Credit Risk Manager/ Analyst with Oil Commodity Trading MNC

Employer
The Cap Consulting Group Pte Ltd, EA Licence No: 14C7175
Location
Singapore, Singapore
Salary
Mkt Range
Posted
11 Sep 2022
Closes
24 Sep 2022
Ref
16803863
Job Function
Commodities
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
  • Credit role supporting the bunker portfolio and freight credit
  • Commodity/credit experience ranging from 4-7 years with experience in reviewing bunker/freight counterparts (traders, ship-owners, charterers) is required
  • In-depth knowledge of the bunker and shipping market required. Knowledge of cargo trading will be an advantage

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 co fully understands and manages the financial risks of this 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 co has an in-depth understanding of the counterparties that they are trading, works 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 portfolios of bunker and freight trading. 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 bunker and freight trading portfolios. 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:

•4 to 7 years experience in finance, banking and/or credit department with experience in reviewing credit profiles of largely ship owners, ship charterers and traders.

•Strong understanding of the shipping and freight markets

•Good 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 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 self-starter

• Willingness to learn new skills

To apply, pl send your cv in word doc to resume@cap-cg.com . Pl also include details on your current salary, expected salary and notice period in your cv.

We regret to inform that only shortlisted candidates will be notified.

Posted by:
CAP Consulting (EA license: 14C7175)
Caroline Poh (EA Registration: R1105649)

Date ad is posted -10 Sept 2022

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