Commodities Corporate Credit Manager

Recruiter
Morgan McKinley
Location
London, United Kingdom
Salary
Competitive
Posted
26 Jul 2022
Closes
25 Aug 2022
Ref
16046555
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Summary
  • London
  • Permanent
  • BBBH822883
  • Jul 20, 2022
  • Competitive

Job Description
focus on the Global bank seeks a Corporate Credit Manager to ficus on the Bank's commodities related counterparty portfolio, for both financing and derivatives products.

The Corporate Credit Team is responsible for providing management and analytical support for the Bank's activities in its Global Markets Commodities business area and implementing the Bank's credit procedures and policies, including approval of credit limits. It is also responsible for managing a portfolio of structured financing credit risks associated with the Bank's strategic lending transactions and related investing activities, with the primary objective of managing risk within acceptable parameters.

This position will have a primary focus on the Bank's commodities related counterparty portfolio, for both financing and derivatives products.

Key Responsibilities

Evaluation and Approval of Credit Applications:
  • Ownership and understanding of the risk profile of a commodities related counterparty credit portfolio.
  • Formulation and evaluation of credit proposals, with a comprehensive risk assessment for new or increased facilities, in addition to annual reviews on the existing portfolio. Undertake quantitative and qualitative financial analysis to develop a comprehensive understanding of counterparty and structural risks.
  • Provide support to senior Credit management in all aspects.
  • Close working relationship and engagement with Deal Teams.
  • Prepare and present applications to Credit Committee and other Risk forums involving Senior Management.
  • Articulate credit appetite and give guidance on structure of deals and documents required to mitigate risks as far as possible.
  • Coordinate and ensure that post-approval implementation of facilities and legal documentation is in accordance with the conditions of sanction.
  • Follow up and address non-adherence to terms and conditions of sanction by counterparties; to consider the inherent risk therein and to make recommendations as to action to be taken to regularise or mitigate such increased risk.
  • Participate in ad-hoc projects and portfolio reviews as required from time to time.


On-going Credit Management:
  • Proactively communicate key risks as they arise.
  • Overall management of the portfolio of accounts with appropriate escalation, including credit limit monitoring.
  • Monitoring, questioning and understanding changes in credit quality in any counterparty/industry.


Leadership:
  • Demonstrate and/or develop a proactive, "Change the Bank" mind-set.
  • Identify and drive change within Credit and the Business by initiating and owning change projects as necessary.


Preferred Qualifications and Experience

Knowledge, technical skills and expertise:
  • Experience in writing credit applications and analysing transactions within the credit risk department of a Financial Institution.
  • Good understanding of accounting (both management and financial accounting) to analyse financial strengths and weaknesses of clients and identify potential risks to credit proposals
  • Good understanding of lending and derivative products related to the Commodities sector, including ability to analyse and interpret cash-flow models and conduct sensitivity analysis.
  • Ability to understand structured deals and provide guidance to ensure sound security / covenant structures are in place.
  • Ability to interact with Front Office providing credit support to Deal Teams and Sales Teams.
  • Experience of engaging with clients to discuss transaction terms and related credit risks.
  • Working knowledge of the risk systems for monitoring and related procedures for analysing the account behaviour of clients and identifying trends and shifts in credit risk profiles.
  • Conceptual and practical knowledge of credit procedures, policies and standards.
  • A track record of operating with a personal delegated approval authority.

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.

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