Oil Credit Risk Analyst

2 days left

Recruiter
Insight Recruitment Solutions
Location
London
Salary
45000.0000
Posted
02 Feb 2017
Closes
02 Mar 2017
Sector
Engineering
Contract Type
Permanent
Hours
Full Time

You will be working for a growing Energy company where their core business is to import crude oil and export oil products for the refining system.

A Crude and Shipping Credit Analyst is required 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. You will perform credit risk management activities under the supervision of the Credit Risk Manager. This role is part of a small Risk Team which covers Credit, Market and Operational Risk mitigation.

The core responsibilities of the role will be focused on Credit Risk Management however there may be some involvement in Compliance and Operational Risk so working knowledge of these areas would be useful.

Principal Duties/Responsibilities

  • Conduct initial and ongoing compliance checks on all existing and prospective counterparties for shipping trading

  • Conduct New counterparty on-boarding process, the candidate must be familiar with the KYC process

  • Monitor counterparties development in terms of compliance related issues, e.g. sanctions, legal enforcement incidents etc.

  • Conduct counterparty assessments (periodic and ad hoc)

  • Work on annual/bi-annual/quarterly and ad hoc credit assessments on counterparties, upon which up-to-date and informed credit decisions can be made.

  • Provide input and liaison with internal stakeholders on credit related issues, including Traders, Trading Managers, Finance and Legal, to contribute to decision making at all levels.

  • Prepare credit applications for local and HQ signoffs, on both a daily standard work related and an ad hoc basis.

  • Enhance internal process and procedures in consultation with relevant departments. The candidate will be expected to contribute to continuing process improvement within Credit Risk processes and also sometimes the wider company operational processes.

  • Recommend changes in credit limits/approval status for Senior Management approval.

  • Monitor counterparty exposure and control the credit status of approved counterparties

  • Maintain consistent and thorough counterparty records.

Required Qualifications, Skills, Knowledge, Experience

Skills

  • Educated to degree level or degree level equivalent preferred but not essential ideally in financial and accounting subjects or Management subjects.

  • Excellent working knowledge of Microsoft office, advanced Excel skills

  • Solid understanding of counterparty risk

  • Previous experience of credit checking chartering counterparties and bunker suppliers

  • The ability to communicate clearly both verbally and in writing

  • Capability to quickly build a rapport and good working relationship Traders and Senior Management

  • Proven supportive team member, but also able to work independently

Knowledge/Experience:

  • Experience in a physical trading environment, with exposure to trading of crude oil and shipping.

  • Candidates should be able to demonstrate a solid understanding of counterparty credit risk, a working knowledge of risk analysis and mitigation methodology.

  • It would be highly valued if candidates have knowledge in key master agreements commonly used by crude oil trading.

  • It would be helpful if candidates have operational risk knowledge.