Market Strategist, Australia Power

Job Summary

Entity: Trading & Shipping

Job Family Group: Supply & Trading Group

The APAC power business in Trading & Shipping aims to build a well-balanced, tradable portfolio in power across our targeted markets, focusing first on Australia and Japan. The business growth is driven through the execution of an integrated power strategy from generation through to C&I and end-use markets, as well as a trading desk that consistently demonstrates edge.

The Market Strategist role resides in the Gas and Power Strategist team (part of the larger analytic function). A core element of this discipline 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 creating models, foundational views, and trading strategies in line with changing market dynamics. Analysis performed by the individual and team will link directly to commercial value creation and assist in keeping traders, originators, and management informed of underlying fundamental views that affect the markets.

This role will involve creating market and fundamental views that drive the valuation of long-term deals in the Australian power markets. These views will require developing and maintaining models, data, and assumptions to provide a quantitative and fundamental framework for long-term valuation, as well as a deep understanding of the short-term view. The role will require communication of these views externally to customers and counterparties, as well as internally to originators, structurers, traders, and other strategists. Additionally, the role will influence strategy at the group level to help meet bp’s broader ambitions.

The role requires an understanding of the linkages between the Australian Power and Carbon, Hydrogen, and other green markets as they develop over time, focusing on identifying and executing opportunities for Trading & Shipping and the broader BP group.

Key Accountabilities:

• Work closely with the APAC Power team to deliver analysis to support day-to-day trading activities in Australian Power (NEM).
• Deliver analysis to support longer-term views for origination and/or group initiatives.
• Develop and/or maintain the models and reports required to provide the framework for trading support.
• Work with sister disciplines to evolve modelling approaches utilizing emergent technologies and ideas.
• Incorporate new ways of thinking and technical and fundamental factors into modelling.
• Drive automation and standardization of data to achieve process and resource efficiency.
• Provide ad hoc support to the trading team, originations team, and the wider BP group.

Desired Experience:

• Experience with power markets as either a trader or an analyst on a trading/origination team.
• Experience with power and related markets in Australia.
• Experience with regulatory frameworks governing energy markets in Australia.
• Experience working with Excel, Python, and SQL in a professional setting.
• Experience developing, interpreting, and improving models to analyze and report power markets.
• Ability to interpret data and information to conclude and communicate price response.
• Independent thinker; creative in finding alternative solutions.
• Proactive approach to delivering results; able to deal with conflict and field critical questioning.
• Ability and desire to work in a fast-paced, dynamic trading environment.
• Commercial focus and applications of modelling to markets is essential.
• Hold a degree in a quantitative, economics, statistical, mathematical, engineering, or similar discipline.
• Experience with Australian Coal markets.
• Experience with power stack models and dispatch optimization.

Why join us?

At bp, we support our people to learn and grow in a diverse and challenging 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. We offer benefits to enable your work to fit with your life, including flexible working options and paid parental leave policy.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodation.

Travel Requirement: Some travel may be required with this role; this is negotiable.

Relocation Assistance: Relocation may be negotiable for this role.

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

Legal Disclaimer: We are an equal opportunity employer and value diversity at our company. We do not discriminate based on 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. If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.