Energy Risk Management Specialist

1 week ago


Singapore Vitol Full time

About Vitol

Vitol is a leading energy company with a global presence across the oil, power, renewables, and carbon sectors. With over 7 million barrels of crude oil and products traded daily, and 250 ships transporting its cargoes, Vitol serves clients from 40 offices worldwide.

The company was founded in Rotterdam in 1966 and has since grown to become one of the largest energy companies globally, with revenues exceeding $400 billion in 2023. Vitol's operations span various energy assets, including storage facilities, refining capacity, service stations, and a growing portfolio of transitional and renewable energy assets.

Job Summary

We are seeking an experienced Energy Risk Management Specialist to join our team in Asia. The successful candidate will be responsible for assessing credit risk profiles, escalating significant issues, and implementing risk management processes to achieve business objectives.

Key Responsibilities:

  • Support onboarding and assess the credit worthiness of trading counterparties, producers, and end-users;
  • Prepare and monitor credit exposures, limits, and overdues of the Asian portfolio on a timely basis;
  • Develop and implement effective credit structures, including prepayments and inventory financings;
  • Conduct credit reviews and provide recommendations to the Credit Committee;
  • Collaborate with stakeholders to improve credit risk frameworks, processes, and methodologies for new products and markets;
  • Advise on the use of credit mitigation tools, such as insurance, trade finance, netting, and guarantee agreements;
  • Maintain knowledge of market developments impacting the portfolio and participate in counterparty meetings with traders and marketers.

Requirements

To be successful in this role, you should have:

  • 6-12 years of relevant experience, preferably in base metals;
  • Hands-on experience with data analysis, numbers, quantitative, and qualitative credit metrics;
  • A team-player mindset with high personal integrity and excellent communication skills;
  • The ability to work accurately under pressure and maintain a high level of resilience;
  • Proficiency in both written and spoken Chinese.

Estimated Salary Range

$150,000 - $250,000 per annum, depending on experience and qualifications.



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