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…