Contracts Lead - Trading

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

As a leading global energy company, we provide heat, light and mobility to customers worldwide. Across the bp landscape, we’re home to a range of brands across many areas of our industry. We’re investing in today’s energy system and helping build out tomorrow’s. So, while we’re still in oil and gas, over the next decade we’ll become a different kind of energy company. We’re decarbonizing and diversifying our business, fundamentally transforming what we do so we can reach net zero by 2050 or sooner. We also have a strong mission to help the whole world reach net zero too – working across our industry to improve people’s lives.

It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of finance business & technology (FBT), you’ll be fully connected into the world of bp. You’ll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the globe. And it starts with you. There’s a world of opportunities to build new skills, challenge yourself and grow a long-term career at FBT Malaysia. And no matter where you work, your role will have meaning, purpose and impact. So, if you want to be part of a caring, supportive environment where you can realize your full potential, we’re with you.

Join our Supply, Trading & Shipping (ST&S) team and advance your career as Contracts Lead - Trading.

ST&S executes trades with external supply customers globally. The role of the ST&S Contracts Team is to perform day-to-day control and administration of physical and low carbon trading contracts, tenders and general terms and conditions. This requires practical and application experience in contracting of commodities, extensive knowledge and understanding of contracts and legal terms, contracting strategy preparation, coupled with a strong commercial orientation and communication skills.

Contracts can be high in value and with complex terms and conditions, requiring efficient problem-solving skills. The Contracts Manager will be expected to manage a team and will be the key liaison with third parties, traders, marketers, originators, legal and other key stakeholders as appropriate in order to fulfil the responsibilities below:

Manage a team of Contracts Analysts
Recruit, retain and develop a team of highly skilled Analysts
Oversee full portfolio across all benches for Physical Oil and Low Carbon products
Develop strong working relationships with IST Front Office, Functional Teams and other stakeholders.
Lead, support and coach team members in managing queries and responses for complex deals.
Ensure maintenance of a robust contracts register, standard contract templates and ensuring control processes are complied to.
Key liaison with Heads of Functions, Singapore Operations, Contracts, Settlements and Credit to resolve any departure from agreed contractual obligation.
Oversee and ensure completion of Responses to inward faxes/emails from third parties and other related ad-hoc queries within the control timescales.
Creating contracts for commodities trade for physical and low carbon products to third parties; ensuring timely execution, contracts are robust and fit for purpose, liaising with Legal, Contracts and other stakeholders as necessary.
Maintaining awareness of any legal restriction which may involve changes to existing procedures or support processes.
Understanding compliance issues that affects trades and reporting of any potential problems arising to the Singapore Compliance Manager/ Contracts Manager.
Prompt reporting and resolution of any mismatch of data/terms within the back-office systems and any other source of information relevant to the trade.
Ensure timely reporting of Management information on Key Performance Indicators to the regional office.
Champion, drive and deliver Continuous Improvement ideas.

What You will need to be successful:

Education and Experience

University degree in Legal or related equivalent discipline with either minimum 9 to 10 years of para-legal or contracts management experience
Minimum 5+ years of leading teams
Deep understanding in global contract drafting, negotiation, execution and management
Understanding of Commodity Trading and Oil & Gas environment

Essential Criteria

Fluent command in English
Attention to detail, good analytical skills
Contractually and commercially risk adverse
Good work ethics and professionalism
Excellent problem solving, communication and interpersonal skills
Ability to work as part of a team in a fast-paced environment
Readiness for action and ability to work under pressure
Self-confident appearance in relations to the internal contacts
Intermediate change management skills
Ability to coach others
Commitment to business control including the courage to speak up where appropriate
Functional understanding of contracts register system and standard MS Software.

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, paid parental leave policy among others! We will ensure that individuals with disabilities are provided reasonable adjustment to participate in the interview process.

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:

Accounting policy, Accounting policy, Agility core practices, Agility tools, Analytical Thinking, Business process control, Business process improvement, Commercial Acumen, Communication, Creativity and Innovation, Credit Management, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital fluency, Financial Reporting, Group Problem Solving, Influencing, Internal control and compliance, Management Reporting, Managing change, Presenting, Risk Management, Stakeholder Management {+ 2 more}

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, 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.