A sole contributor role where you will lead and execute credit risk management policies and initiatives to ensure credit risk is brought to the minimum. You will set up the credit risk framework from scratch and will work closely with the commercial team to ensure its overall credit risk exposure as per approved tolerances is within the company’s defined risk appetite.
THE ROLE
Implement and execute credit risk management policies and manage credit portfolios within prescribed limits, parameters, and pre-defined appetite.
Establish credit risk management protocols, processes and procedures.
Perform credit assessment and prepare credit write-ups on trading counterparts on a regular basis.
Establish, maintain and oversee approved credit limits. Work with commercial trading team to implement disciplined trading approach.
Work with Middle Office team to monitor and analyze credit exposure on all trading positions for paper and physical transactions on a regular basis.
Formulate various credit risk reports including financial impact analysis on the company in relation to adverse or material credit risk exposure occurrences.
Create business continuity plans to limit and manage credit risk exposure.
Conduct periodic compliance checks with internal and external stakeholders in relation to the Company’s Credit policy and standard.
Conduct internal training to build awareness amongst staff to ensure their understanding for the credit risks undertaken and to properly manage/ prevent such exposure.
Attend meetings and engagements together with commercial trading teams and external counterparts to discuss and structure credit limits between both parties.
Establish network and maintain good working relationship with counterparts’ credit team.
Drive discussions and manage working partnerships with external credit agencies and credit insurers to support various financing initiatives.
Keep abreast of industry news, market conditions pertaining to our business segment and our trading counterparties.
Other ad-hoc tasks and reporting whenever required by Senior Management.
REQUIREMENTS
Degree in Finance, Accounting, Economics or other relevant professional qualifications.
8-12 years’ of relevant work experience gained from the commodity trading sector.
Strong relationship with trading counterparts, credit insurers and credit rating agencies.
High proficiency in Excel skills and Microsoft Office experience.
Bilingual in Mandarin to communicate with Chinese counterparties
