Job Description:

The Analytics & Insights team is responsible for providing analysis of Oil, Gas, Power and Emissions markets to the trading and origination teams within Supply, Trading & Shipping. Analysis performed by the team provides commercial value by keeping traders, originators, and management informed of underlying views that affect the markets as well as a toolkit to quantify these views and their price discovery.

The Market Strategist role resides in the Gas and Power Strategist team. One of the core elements of this field is to identify changes in supply and demand fundamentals within different regions of the market and communicate the likely impact on price action to the trading and origination teams. This key role will work alongside the bench to provide such analysis in service of crafting models, foundational views and trading strategies in line with changing market dynamics. Analysis performed by the individual and team will have a direct linkage to commercial value creation and assist in keeping traders, originators, and management informed of underlying fundamental views that affect the markets.

This role supports our Brazil Power team based in Sao Paulo. The Brazil Power business is part of BP Supply Trading and Shipping, an industry leader in Energy Trading. This will include learning, creating and maintaining models, assumptions and data to provide a quantitative and fundamental framework for pricing and risk analysis in both the short term and long term space while engaging with the interested parties in the trading and origination teams to take and manage risk. The role will also involve working with other strategists to refine, communicate and constantly improve the toolkit.

Applicants must have significant experience with Brazil power markets and their analysis with a track record of delivering analysis and statistical models in a commercial environment.

Key Accountabilities

• Be the primary contact for Brazil Power analytics to all partners.
• Constantly supervise market news and regulatory developments in Brazil and alert collaborators in real time where appropriate.
• Providing clear market analysis and trading strategies to the Power desk.
• Run price forecasts (NEWAVE, DECOMP, DESSEM) and sensitivities autonomously.
• Continuously improve and expand analytics toolkit (models, dashboards and reports).
• Work alongside other strategists, meteorologists and vendors to capture tradeable insights.
• Evolve and develop proprietary models for forecasts (demand, distributed generation, wind, hydro).
• Run innovative analysis to propose and support trading and origination opportunities (time and region spreads, modulation, i5).

Essential Education

Hold a degree in a quantitative, economics, statistical, mathematical, engineering or similar field

Job Requirements

• Spoken and written fluency in Portuguese and English.
• Extensive experience with Brazil power markets as either a trader or an analyst on a trading/origination team.
• Extensive experience with the fundamentals that drive Brazil Power and related markets. This includes familiarity with Brazil hydro and other fundamental drivers of market risk.
• Extensive experience with regulatory frameworks governing energy markets in Brazil.
• Experience working with Python, SQL and Excel in a professional setting.
• Experience with building models in NEWAVE, DECOMP and DESSEM, running them and interpreting the results.
• Ability to interpret data and information to conclude and communicate views both formally and informally.
• Independent thinker; creative in finding alternative solutions
• Proactive approach to delivering results; able to deal with conflict and field critical questioning
• Experience in quantitative modelling skills including working with large and incomplete datasets.

Desirable Criteria

• Experience with NORUS cloud services to run BR power models.
• Experience with using Hydro outlooks from Reuters and TempoOk
• Experience with applying cutting edge quantitative modeling approaches like machine learning to professional models.

Note: Individual Contributor

Work Schedule: 80/20

Why join us
At bp, we support our people to learn and grow in a diverse and high-reaching environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly.

There are many aspects of our employees' lives that are meaningful, so we o8er benefits (https://exploreyourbenefits.com/landing.html) to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, among others!

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.

BEWARE - RECRUITMENT FRAUD
It has come to our attention that there are a number of fraudulent emails from people pretending to work for bp. Please be advised that we do not require any forms of payment or course by applicants to be considered for open positions.

Travel Requirement
Negligible travel should be expected with this role

Relocation Assistance:
This role is eligible for relocation within country

Remote Type:
This position is a hybrid of office/remote working

Skills:
Agility core practices, Analytical Thinking, Computational Thinking, Continuous Learning, Data Analysis, Data cleansing and transformation, Data Management, Data Sourcing, Data visualization and interpretation, Dialogue enablement, Exposure Management, Machine Learning (ML), Macroeconomics, Market analysis methods, Market Risk Management, Sentiment and Trends, Statistics, Trade execution and management, Trading Fundamentals, 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.