Credit Risk Manager Commodity Trading

Company Overview

Our client is an established international energy and commodity trading company focused on managing risks and trading operations across regional subsidiaries.

Job Summary

The Credit Risk Manager will oversee counterparty credit risk management, assess creditworthiness, manage credit limits and exposures, and implement risk mitigation to protect the Group's financial interests and ensure compliance with risk frameworks.

Responsibilities

• Develop, review, and enhance the Group's credit risk management framework, policies, and procedures in collaboration with the Head of Risk Management
• Strengthen credit risk assessment methodologies and internal controls to ensure consistent risk management across the organisation
• Implement and monitor credit risk management processes, including risk control procedures and early warning mechanisms, across regional subsidiaries
• Guide and support risk control personnel within subsidiary companies to maintain effective credit risk practices
• Conduct credit assessments of trading counterparties and recommend credit ratings, terms, limits, and risk mitigation measures aligned with the Group's credit risk framework
• Evaluate counterparties financial standing and creditworthiness to inform credit approval decisions
• Prepare credit assessment reports and recommendations for Senior Management review and approval
• Assess credit-related legal, compliance, and market risks during the credit approval process
• Monitor and manage counterparty credit limits, trading exposures, and utilisation across the Group
• Review market information and counterparty developments to identify potential credit deterioration and emerging risks
• Recommend credit limit adjustments, suspension of high-risk counterparties, and reduction of unnecessary exposures
• Manage credit insurance arrangements and pursue appropriate credit insurance coverage
• Maintain and review approved lists of Letter of Credit (LC) issuing banks and paper brokers
• Monitor overdue balances, credit insurance coverage, and market developments, providing regular updates to Senior Management
• Recommend and implement credit risk mitigation measures when exposures exceed risk appetite
• Ensure trading exposures comply with approved credit risk limits and the Group's risk management framework
• Coordinate evaluation and ongoing monitoring of guarantees from counterparties and subsidiaries, including financing and non-financing guarantees
• Maintain and update policies governing non-financing counterparty guarantees in coordination with relevant departments
• Coordinate with regional subsidiaries to enforce consistent credit risk management standards and controls
• Conduct annual risk reviews and ad-hoc credit risk assessments of subsidiaries
• Liaise with the parent company's Legal and Risk Management departments on credit risk matters
• Collaborate with Trading, Operations, Finance, and other internal stakeholders to resolve credit-related issues and enhance risk controls
• Review and report significant risk events, support investigations, and coordinate remediation measures

Required competencies and certifications

• Bachelor's degree in Business, Economics, Finance, or a quantitative discipline, or equivalent qualification
• Minimum 5 years of credit risk management experience, preferably in oil and gas, energy, commodity trading, or related industries
• Strong knowledge of counterparty credit risk assessment, credit approval, credit limit management, and exposure monitoring
• Good understanding of commodity trading markets, trading operations, and related credit risk considerations
• Experience evaluating counterparty financial strength and recommending credit terms, limits, credit insurance, and risk mitigation
• Familiarity with Letter of Credit arrangements, issuing bank assessments, credit guarantees, and trade-related credit exposure
• Strong quantitative, analytical, and decision-making skills to assess credit risks and provide practical recommendations
• Good understanding of regulatory compliance and risk considerations relevant to energy and commodity trading
• Strong communication and interpersonal skills to collaborate effectively with internal and external stakeholders
• Proficiency in English and Mandarin to communicate clearly with English- and Chinese-speaking stakeholders, both verbally and in writing
• High standards of integrity, professionalism, and accountability with strong organisational, time management, and problem-solving skills
• Ability to manage multiple priorities and work effectively under pressure