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    Credit Risk Manager, Energy Trading - London, United Kingdom - Richard James Recruitment Specialists Ltd

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    Description

    Our client is a very successful Global Energy Trading company with access to all key markets worldwide...

    You will be part of the Credit function which 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.

    Key Role Responsibilities:

    As 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 the 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 in-house Legal and Origination teams.
    • Monitoring market events potentially impacting credit standing of counterparty portfolio and/or credit exposures and identifying actions to mitigate risks.
    • Supporting the computation and reporting of key credit risk indicators (credit reserves, credit risk capital...) to Executive Management and shareholders monthly.
    • Leading and contributing to the development of new policies, qualitative and quantitative credit risk frameworks as well as IT tools.

    Experience:

    • At least 7 years or more of experience in a credit analyst/manager position gained within a commodity 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.


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