Credit Risk Manager

February 11, 2021
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  • Location: Houston, Tx 77024.
  • Type: Permanent
  • Job #10454

CREDIT RISK MANAGER required by our Client based in the oil and gas industry, to be hired on a full-time basis, located in Houston, TX.

Duration: Permanent

POSITION SCOPE

Responsible for the risk the company incurs by extending credit to counterparties (clients and suppliers).

PRINCIPAL REQUIREMENTS

  • Institute, lead, and deliver credit card fraud mitigation support.
  • Preempt fraud detection challenges at the strategy and portfolio level and provide analytical/modeling solutions.
  • Manage exposures through the trading systems.
  • Margin counterparties when credit line is breached or if there is a qualifying credit event.
  • Monitor current market events and counterparties.
  • Develop a Credit Risk analysis model.
  • Negotiate banking documents including.
    • Letters of credit.
    • Parent guaranties.
    • Credit terms for lines of credit extended to CFEi.
  • Assist accounting with collection issues.
  • Work with marketers to structure deals.
  • Establish and monitor policies and procedures that will foster the company’s potential to meet its sales and risk management goals. Monitor and assess active accounts to reduce or prevent bad debt losses.
  • Provide the organization with advice on any potential risks to the profitability or existence of the company. Make sure alerts are readily available for business channels transactions.
  • Identify and evaluate threats, and developing alternative courses of actions to avoid, reduce, or transfer risks.
  • Develop and implementing policies and procedures that help to reduce the credit risk of the organization/financial institution.
  • Develop financial models that predict credit risk exposure of the organization and oversee the preparation of performance reports for management.
  • Manage unsecured lending portfolio and continually optimize risk strategy for acquisition, fraud, and collection.
  • Communicate and maintain current policies and procedures to subordinates and other affected parties.
  • Assist in controlling costs associated with operating and collecting credits.
  • Actively support efforts to identify credit risk related issues and coordinate issues resolution management.
  • Ensure timely prioritization, execution, and delivery of key projects and initiatives
  • Produce key management reports and respond to ad hoc requests by managing consumer credit risk reporting resources.
  • Ensure effective design and oversight of the consumer quality function; identify the scope and prioritize local quality control resources.
  • Provide support for pricing and new product process for credit risk inputs (loss assumptions and product risk assessments).
  • Manage cross-market as well as central/local credit risk activities.
  • Develop strong understanding of CFEi compliance and legal policies.
  • Manage the Credit risk group.

EXPERIENCE / QUALIFICATIONS

  • Commodities risk experience (4+ years) ideally from a trading company. Actuarial consultancy or ratings agency also acceptable.
  • Sound understanding of investment fundamentals, asset classes, sectors and principles.
  • Good understanding of risk management methodologies including VaR.
  • Degree or professional qualifications in financial modelling, economics, quantitative risk or equivalent.
  • Designation such as CFA, FRM, PRM, MBA considered an asset.
  • Working knowledge of consumer credit risk management and must possess sound market and industry knowledge of the sector in which they specialize
  • Advance computer skills, especially proficiency with Microsoft Office (Excel, Access, Word, PowerPoint) applications; a working knowledge of SAS (Base, Macros) or SQL, R and Python is a plus, and other coding experience are acceptable. Experience in working with data and data manipulation tools may also be required
  • Ability to handle several complex tasks simultaneously and also coordinate key projects with a variety of stakeholders is essential
  • Great written and verbal communication skills to be able to work effectively with others.
  • Ability to make deductions and meaning from rather complex and abstract situations and make sound decisions.
  • Understand standard industry contracts:
    • NAESB
    • EEI
    • ISDA
    • Regulated contract from ISO’s
  • Have understanding of public and private counterparty’s financial statements
  • Facilitate Commercial with term deals for potential financial downfalls
  • Have knowledge of S&P, Credit Risk Monitor, Bloomberg and Moody’s reports
  • Ability to facilitate deal exceptions with upper management in the event of stranded deal
  • Ability to calculate mark to market risk using current price curves
  • Familiarity with non-trading areements
    • Storage agreements
    • Pipeline agreements
    • Transport agreements
    • Netting agreements
    • Structured deal contracts
  • Some understanding of bankruptcy law to work in collaboration with legal
  • Ability to work in a fast paced environment
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