Where you fit in
The Nature and Environmental Solutions (NES) team leverages our two main current competitive advantages of our leading trading position (helmed by our Environmental Products Trading Business (EPTB) team) in both compliance and regulatory markets and our experience and credibility developing and investing in nature projects (the Nature Based Solutions (NBS) team) that produce high quality carbon credits.
The NBS team is primarily focused on developing projects which protect or redevelop natural ecosystems, such as forests, grasslands and wetlands. These could be projects related to conservation, afforestation or reforestation thereby generating carbon credits in the future whilst benefitting local communities and protecting biodiversity
Shell’s Global CO2 Trading team is headquartered in London with desks in Houston, Dubai, Singapore, Beijing and Tokyo. The Global NBS team is headquartered in Singapore with commercial teams placed stretching from Australia to the Americas.
EPTB is responsible for the management and optimisation of the CO2 exposures faced by Shell assets around the world, and for generating revenue streams from external business development and proprietary trading activities. In addition, Shell has an environmental products team in North America that focuses on broader renewable energy and emissions markets in the US, Canada and Mexico.
CO2 markets have experienced rapid growth over recent years, and Shell has remained at the forefront of the market since executing the first ever European Union (EU) CO2 Allowance trade in 2003. With CO2 increasingly being embedded into the global commodity mix, the NES team is well positioned to meet the CO2 trading and commodity requirements of new and existing customers over the coming years
What’s the role?
The successful candidate will be expected to be the primary legal focal assisting the EPTB team in Europe. The candidate will provide support in reviewing and drafting bespoke Master Agreements and Deal Confirmations, ISDAs, consultancy agreements, Emissions Reductions Purchase Agreements, credit documents (Bank Guarantees and LCs), land right agreements, Long Term Emissions Offtake agreements and asset purchase agreements.
The candidate will also be required to assist and advice the EPTB team on acquisitions of companies and/or their trading books, enforcement/ regulatory/ licensing issues involving derivatives trading, credit security structures and land rights issues.
The EPTB desk’s increased focus on complex structured finance deals with significant cross jurisdictional implications mean that the candidate shall be responsible for the drafting and/or review of a vast array of complex bespoke contracts, including those relating to financing and security arrangements and contracts that have significant embedded optionality.
Such structured finance deals are anticipated to be conducted in various jurisdictions, often involving challenging and unclear legal and regulatory landscapes and the candidate will be required to:
The candidate shall be expected to travel occasionally for this role.
The candidate is also required to provide legal support to the EPTB team in their roll out of various global initiatives involving international conventions/agreements such as CORSIA (Carbon Offsetting Scheme for Aviation) and working with global retail and commercial fuels to deliver on Shell’s CO2 promises. The candidate will also be expected to provide commercial legal advice and support for the EPTB Team’s day-to-day operations including to:
Regularly advise and interface with the Contracts Unit, including on master sale and purchase agreements, preparation and updating of standard contracts, knowledge sharing and training, and with other Shell Trading functions, mainly Finance, Credit, Operations, HR and Tax.
In addition to the above, the candidate will also be the secondary legal focal for the NBS business in Europe. The candidate will be expected the support the NBS team in:
Special Challenges
A fast-paced environment, innovative business development teams and the challenges arising as the CO2 Trading and NBS businesses continue to adapt to changing industry and regulatory environments will require that this individual is commercially minded, flexible, willing to challenge and learn, and able to work under pressure.
What we need from you?
We are looking for a Qualified Senior Lawyer with sound knowledge of contract law and sale of goods principles. Ideally, a knowledge of and interest in the legal issues relevant to trading generally and CO2 Trading and commodity trade finance matters.
We are also keen to hear from candidates with the following experience:
About Shell UK
Shell started operations in the United Kingdom more than 110 years ago. Since then, we have grown into a leading innovative Oil & Energy company that rewards its employees by investing heavily in their careers and learning. Our people are our greatest asset, and our commitment to your career will see you thrive in a work environment that offers an industry-leading development programme. When your ideas travel, Shell will benefit, and innovation will thrive. Shell has a key role to play in helping meet the UK’s growing energy demand, whilst using innovative technologies to develop cleaner energy. We are the largest FTSE 100 company in the UK by market capitalisation and make a significant contribution to the UK economy. As well as processing 35% of the gas coming into the UK, we serve more than four million customers at our filling stations each week. Shell employs some 6,400 skilled staff as well as many contractors.
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