Credit Risk Specialist

CITIC Commodities Pte Ltd; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

A leading commodities firm in Singapore seeks a Credit Risk Manager to oversee counterparty credit risk assessments and compliance frameworks. The ideal candidate has a Bachelor's degree, along with considerable experience in credit risk management within the commodities industry, and is proficient in both English and Chinese.

Qualifications

• Minimum of 3 years in Credit Risk Management, preferably in commodities.
• Bilingual in Chinese and English for stakeholder communication.
• Ability to independently review corporate financial statements.

Responsibilities

• Assess and recommend counterparty credit risks.
• Monitor credit exposure and prepare risk reports.
• Develop compliance frameworks and ensure adherence.

Skills

Financial Analysis

Analytical Thinking

Interpersonal Skills

Proactive Mindset

Commodities Trading Knowledge

Education

Bachelor's degree in Finance, Accounting or related discipline

Tools

Microsoft Office

VBA

Job description

Job Description

• Responsible for counterparty credit risk assessment and recommendation

• Monitor credit exposure and oversees credit risk reporting

• Assist in developing a credit risk framework for the international business

• Identify and escalates limit breaches, provides support in resolution of key findings

• Keep abreast of industry regulatory changes and requirements

• Supports stakeholders with analysis and advice on credit risk matters

• Ensure compliance with internal controls with guidance from head office

• Oversee and improve upon existing compliance framework

• Other duties as assigned

Requirements:

• Possess a Bachelor's degree in Finance, Accounting or other related Business disciplines.

• Financial Analysis: Ability to independently review and analyze corporate financial statements to assess creditworthiness, liquidity position, and potential risk exposures.

• Commodities Trading Knowledge: Understanding of end-to-end commodities trading processes, including trade contracts, settlement terms, and risk-mitigating instruments such as guarantees or letters of credit.

• Minimum of 3 years in Credit Risk Management; prior experience in commodities industry is a distinct advantage.

• Analytical thinker with the ability to identify nuances in data.

• Proactive mindset, always anticipating potential risks and devising strategies to mitigate them.

• Strong interpersonal skills, able to collaborate and communicate across various departments effectively.

• Familiarity with Microsoft Office applications; proficiency in VBA is an added advantage.

• Bilingual in Chinese and English (written and spoken) in order to liaise with Chinese and English speaking stakeholders.