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Contracts Lead (physical oil trading)

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BP

15d ago

  • Job
    Full-time
    Expert Level
  • Legal
    Business, Operations & Strategy
  • London

AI generated summary

  • You need extensive experience in complex contract drafting, expert knowledge of Incoterms, strong contract law understanding, leadership skills, problem-solving ability, and a drive for continuous improvement.
  • You will draft and negotiate contracts for physical oil trades, provide paralegal support, advise on compliance, manage relationships, identify risks, and drive process efficiencies.

Requirements

  • Previous long term experience of drafting and negotiating complex contracts and interpreting and negotiating contractual terms, in an oil trading environment.
  • Expert knowledge of Incoterms shipping terms.
  • Strong working knowledge of the principles of contract law and how to apply them.
  • Understanding of bps contracts and types.
  • Ability to recognise and interpret issues arising from changes within the market and seek understanding of how these affect bps contracts and controls.
  • Ability to develop and provide subject matter training materials and presentations, and lead, coach, and mentor others.
  • Inclusive leadership style, working across the whole of ST&S globally.
  • Detail orientated with an ability to identify, analyse, and tackle problems, and proactive in preventing recurrent issues.
  • Ability to demonstrate integrity, courage and good judgement with a strong worth ethic working in a global and fast-paced control environment.
  • Ability to drive operational excellence through improving processes and adapt to changing situations.
  • Proven experience in identifying continuous improvement opportunities and able to implement innovative solutions.

Responsibilities

  • Drafting, negotiating, analysing, and interpreting various forms of contracts and agreements for physical oil trades, and developing solutions that reduce risk, minimise exposure and secure the best commercial position for bp.
  • Provide paralegal support and advice to the business, both in respect of pre-trade information and the resolution of disputes arising in the operation or completion of the trade.
  • Understanding of the compliance issues and critical controls affecting relevant trades, and able to advise and remediate as appropriate.
  • Develop and maintain robust front office and partner relationships and provide pre-deal and post-deal advice to key stakeholders, including Trading and Legal.
  • Engagement with third parties in unique contractual structures and negotiation of bespoke agreements.
  • Participation with external parties and service providers to provide expert advice and steer change and improvement in the contracts field of the oil industry.
  • Accountable for the identification and escalation of any issues, risks, concerns, control, or process gaps through to resolution. Ensure these are shared globally as appropriate to mitigate against further issues.
  • Lead and drive simplification and process efficiencies to increase capacity for growth and commercial delivery.
  • Responsible for identifying and managing the need of new or adjusted controls with the introduction of new business transactions or process efficiencies.

FAQs

What is the job title for this position?

The job title is Contracts Lead (physical oil trading).

Where is this position located?

This position is located in London.

What team is this role a part of?

This role is part of the Refining & Products Trading Contracts team.

What are the primary responsibilities of the Contracts Lead?

The Contracts Lead is responsible for drafting, reviewing, and negotiating contract documentation for physical oil trades, providing paralegal and commercial advice, ensuring compliance, and driving process improvements.

What kind of experience is required for this position?

Previous long-term experience in drafting and negotiating complex contracts within an oil trading environment is required.

Is expert knowledge of shipping terms important for this role?

Yes, an expert knowledge of Incoterms shipping terms is essential for this position.

Will travel be required for this role?

No travel is expected with this role.

What is the work arrangement for this position?

This position is a hybrid of office and remote working.

Are there learning and development opportunities available?

Yes, there are various learning opportunities and development programs available to help craft your career path.

Does the company promote a diverse and inclusive work environment?

Yes, the company values diversity and is an equal opportunity employer.

Are there benefits related to health and life insurance?

Yes, life and health insurance along with a medical care package are provided as part of the benefits.

Is relocation assistance offered for this position?

This role is not eligible for relocation assistance.

What skills are important for this rolesuch as the ability to drive operational excellence?

Important skills include contract law knowledge, negotiation skills, problem-solving abilities, leadership, and creativity in process improvement.

Reimagining energy for people and our planet

Energy
Industry
10,001+
Employees
1909
Founded Year

Mission & Purpose

The world is changing fast and our industry is changing with it. The energy mix is shifting towards lower carbon sources, driven by technological advances and growing environmental concerns. In bp, we will help drive this transition - and our business will be transformed by it. We are continually looking for talented, committed and ambitious people to help us shape the face of energy for the future.

Benefits

  • Health Insurance

  • Dental Insurance

  • Accidental Death & Dismemberment Insurance

  • Disability Insurance

  • Vision Insurance