Role Synopsis
The Low Carbon Trader will trade 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 trader will manage compliance and entrepreneurial positions, as well as be responsible for pricing and supporting the low carbon origination activity in Trading & Shipping. As a trader on the LCT Team, you’ll work within a team environment and will support other LCT traders and originators and their activities related to biofuels and carbon offsets. This trader must contribute speculative trading strategies based on in depth analysis of fundamental and technical data. Ideally, you have experience trading derivatives, environmental credits, or products with exposure to environmental credits, and a deep understanding of associated 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 programs to meet Environmental, Social, and Governance commitments. LCT is a global team operating in Chicago, Houston, Calgary, London and Singapore.
Job Advert
Key Accountabilities:
Manage & optimize trading exposure for compliance
Collaborate strategy and back-up the Low Carbon Emerging Markets Trader
Execute speculative trading strategies as liquidity allows
Manage risk for compliance, speculative and origination activity
Optimize the portfolio and build the portfolio positions within risk limits
Provide support to business development, supply, and marketing teams
Develop expertise in modeling cross commodity correlations and relationships
Generate entrepreneurial profit by taking positions in options, futures, and physical
Build trading execution tools
Essential Education:
Bachelor’s degree required
Essential Experience and Job Requirements:
Excellent integrity and character
Strong analytical skills, commercial mindset, and attention to detail
Solid understanding of options Greeks
Demonstrated knowledge of regulatory environment and processes
Control and compliance familiarity in a trading environment
Strong communications skills (written and verbal)
Ability to multi-task and prioritize independently
Self-starter, independent thinker, and willingness to develop solutions and opportunities proactively
Deep knowledge of North America energy markets
Desirable Criteria:
Positive track record trading derivatives, environmental credits, and energy commodities
Ability to code and build models to support trading decisions
#LI-MH1
Entity
Trading & Shipping
Job Family Group
Supply & Trading Group
Relocation available
Yes – Domestic (In country) only
Travel required
No
Time Type
Full time
Country
United States of America
About BP
TRADING & SHIPPING
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, fuelled 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 trader.
Join us and help us achieve these goals by:
- developing and continuously evolving a globally diversified portfolio that accesses new markets, commodities and commercial opportunities
- collaborating with our business groups to provide innovative commercial and marine solutions that add value to bp’s assets and flows
- delivering high-quality earnings and creating an organisation that is swift to identify and optimise market insights
- navigating a new era of energy for our planet, by sea
- acting with respect and integrity at all times, with the people we work with and the markets we operate in
- maintaining a comprehensive, rigorous and holistic risk control framework that ensures we operate in a safe, compliant and efficient way at all times
- empowering the deep expertise and leadership of our people
Experience Level
Senior
Legal disclaimer
If you are selected for a position in the United States, your employment will be contingent upon submission to and successful completion of a post-offer/pre-placement drug test(and alcohol screening/medical examination if required by the role) as well as pre-placement verification of the information and qualifications provided during the selection process. The drug screen requires a hair test for which BP must be able to obtain a sufficient hair sample for analysis (~4 cm/1 ½” scalp, or > 2 cm/¾” body – arms & armpits/legs/chest)
As part of our dedication to the diversity of our workforce, BP is committed to Equal Employment Opportunity. Applicants will receive consideration for employment without regard for race, color, gender, religion, national origin, disability, veteran status, military status, age, marital status, sexual orientation, gender identity, genetic information or any other protected group status. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may contact us or have one of your representatives contact us at [email protected]; or by telephone at 281.366.1999.
Read the Equal Employment Opportunity is the Law poster and the poster supplement – for more information about Equal Employment Opportunities. (Spanish version)
BP is an equal employment opportunity and affirmative action employer. View our policy statement
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