Credit Risk Analyst

Recruiter
Insight Recruitment Solutions
Location
Farringdon
Posted
16 May 2018
Closes
18 Jun 2018
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time

Our client a well established commodity trader is currently seeking an experienced Credit Risk analyst to join their risk team.

PURPOSE OF POSITION

To be a member of the Risk Team in delivering the business plan whilst ensuring protection of shareholder value in the areas of Credit primarily but support where necessary Operational, Liquidity and Market Risk areas.

Person Specification:

  • Relevant experience in a Credit Risk Team with exposure to one other area of risk (Market, Liquidity or Operational) ideally in a commodities environment
  • Numerate/quantitative degree background with a desire to develop commercial experience in a Commodity Sales & Trading environment
  • Experience of working in a multi-currency, global organisation and/or experience with counterparties globally
  • Strong analytical, mathematical and modelling skills
  • Strong knowledge of the credit risk management life cycle and good knowledge of industry best risk management practice
  • Experience in implementing risk management policies, processes and the use of IT to enhance identification, control, analysis and reporting of risks
  • To have strong written and verbal communication skills with the ability to understand and articulate the commercial benefits of effective risk management
  • Excellent attention to detail with the ability to analyse, present and report risk management data to Directors/Senior Managers
  • Appreciation of the long term nature of our business and ability to develop relationships and be comfortable asking the right questions
  • Ability to display initiative, be self-motivated, and have a confident manner and ambitious outlook
  • Excellent time management skills
  • Flexibility to prioritise tasks

Tasks & Responsibilities

  • Ensure that the BAU process runs efficiently:
  • Client/Counterparty onboarding and annual review: complete substantive credit risk assessments on counterparty exposure as part of the deal approval process and annual review of all counterparties globally
  • Preparation of committee reports and analysis in accordance with the Terms of Reference
  • Setting credit limits in accordance with the Credit Risk Policy, facilitating where appropriate, escalation for further approval at committee and executive level; identifying breaches of our policies and limit structure, investigating and making suggestions for their resolution and further development of policies and IT controls
  • Supporting the commercial negotiation of contracts to effectively manage risks whilst remaining commercially balanced
  • To assist the Head of Risk with implementing new policies, processes, checks and controls through a greenfield Credit Risk IT development project
  • Contribute to the design, creation, testing and maintenance of current and future Credit Risk data capture, methodology (in particular IRGS and PFE), reporting and extraction of data from internal and external systems
  • To perform analysis primarily for the credit risk areas and support other risk areas including market, liquidity and operational risk
  • To produce, maintain and update documentation on Risk team procedures and methodology. Further, contribute to and identify process/systems improvements within the Risk team and the wider business
  • Ability to work together in the Risk team and in the wider business to achieve our organisational goals
  • To attend training courses which are identified as being necessary for the performance of the role and professional development. To be fully conversant with the Employee Handbook and supporting policies, including Health & Safety legislation and fire and emergency procedures
  • Changes in the business may occasionally require alterations in this job description and these will be agreed with the post holder as appropriate.

Candidate Specifications

  • The operations of a global Physical and Financial Trading Firm
  • Credit Risk but exposure to Market Risk, Liquidity and Operational risk areas
  • Business Analysis/IT Project Management
  • Interaction with Senior Management

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