Credit Risk Manager, UK
JERA Global Markets
- United Kingdom
- Permanent
- Full-time
- 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.
- 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;
- 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;