Structurer

Job summary

Entity:

Supply, Trading & Shipping

Job Family Group:

Supply & Trading Group

Job Description:

Duties:

Work proactively with marketers, originators, and traders to develop power and other cross commodity products. Build and manage positive relationships with marketers, originators and traders to better understand current issues/hurdles and provide investment recommendations. Act as a subject matter expert for valuation and partnering with a commercial development director, commercial staff and other relevant stakeholders to guide deals through the assurance and approval process. Structure and value deals by quantifying the embedded optionality, risks, and relevant value drivers. Propose better value capture, hedging and risk management methods to commercial stakeholders. Leverage Python to develop and improve valuation and hedging models of energy assets and exotic structured transactions, and to build automated risk and deal pricing systems. Challenge and validate modelling approaches via back-testing and conducting research studies of price dynamics in the real vs. modelled world. Bring in latest developments in AI and Machine Learning to make pricing and hedging more efficient by reducing deal pricing time and automating processes. Provide deal expertise to the TS Trading Analytics and middle office staff to ensure system accurately reflects valuation and exposure while identifying both commercial and risk objectives. Collaborate and stay connected with the wider Trading & Shipping Analytics team responsible for developing and implementing modelling tools. May work from home on a hybrid schedule within 50 miles of New York, NY).

Minimum Requirements:

Ph.D. degree or foreign equivalent in Applied Mathematics, Physics, Economics, or closely related quantitative field plus two (2) years of experience in a related occupation. Within the two (2) years, experience must include the following: supporting structured products sales team and trading desk in real-time; quantitative modelling; risk management techniques and discounted cash flow analysis; statistical analysis including univariate and multivariate modelling; forecasting, market and portfolio risk modelling; application of option pricing theory in developing pricing models and development of automated structured derivative pricing platforms; and ability to explain impact on deal value of price changes (level, spreads, and dynamics) as well as valuation assumptions and hedge strategies to technical, non-technical, and leadership team stakeholders.

How much do we pay (Base)? $152,339.00 - $264,000.00 per year (please note the pay range listed for this position is a good faith and reasonable estimate of the base pay range for this position at the time of posting. You may learn more about our generous benefits here Explore Our Benefits.)

Travel Requirement

Negligible 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:

Agility core practices, Analytical Thinking, Computational Thinking, Continued Learning, Data Analysis, Data cleansing and transformation, Data Management, Data Sourcing, Data visualization and interpretation, Dialogue enablement, Exposure Management, Machine Learning, Macroeconomics, Market analysis methods, Market Risk Management, Statistics, Trade execution and management, Trading Fundamentals, Sentiment and Trends, Trading knowledge

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.