Purpose of the Position
Responsible for executing timely credit reviews of all counterparties and financial institutions, and for sanctioning appropriate credit limits to each party. Issue independent quantitative and qualitative risk assessment of counterparties across commodities and of concerning transaction structures, consequently, recommend appropriate credit limits.
Scope
The incumbent reports to Credit Risk GM and will support the team by monitoring and reporting on credit exposure status, investigating excesses and overdue of all outstanding deals to the GM and management on a timely basis. The incumbent may have supervising responsibilities.
Responsibilities
1. Credit Risk Management (50%)
• Generate and issue to relevant parties the required reports on a regular basis (daily, and quarterly basis).
• Build and maintain effective working relationships with all business divisions by providing proactive support, clear and consistent communication, as well as timely sharing of relevant and/or critical information.
• Advise business divisions in structuring of transactions by incorporating appropriate risk mitigation tools that are aligned with the company's risk margin to optimize risk-reward ratio.
• Keep abreast with the latest market developments. Develop and manage relationships with key counterparties and financial institutions, through participation of appropriate stakeholder meetings.
• Be responsible for implementing credit policies/operating procedures on a companywide basis, in alignment with MC's and RTMl's internal standards.
• Act as point of contact for all insurance related issues, including negotiating for policy terms, for insured limits and premiums.
2. Operational Support/Projects (20%)
• Be aware and comprehend current processes of Mitsubishi Corporation's internal policy and its applications.
• Support Credit Risk GM by proposing and/or initiating necessary proposals in best practices for credit risk management that may apply to RtMI and Global RIM.
• Whenever necessary, support the GM to review the present internal credit policy and system, propose and upon approval, execute changes that can enhance credit risk integration efforts with other existing company systems such as the commodity trade risk management system (CTRM), accounting system (SAP), etc.
• Harmonize the existing credit policy and system (including consolidated global data) with Mitsubishi Corporation's existing policy and systems.
3. Liaising with other departments (20%)
• Communicate and liaise with other departments e.g. Legal and Compliance, Trade Operations and Finance and Accounting for day-to-day credit risk related activities.
• Support the credit team in RTMC by sharing best practices and knowledge
• Actively participate in the CTRM build out. i.e. credit functional inputs and testing.
4. Supervising junior staff, subordinate (10%)
• Conduct mentoring duties with the aim of transferring to junior officer knowledge of executing transactional tasks related to credit risk.
Experience
• Relevant experience in credit risk management for commodity trading houses/ financial institutions of 10 to 15 years.
• At least 4-6 years of experience in relevant industry sectors related to commodity trading will be advantageous.
• Experience with supervising/ mentoring a small team of junior subordinates will be advantageous.
Knowledge, skills and abilities
The incumbent must have proficient knowledge in the following areas:
• Requirements on Credit Risk management policies for the commodity trading business (such as flow of international trading, VaR, MtM, L/C, B/L, B/C, Export Control (STC), other relevant Internal Control, including the fundamentals of sanction checks.
• Requirements on Business Operations for the commodity trading business (such as flow of international trading, L/C, B/L, B/C, Export Control (STC), other relevant Internal Control
• Operational requirements on trade contracts for the commodity trading business
• Anti-money Laundering (AML) and Know your Customer (KYC) policies
• Understanding of Credit Risk and Compliance Issues, including understanding of Credit Rating Models and its rationale.
• Adequate knowledge with ISDA/CSA, TOB and derivatives instruments
• Adequate knowledge with trade finance structured products instruments
• Be resourceful and able to surface relevant financial and geopolitical information independently
• Have experience in evaluating profiles from emerging geographical business environments, e.g. such as China and India etc
Personal Attributes
The incumbent must demonstrate the following personal attributes:
• Be able to work under high pressure, remain calm and methodical.
• Be a collaborative and communicative team player.
• Be able to prioritize high volume of workload.
• Be meticulous and pay high level of attention to accuracy and details.
• Have initiative and work with little or no supervision.
• Be honest, trustworthy and respectful.
• Possess cultural awareness and sensitivity and be flexible to change.
Environment/Working Conditions
• The candidate is based in an Office Environment but will be expected to travel for business purposes.
• The candidate has to manage a number of projects at one time.
• The candidate is required to multi-task and prioritize assignments accordingly
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