Trading Operator

Job ID: 664209
Location: London
Category: Operations
Salary: Negotiable
Job Views:
110
Job Type:
Contract
Posted:
04.27.2017
Role synopsis
Operations is a vital part of crude and products supply and trading. In Oil Europe operators cover physical, paper and refinery operations across a large geographical region and deal with a wide variety of cultures and disciplines. The operator manages the logistics of a deal to BP's best commercial advantage whilst ensuring that all contractual and group assurance obligations are met. This is achieved by operators working closely with trading and chartering teams during the commercial decision making process, where the operator will add a broad discipline background to prevent unplanned events impacting any expected profit or loss. The role requires an ability to be able to work under periods of pressure where the skills to prioritise and make decisions will be called upon.

Operators will be expected to build up strong relationships with internal and external counterparts and to use these contacts to extract as much commercial benefit as possible from a trade. As such, the role is an ideal opportunity to develop communication and negotiation skills. Where required, operators are encouraged to meet counterparts on a face to face basis.

To allow "value added", the operator will be expected to understand all aspects of the physical trade, including but not limited to INCO terms, shipping, legal, barging, terminal operations as well as having a basic understanding of legislation around areas such as as: Tax, REACH, ADN etc. Within their sphere of influence, operators are expected to influence trading decisions.

Operators have a key role to play in ensuring that the front to back process runs smoothly and that valuable data and information is collected, forwarded and entered into the relevant backoffice systems in a timely manner to enable supporting functions to execute their responsibilities which mitigates exposure to working capital and PnL.

The post is ideal for learning the skills necessary to trade physical oil commodities or to excel in a highly commercial environment.

Key accountabilities
Responsible for the contractual and financial performance of sales and purchase agreements.
Work closely with traders to maximise profits on trades.
Nominate oil movements and prepare documentation instructions.
Appoint Cargo Assurance and Independent Inspectors where necessary.
Monitor lifting’s, be aware of demurrage implications and investigate outturn losses.
Adhere to HSSE and Shipping policies.
Understand concepts of pre-finance and administer stand by and full documentary letters of credit, where appropriate.
Develop strong working relationships with traders, 3rd parties, Associates and other IST departments.
Accurate and timely data entry is essential, as is a good working knowledge of IT. The team actively assist in the design and development of the systems that the business will be implementing for the future benefit of IST.
Capable of tracking stock positions within own and third party tankage.
Have full understanding of contractual agreements as well as our commercial position with respect to Third Party term contracts.
Essential Education
N/A
Essential experience and job requirements
Trading operators come from a wide variety of backgrounds with differing levels of experience and expertise which is beneficial when considering the width of the role.
It will be required to have operational experience and a good working knowledge of the energy trading and shipping environment and a good knowledge of Refinery operations and Blending.

Additionally you should be able to demonstrate or have a proven track record encompassing the following key foundation skills :

Strong commercial instinct.
Flexible and open thinker.
Pro-active and independent worker.
Ability to work under pressure.
Ability to prioritise and organise work.
Ability to work to numerous and frequent deadlines.
A strong team player.
Attention to detail.
Influencing skills.

Performance Bias - Focuses efforts and prioritises work to deliver business value
Business Awareness - Takes account of inter-relationships between customers, suppliers, & the organisation
Partnership and Teamwork - Actively engages and respects the diverse contributions of team, partners or networks
Other Requirements (e.g. Travel, Location)
There are no additional requirements.
Desirable criteria & qualifications
N/A
Relocation available
No
Travel required
Negligible travel
Is this a part time position?
No
About BP
Our business is the exploration, production, refining, trading and distribution of energy. This is what we do, and we do it on a truly global scale. With a workforce of 80,000 employees, BP operates with business activities and customers in more than 80 countries across six continents. Every day, we serve millions of customers around the world. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.

Integrated Supply & Trading (IST) is BP's face to the traded markets for BP in oil, gas, power, chemicals and finance. IST's role is to enhance Group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by a world class finance, control and compliance infrastructure. IST has a dynamic and highly skilled workforce, which creates value by combining analysis and commercial innovation with the material asset base of BP.

IST Global Oil Europe (GOE), a Business Unit of IST Global Oil, serves three primary purposes. First and foremost, it provides a trading and execution service to BP's assets in Europe and Africa. This includes assisting equity marketing, crude supply, product import/export, and price risk management. Secondly, Global Oil Europe seeks to make use of its skills, global connectivity and market insight to generate entrepreneurial trading income. Thirdly, Global Oil Europe is accountable for ensuring a robust compliance and trading infrastructure, including systems and controls.

IST fosters a diverse and inclusive 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.
Segment
Integrated Supply & Trading
Closing Date
05-May-2017
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