Entity:
Supply, Trading & Shipping
Job Family Group:
Supply & Trading Group
Job Description:
The Market Data Business Analyst will report to the ST&S Global Manager, Market Data, and will support all aspects of market data business analysis, including (but not limited to):
- Review product and service requests from the business to ensure suitability, consistency, and cost effectiveness
- Recommend data sourcing options aligned to business needs
- Analyse market data pricing, subscriptions, and reference data feeds, including related processes and enterprise data management
- Apply a working knowledge of market data challenges (e.g., global differences, cross-asset vendor identifiers, legal entity data, file formats, usage rights, and compliance)
- Monitor and provide updates on rights policies for exchanges and trading venues, as applicable
- Build strong partnerships with internal stakeholders and vendors
- Conduct onsite visits across the bp group, liaising with business users
- Provide on-demand data cost optimisation insights to support cost management
- Maintain a strong understanding of real-time and non-real-time market data systems, services, and subscriptions
- Apply knowledge of entitlements and permissioning systems
- Demonstrate an appreciation of the technical delivery systems used for market data
- Perform product comparisons and gap analysis
- Prepare and present financials, spend analysis, and reporting
- Partner across all levels of seniority within the bp group to deliver value, consistency, and transparency
What You Will Deliver
The Market Data Business Analyst will also:
- Collaborate across ST&S, Downstream, and Upstream business units to provide guidance on market data services, products, and strategy
- Demonstrate an understanding of data lakes and requirements for data and data structure
- Ensure the highest levels of compliance for global market data products and services
- Build and champion partnerships across bp to support the delivery of market data initiatives
- Evaluate and support delivery of new business initiatives involving the use of market data within bp
- Liaise with market data vendors and bp business units to communicate strategy, strengthen partnerships, and identify underlying issues
- Operate effectively at a global level; build relationships with global and local teams (e.g., Finance, Product Control, E&C) and take responsibility for agreed objectives
- Partner with Procurement to develop vendor-specific negotiation approaches and strategy to achieve the best outcomes for bp
- Understand and assess vendor offerings, services, products, and roadmaps to ensure the right fit for bp and support implementation of related strategies
What You Will Need to Be Successful
- Business analysis experience within market data (preferred)
- Demonstrable commercial experience
- Proven track record of liaising with colleagues at all levels across IT and the business
- Strong written and verbal communication skills
- Ability to articulate and negotiate priorities with business users, IT teams, and vendors
- Strong analytical and problem-solving skills
- Self-motivated, enthusiastic, and able to learn rapidly
- Excellent teamwork skills
- Strong focus on strategic implementation and delivery, with effective stakeholder and vendor management
Key Technical Competencies
- Excellent product and market knowledge
- Understanding of AI use cases and constraints
- Demonstrate an understanding of data lakes and requirements for data and data structure
- Maintain a strong understanding of real-time and non-real-time market data systems, services, and subscriptions
- Apply knowledge of entitlements and permissioning systems
- Demonstrate an appreciation of the technical delivery systems used for market data
- Apply a working knowledge of market data challenges (e.g., global differences, cross-asset vendor identifiers, legal entity data, file formats, usage rights, and compliance)
At bp, we provide the following environment and benefits to you:
- A company culture where we respect our diverse and unified teams, where we are proud of our achievements and where fun and the attitude of giving back to our environment are highly valued
- Possibility to join our social communities and networks
- Learning opportunities and other development opportunities to craft your career path
- Life and health insurance, medical care package and many other benefits!
We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform crucial job functions, and receive other benefits and privileges of employment.
Don’t hesitate to get in touch with us to request any accommodation!
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:
Agility core practices, Analytical Thinking, Computational Thinking, Continuous Learning, Data Analysis, Data cleansing and transformation, Data Management, Data Sourcing, Data visualization and interpretation, Dialogue enablement, Exposure Management, Machine Learning (ML), Macroeconomics, Market analysis methods, Market Risk Management, Sentiment and Trends, Statistics, Trade execution and management, Trading Fundamentals, Trading knowledge
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Legal Disclaimer:
We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.
If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.
