Market Data Business Analyst

Entity: Supply, Trading & ShippingJob Family Group: Supply & Trading GroupJob 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 effectivenessRecommend data sourcing options aligned to business needsAnalyse market data pricing, subscriptions, and reference data feeds, including related processes and enterprise data managementApply 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 applicableBuild strong partnerships with internal stakeholders and vendorsConduct onsite visits across the bp group, liaising with business usersProvide on-demand data cost optimisation insights to support cost managementMaintain a strong understanding of real-time and non-real-time market data systems, services, and subscriptionsApply knowledge of entitlements and permissioning systemsDemonstrate an appreciation of the technical delivery systems used for market dataPerform product comparisons and gap analysisPrepare and present financials, spend analysis, and reportingPartner across all levels of seniority within the bp group to deliver value, consistency, and transparencyWhat You Will DeliverThe Market Data Business Analyst will also:Collaborate across ST&S, Downstream, and Upstream business units to provide guidance on market data services, products, and strategyDemonstrate an understanding of data lakes and requirements for data and data structureEnsure the highest levels of compliance for global market data products and servicesBuild and champion partnerships across bp to support the delivery of market data initiativesEvaluate and support delivery of new business initiatives involving the use of market data within bpLiaise with market data vendors and bp business units to communicate strategy, strengthen partnerships, and identify underlying issuesOperate effectively at a global level; build relationships with global and local teams (e.g., Finance, Product Control, E&C) and take responsibility for agreed objectivesPartner with Procurement to develop vendor-specific negotiation approaches and strategy to achieve the best outcomes for bpUnderstand and assess vendor offerings, services, products, and roadmaps to ensure the right fit for bp and support implementation of related strategiesWhat You Will Need to Be SuccessfulBusiness analysis experience within market data (preferred)Demonstrable commercial experienceProven track record of liaising with colleagues at all levels across IT and the businessStrong written and verbal communication skillsAbility to articulate and negotiate priorities with business users, IT teams, and vendorsStrong analytical and problem-solving skillsSelf-motivated, enthusiastic, and able to learn rapidlyExcellent teamwork skillsStrong focus on strategic implementation and delivery, with effective stakeholder and vendor managementKey Technical CompetenciesExcellent product and market knowledgeUnderstanding of AI use cases and constraintsDemonstrate an understanding of data lakes and requirements for data and data structureMaintain a strong understanding of real-time and non-real-time market data systems, services, and subscriptionsApply knowledge of entitlements and permissioning systemsDemonstrate an appreciation of the technical delivery systems used for market dataApply 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 valuedPossibility to join our social communities and networksLearning opportunities and other development opportunities to craft your career pathLife 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 RequirementUp to 10% travel should be expected with this roleRelocation Assistance:This role is not eligible for relocationRemote Type:This position is a hybrid of office/remote workingSkills: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. 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.