Job Description
1. Conduct credit risk analysis of a portfolio of new and existing counterparties
2. Write in-depth credit analysis and submit credit recommendations to decision makers. Keep up-to-date credit risk ratings, probability of default and limits
3. Monitor credit risk exposure and limit utilisation to prevent any credit losses. Actively remedy any breaches by proposing and implementing action plans
4. Ensure compliance with internal credit risk policies
5. Propose and negotiate security instruments (incoming and outgoing) such as company and bank guarantees, cash deposits or prepayments
6. Manage credit insurance policies by ensuring insurance limits are up to date and premium accurately calculated. Provide reporting for the monthly declaration
7. Assist with the negotiation of Master Netting and Trading Agreements such as EFETs and ISDAs as well as Credit Support Annexes (CSA)
8. Engage with Front, Middle, Back Office and other support functions, closely work with colleagues and other teams
9. Assist with daily, weekly, and monthly reporting.
10. Maintain the Credit Risk Management System, keep all credit records up to date i.e. credit risk ratings, probability of defaults and credit risk limits
11. Assist the Front Office with payment recovery efforts from financially distressed counterparties
12. Contribute to various projects and assist with ad hoc requests as required.
Qualifications
13. University degree or equivalent in Finance, Accounting or Business
14. 3-5 years in managing credit risk gained in a large organization or financial institution with a commodities trading focus
15. Passionate about the energy sector
16. Understanding of risk management and compliance is key
17. Fluent in English, any other languages an advantage
18. Strong verbal and written communication skills
19. Solid organizational and analytical skills
20. Detail oriented and ability to work in a fast-paced environment.