Trading Analyst

BP•Chicago, IL

2d•$98,000 - $140,000•Hybrid

About The Position

The Trading Analyst will be part of the front-office commercial trading team and directly support the Distillates, Biofuels, and High Sulfur trade desks. The role supports the full deal lifecycle, including deal capture and entry in the system of record and trader sheets, validation of commercial terms, coordination of amendments and cancellations, investigation and resolution of data, position, and valuation breaks, and follow-through with traders and middle- and back-office teams to keep deals accurate through settlement. The analyst may also assist with additional bench projects as requested. This is a dynamic front-office role with direct engagement with the trading bench and may serve as a stepping-stone to a front-line commercial role. The position ensures that deal information and trader marks are accurately and promptly recorded, performs end-of-day reconciliations, monitors physical and financial deals and positions, and supports timely resolution of issues. It also contributes to desk process improvements, maintains procedures and desk documentation, monitors deal-entry metrics and regulatory requirements, and prepares summaries for the trading bench. The role requires close coordination with traders and middle- and back-office teams and a commitment to a safe and compliant work environment.

Requirements

Bachelor’s degree or equivalent experience.
Ability to work under pressure within specified timelines and due dates.
Strong attention to detail.
Strong Excel skills.
Ability to manage competing priorities.
Self-motivated.
Proven interpersonal and communication skills.
Knowledge of trading deals and commercial terms.
Ability to improve efficiency and reduce complexity through process improvements.
Bias toward open thinking and learning.
Good documentation and organizational skills.
Willingness to foster a safe and compliant work environment.
Strong negotiation skills.

Responsibilities

Promptly update the system of record and trader sheets with new deals, reconcile discrepancies, and follow through to resolution.
Perform end-of-day reconciliations between the system of record and trader sheets, and ensure trader marks are properly loaded.
Explore and implement improvements to trade-desk processes and ways of working.
Understand and interpret trading deals, question potentially inaccurate details, and ensure deal entry aligns with regulatory requirements, including timely entry and resolution of issues affecting reporting data flow.
Keep deal-entry metrics in line with KPI expectations and record explanations for deal-entry errors.
Maintain current procedures and document them in the desk manual.
Serve as a point of contact for middle- and back-office questions or issues concerning deals on the bench.
Coordinate deal amendments, cancellations, and lifecycle updates, ensuring changes are reflected consistently in the system of record and trader sheets.
Monitor daily physical and financial deals, including location and timing, and reconcile positions across trader tools, the system of record, and relevant reports.
Investigate position and valuation breaks, identify root causes, and coordinate timely corrections or escalation of critical issues with traders and relevant middle- and back-office teams.
Prepare clear and timely summaries for the trading bench, highlighting material changes, limit concerns, data-quality issues, and items requiring trader action.
Assist with additional bench projects as requested.
Foster a safe and compliant work environment.

Benefits

Annual base salary range of $98,000–$140,000 USD.
Discretionary annual bonus program.
Long-term incentive program.
Retirement benefits, including a 401(k) matching program and a pension for eligible employees.
Health, vision, and dental insurance.
Life insurance and short-term and long-term disability coverage.
Paid vacation of 120–240 hours per year for full-time employees, depending on relevant industry experience.
Nine paid holidays per year and two personal choice holidays.
Up to eight weeks of paid parental leave for the birth or adoption of a child.
Flexible working options may be available.