Senior Contracts Advisor - Derivatives

About the role

An Oil & Energy Downstream client is urgently looking for a Senior Contracts Advisor - Derivatives who reports to the Contracts Team Lead Derivatives. The role supports the commercial teams by drafting and negotiating OTC derivatives agreements and giving value-driven contractual advice, while ensuring compliance with regulatory and mandated requirements.

Key responsibilities

• Draft and negotiate OTC derivatives agreements and advise on standard and complex arrangements such as framework agreements, ISDAs, Delegated Reporting agreements, Broker agreements and SLAs.
• Advise traders on the commercial and contractual risks of their business and ensure contracts are fit for purpose.
• Negotiate standard and complex contracts reflecting the terms of OTC derivative purchases and sales, and prepare and negotiate trade confirmations and ad hoc agreements.
• Help resolve contractual disputes with counterparties and advise on new business opportunities and regulatory changes.
• Maintain accurate records of ongoing negotiations and act as mentor and trainer to other Contracts Advisors.
• Support compliance with GRA and audit requirements, and give pre- and post-deal commercial advice.

Required profile

• Bachelor's degree in law or equivalent legal experience.
• Minimum 3 years' experience drafting, analysing and negotiating contracts for OTC derivatives.
• Expert knowledge of derivatives agreements (ISDA, CSA & VMCSA, brokerage agreements, master and long-form agreements) and of derivatives regulations.
• Strong commercial mindset, effective negotiating skills and ability to manage stakeholder expectations.
• Able to work independently and in a team, meet tight deadlines and thrive in a fast-paced environment.