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Senior Commercial Advisor: Derivatives ISDA's: World Energy Co

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Eaglecliff Recruitment

2024-11-13 11:35:31

salary: 500.00 British Pound . GBP Daily

Job location London City, Greater London, United Kingdom

Job type: contract

Job industry: Legal

Job Duration: 12 months

Job description

Exciting opportunity for a Senior Derivatives Commercial Advisor to join this global Energy company.

This is an exciting time to be joining this world-leading company as they transform themselves from a traditional Oil & Gas company into a leading name within the Renewables sector. This includes the creation of an already highly successful new Power Trading desk within the Energy Trading team as well as new ventures into various innovative solutions around the supply of Renewables including wind farms, electric vehicle charging, solar panel heating and battery storage. These innovative solutions provide opportunities for exceptionally highly talented individuals to contribute to the success of this transition where you will be working with some of the best people in the industry working on new and ground-breaking initiatives utilising the very latest technology.

The world leading company integrates a worldwide trading network with an unsurpassed global portfolio in Crude Oil, Refined Oil Products, LPG, Gas, Power & Environmental Products with larger locations across the globe.

The Global Contracts Team is one of 7 units within the Trading Operations Division and provides a commercially driven service to the trading teams.

Job Description

Acting as an SME providing expert advice to the business and supporting functions with regards to complex contractual arrangements/framework agreements/ISDA's/Delegated Reporting, Broker, Service Level Agreements etc. ensuring compliance with both regulatory and company mandated requirements.
Expert knowledge of Agreements associated with Derivatives trading. Including but not limited to ISDA agreements, CSA & VMCSA, Brokerage Agreements, Master and long form agreements.
Advise traders of the commercial and contractual risk associated with their business and ensure that contracts/agreements drafted are fit for purpose.
Provide advice and help in resolving contractual disputes with counterparties, liaising with corporate legal counsels as necessary.
Maintain an awareness and advise on any new business opportunities or changes in regulatory requirements.
Prepare and negotiate ad hoc agreements needed to facilitate new business and structured transactions.
Establishing and maintaining an accurate and complete record of current and ongoing negotiations, providing visibility to necessary stakeholders
Working knowledge of business and SOX Controls related to derivatives, ensuring compliance with GRA and external audit requirements.
Provide pre and post deal commercial value driven advice and support to the business.
Have a working knowledge of the confirmations processes and adherence to EMIR and other applicable regulations, able to step in and cover or advise when required.
Ability and willingness to cover other members of the team when necessary.

Candidate Must have:

Expert knowledge of regulations applicable to derivatives trading activity.
Must have a good commercial mindset.
Demonstrate effective negotiating skills and capable of managing the expectations of various stakeholders both internal and external.
Demonstrate a flexible approach and be commercially orientated with the ability to work independently as well as part of a team.
Must have the ability to priorities workload while adhering to tight deadlines.

This needs combining with a positive attitude and an ability to work within a large, globally dispersed project team in a multi-cultural environment. You also need to be a self-starter, a logical thinker and a quick learner, with strong initiative and excellent communication, interpersonal and presentation skills, able to write clearly and concisely. We believe in equality of opportunity for all job applicants regardless of gender, marital status, race, colour, nationality, ethnic origin, creed or religion, disability, sexual orientation or age. Specialising within Energy Trading, Oil & Gas, Financial Markets and TV & Entertainment, Eaglecliff Recruitment is ISO accredited, a Member of REC and listed within the top 4% for Financial stability by Dun & Bradstreet. Please telephone for an immediate response or email your CV for a reply within one hour. Eaglecliff Ltd is acting in the capacity of an employment agency for permanent recruitment and an employment business for contractor resourcing

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