Contracts Advisor

What’s the role?

Shell Trading integrates a worldwide trading network with an unsurpassed global portfolio in Crude Oil, Refined Oil Products, LPG, Gas, Power & Environmental Products with larger locations in London, Houston, Calgary, Singapore, Dubai, Rotterdam, and Bahamas. The Trading & Supply Contracts team is responsible for managing the entire contracts process, including the provision of pre-deal and post deal commercial advice, contract drafting, contract analysis, internal authorization and dispatch of contracts/contract responses, records management, and value-driven commercial advice to the business when negotiating complex contractual arrangements.

The Contracts Advisor reports to the Contracts Team Lead Derivatives and supports the commercial teams by drafting and negotiating OTC Derivatives agreements, as well as providing value-driven contractual advice to the businesses we support.

What you’ll be doing

• Provide advice to the business and supporting functions with regard to standard and complex contractual arrangements, such as framework agreements, ISDAs, Delegated Reporting agreements, Broker agreements, Service Level Agreements etc. ensuring compliance with both regulatory and Shell-mandated requirements.
• Providing advice to the business and supporting functions with regard to derivatives contractual arrangements ensuring compliance with both regulatory and Shell mandated requirements.
• Advise traders of the commercial and contractual risk associated with their business and ensure that contracts/agreements drafted are fit for purpose.
• Negotiate standard and complex contracts that accurately reflect the terms and conditions related to the purchase and sale of OTC derivative transactions, while maintaining compliance with Shell policies and procedures.
• Prepare and negotiate trade confirmations as well as ad hoc agreements when needed to facilitate new business and structured transactions.
• Provide advice and help in resolving contractual disputes with counterparties, liaising with various stakeholders as necessary.
• Maintain awareness and advise on any new business opportunities or changes in regulatory requirements.
• Maintaining an accurate and complete record of current and ongoing negotiations, providing visibility to necessary stakeholders.
• Working knowledge of business controls related to derivatives, ensuring compliance with GRA and audit requirements.
• Provide pre-and-post deal commercial value driven advice and support to the business.
• Have a working knowledge of the derivative trade confirmations processes and adherence to applicable regulations.
• Ability and willingness to support other members of the team when necessary.
• Serve as a mentor/trainer to other Contracts Advisors.

What we need from you

• Must have legal authorization to work in the US
• Bachelor’s degree required or equivalent relevant experience
• 3 or more years of professional work experience. Experience in drafting, analysis and negotiation of derivative contracts is highly preferred.
• Knowledge of Agreements associated with Derivatives trading, including but not limited to, ISDA agreements, CSA & VMCSA, Brokerage Agreements, Master and long form agreements preferred.
• Knowledge of regulations applicable to derivatives trading activity, such as Dodd-Frank
• Must have a strong 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 prioritize workload while adhering to tight deadlines.
• Should be meticulous with a keen eye for detail.
• Comfortable working in a fast-paced and challenging environment.
• Must have good interpersonal skills, able to communicate effectively with both internal and external customers/stakeholders.
• Must be highly organized.

What we offer

The base salary range for this position is $101,000 - $151,000 per year. Individual pay will be based on various factors such as relevant work experience, education, certifications, skill level, seniority, and internal equity.

For regular full-time or regular part-time employees of the Company (participating companies as listed in the Summary Plan Description), insurance coverage options include medical, dental, vision coverage, life Insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs. Employees also participate in a company pension plan and a 401(k) plan. Paid leave includes up to 6 weeks of paid vacation time, up to 11 paid holidays, and parental leave offering 16 weeks of paid leave for birthing parents, and 8 weeks of paid leave for non-birthing parents.

Additionally, employees are eligible for short-term disability leave for up to 26 weeks at 100% or 50% of base pay as well as Long-Term Disability insurance. Shell also offers other compensation such financial reimbursement for adoption, wellness, education, and personal learning expenses, and some roles are eligible for discretionary long-term incentives.  For interns, eligible benefits include medical, dental, and vision coverage, life insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs; participation in a 401(k) plan; and paid leave for up to 11 paid holidays.  Additional information on Shell’s US benefit programs can be found at https://www.shell.us/careers/about-careers-at-shell/rewards-and-benefits.html.

You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You’ll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another.

You’ll be able to balance your priorities as you become the best version of yourself.

• Progress as a person as we work on the energy transition together.
• Continuously grow the transferable skills you need to get ahead.
• Work at the forefront of technology, trends, and practices.
• Collaborate with experienced colleagues with unique expertise.
• Achieve your balance in a values-led culture that encourages you to be the best version of yourself.
• Benefit from flexible working hours, and the possibility of remote/mobile working.
• Perform at your best with a competitive starting salary and annual performance related salary increase – our pay and benefits packages are considered to be among the best in the world.
• Take advantage of paid parental leave, including for non-birthing parents.
• Join an organisation working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.
• Grow as you progress through diverse career opportunities in national and international teams.
• Gain access to a wide range of training and development programmes.

We'd like you to know that Shell has a bold goal: to become one of the world’s most diverse and inclusive companies. You can get to know more about how we're working towards that goal, click here.

Shell in The United States

Shell has been in the US for more than 100 years, leading the sector in energy, petrochemicals and refined products. Today, we provide millions of Americans with the energy needed to heat and cool their homes and power the economy.

We operate in all 50 states, from our Deep Water platforms in the Gulf of America to the Pennsylvania Chemicals complex and our miles of pipelines throughout the US.

We reach our customers through our 13,000 branded retail stations, and we are number 1 in gasoline sales. We also own the #1 brand of motor oil in the U.S. – Pennzoil® – made from natural gas.

We are excited to play a key role in the move to net carbon emissions while providing the oil and gas needed by society for many decades to come.