We are a global energy business involved in every aspect of the energy system. We have 75,000 employees in 80 countries, working towards delivering light, heat and mobility to millions of people, every day.
Integrated Supply & Trading (IST) is BP's commercial face to the global energy and commodity markets. We market the company's upstream production of hydrocarbons, secure feedstocks for our refinery system and provide services to external customers, including fuel supply and hedging solutions. Alongside crude oil, refined products and natural gas we also trade power, emissions, biofuels, metals and financial derivatives. We build enduring commercial partnerships that deliver a sustainable source of financial value to the company.
IST fosters a diverse and versatile workplace for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.
The IST Data Strategist team is a global team currently located on four of BP's trading floors worldwide in London, Houston, New York and Singapore. The team provides analytic support from a data science perspective to the trading and commercial teams within IST. Application of advanced machine learning and statistical analysis to trading problems is the team's main focus. The team works closely with traders, trading desk market analysts and the IT teams to contribute to the business.
An opportunity to join the data strategist team in a data analyst capacity in London is now available. The local focus will be to work side-by-side with the oil traders to develop systematic trading models and indicators that make a real impact and generate additional revenue.
You will utilize the technology platform, coupled with a proprietary market intelligence database, to deliver state-of-the-art decision analytics and trading tools to the commercial teams.
At the global level you will be expected to actively collaborate with the other team members and make contributions to the development of the data strategists team capability.
You will report into the global head of IST Data Strategists based in London.
You will join a global team of data strategists and make immediate impact.
Areas of work will include:
Develop, demonstrate and deploy analytical tools, based on data analysis of both financial and fundamentals data sets, to oil trading teams. A core focus will be on working with traditional and new "alternative data" sources to develop trading signals
Application of a rigorous statistical framework for hypothesis testing and risk management
Delivery of novel, high impact solutions to requests from the trading teams that directly impact commercial decision-making and revenue generation
Lead the relationships with our commercial teams and understand the commercial strategies of their respective businesses. You will be embedded within a global oil trading team which has a successful track record and broad mandate to trade across the energy spectrum
Significant contribution in building a library of models and tools, with the potential for pan-IST application
Work closely with key IT&S technology teams across IST to ensure robust and scalable solutions for use by commercial teams
PhD or MSc degree in a highly quantitative discipline (e.g. physics, mathematics, electrical engineering or computer science)
Undergraduate in a quantitative discipline.
Essential experience and job requirements
Industry experience in data analysis and predictive modeling, in a front office role in an investment bank, hedge fund or energy major
Advanced machine learning, probability and statistics knowledge with the working knowledge on how to model and capture traditional sources of systematic alpha
Ability to communicate complex quantitative analysis and analytic approaches in a clear, precise, and actionable manner
Exceptional programming skills, with advanced knowledge of scripting languages, for example Python, R. Ability to write production ready, highly reliable and tuned numerical code
Consistent track record of:
Solving hard problems through the creative application of technology
Delivering tools and decision analytics that facilitates transactions and creates commercial value for the business
Dedicated engagement with commercial teams
Demonstrating creativity in delivering commercial solutions
Effective social and networking skills are essential to ensure successful engagement of the data strategists with the commercial stakeholders in the trading organization
Strong team working skills to promote continued teamwork within the data strategist team as well as between various IST teams
Ability to design and implement bespoke solutions to problems with rigor and judgment in a busy trading environment to strict time deadlines is critical
Ability to educate IST stakeholders on new methodologies and benefits to their corresponding businesses
Experience in commodity and/or financial markets.
The team has a strong practical emphasis with a focus on providing solutions to the commercial teams in short time frames. Coding advanced numerical schemes and design of the user-friendly and commercially applicable solutions (in collaboration with the technology teams) are key activities for the group. You should have a strong blend of data science knowledge, computer science skills and commercial acumen.