Manager, Derivatives regulation

Location:Espoo, FI

Country/Region: FI

Job Area: Finance

Business Unit: Treasury and Risk Management

Are you our next creator of change?

This is for you who wants to have a real impact on creating a healthier planet for our children every day. At Neste, you will be working for the world’s leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals. Let’s create transformation for a sustainable future together.

We are looking for you,

Manager, Derivatives regulation

to the Commodity Derivatives Operations team in Espoo. The team is part of Neste’s treasury, which is a group of talented and analytical treasury and risk professionals.

We are looking for an expert, who has a natural interest in understanding complex regulatory matters and who has the motivation to drive understanding and compliance with regulatory requirements across the global organization. Your role will focus on reviewing current and emerging regulation and in translating that to understandable requirements that should be considered as a part of Neste’s ongoing businesses and projects. You will also manage ISDA master agreements for derivatives trading and act as the contact point for the commercial and contract teams in any ISDA related matters.

In our team, we encourage continuous development. We emphasize work-life balance and offer a hybrid work model with flexible working hours. To promote a sense of belonging we have agreed to meet twice per week at the office. We offer you a safe, supportive, and inclusive work culture in an international company.

You will work as a part of an enthusiastic and collaborative team which has a strong will to develop systems and processes but also pays attention to the well-being of our team members. In this job you will work closely with various external and internal stakeholders. Together with you and your expertise, we can make an impact today and keep our promises for tomorrow.

Reasons to join

Real impact right now. We work in an inspiring and evolving business environment, where everything we do serves one purpose: to create a healthier planet for our children. To drive a growing impact as a global leader in renewable and circular solutions we live by our values every day; we care, we have courage, we cooperate.

Safety and caring. We value safety always and everywhere. We want our work to feel good and do good. At Neste, we nurture a culture where everyone is welcome and feels safe, respected and encouraged to be their unique true selves.

Exciting growth. Transformation brings new possibilities and fosters our courage and curiosity. As a global growing company, we support personal development with versatile learning and career opportunities. Collaboration is the key, and we believe in flexible, smart ways of working.

In addition, our benefits for employees in Finland include, for example, a personnel fund as part of the overall remuneration, good occupational health care, and an extensive membership in a sickness or health insurance fund. We also support leisure time activities, e.g. by offering benefits for sports and culture.

More about the job

Your role in our team

• Manage ISDA Master Agreements and annexes.
• Ensure continuous compliance with derivatives related financial market regulation such as EMIR, Mi FID and Dodd Frank.
• Manage Treasury’s other external and internal trading agreements e.g. hedging agreements and give up agreements
• Authorize new traders and take care of appropriate exit procedures when needed.
• Take care of onboarding derivatives counterparties and execution brokers
• Monitor that key regulatory filings are met and support other internal teams in understanding the requirements.
• Review and interpret the regulatory environment to determine applicability to current and potential business activities.
• Maintain and develop internal processes and policies around your responsibility area and conduct trainings to internal stakeholders
• Participate in projects and process development within Treasury and Risk Management

You will collaborate closely with commercial teams, legal, clearing banks, execution brokers and regulators as well as other teams in Treasury and risk management.

Keys to success in this role

You are motivated to learn new and enjoy working with a team for which safety, sustainability and professionalism are key elements of work.

Additionally, we see that the best combination of experiences, skills and background in this position would be:

• M.Sc. level studies in e.g. Law, Finance or Economics
• Knowledge of current derivatives regulation in Europe, U.S and APAC and ability to manage ISDA agreements
• Previous experience with financial instruments and working in a financial institution or a corporation active in commodity/energy trading
• Proactive, analytical and structured way of working
• Persistence and attention to details
• Ability to effectively negotiate, collaborate and build relationship with various stakeholders
• Good communication skills in English

Other strengths we value

• Previous experience from working with regulators
• Strong IT skills

Let’s get you started

We look forward to receiving your CV and application with a salary request by September 30, 2024. Please note that we will begin screening applications already during the application period and start to interview suitable candidates.

If you have any questions regarding the process or the position, please contact Kati Grönlund, Senior Manager, Commodity Derivative Operations by e-mail kati.gronlund(at)neste.com.

The recruitment process will include interviews and a possible aptitude assessment. The person selected for the position must pass a health examination including a drug test. A possible security clearance is obtained with your consent.

About Neste
Neste creates solutions for combating climate change and accelerating a shift to a circular economy. With over 75 years of refining expertise, we are now the world’s leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals. We have set aspirational targets for climate, biodiversity, human rights, as well as our supply chain and raw materials. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe. Together with our partners we are aiming at a carbon neutral and nature positive value chain by 2040. Our success is created by 5,600 professionals working in 16 countries. Read more: neste.com. Get inspired by our story.

#Li-hybrid