Retail Supply Trader

bp•Houston, TX

9d•Hybrid

About The Position

The Retail Supply Trader participates in the management and profitability analysis of the Trading Commercial & Industrial retail electricity load portfolio. The role identifies commercial opportunities and works with affiliate business units and functional groups to develop and deploy solutions that use fundamental analysis, advanced analytics, and market acumen. The trader supports portfolio optimization and retail pricing, provides market access and price discovery, executes approved-product transactions for BP clients, and contributes to customer relationships and marketing efforts. The position is responsible for hedging and optimization across the retail customer portfolio, pricing and managing non-standard products, supporting portfolio strategy, managing risk and load exposures, and coordinating customer-specific contract language with Legal. It also maintains relevant databases and complies with internal policies and applicable regulatory and exchange requirements.

Requirements

Bachelor’s degree in a quantitative field such as mathematics, statistics, IT, quantitative finance, or engineering.
Mid-level experience related to retail analytics, trading, demand response, portfolio optimization, or asset optimization.
Strong working knowledge of ISO markets, the electric power grid, and the marketplace, specifically in the ERCOT, NYISO, NEPOOL, MISO, and PJM regions.
High proficiency in Excel and working knowledge of VBA and SQL.
Analytical skills for pricing, risk assessment, and transaction structuring.
Ability to work as a strong individual contributor with a consultative style and strong collaboration and teamwork.
Ability to work across multidisciplinary functions and departments.
Proficiency in collecting, querying, organizing, and analyzing complex data, evaluating information, and drawing logical conclusions.

Nice To Haves

Working knowledge of Python.

Responsibilities

Maintain and provide transactable prices for approved tradable products and market information to retail pricing functions, salespersons, and customers.
Provide market access, price discovery, and transaction execution for approved products for BP clients.
Work with the Marketing team to guide efforts toward opportunities aligned with trading ideas.
Help maintain customer relationships by applying market fundamentals expertise and communicating that knowledge to broader audiences.
Manage hedging and optimization activity for BP’s retail customer portfolio.
Price, manage, and book non-standard products, including shaped schedules, odd-lot deals, off-hub locations, and options.
Assist in developing the Portfolio Management strategy.
Identify structured opportunities and participate in closing transactions when necessary.
Manage risk associated with a non-standard portfolio within allocated risk limits.
Manage forecasted load deviations and exposures in prompt and cash months.
Work with the Legal Team to draft customer-specific contract language as needed.
Build and maintain databases as necessary.
Understand and comply with internal policies and those of the CFTC, SEC, FERC, and other applicable regulatory bodies or exchanges.