Credit Risk Manager, UK

JERA Global Markets

  • United Kingdom
  • Permanent
  • Full-time
  • 1 month ago
Job Description:Position DescriptionWithin JERAGM, the Credit function is responsible for all aspects of credit risk management including pre-deal counterparty assessments, counterparty KYC and sanctions checking, contractual and credit support negotiations, portfolio credit exposure management (including mitigation), default probability assessments, and credit risk capital assessments.As a global trading business, JERAGM has counterparty exposure in Asia, EMEA, the U.S., and Latin America. The quality of our counterparties ranges from large, listed utilities and global trading companies to small single ship owning organisations. Trading relationships range from bilateral commodity sales and purchases to complex structured transactions with SPVs (IPPs for example).The current position will be located in JERAGM's London office. The Credit Risk Manager will report directly to the Senior Manager, Credit Risk seating in Singapore.Key Role ResponsibilitiesAs part of the Credit & KYC team, the Credit Risk Manager will be responsible for:
  • Managing autonomously credit risk related requests primarily from the UK and US offices overseeing risks, rating, limit and mitigation assessments for new and existing counterparties. Direct involvement in review process and write-ups will be required at times.
  • Reviewing and approving limit and counterparties proposals under delegated authority or escalating appropriately in accordance with internal risk mandate;
  • Leading and coaching more junior Credit Analysts located in the UK;
  • Managing relationship with Front Office (Originators & Traders) ensuring commercial and credit risk interests are understood and reconciled;
  • Understanding and supporting the modelling of potential credit exposure of new and existing transactions;
  • Negotiating credit terms and covenants in commodity trading agreement (MSPA, SCoTA, ISDA) as well as credit supports (letters of credit, parent company guarantee, insurances) directly with counterparties, credit support providers in collaboration with JERAGM's Legal and Origination teams;
  • Monitoring market events potentially impacting credit standing of counterparty portfolio and/or credit exposures and identify actions to mitigate risks;
  • Supporting the computation and reporting of key credit risk indicators (credit reserves, credit risk capital) to Executive Management and shareholders on a monthly basis;
  • Leading and contributing to the development of new policies, qualitative and quantitative credit risk frameworks as well as IT tools.
Note that in addition to these duties employees are required to carry out such other duties as may be reasonably required.Key Qualifications and Experience
  • At least 7 years or more of experience in a credit analyst/manager position gained within a commodities trading environment or financial institution.
  • Experience in managing junior resources and lead taskforce project.
  • Professional experience on energy products, particularly Coal, Drybulk freight, LNG and/or LNG freight, will be a strong advantage; other energies/commodities can be considered.
  • Professional experience in negotiating contractual and credit documentations will be a strong advantage;
  • Educated to degree level or equivalent professional qualification;
  • Excellent financial, qualitative and credit analysis skills;
  • Good negotiation skills and understanding of contractual frameworks;
  • Understanding of KYC and AML processes and requirements is a plus.
  • Fluency in English both written and verbal compulsory;
  • Fluency in another language will be a strong advantage;
  • Understanding of CubeLogic system is a strong plus;
  • Ability to handle Excel spreadsheets, pivot and macros is a plus;
  • Experience and understanding of S&P IQ capital is a plus;
  • Ability to use quantitative models on Python and dashboard in Power BI is a plus;
Person Specification
  • Problem-solving attitude and ability to think critically to manage real-world risks and challenges in complex situations;
  • Organised and accountable;
  • Capable of working autonomously is important but also to function as part of a team;
  • Able to work within strict and tight deadlines and within policies despite pressure;
  • Confident personality with the ability to communicate and write effectively as well as interact with a variety of JERAGM functions and external counterparts;
  • Attention to detail and the ability to work logically, consistently, and accurately;
  • Computer literate, numerate, and comfortable handling varied and complex data sets;
Role OpportunityThis role offers an excellent opportunity to further develop credit risk management skills and responsibility within a growing and successful commodity trading business. The Credit Risk Manager will have autonomy to manage a portfolio of counterparties and be exposed to a range of transactions with various degrees of complexity. The position requires interactions with senior stakeholders, counterparties and other stakeholders. The Credit Risk Manager will also be tasked to contribute and lead bespoke development projects to enhance processes and tools.Qualifications:About Us:About the CompanyJERA Global Markets (JERAGM) is a leading utility-backed seaborne energy trader. A joint venture between majority shareholder JERA Co., Inc. and EDF Trading, JERAGM's shareholders are among the world's major utilities.JERAGM operates one of the largest energy portfolios in the world which gives it an in-depth understanding of the way local, regional and international energy markets behave. Its in-depth knowledge and market insights enable us to capture trading opportunities, optimise portfolios, create value and enhance security of supply for our customers.Headquartered in Singapore, JERAGM has a global talent pool of close to 300 people across offices located in four strategic locations: Singapore, Japan (Tokyo), the UK (London) and the US (Baltimore).JERAGM is strongly capitalised with over US$500 million in paid up capital and a total equity of US$4 billion. JERAGM has retained its A+ Stable rating from R&I, attributable to a robust business model and solid financial base.

JERA Global Markets