Credit Risk Manager – Energy Trading recruitment
A requirement has arisen for a Credit Risk Manager to join the European based trading arm of a multi-billion pound Energy Trading business. Second to none in reputation they work across a broad commodity portfolio and are present in over 40 locations. The primary responsibility of this position over time is to manage and develop a multi-cultural team of credit professionals responsible for all aspects of credit risk control and management. Initially managing one Senior Analyst they will look to grow this function over the next 6-9 months.
Key responsibilities:
- Management of Credit risks associated with trading and retail operations
- Design, implement and maintain a set of comprehensive Credit Risk policies and procedures in line with Global Group Policy
- Evaluation of counterparty financial and other information to set counterparty credit limits in accordance with Company policy
- Proactively liaise with counterparties to support commercial initiatives
- Provide leadership in drafting and negotiation of credit aspects within trading contracts working closely with Legal including the implementation of cross commodity master netting agreements, credit support documentation and other credit risk mitigation techniques (ISDA, EFET etc)
- Identify, measure, monitor, mitigate and report credit risk against limit structure
- Ongoing identification and assessment of new credit exposures to be incorporated
- Develop and maintain risk modules within ETRM systems
- Develop and operate processes, procedures and controls in support of financial regulation and other corporate requirements
- Contribute to ad hoc project work
The successful candidate will have proven experience in trading risk management and working in a fast paced environment. They will have a strategic approach to Credit Risk and excellent relationship building skills. English is the main working language in the office however additional fluency will be advantageous. A salary of c. £75,000 is available with a compelling benefits package in addition.