To provide efficient and effective credit risk management and assist in protecting the company against bad debts arising from
client portfolio
Summary of Functions:
· To assist the Head of Credit in managing credit related exposures
· Responsible for monitoring of all related credit exposure against the stated risk appetite of the Company and all
relevant risk limit metrics, with timely escalation as appropriate.
· Report to the Head of Credit
Main Duties of the Role :
· Support the Head of Credit in the compliance with the credit risk policies and procedures and promote a sound
environment for granting, measuring, monitoring and controlling credit risk is in place. · Perform credit assessment, review and rating (quantitative and qualitative) of potential and current clients/counterparties including corporates, financial institutions, CCPs and State Owned Enterprises. · Present credit risk assessments and recommendations to the Credit Committee for approval. · Monitor client exposure against various limits and recommend risk mitigation action against any breaches as per credit policy and procedure. · Specific overview of the margin call of clients and the reporting/escalation of any breaches of UK’s internal controls. · Maintain and update credit record/documentation of clients, including financials, approved limits, review decisions etc. · Maintain a portfolio of clients for the regular review of financial and non financial information that may impact on credit lines provided, making recommendations to the Head of Credit as appropriate. · Maintain an understanding of all pertinent regulations as well as best practices pertaining to the overall credit operation. · Continued awareness of market methodological developments with regard to portfolio credit risk measurement techniques and ensure adoption of relevant techniques where appropriate. · Maintain a focus on the global macro-economic environment, with an understanding of specific country factors that may have an impact on the credit risk assessment of those clients and counterparties incorporated or operating in those countries. · Perform daily monitoring and reporting of credit risk and other risk reporting duties including monthly MI, ARC/Board meeting MI, group reporting etc. · Embed group credit risk related policies and procedures to local process. · Maintain close and effective communication with Risk in relation to credit risk management. · Work closely with the market risk team where required, such as daily reports. · Participate in the UAT of in house back office and risk systems in relation to credit risk reporting/monitoring. · Other ad hoc duties as assigned by the Head of Credit and the management.
Key skills, experience and personal attributes required and problem solving:
· Proven track record in corporate credit analysis experience, including profit and loss, balance sheet and cash flow
analysis .Demonstrate a flexible attitude working within a dynamic environment, to quickly resolve issues
· Track record in compiling researched credit assessments with sound conclusions
· Experience of reviewing clients that operate in the commodities sector, with a good working knowledge of the key
players
· Represent the Credit Department in client meetings
· Understanding inherent risk in granting credit lines for IM and VM requirements for clients
· Strong report writing skills and ability to consolidate large amounts of qualitative and quantitative data
· Ability to communicate effectively in a manner appropriate to the audience from junior level colleagues, to senior
management as well as a diverse external client base
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