop solutions and opportunities proactively Strong communication skills (written and verbal) Desirable experience Ability to code and build models to support trading decisions Familiar with relevant environmental policies and regulations How much do we pay (Base)? 98,000 - 140,000 USD Annually Note that the pay range listed for this position is a genuinely expected and reasonable estimate of the range of possible base compensation at the time of posting. This position is eligible for US Benefits – Core. This position offers paid vacation depending on your years of relevant industry experience and will range from 120 – 240 hours of vacation per year for full time employees. You will also be eligible for 9 paid holidays per year and 2 personal choice holidays. You may learn more about how we calculate paid vacation and view our generous vacation and holid