Contracts Lead - Trading

Job Summary:

T&S executes trades with external supply customers globally. The role of the IST 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 fulfill the responsibilities below:

Job Description:

Key Responsibilities

• 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.

Previous 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

Skills:

Accounting policy, Accounting policy, Accounting processes and financial systems, Agility core practices, Agility tools, Analytical Thinking, Business Acumen, Business process control, Business process improvement, Collaboration, Commercial acumen, Communication, Creativity and Innovation, Credit Management, Customer centric thinking, Data Analysis, Data visualization and interpretation, Decision Making, Digital fluency, Financial accounting and reporting, Influencing, Internal control and compliance, Management Reporting, Managing change, Presenting {+ 4 more}

For further information, and to apply, please visit our website via the “Apply” button below.

Candidates must be resident in Malaysia, or have the right to work in Malaysia.