Counterparty Credit Risk Officer

Yello; Dubai; On-site; AED 240,000 - 360,000; Full time

Job summary

Yello, a UAE-based commodities trading client, seeks a credit risk professional to oversee counterparty risk exposures and lead assessments. You will develop risk policies, ensure regulatory compliance, and provide management with timely risk insights across trading operations in multiple locations.

The role involves onboarding, limit maintenance, reporting, and collaboration with finance, IT, and trading teams to strengthen governance and automate risk processes.

Qualifications

• Experience conducting detailed credit assessments of counterparties.
• Ability to analyze financial statements, payment history, and indicators.
• Experience developing risk policies and reporting to management.

Responsibilities

• Monitor and assess counterparty credit risk exposures on an ongoing basis.
• Conduct credit evaluations and prepare risk assessments for counterparties.
• Develop and implement credit risk strategies and policies.
• Ensure compliance with internal guidelines and regulatory requirements.
• Maintain records and reports related to credit risk assessments.
• Collaborate with accounting and finance to align on risk management.
• Provide regular updates to senior management on risk profiles and trends.
• Support audits and reviews of credit risk practices.
• Perform detailed credit assessments of customers, suppliers, and trading counterparties.
• Analyze financial statements, payment history, market intelligence, and risk indicators.
• Prepare credit proposals and recommendations for internal approvals.
• Manage end-to-end counterparty onboarding and credit approval.
• Maintain and review approved credit limits with timely renewals.
• Monitor daily exposures, receivables, and prepayments against limits.
• Identify and track limit breaches and exceptions.
• Support overdue receivables management with finance teams.
• Assist with credit-insured receivables programs, including reporting.
• Submit spot credit approval requests for urgent opportunities.
• Maintain and update approved counterparty databases in risk systems.
• Produce daily, weekly, and monthly exposure and credit risk reports.
• Extract, reconcile, and analyze data from ERP, ETRM, and internal systems.
• Investigate discrepancies and improve data accuracy.
• Support supplier credit arrangements and onboarding negotiations.
• Reconcile supplier exposures and communicate capacity to stakeholders.
• Drive reporting automation to improve efficiency.
• Develop risk reporting tools, dashboards, and controls.
• Partner with IT on system improvements and data quality initiatives.
• Work with trading, finance, legal, compliance, treasury, and risk teams across locations.
• Support implementation of robust credit risk processes and governance.
• Provide timely risk insights to support business decisions.

Skills

Credit risk

Financial statement analysis

Risk reporting

Data analysis

Stakeholder collaboration

Tools

ERP systems

ETRM systems

Job description

Our client is a newly established and rapidly growing commodities trading business expanding its presence in the UAE. Operating across international markets, the company combines entrepreneurial agility with global reach and is building a best-in-class risk management framework to support its trading operations.

• Monitor and assess counterparty credit risk exposures.
• Conduct credit evaluations and prepare risk assessments for prospective and existing counterparties.
• Develop and implement credit risk management strategies and policies.
• Ensure compliance with internal credit risk guidelines and regulatory requirements.
• Maintain accurate records and reports related to credit risk assessments.
• Collaborate with accounting and finance teams to ensure alignment on financial risk management.
• Provide regular updates to senior management on credit risk profiles and trends.
• Support audits and reviews related to credit risk management practices.

• Conduct detailed credit assessments of customers, suppliers, and trading counterparties
• Analyse financial statements, payment history, market intelligence, and credit risk indicators
• Prepare credit proposals and recommendations for internal approval processes
• Manage the end-to-end counterparty onboarding and credit approval process
• Maintain and review approved credit limits, ensuring timely renewals and updates
• Monitor daily counterparty exposures, receivables, and prepayments against approved limits
• Identify, escalation, and track limit excesses, breaches, and exceptions
• Support overdue receivables management in collaboration with finance and trade finance teams
• Assist with credit-insured receivables programmes, including reporting and stakeholder coordination
• Submit spot credit approval requests for trading opportunities requiring urgent assessment
• Maintain and update approved counterparty databases within trading and risk systems
• Produce daily, weekly, and monthly exposure and credit risk reports
• Extract, reconcile, and analyse data from ERP, ETRM, and internal reporting systems
• Investigate discrepancies and improve the accuracy and integrity of risk data
• Support negotiations relating to supplier open account facilities and credit arrangements
• Reconcile supplier exposures and communicate available capacity to internal stakeholders
• Drive reporting automation initiatives to improve efficiency and reduce manual processing
• Develop and enhance risk reporting tools, dashboards, and controls
• Partner with IT teams on system improvements, automation projects, and data quality initiatives
• Work closely with trading, finance, legal, compliance, treasury, and risk teams across multiple locations
• Support the implementation of robust credit risk management processes and governance standards
• Provide timely risk insights and recommendations to support commercial decision-making