Company:
INEOS Olefins & Polymers USAInterested in joining a winning team? A team whose employees are empowered to make a difference?
Who We Are
INEOS Group
INEOS is a global chemical, manufacturing, and energy company. It comprises of 36 businesses, spanning across 194 sites and 29 countries, employing 26,000 people worldwide. Our core values include excellence in safety, health and environmental performance; Encouragement of innovation, entrepreneurship and reward for achievement and empowering employees to create real value.
About the job
Job Title: Sole Counsel/Senior Legal Counsel
Business unit: INEOS Energy Trading And Marketing (IETM)
Summary of Position
IETM was formed in 2017 and is headquartered in London. It is currently going through an ambitious growth plan to undertake worldwide physical and financial trading of various energy commodities including gas, power, LNG, crude, hydrogen and CO2 and renewable/sustainability products.
This is a rare opportunity for a dynamic and experienced professional to be Sole Counsel and part of local management for IETM’s marketing and trading activities in the Americas.
Reporting to the Head of Risk & Legal in London, this is a senior leadership role. You will work on a day-to-day basis with managers and senior stakeholders of IETM as well as managers across the INEOS Group.
We require a permanent Sole Counsel/Senior Legal Counsel, ideally also with Compliance experience, to join the management team of IETM’s Houston office.
IETM’s US entity currently markets equity crude and natural gas onshore in the US. But it has ambitious plans to expand into trading, storage and exporting third party volumes and more. As Sole Counsel and part of local management, you will have the opportunity to make your mark in terms of fit for purpose legal and compliance processes, and to become an IETM centre of expertise on US energy legal and compliance matters.
The principal role will be to provide strategic legal and compliance-related support for the Commercial Director and Function Heads for IETM. You will also work closely with IETM’s upstream US affiliates. You will be part of the wider IETM Legal and Compliance function, which is a vital part of the decision-making processes for IETM. You will advise on key strategies and projects related to IETM’s competitiveness, opportunities, and challenges.
In keeping with INEOS culture, the team is lean relative to the size of commercial activity it supports. The role will involve drafting, reviewing, and negotiating high-value project, trading, financing, and infrastructure agreements, as well as advising on key compliance-related regulations and issues, such as sanctions, KYC/Counterparty Due Diligence, and Dodd-Frank. The incumbent will also provide support and direction to management in regulatory matters, including FERC and other federal energy regulatory agencies.
You will drive an active and practical compliance culture with focus on initiatives to strengthen the control environment.
You will be a point of contact for US Regulators, auditors, brokers and exchanges.
You will also assist other INEOS businesses and projects with specialist knowledge and expertise as relevant.
Qualifications
Juris Doctorate
License to practice law in Texas
10 plus years of relevant industry experience with emphasis on midstream agreements, shipping, terminals, commodities, and energy trading (physical and financial)
Some experience of drafting and implementing compliance related processes
Some exposure to the federal energy regulatory environment
Previous in-house experience preferable
Good existing relationships with external law firms in energy/commodities and shipping
Relocation:
Preferential treatment will be granted to candidates residing in the Houston metropolitan area.
Work Authorization:
INEOS Energy Trading and Marketing is not currently sponsoring employment visas for this position.
Our culture is one of honesty and integrity with an emphasis on safety, health and environmental performance.On our team, people are acknowledged for embracing new practices that help create real value for customers.