Structurer

bp

Entity: Supply, Trading & Shipping

Job Family Group: Supply & Trading Group

Job Description:

The Trading Analytics & Insights team sits within the front office and delivers a broad range of analytical capabilities that directly supports our energy commodities trading activity. Within Trading Analytics & Insights, the Structuring team focuses on providing structuring expertise across the Oil, Gas & Power, and LNG businesses.

An opportunity is currently available for a Structurer to join the team and provide deal structuring expertise to the commercial teams. Structurers are primarily responsible for:

• Partnering proactively with traders, originators, and business functions to analyse opportunities and design commercial structures.
• Developing valuation and hedging models for energy assets and exotic structured transactions.
• Supporting the value assessment of transactions by identifying and quantifying the embedded optionality, risks, and relevant value drivers.

In This Role You Will:

• Physical and Financial Products Valuation
• Design and improve physical and financial products valuation models and techniques.
• Maintain knowledge of industry standard models and methods and calibrate models and evaluate deals.
• Understand models’ strengths and limitations and practical application.
• Communicate Results to Traders, Origination and Other Analysts
• Offer commercial insight into the valuation process, devising and advocating alternate deal structures to enhance value for the business.
• Able to defend the results and incorporate relevant feedbacks.
• Able to explain structured transactions in basic components.
• Work with Wider Commercial Team and Functions
• Develop approaches to assess non-standard or non-price risks imbedded in transactions on the go.
• Assist mid and back office personnel in understanding proposed deals, develop a collaborative relationship around the booking/modelling of live deals within the middle office and risk systems.
• Work with relevant parties to identify and quantify both market and non-market risks and assist proposing hedging and other mitigations if available.

Essential Experience & Job Requirements:

• Degree level qualification in a numerate subject (e.g. mathematics/economics/physics/engineering or similar).
• Experience in quantitative / structuring / commercial roles in the oil and gas markets, especially in Asia Pacific. Experience in other commodities markets will be considered.
• Exposure to deal structuring on financial products or long term structured transactions.
• Cashflow modelling and asset valuation experience on commodities.
• Good understanding of the key elements of the value chain and key drivers setting commodity prices, spreads and non-linear product pricing.
• Ability to refine tools and other complex models. High attention to detail to ensure robust and reliable analysis.
• Clear and succinct communication skills in order to explain impact on deal value of price changes (level, spreads and dynamics) as well as valuation assumptions and hedging strategies.
• Confidence to challenge assumptions and offer practical solutions.
• Good interpersonal skills to develop and maintain collaborative relationships within the structuring team as well as with stakeholders across the business.
• Ability to identify and prioritize potential opportunities and to act quickly and decisively.

Desirable Criteria & Qualifications:

• Postgraduate qualification in a finance or quantitative area or CFA designation will be a plus.
• Strong experience in managing exposure and valuation of crude or products long term agreements, asset-backed and structured transactions with producers, terminals, shippers, or other assets with physical optionalities.
• Candidates with experience in capital structuring and/or M&A advisory within the banking sector, combined with commodity markets exposure and strong analytical capabilities, will also be considered.

At bp, we provide the following environment and benefits to you

• A company culture where we respect our diverse and unified teams, where we are proud of our achievements and where fun and the demeanor of giving back to our environment are highly valued
• Possibility to join our social communities and networks
• Learning opportunities and other development opportunities to craft your career path
• Life and health insurance, medical care package and many other benefits!

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform crucial job functions, and receive other benefits and privileges of employment.

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, 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