Roles & Responsibilities
Assist the Head of Risk Management to establish and optimize the Company's risk management system, improve the quality..
Roles & Responsibilities
Assist the Head of Risk Management to establish and optimize the Company's risk management system, improve the quality of credit risk analytics, and ensure the risk management processes in the Company are standardized and systematic in accordance to the company's risk management philosophy;
Assist the Head of Risk management to effectively implement and monitor the risk management processes for the subsidiary companies, including formulating and optimizing the risk control process, regular communication and early warning mechanism for the subsidiaries, implementing centralized credit risk control for the subsidiary companies. This include supervision, training and guidance for the risk control personnel at each subsidiary companies;
Responsible for the credit evaluation of the Group’s trading counterparties, and provide recommendations for the credit ratings, credit terms, credit limits and credit risk mitigation measures of the trading counterparties in accordance with the credit framework approved by the Board of Directors, for approval by the Senior Management;
Responsible for the management of trading counterparties' credit limit and credit insurance, collection of market information, timely deactivation of high risk trading counterparties and reducing redundant credit limit, and strive for favorable credit insurance coverage limit of the company. Responsible for credit management of LC issuing bank and paper broker list;
Responsible for daily monitoring of the credit status of counterparties, timely reporting abnormal situations to relevant departments and Senior Management, and to report on overdue balances, credit insurance and market developments to the Senior Management on a regular basis;
Propose effective credit risk mitigation measures when the transaction credit exposure is above the company's risk appetite, and control the credit exposure of all transactions within the risk framework approved by the Company's board of directors and Senior Management;
Responsible for liaising with relevant departments to carry out comprehensive evaluation of counterparty guarantee received by the company or subsidiary, and the follow-up monitoring work of these guarantees. This includes financing and non-financing guarantees issued by the Company as well;
Understand legal, compliance and market risk related issues involved in the approval of credit;
Responsible for maintaining the policy for counterparty guarantee (non-financing), and liaising with the relevant departments to ensure that the policy is up to date;
Responsible for liaising with the Head office’s legal and risk Control Department (Risk management);
Responsible for the review and research, reporting and emergency treatment of major risk events of the Company;
Carry out annual risk review and ad-hoc risk assessment of the subsidiaries;
Assist in any other work assigned by the Head of Risk Management or the Senior Management of the Company.
Requirements
Bachelor in Business/ Economics/ Finance/ other numerical discipline or equivalent;
Min. 10 years of relevant experience with 5 years in similar capacity;
Strong decision-making skills, especially in area of credit approval process;
Demonstrate the following Supply & Trading Competencies: Understand the Energy Commodities, Trading Industry & External Market (Skillful Application), Regulatory Compliance & Assurance (Skillful Application), Credit Risk Management (Expert Application), Other Risk Management (Basic Application), Quantitative & Analytical Skills (Skillful Application)
Excellent people skills and communication skills, strong team player with ability to work collaboratively with external vendor, and internal staff in the Trading, Risk Management, Operations and Finance Departments;
Good ethics and professional conduct, and with strong sense of responsibility and teamwork spirit;
Good organisational, time management skills and stress tolerance with proven ability to manage multiple priorities;
Meticulous attention to detail and form ;
Effectively bilingual in both English and Mandarin (as the position needs to frequently communicate with English/Chinese speaking associates verbally/ in writing whenever appropriate).
