Credit Risk Manager/ Analyst- Bunkers and

2 weeks ago

Singapore The Cap Consulting Group Pte Ltd Full time
The Cap Consulting Group Pte Ltd SingaporePosted 2 hours ago In-Office Permanent Market Range

  • Posted by


 Caroline Poh
  • MD, The CAP Consulting GroupFollow
-
5 to 12 years managing credit risk at a commodity trading house or oil major
:

-
Has experience covering credit for bunkers
:

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Excellent knowledge of credit risk management and control concepts
Our client is a renowned and global commodity trading MNC based in town.

The trading business within the energy industry is fast paced and constantly evolving.

To ensure that the firm fully understands and manages the financial risks of the dynamic business, the credit department is an essential team whose role it is to identify, structure, manage and mitigate credit risk.

To meet this purpose,
it is imperative that the firm has an in-depth understanding of the counterparties that they are trading with, and work with the traders to structure deals to maximize the risk versus reward balance and in the event of a credit event, minimize the actual losses incurred.


The scope of the role will primarily
cover the credit portfolio for the physical and paper trading activities relating to the bunker business in Asia.

Management of the portfolio includes partnering with the traders and the broader finance organization and to also maintain strong relationships externally with the counterparties.


The role will require strong leadership qualities and interpersonal skills to be able to operate in a dynamic trading environment.


Responsibilities:

The role will be accountable for the management of the credit risk for the physical commodity trading portfolio

Specifically, this will include:

  • Support KYC onboarding and credit assessment of counterparties within the portfolio.
  • Conduct regular credit reviews for all counterparties in the portfolio, and assign credit ratings and limits to each counterparty
  • Manage and maintain the respective credit insurance policies.
  • Maintain relationships with key counterparties and financial institutions.
  • Monitor and track global / industry credit events affecting our businesses.
  • Provide credit advisory support to the Front Office traders on daily business activities.
  • Monitor portfolio credit exposures and daily credit risk reporting and mitigation including limit monitoring, breach escalation and margining.
  • Act as a key member of the global credit team.
  • Operate within the Group Credit Policy and Operating Procedures.
  • Involvement in key credit projects or activities on behalf of the credit function as required.

Technical qualifications and skills:
-
5 to 12 years managing credit risk at a commodities trading house, energy majors or in finance, banking sectors related to physical commodities trading:

-
Some hands-on credit exp covering bunkers is required:

  • Experience in structured deals desired but not a must
-
Excellent knowledge of credit risk management and control concepts:

  • Strong analytical and financial skills
  • Good facilitation and negotiation skills
  • Able to communicate with all levels of business, build rapport and work closely with cross functional stakeholders
  • Able to build / possess effective network with industry peers
  • Able to work independently and manage multiple and potentially conflicting priorities and tight deadlines

Profile:

  • Ability to build and maintain effective relationships with our internal and external counterparties
  • Proactive approach and positive attitude
  • Independent selfstarter with leadership capabilities
  • Possess strong risk awareness, ability to anticipate risks that could manifests into credit defaults
  • Ability to work under pressure and deliver timely responses/solutions to support trading desks

Posted by:
CAP Consulting (EA license: 14C7175)

Caroline Poh (EA Registration:

R
Date ad is posted - 28 August 2023

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