A Crude and Shipping Credit Analyst is required for a major Commodity Trading business to perform daily credit risk management tasks, and to develop and maintain a thorough understanding of risks associated with crude trading as well as shipping trading. He or she will perform credit risk management functions under supervision of Credit Risk Manager.
Conduct Initial and ongoing compliance checks on all existing and prospective counterparties for trading
Conduct counterparty assessments (periodic and ad hoc)
Liaise with internal stakeholders on credit related issues
Prepare credit applications for local and HQ signoffs
Enhance internal process and procedures in consultation with relevant departments
Recommend changes in credit limits/approval status for senior management approval
Monitor counterparty exposure and control credit status of approved counterparty
Maintain consistent and thorough counterparty records
Manage credit collateral
Educated to degree level or degree level qualification, ideally in a highly numerate subject such as mathematics (statistics).
Excellent working knowledge of Microsoft office, advanced Excel skills
Solid understanding of counterparty risk
Previous experience of credit risk management in oil, LNG and shipping
1-5 years in a physical trading environment, with exposure to trading of crude oil, LNG and shipping. Candidates should be able to demonstrate a solid understanding of counterparty credit risk, a working knowledge of risk analysis and mitigation methodology.