Global Distillates Latin American Trader

Entity:

Supply, Trading & Shipping

Job Family Group:

Supply & Trading Group

Job Description:

About us

Our purpose is to bring together people, energy and markets to power and navigate a changing world. In a time of constant change and possibility we need new talent to pursue commercial opportunities, fueled by world-class insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too. Together we continue to grow as the world’s leading energy company!

About the role

Part of the Refined Products Trading organization, Global Distillates (GDIST) is responsible for trading, marketing, and optimizing distillates, feedstocks, and related products across global markets.
 

This is a front-line commercial role responsible for developing and delivering trading strategies across Latin American distillates markets. The successful candidate will join the Americas trading bench based in Chicago and generate value through physical and financial trading, market development, customer and counterparty engagement, portfolio optimization, and end-to-end trade execution.

Key Accountabilities

• Identify, develop, and implement an entrepreneurial trading strategy across LATAM distillates and product markets, generating value through physical and financial trading opportunities, market development, customer engagement, regional trade flows, market volatility, logistical arbitrage, pricing inefficiencies, and physical risk management opportunities
• Support the GDIST LATAM Lead and USGC Waterborne Trader in the execution, optimization, risk management, and commercial development of physical positions across the distillate's portfolio
• Help shape and use bp's market analytics, pricing models, and trading tools by contributing market intelligence, regional expertise, and commercial insights to develop market views, determine fair value, identify trading opportunities, and support portfolio optimization and strategic decision-making.
• Monitor regional and global market fundamentals, including supply-demand balances, refinery operations, logistics constraints, regulatory developments, and pricing structures, and maintain forward curves, regional balances, and market views to support trading activity and business planning.
• Establish and maintain a strong network of third-party relationships and other market participants throughout Latin America.
• Engage with internal partners to ensure effective end-to-end trade execution, governance, and risk management.
• Ensure accurate, timely, and compliant deal capture, documentation, position management, and risk reporting in accordance with bp policies, controls, and regulatory requirements.
• Support daily exposure management, P&L attribution, portfolio optimization, and performance analysis in line with approved risk limits and trading mandates.
• Participate actively in GDIST strategic discussions, contributing market insights, commercial recommendations, portfolio strategy perspectives and the development of our LATAM regional office capability.

Essential Education, experience and requirements

• Bachelor´s Degree
• Proven track record of trading physical oil products, refined products, or related commodities, with experience in Latin American markets
• Ability to operate effectively across different cultures, regulatory frameworks, and business environments throughout LATAM, with proficiency in Spanish and/or Portuguese
• Strong understanding of LATAM distillates markets, including diesel, jet fuel, feedstocks, marine fuels, regional trade flows, logistics, pricing mechanisms, and key market participants.
• Demonstrated understanding of commodity trading principles, risk management, market structure, and the commercial drivers of physical and derivative markets.
• Experience identifying, developing, and implementing commercial and trading opportunities across physical and financial instruments.
• Strong analytical and quantitative capabilities, including interpreting market data, assess market fundamentals, build commercial insights, and support trading decisions through analytics and pricing models.
• Experience managing physical positions, trading exposures, and associated risks across the trade lifecycle, including exposure reconciliation, position reporting, P&L attribution, and resolution of operational and system discrepancies
• Proven track record to build and manage commercial relationships and negotiate effectively with counterparties, customers, suppliers, brokers, and internal interested parties.
• Self-motivated, highly driven, and adaptable, able to work independently, handle multiple priorities, and maintain strong commercial judgment in a fast-paced and volatile trading environment.
• Inquisitive and intellectually curious, with a passion for understanding market fundamentals, commercial drivers, and emerging opportunities.
• Strong interpersonal, communication, and stakeholder management skills, with the ability to collaborate across commercial, risk, operations, supply, and support functions.

How much do we pay (Base)? 95,000-176,000 USD Annually

• Note that the pay range listed for this position is a genuinely expected and reasonable estimate of the range of possible base compensation at the time of posting.

This position is eligible for US Benefits – Core. This position offers paid vacation depending on your years of relevant industry experience and will range from 120 – 240 hours of vacation per year for full time employees. You will also be eligible for 9 paid holidays per year and 2 personal choice holidays. You may learn more about how we calculate paid vacation and view our generous vacation and holiday schedules atCore U.S. BenefitsBp has a parental leave policy as well, which offers up to 8 weeks’ paid leave for the birth or adoption of a child.
 

We offer a reward package to enable your work to fit with your life. These offerings include a discretionary annual bonus program, long-term incentive program, and generous retirement benefits that include a 401k matching program. These benefits include a pension for eligible employee.

As part of bp’s wellbeing package, bp offers access to health, vision, and dental insurance, as well as life and Short-Term Disability and Long-Term Disability. You may learn more about our generous benefits atCore U.S. Benefits.
 

Why join bp:

At bp, 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 encouraging an inclusive environment in which everyone is respected and treated fairly.

Travel Requirement

Up to 10% travel should be expected with this role

Relocation Assistance:

This role is eligible for relocation within country

Remote Type:

This position is a hybrid of office/remote working

Skills:

Agreements and negotiations, Analytical Thinking, Business Acumen, Commercial Business Development, Continuous Learning, Customer promise execution, Customer service delivery excellence, Deal modelling and valuation, Developing and implementing strategy, Influencing, Internal alignment, Listening, Loyalty Management, Marketing strategy and programmes, Negotiating value, Negotiation planning and preparation, Partner relationship management, Presenting, Sentiment and Trends, Thought Leadership, Trade discipline and compliance, Trading Fundamentals, Trading knowledge, Writing skills

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.