At a Glance
- Tasks: Analyse global oil markets and provide insights for strategic decision-making.
- Company: Join bp, a leader in sustainable energy solutions.
- Benefits: Flexible working options, modern office spaces, and career development opportunities.
- Other info: Diverse and inclusive environment with opportunities for international collaboration.
- Why this job: Make a real impact on the future of energy while growing your skills.
- Qualifications: Graduate degree in relevant fields and experience in energy analysis.
The predicted salary is between 60000 - 80000 £ per year.
Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner!
bp's Economic and Energy Insights team is seeking a qualified analyst to support our petroleum markets analysis. The successful candidate will have extensive background in the oil industry with a keen desire to understand how the upstream and downstream will evolve in the coming decades. The four main areas of work for the team include medium term (2-5 year) oil market updates, development and maintenance of models that provide insight and analysis for the long term bp Energy Outlook, provision of strategically relevant insights to the broader Strategy & Sustainability team as well as relevant stakeholders in Finance and Production & Operations as well as other groups. Another key responsibility is to provide price recommendations for oil and refined products for investment assurance and appraisal.
Key Accountabilities:
- Analysis of the global oil market over the short, medium, and long term within Economics and Energy Insights Team for various executive, other internal, and external stakeholders.
- Prepare and maintain analysis of oil supply and demand fundamentals over the medium and long term for internal usage across relevant business lines, for investment appraisal, refining and upstream strategy, and for external purposes in bp’s Energy Outlook.
- Provide quantitative and qualitative insights using scenario analysis that leverages in house expertise, external information services, and modelling capabilities.
- Long term refined product supply modelling and contribution to the bp Fuels Investment Price Set.
- Use analytical tools to improve existing processes and elicit new insights and refinery and upstream modelling to guide forecasts.
Essential Education:
- Graduate degree in Engineering, Business, Mathematics, Economics or related subjects
- Proven experience in energy analysis or the energy sector
Experience and Job Requirements:
- The role requires a dynamic individual to produce rigorous and commercial fundamental analysis to support BP’s macro analysis and its strategy work.
- International experience in research and consulting in the energy sector, with significant expertise in monitoring, analyzing and forecasting world energy and oil developments.
- Experience and familiarity with oil industry consulting and data services including but not limited to IEA, Rystad, Woodmackenzie, SPGlobal.
- Strong background in quantitative skills (statistics/regression modelling, mathematics, advanced computing, machine learning) and has preferably applied those skills to upstream and downstream forecasting.
- Expert proficiency in Microsoft Excel and strong proficiency with PowerBI.
- Excellent communication and presentation skills, with track record of successfully communicating complex ideas and issues to internal and external audiences.
Desirable Criteria:
- PhD or graduate level coursework in Economics including experience with time series modelling and forecasting.
- Proven track record of using advanced analytical techniques and complex data sets to produce targeted, accurate and timely analytical insights on global oil and gas markets.
- Prior experience in refining/downstream sector in an economics or strategy type of role with understanding of refinery processes, configuration, constraints, and environmental compliance.
- Experience using software packages for forecasting and data science including Python and associated packages, E-Views, and R.
Why join our team?
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 crafting an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, collaboration spaces in a modern office environment, and many other benefits! Reinvent your career as you help our business meet the challenges of the future. Apply now!
Travel Requirement: Up to 10% travel should be expected with this role
Relocation Assistance: This role is not eligible for relocation
Remote Type: This position is a hybrid of office/remote working
Skills: Analysis and modelling, Communication, Data Analysis, Econometrics, Economics, Statistics
Senior Downstream Market Advisor in London employer: BP PLC
At Castrol, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration. As a Digital Portfolio Lead, you'll have the opportunity to drive impactful digital transformation initiatives while enjoying a flexible hybrid working model in vibrant locations like London or Pune. We are committed to your professional growth, providing competitive rewards and a supportive environment where diverse perspectives are valued, ensuring you can make a meaningful impact in your role.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Downstream Market Advisor in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like BP PLC. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Downstream Market Advisor in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to BP PLC.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on BP PLC's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at BP PLC
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with BP PLC.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at BP PLC will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former BP PLC employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
