Team Lead - Trading Contracts - Oil & Related Products

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Job Description:

The Team Lead – Trading Contracts is responsible for the day-to-day management and execution of trading contracts for a defined product scope (Oil & Products). The role ensures accurate, timely, and compliant contract execution, while leading a team of analysts and acting as the primary operational escalation point for the Trading Front Office within the assigned product area.

The position balances hands-on contract expertise with people leadership, ensuring high service levels, strong controls, and effective collaboration across Trading, Legal, Risk, and Operations.

Main Responsibilities

1. Contract Execution & Oversight

• Oversee preparation, review, and execution of trading contracts and confirmations in line with approved templates and policies.
• Ensure contract terms accurately reflect commercial intent, pricing structures, delivery terms, and payment conditions.
• Review and approve non-standard clauses within delegated authority; escalate higher-risk deviations to the Global Trading Contracts Coordinator.
• Ensure timely contract issuance, execution, and amendments to support Front Office deal timelines.

2. Team Leadership & Performance Management

• Lead, coach, and develop a team of Trading Contracts Analysts.
• Allocate workload, set daily priorities, and manage capacity to meet business demands.
• Conduct quality reviews and ensure adherence to defined controls and procedures.
• Drive a culture of accuracy, accountability, and continuous improvement.

3. Front Office & Stakeholder Support

• Act as the first point of contact for Traders and Trade Support within the assigned product scope.
• Support deal structuring discussions from a contracts and operational perspective.
• Partner closely with Legal, Credit Risk, Trade Support, and Operations to resolve contract issues and execution challenges.
• Handle escalations related to contract discrepancies, amendments, or counterparty disputes.

4. Trade Entry & Lifecycle Coordination (where applicable)

• Ensure effective coordination between contracts execution and trade entry teams.
• Validate alignment between contract terms and system trade capture.
• Identify and resolve breaks early to prevent downstream settlement or accounting issues.

5. Risk, Controls & Compliance

• Apply first-line operational risk controls within the team.
• Ensure proper documentation, approvals, and audit trails are maintained.
• Support internal and external audits and address findings within agreed timelines.
• Proactively identify recurring issues and implement corrective actions.

6. Process Improvement & Change Support

• Contribute to process standardization and automation initiatives.
• Support new product launches, system enhancements, and procedural changes.
• Provide subject-matter expertise for assigned product area.

Qualifications

Education (includes formal qualifications, certifications, accreditations, etc)

• Bachelor’s degree in Business, Finance, Law, Economics, or equivalent.

Experience

• Minimum 10 years’ experience in Trading Contracts, Trade Support, or Trading Operations, preferably within commodities.
• Demonstrated product expertise in Oil products.
• Prior experience in a team lead or senior analyst role.

Skills

Technical

• Strong knowledge of commodity trading contracts (physical preferred).
• Understanding of pricing mechanisms, delivery terms (Incoterms), and payment structures.
• Familiarity with trade capture and contract management systems (CTRM).
• Solid awareness of operational risk and control requirements.

Leadership & Behavioral

• Proven experience leading or supervising operational teams.
• Strong stakeholder management and communication skills.
• Ability to make sound judgments under time pressure.
• Detail-oriented, with a proactive and solution-focused mindset.

Language - Proficiency

• Proficiency in English language required, speaking additional languages is beneficial.

If you think the open position you see is right for you, we encourage you to apply!

Our people make all the difference in our success.