Job Profile Summary
The focus for the Originator will be carbon origination and, in particular, offsets from Natural Climate Solutions (NCS). These are recognized as the largest, fastest opportunity to deliver material carbon offsets by both reducing emissions from deforestation and creating carbon sinks. The Low Carbon Trading team is a market leader in this area with a proven track record and the new position will help accelerate growth. Particular focus will be to grow in Africa, South America and South East Asia.
About the opportunity:
Do you want to be part of a company reimagining energy for people and our planet; one that is trusted by society and valued by shareholders? At bp, we have an opportunity for a Natural Climate Solutions (NCS) Low Carbon Originator to join in our ambitions to net zero and improving people’s lives.
As an NCS Originator, you will source environmental projects and programs contracts within the Low Carbon Trading & Origination Team (LCT) and will be integral to the success of accelerating the growth of LCT low carbon portfolio.
You will focus on sourcing NCS projects in Latin & South America as well as Africa, collaborating with an integrated team of likeminded NCS professionals to build a portfolio of projects. You will work with strategic commercial partners, NGOs, communities and governments. You will contribute commercial value to the LCT portfolio by advising and carrying out strategies based on deep analysis of fundamental and technical data.
Our team is global – operating in Houston, Chicago, Calgary, London, Shanghai and Singapore. We are motivated by collaboration and support other LCT originators and traders on their activities related to carbon offsets.
Our work is diverse – Offsets can come from a wide range of technologies and geographies, including reforestation, afforestation, energy efficiency measures, landfill gas utilization. You will have a particular focus on NCS but opportunity for exposure to other portfolios as well.
About the role:
The Low Carbon Originator, can expect to…
Source and deliver scalable and competitive NCS investment opportunities that deliver carbon offsets
Originate a pipeline of opportunities at different stages of development whilst ensuring delivery of priority deals; offset deals for both compliance programs and the voluntary markets
Identify and embed optionality for current and prospective transactions
Proactively respond to changing market conditions by prioritizing deal structures that build the best value for the portfolio
Contribute insights into carbon markets, demonstrating expertise of voluntary and compliance standards; to advise group policy and support the execution of LCTs Global Carbon Strategy
Work closely with the technical project management team to deliver diligence and support ongoing project optimisation
Represent bp externally as a subject authority in relevant industry associations and conferences.
Work with counterparts to support the design of early stage programmes and position projects for advantage against future regulatory change.
For the role, we are seeking candidates with….
A record closing and structuring offset agreements.
Proficiency with voluntary and/or compliance carbon standards, registries, methodologies and programs
International experience within emerging markets and working with large organizations
Experience of delivering deals in sectors relevant to NCS and forestry including due diligence and diverse counterparties ideally throughout Latin America
Understanding of International Climate Negotiations including Article 6 of the Paris Agreement and Government approaches with respect to Jurisdictional Nesting in the context of REDD+
Experience building public private partnerships and understanding of government structures with a preferred emphasis in Brazil
Track record in developing relationships and originating carbon transactions with diverse counterparties
Language skills: A bilingual or multilingual professional will be needed.
Portuguese and English required
Spanish and/or French is desirable
Strong analytical and commercial mindset with an obsession for the details
Keenness for action, with the ability to multi-task and prioritize independently
Self-starter, independent thinker and willingness to develop solutions and opportunities proactively
Proficiency with control and compliance requirements in a trading environment
Trading & Shipping
Job Family Group
Supply & Trading Group
Yes – up to 25%
Brazil, Mexico, United Kingdom, United States of America
TRADING & SHIPPING
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, fuelled 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 trader.
Join us and help us achieve these goals by:
• developing and continuously evolving a globally diversified portfolio that accesses new markets, commodities and commercial opportunities
• collaborating with our business groups to provide innovative commercial and marine solutions that add value to bp’s assets and flows
• delivering high-quality earnings and creating an organisation that is swift to identify and optimise market insights
• navigating a new era of energy for our planet, by sea
• acting with respect and integrity at all times, with the people we work with and the markets we operate in
• maintaining a comprehensive, rigorous and holistic risk control framework that ensures we operate in a safe, compliant and efficient way at all times
• empowering the deep expertise and leadership of our people