Credit Analyst recruitment
About Us
Gazprom Marketing and Trading Singapore Pte Ltd (“GMTS”) is a private limited company established in 2009 as a 100%-owned subsidiary of Gazprom Marketing and Trading Ltd (“GMT”). GMT is a UK-registered wholly-owned subsidiary of OAO Gazprom, the world's largest holder of gas reserves. Incorporated in 1999, GMT was created to optimise Gazprom’s energy commodity assets and downstream expansion through its global marketing and trading network and to be a global, vertically integrated energy company. GMT and its subsidiaries operate in numerous international markets in commodities such as Natural Gas, LNG, Power, Oil, Oil Products, Carbon Allowances and Biomass. In Asia, GMTS has significantly increased the volume of LNG trade and commenced trading in carbon emission reduction certificates, foreign exchange and both financial and physical oil products.
The GMT group aims to deliver “A world-class risk management function providing timely, accurate and flexible services which both protect and enhance value”. Effective credit risk management is an essential component as the GMT group continues to expand the scale and complexity of its activities.
Job Description
The key task of this role is to assist in the expansion of GMTS’s business in Asia by supporting the Credit Risk Team in establishing, monitoring and reporting counterparty credit limits, managing breaches of existing credit limits, assisting with negotiations of trading documentation, establishing GMTS’s lines of credit and developing relationships with the credit departments of GMTS’s counterparties.
Job Responsibilities
1) Specific responsibilities
- Counterparty assessment – analysing counterparties’ credit worthiness in order to recommend appropriate credit limits and managing credit support (PCGs, LCs etc) where necessary. Regular renewal and continuous monitoring of counterparty status.
- Counterparty maintenance – developing and maintaining relationships with counterparties including support in negotiating trading documentation and maximising the credit lines extended to GMTS.
- Credit support provision – identifying the requirements for credit support for exchanges, operators and certain new business activities (not core trading) and evaluating and procuring the most cost-effective forms of credit support.
- Credit reporting and control – routine reporting of credit exposure and risk measures, and anticipation and management of breaches and exceptions.
2) General responsibilities
- Build and maintain strong internal relationships across all business and support functions and ensure close liaison with other members of the risk management team.
- Assist in the development of the Credit Risk function including with counterparty assessment tools, advanced exposure and risk measures and development and documentation of credit risk management policies and procedures.
Candidate Specification
1) Qualifications
- Degree level education. Finance or numerate subject preferred.
2) Skills
- Understanding of the key elements of Credit Risk Management with credit assessment experience from a commodity trading or banking environment.
- Experience of commercial lending and derivatives markets along with knowledge of energy markets and types of physical and financial energy products and their risks.
- Ability to produce accurate credit papers and reports within tight deadlines.
- Fluent in English. Other language skills would be a major benefit.3) 3)
3) Competencies
- Good computer skills.
- Strong analytical skills with the ability to communicate effectively at all levels.
- Written presentations skills, with strong attention to detail.
- Strong desire and ability to learn new skills.
- Pro-active in achieving results.
- Able to cope with rapid business growth and challenging environment.
- Able to work as part of a team as well as individually.
- Strong execution skills.
- Diligent and reliable.
4) Experience
- Demonstrable experience as a Credit Analyst either within an energy company, bank or rating agency.
- Experience of and familiarity with the energy/commodity trading markets (particularly Oil, LNG and carbon allowances) is an advantage.
5) Location
- Singapore