Job Family Group:

Legal Group

Job Description:

Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner.

The purpose of the BP Legal function is to provide legal services to the Group to further the maximisation of business opportunities and value and the minimisation of business risks and liabilities. BP Legal lawyers and support staff work closely with their colleagues in the Businesses, Regions and Functions to deliver exceptional results in transactions, disputes and other issues.

Supply Trading and Shipping (ST&S) provides the BP Group of Companies with a specialist commodity trading function to monetise equity upstream production and optimise its downstream assets. In addition, through its Oil, Gas, Power, Global Environmental Products and LNG traders ST&S engages in entrepreneurial trading.

ST&S Legal employs some 60 lawyers co-located with ST&S’s principal trading businesses in London, Singapore, Chicago and Houston. The work handled by the ST&S Legal teams broadly includes the following:-

Strategic and broad ranging legal advice, management of external counsel and day-to-day legal advice on any matters / issues requiring legal input affecting ST&S businesses including advice on regulatory developments and compliance with laws and regulations concerning hydrocarbon and hydrocarbon derivatives trading.

Key accountabilities

The successful applicant will function as an in-house financial services regulatory and sustainability lawyer in support of ST&S’s London based trading businesses. The lawyer will serve this role as part of a seamless team that provides a broad array of legal services to the London ST&S business units and as a member of the Global ST&S Legal Group.

The position will also require cross-team collaboration and coordination with a number of other internal legal teams in North America, Singapore and the UK, with the Associate General Counsel – ST&S, with outside counsel, and with other internal BP functions, notably the ST&S Ethics and Compliance team.

Trading business clients frequently require legal advice and response in a very short timeframe and therefore the ability to understand and quickly evaluate relevant information and exercise prompt yet sound judgement is essential.

• Analysis of existing and new financial services legislation including supporting ST&S’s advocacy strategy

• Advising on the impact and perimeter of UK and EU financial services regulation to regulated and unregulated entities trading in energy commodities and derivatives thereof, including but not limited to MiFID, EMIR, MAR, REMIT, SMCR, IFPR and IFD/IFR

• Providing multi-jurisdictional advice to support ST&S’s Refined Products Trading (RPT) and Gas and Power International (GPTI) businesses, including licensing, marketing and anti-bribery and corruption restrictions

• Advising control functions that service the ST&S businesses, including the Ethics and Compliance and Finance and Risk teams, on financial regulatory requirements and regulator expectations

• Providing training on UK and EU financial regulatory requirements

• Regulatory support to ST&S front office on day-to-day as well as bespoke transactions, ensuring compliance with applicable financial service regulation

• Assisting with internal and external reviews of ST&S market conduct and trader behaviour, and responding where necessary to requests for information from regulators and/or formally advising on regulatory enforcement or disciplinary processes

• Advising ST&S on ESG related risks

• Creating and maintaining regulatory legal team know-how

Essential education

Qualified to practice law in England and Wales

Essential experience and job requirements

• Essential – experience in private practice or in the legal Department of a reputed company.

• Knowledge of UK and European financial services law applicable to commodity and commodity derivatives trading

• Experience of advising on financial regulatory investigations

Desirable criteria & qualifications

• A working understanding and experience of advising on matters related to greenwashing and other ESG-related risks

• A proven record of commercial awareness with high-quality contribution to business strategy and delivery

• Ability to understand complex issues quickly and to collaborate to agree a clear way forward

• Excellent communication and analytical skills in both written and spoken English

• The ability to self-motivate to deliver under pressure and with competing priorities

• Experience working in a fast-moving dynamic client facing team

• Ability to network with BP staff and management at all levels to advise on legal aspects of operations and transactions

• The highest professional and ethical standards

• Commitment to helping promote and maintain a safe workplace

Why join us?

At bp, we provide an excellent working environment and employee benefits such as an open and inclusive culture, a great work-life balance, tremendous learning and development opportunities to craft your career path, life and health insurance, medical care package and many others.

We support our people to learn and grow in a diverse and exciting environment. We believe that our team is strengthened by diversity. We are committed to crafting an inclusive environment in which everyone is respected and treated fairly.

There are many aspects of our employees’ lives that are significant, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, collaboration spaces in a modern office environment, and others benefits.

Reinvent your career as you help our business meet the challenges of the future. Apply now!

Travel Requirement:

Negligible travel should be expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Commodity Derivatives, Financial Regulation, Financial Services Regulatory Compliance, Influencing, Legal Consulting, Stakeholder Engagement, Stakeholder Management, Trading Fundamentals, Sentiment and Trends, UK - Financial Conduct Authority (FCA)

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Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.