Entity:
Finance
Job Family Group:
Finance Group
Job Description:
In this role, you will be responsible for the drafting, reviewing, negotiating and administering master trade agreements and related documentation governing physical and financial transactions for the purchase and sale of energy commodities to minimize BP’s credit, legal and operational risk and stay in compliance with legal regulations and internal standards, policies and procedures!
Key Accountabilities
- Draft, review, analyze, and negotiate master trading agreements and related documentation that includes ISDA Master Agreements and Schedules, Physical Annexes, Credit Support Annexes, NAESB agreements, EEI agreements, IECAs, Amendments, Assignments, Novations, and other Ancillary Agreements.
- Review and critically analyze contractual provisions, identify legal, credit, compliance, and operational risks, and propose alternative language consistent with established bp positions and guidance.
- Understand bp's contracting, Credit, Treasury, Compliance, and Legal policies and procedures, including the rationale behind those requirements, and appropriately raise matters requiring Legal, Credit, Tax, or other specialist review.
- Independently prepare and maintain agreements, provisions, templates, clause libraries, playbooks, and other documentation based on approved bp language from Legal, Credit, Tax, and Compliance positions.
- Develop, handle, and leverage systems for workflow management, contract lifecycle management, matter tracking, reporting, and communicating status in alignment with business priorities.
- Maintain complete and accurate contract and legal records, including driven agreements, amendments, correspondence, approvals, and supporting documentation in applicable repositories and systems.
- Abstract and maintain key contractual provisions and metadata, including termination rights, credit provisions, collateral requirements, governing law, default provisions, netting provisions, assignment rights, and other material terms.
- Assist with execution processes, including confirming required approvals, coordinating signature packages, reviewing execution versions, and maintaining driven documentation and supporting records.
- Follow Contracts Team processes, policies, controls, document-retention requirements, and standard methodologies relating to negotiation, review, execution, and management of legal agreements.
- Find opportunities to improve contract and legal-support processes, documentation standards, controls, templates, technology, and workflow efficiency.
- Communicate effectively with attorneys and internal partners across the business, as well as external partners
- Support special projects and other legal operations and paralegal activities as required.
Essential Education
- Bachelor’s or master’s degree plus work experience required or associate’s degree in paralegal studies or a related field combined with significant relevant experience.
- Paralegal certificate from an ABA-approved or otherwise recognized paralegal program combined with relevant experience.
Experience and Job Requirements
- Proven experience as a paralegal, contracts professional, legal analyst, contracts analyst, or similar role involving substantive contract review, drafting, negotiation, legal documentation, or legal operations.
- Experience working with standard industry trading agreements (e.g., ISDA, NGL NAESB, EEI, Gas NAESB, IECA), with frequently used General Terms and Conditions, and custom master trade agreements, master netting agreements, confidentiality agreements, assignments and novation’s, guarantees and/or drafting and negotiating complex corporate finance transaction documents.
- Knowledge of legal research methods, legal terminology, contract interpretation, document management, confidentiality requirements, and legal records management with the understanding of trading and marketing of energy commodities.
- Relentless commitment to excellence and to meeting business objectives.
- Self-assurance when working autonomously, at times under high-pressured and fast-paced circumstances and ability to manage multiple negotiations and matter simultaneously, while prioritizing competing deadlines.
- Strong interpersonal skills which enable effective interactions with personnel at various levels within BP.
- Strong attention to detail, organizational skills, judgment, and commitment to accuracy in drafting and maintaining legal and contractual documentation.
- Experience with Microsoft Office Suite (Word, Excel, Outlook, Teams)
- Demonstrated commitment to confidentiality, professional ethics, appropriate handling of privileged or sensitive information, and compliance with established Legal and business procedures.
Desirable Criteria
- Paralegal certificate or formal paralegal education.
- Certified Paralegal (CP), Advanced Certified Paralegal (ACP), Professional Paralegal (PP), or comparable professional credential.
- Experience in contract drafting and negotiation, investment banking, a major law firm, or an energy trading business are preferred.
- Juris Doctor or legal training also a plus.
- Contractual experience with both financially and physically settled commodity and/or environmental credits transactions or other similar energy industry experience.
- Working knowledge of energy, commodities, or derivatives markets and various traded instruments.
- Fluency in English plus either Spanish or Portuguese.
Why join us
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 fostering an inclusive environment in which everyone is respected and treated fairly.
There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, among others!
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Travel Requirement
No travel is expected with this role
Relocation Assistance:
This role is not eligible for relocation
Remote Type:
This position is a hybrid of office/remote working
Skills:
Agility core practices, Agility tools, Analytical Thinking, Business Acumen, Contract Creation, Contract handover and implementation, Contract Management, Digital Fluency, Negotiating, Negotiation planning and preparation, Sourcing strategy, Supplier Relationship Management, Supplier Selection
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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.
