Why explore
- An opportunity to drive improvements
- Exposure to global operations, processes and stakeholders
- Work in a collaborative and fast paced environment
- Based in Singapore, a global commercial hub for Rio Tinto
About the role
We are looking for a Senior/Principal Advisor - Credit Risk to join the Commercial Credit Risk team whose function is to offer insightful, proactive, timely and high-quality credit analysis and risk advice to facilitate sound business decisions, promote sustainable growth and protect the company's balance sheet.
This role is a great opportunity for an individual with a strong partnership mindset who understands the value of considering risk and uncertainty in business decision making and who loves and thrives in delivering strong commercial outcomes in close collaboration with different stakeholders from Sales & Marketing, Commercial Services, Logistics, Procurement, Finance, Legal and other functions.
Reporting to the Senior Manager - Credit Risk, you will:
Credit Risk Analysis and Portfolio Management
- Analyze qualitative and quantitative data on new/existing counterparties and risk profile of deal/structure in order to determine and recommend credit rating, credit limit, payment terms and credit solutions for the counterparty and the deal/structure.
- Responsible for management of counterparties under assigned portfolio including credit reviews, queries on potential deals/exposures, checks on limits availability, onboarding requests, credit blocks release and credit alerts.
- Management of counterparty relationships together with BU/PG (e.g., onboarding, non-payment/default and/or any credit related events).
- Assess complex transactions in conjunction with BU/PG & functions with an aim to develop appropriate credit solutions and proper credit rights/terms in contracts.
- Responsible for liaising with credit insurers and brokers, other risk teams and functions (e.g. Legal, Finance) to implement credit management measures (e.g., security arrangements, payments terms, credit rights or triggers).
- Collaborate with Sales & Marketing teams on the formulation of solutions to enhance sales value through terms extension while ensuring risks are identified and mitigated.
- Support, advise and partner with Commercial organization in their strategic and operating initiatives to deliver the cash target, margin enhancement and process efficiencies to the Group.
Credit Monitoring and Reporting
- Monitor assigned portfolio daily using available tools/resources/market intelligence and promptly highlighted any adverse credit news within the portfolio and provide early risk alert of credit events.
- Maintain close communication with BU/PG to gain a deep understanding of portfolio, in particular risk factors for the respective industry and counterparties.
- Monitor BU/PG adherence to credit limits and report all credit control breaches.
- Prepare, review and validate credit management reports including sales forecasts, credit exposure, AR aging and excess monitoring as needed by RT, credit insurers and banks.
- Ensure all credit reviews are up-to-date, and all supporting documents are filed.
- Ensure credit processes maintain consistency with relevant governance framework and documents and/or reporting process are in place.
- Prepare presentations for credit committees and insightful analytics/tools for the businesses.
Credit Risk Systems and Credit Risk Projects
- Utilization of various credit risk and accounting systems for credit risk management and administration (e.g., SAP, S&P CIQ).
- Lead and drive standardization and automation of credit related processes and continual improvements for the Credit Risk function.
- Initiate and participate in credit risks system enhancement and reporting needs (e.g., Credit dashboard, Excess reporting).
- Participate or lead in cross functional / BU / PG projects where required.
About you
To be successfully considered for this role, you will have:
- Degree in business studies and/or finance accounting. A post graduate degree (MBA, CPA, CFA or equivalent) and strong quantitative skills would be advantageous.
- Minimum of 10 years of relevant experience (gained as Credit Risk / Financial Analyst) in a financial institution, commodity trading or metals & mining environment.
- Working knowledge of trade finance solutions, trade credit insurance and parental/corporate guarantees.
- Strong portfolio, analytical and financial analysis skills with ability to communicate final credit decisions and recommendations, both in writing and verbally.
- Team player, mature and able to work independently with minimal supervision and very strong stakeholder management skills.
- Strong PC skills, Advanced Excel and working experience with SAP, S&P CIQ. Python programming and Power BI skill a plus.
- Working knowledge of Mandarin language will be beneficial.
