The Sr. Counsel & Compliance Officer is responsible for drafting, reviewing, negotiating, and advising clients on a variety of matters primarily relating to derivatives, internal compliance and regulatory compliance issues. In addition, the role may require advising clients on secured or securitized lending matters, either based on existing expertise or expertise developed over time during the candidate’s tenure at Munich Re Trading LLC (MRTL).
As a Sr. Counsel & Compliance Officer, you’ll:
Support the General Counsel & Chief Compliance Officer (GCCO) in efforts to ensure that the Legal department assumes responsibility for all matters requiring Legal collaboration for Munich Re Weather & Commodity Risk Holdings and its subsidiaries (MWCH).
Review, negotiate, and process for execution transactional agreements (e.g. ISDA, MSA, PSA, Credit Agreements) confidentiality agreements, vendor agreements, software licenses and other agreements associated with ongoing business operations.
Facilities: Review and manage all facilities and vendor agreements. Provides oversight and advice to the relevant administrative staff regarding questions and issues that arise with respect to facilities and resource management.
Work as part of a team with other departments within MWCH to ensure issues are examined from all necessary angles.
Assist with the development of a process and system for managing contracts
Ensure appropriate management of templates
Communicate and disseminate information to employees regarding a broad spectrum of compliance related topics, including but not limited to regulatory requirements, code of ethics, and internal controls. Assist with compliance training and internal hot-line processes.
Internal Compliance: Assist the GCCO with the development and implementation of local policies and guidelines to ensure compliance with the Group’s requirements. Develops a strong understanding of ethics and compliance programs, including due diligence and training. Ensures that MWCH is able to produce all necessary information in order to comply with internal reporting requirements (including annual planning). Develops relationship with Group Compliance and Legal to facilitate communication.
External Compliance: Ensures the company is up to date with regulatory requirements and requisite filings by identifying, assessing and monitoring current and emerging compliance issues in the various jurisdictions where MWCH is active globally and when entering new markets. Assists with oversight and monitoring of regulatory reporting requirements. Performs and documents results of Know Your Customer checks on third parties.
Advise MRRF as needed on reserve-based lending transactions in the oil and gas industry, providing structuring, documentation and legal support.
Successful candidates will possess the following experience, skills, and capabilities:
Juris Doctor from an accredited law school and licensed to practice law in Texas or another a U.S. jurisdiction required;
5 - 7 years of transactional experience working in a law firm, or practicing as in-house counsel for an energy or commodities trading company;
Solid knowledge of ISDA master agreement and related agreements required;
Understanding of the regulatory framework and application of federal and state regulations to a weather and commodities firm required;
Understanding of the derivatives-related regulatory developments and their implications for U.S.-domiciled entities in Australia, Asia, South America and Europe;
Understanding of reserve-based lending structures, credit agreements and other secured lending arrangements a plus;
Familiarity with the oil and gas business – midstream, gathering, and processing agreements a plus;
Strong negotiation and communication skills (written and oral) are required;
Must have the ability to manage a variety of time sensitive demands;
Strong attention to detail, analytical skills, judgment, enthusiasm and interpersonal skills;
Some travel may be required.
About Munich Re Trading LLC
Munich RE Trading LLC is located in The Woodlands, TX, United States and is part of our weather risk solutions. You can't avoid the weather, but with our expert knowledge, you can lessen the financial impact. Benefit from our weather expertise.