Responsibilities
Within JERAGM, the Credit function is responsible for all aspects of credit risk management including pre-deal counterparty assessments, contractual and credit support negotiations, portfolio credit exposure management (including mitigation), default probability assessments, and credit risk capital assessments.
As a global trading business, JERAGM has counterparty exposure in Asia, EMEA, and Americas. The quality of our counterparties ranges from large, listed utilities and global trading companies to small single ship owning organisations. Trading relationships range from bilateral commodity sales and purchases to complex structured transactions with SPVs (IPPs for example).
The current position will be located in JERAGM's headquarter in Singapore. The Credit Risk Manager role will report into the Senior Manager, Credit Risk in JERAGM, who is based in Singapore. Local Credit Analysts will report to the Credit Risk Manager.
As part of the Credit team, the Credit Risk Manager will be responsible for:
- Working closely and collaboratively with JERAGM's Senior Manager, Credit Risk, to ensure consistency in approach, platform and output for all credit assessments and reports.
- Leading credit risk related requests, primarily originating from Singapore offices, overseeing risks, rating, limit and mitigation assessments for new and existing counterparties, to ensure that credit risk assessments are complete, relevant and insightful. Direct involvement in review process and write-ups will be required too.
- Reviewing and approving limit and counterparties proposals under delegated authority, or escalating appropriately in accordance with internal risk mandate.
- Leading the group of Credit Analysts based in Singapore and as appropriate, providing guidance and oversight for all Credit Risk team members.
- 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 by Credit Quantitative Analysts.
- Working with the Legal team in the negotiation of credit terms and covenants in commodity trading and service agreement (MSPA, ISDA, CSA, etc.) as well as credit supports (letters of credit, parent company guarantee, insurances, etc.) directly with counterparties, credit support providers, in collaboration with and support of JERAGM's Legal and the Commercial Origination teams.
- Identifying and monitoring market trends and emerging events that could potentially impact the credit standing of entities within the counterparty portfolio and/or credit exposures and identify actions to mitigate risks.
- Overseeing and supporting the computation and reporting of key credit risk indicators (credit reserves, credit risk capital, etc.) to JERAGM's VP, Risk and Senior Management and Shareholders on a periodic or ad hoc basis, as required.
- Providing leadership to the Credit Risk team, to provide a collaborative, cohesive and high-performing work environment for the Credit Risk team, within the context of the JERAGM's Supporting Functions and broader commercial trading activities.
- Leading and contributing to the certain platform improvement initiatives, ranging from new policies, qualitative and quantitative credit risk frameworks and IT tools.
Qualifications
- Around 8-10 years or more of experience in a senior credit analyst/manager/senior manager position gained within a commodities trading environment or financial institution;
- Experience in leading teams or managing junior resources and overseeing complex transformation projects;
- Professional experience in at least one of our energy products, specifically Coal, LNG and/or LNG/Drybulk freight, is a requirement, and exposure to Gas and Power will be a strong advantage;
- Professional experience in negotiating credit risk management structures and contractual terms (supported by the Legal team) and in crafting relevant, insightful, and concise credit documentations will be a strong advantage;
- Degree level or equivalent professional qualification;
- Excellent financial, qualitative and credit analysis skills;
- Good negotiation skills and understanding of contractual frameworks;
- Knowledge of Coal, LNG and Freight products required, and knowledge of Gas and Power, is a plus;
- Understanding of KYC and AML processes and requirements and the inter-dependencies with the Credit Process is key;
- Fluency in English - both written and verbal compulsory;
- Understanding of CubeLogic system is a plus;
- Experience and understanding of S&P IQ capital is a plus;
- Problem-solving attitude and ability to think critically to manage real-world risks and challenges in complex situations
- Ability to bring leadership to the role, managing various internal and external constraints, while remaining tactful;
- Ability to absorb pressure, transmit clarity and communicate the path forward;
- Organised and accountable;
- Capable to work autonomously is important but also to function as part of a team;
- Able to work within strict and tight deadlines and within policies;
- Confident personality with the ability to communicate and write effectively as well as interact with a variety of JERAGM functions and external counterparts;
- Attention to detail and the ability to work logically, consistently, and accurately;
- Computer literate, numerate, and comfortable handling varied and complex data sets;
Other Information
JERAGM does not seek or accept unsolicited resumes or CVs from recruitment agencies. 
