Requisition ID: R000066530
Job Location: Singapore - Duo Tower
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The Senior Credit Analyst position is part of Corporate Treasury - Credit & Risk Management group and is co-located with Supply & Trading (S&T) in Singapore. S&T buys, sells and supplies crude oil, refined products, LNG, natural gas and gas liquids to support Chevron's crude and gas production operations and its refining and marketing network worldwide through three major trading hubs located in Houston, Singapore and London. The Senior Credit Analyst is a key member in our Global S&T Credit team and a key business partner with S&T who plays an integral role in providing effective credit risk management, directly managing and/or maintaining the relationship with banks, credit risk insurers/brokers and working closely with cross-functional teams across the organization.
Responsibilities for this position include but are not limited to:
Manage and monitor credit risk for counterparties including the following:
- Evaluate counterparties to determine creditworthiness and risk profile.
- Maintain robust monitoring and control daily credit exposure, including credit hold/release activity, notification and escalation to management of any material risks or significant events.
- Negotiate, obtain and manage collateral as required including coordinate collateral for global accounts as required.
- Source and/or structure credit solutions that mitigate risks and potential losses, applying credit solutions using a combination of PCGs, cash collateral, security, and other credit mitigating solutions.
- Liaise, co-ordinate with Global Business Solutions center on letter of credit (LC) and collateral-related matters as needed.
- Draft, develop and negotiate credit provisions for agreements with counterparties and work closely with traders, other internal departments commercial/operations staff, contract, finance, legal and external parties.
- Ensure all contracts comply with the S&T Credit Policy and have the appropriate credit risk mitigations to protect the business adverse risk events.
- Recommend credit line approvals including analysis, trends, and business rationale and liaise with Global Business Solutions center as needed.
- Advise Traders and Originators on credit risk appetite for counterparties, including real-time support on the identification and assessment of credit risks in new business proposals, spot and term deals.
- Partner with Origination teams in the design, evaluation and monitoring of complex commercial deal structures to highlight and mitigate credit risks where applicable.
- Track and stay abreast of market changes related to counterparty, industry and/or country developments that may impact counterparty's creditworthiness.
- Monitor credit exposure through various systems and ensure all systems are synchronized for credit limits and exposures are properly reported.
- Maintain effective working relationships with S&T, business partners, banks, insurers and counterparties and work closely to obtain information required for credit analysis and structure credit solutions.
- Coordinate with business and finance teams to follow up with counterparties on collection issues.
- Mentor and provide back-up support for other credit analysts as required. Collaborate with other regional credit analysts to achieve team, group and company objectives.
- Support/lead design and development of credit risk tools/capabilities and system requirements for S&T's global credit organization.
- Drive business and process efficiencies through new ways of working, process improvements and contribute to systems enhancements and projects.
- Engage in special projects as requested.
Job Requirements:
- Bachelor's degree in Finance, Economics or Business with 10-15 years relevant credit experience gained in energy trading or global banks covering complex commodities/ natural resources businesses. Proven track record in supporting the LNG trading business.
- Strong understanding of accounting principles and conduct in-depth financial statement analysis
- Proficient in the concept of credit scoring models (e.g. Moody's KMV EDF) and S&P and Moody's rating rationale.
- In-depth commodity trading knowledge and have detailed knowledge of oil and gas markets especially LNG.
- In-depth knowledge of credit concepts, credit management and mitigations tools e.g. LCs, PCGs, BGs, margining, trade credit insurance, factoring, netting, ISDA negotiation, margining desk and other financial/banking products/tools.
- Proficient in drafting, developing credit language and negotiating contract credit provisions for master agreements.
- Experience supporting energy-related origination and structured finance transactions.
- Ability to work proficiently in a fast-paced, open-concept trade floor environment.
- Strong team player with excellent communication, presentation and influencing skills.
- Demonstrated ability to consider impact of decisions on other aspects of the business.
- Strong business partnering, problem solving, analytical and change management experience.
- Demonstrated initiatives to continuously seek enhancements in work processes and engagements.
Preferred Qualifications:
- Advanced degree is a plus.
- Proficiency/prior experience with credit system (e.g. Endur, Brady, CubeLogic).
- Prior experience developing credit pricing methodologies/practices and credit risk modeling with credit exposure metrics (e.g. PFE, CVaR).
- Ability to design and manage data visualization tools (e.g. Power BI, Tableau).
