Intellectual Property Licensing & Transactions Expert at Aramco
Chicago, IL 60290
About the Job
Aramco energizes the world economy.
Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.
With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.
We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
Overview
We are seeking an Intellectual Property Licensing & Transactions Expert to join our Technology Commercialization Division (TCD).
TCD’s mission is to maximize value realization from Aramco technologies through internal and external Intellectual Property (IP) commercialization, to address the company’s business and sustainability priorities.
Your primary role is to develop and execute license agreements to monetize IP and enable deployment across Aramco assets. This important role provides leadership in defining and implementing IP licensing strategies that deliver value, first through deployments in Aramco group business operations, and where applicable, monetization of company-owned IP outside of Aramco or Aramco operations. Working with key stakeholders, you will develop IP and commercialization strategies for each technology project and structure, and negotiate licensing terms with third parties.
Key Responsibilities
As the successful candidate you will be required to perform the following:
- Engage with our Research & Development (R&D) organizations to identify and evaluate technology projects for commercialization viability and readiness.
- Lead evaluation and development of IP licensing and commercialization strategies, including market analysis, commercial models, 'go‐to‐market' and deployment strategies.
- Develop and maintain stakeholder relationships with technology teams across business domains.
- Lead full life cycle execution of commercial deals, i.e. from third-party selection through authority approvals, deal structuring, negotiations and agreement execution.
- Oversee/manage a Technology portfolio ranging from strategically important, high-value projects to opportunistic technology monetization deals.
- Perform third-party due diligence to minimize technology transactions and external licensing risks.
- Support structuring of various agreements (e.g. JDA's, JV's, etc.) focused on acceleration and adoption of key technologies within Aramco operations.
- Perform IP analysis and competitive intelligence to identify patents of high potential value and impact.
- Deliver regular licensing portfolio update briefings to senior management on progress vs plan.
- Deliver IP licensing and commercialization training and awareness workshops to Aramco R&D organizations.
Minimum Requirements
- As the successful candidate you will hold a Bachelor’s degree in Science or Engineering discipline. MBA or a relevant industry certification (e.g. Certified Licensing Professional or CLP) is preferred.
- You will have a minimum of 10 years’ experience in IP licensing, technology commercialization or business-related technology roles, such as: Technology Licensing, Technology Commercialization or Technology Transfer.
- You should have extensive contract negotiation experience, preferably involving licenses, JV agreements, joint development and exploitation of technology.
- You should also have business development experience involving partners or dealing directly with customers or suppliers.
- A strong background in business-focused technology roles, such as: technical sourcing, customer service, joint development and commercialization of technology is preferred.
- You should also have familiarity with product development, from concept to delivery, IP analysis experience, including market research and competitive intelligence and proven experience in developing business cases for new strategies and products.
- Knowledge and/or training in IP management is also preferred.
Working environment
Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.
At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.
We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.
