BP - Houston, TX
posted 6 months ago
The candidate will be responsible for the drafting and negotiation of master trading agreements or specific agreements to govern physical and financial transactions for the purchase and sale of energy commodities as well as related ancillary agreements. This role is crucial in minimizing BP's credit, legal, and operational risk while ensuring compliance with legal regulations and internal standards, policies, and procedures. The successful candidate will need to understand BP's documentation, credit, treasury, and legal policies and procedures sufficiently to engage with Credit, Legal, and Operations teams regarding any issues that may arise. In this position, the candidate will apply their skills and experience to design, develop, maintain, and modify templates for marketing and trading agreements based on BP's current credit, treasury, and legal policies. They will also be responsible for developing, managing, and leveraging systems for workflow management, tracking, and communicating the status of matters in alignment with business priorities. Maintaining work-in-progress on the team's shared drive, uploading agreements and other documents to BP's database, and ensuring the accuracy and up-to-date status of key provisions for each agreement will be essential tasks. The candidate will adhere to the Contracts Team's processes, policies, and best practice procedures in connection with the drafting, negotiation, and management of agreements and other documents. They will seek to enhance existing activities, bridge identified control gaps, and assist in ensuring awareness and alignment within GPTA, IST, and BP as appropriate. Effective communication and engagement with the business, Credit, Legal, Compliance, and Settlements teams will be vital. Additionally, the candidate will assist in the delivery of special projects as required, such as implementing the creation, novation, modification, termination, or assignment of agreements to align with strategic business changes.