Main Purpose:

The Head of Credit Risk Management is a senior leadership role responsible for overseeing and managing the credit risk function within Trafigura. This individual will develop, implement, and maintain credit risk policies and procedures to minimize risk exposure while supporting the company's growth and profitability. The ideal candidate will possess extensive experience in credit risk management within the commodity trading sector, strong analytical skills, and the ability to lead and mentor a team.

Knowledge Skills and Abilities, Key Responsibilities:

Knowledge, Skills and Abilities

• Bachelor's degree in Finance, Economics, Business Administration, or a related field; a Master's degree or relevant professional certification (e.g., CFA, FRM) is preferred.
• Minimum of 10 years of experience in credit risk management, with at least 5 years in a leadership role within the commodity trading industry.
• Proven track record in leading global credit risk management teams and handling large-scale credit exposures, particularly in the trade finance sector.
• In-depth knowledge of credit risk principles, methodologies, and regulatory requirements specific to commodity trading.
• Strong analytical and quantitative skills, with proficiency in financial modeling and risk assessment tools.Excellent leadership and team management abilities, with a proven track record of developing and mentoring high-performing teams.
• Exceptional communication and presentation skills, with the ability to convey complex information clearly and concisely to senior management and external stakeholders.
• Strong interpersonal skills, with the ability to build and maintain effective relationships with internal and external parties.
• High level of integrity, professionalism, and attention to detail.
• Experience in crisis management and handling high-stress scenarios, with a strong ability to take decisive and balanced actions to mitigate risk.

Key Responsibilities

• Develop and implement comprehensive credit risk management strategies, policies, and procedures to mitigate risk and protect the company's financial interests.
• Lead and manage the credit risk team, providing guidance, training, and development to ensure high performance and adherence to best practices.
• Assess and monitor the creditworthiness of counterparties, including customers, suppliers, and financial institutions.
• Establish and maintain credit limits for counterparties based on thorough analysis of financial statements, market conditions, and other relevant factors.
• Conduct regular reviews and stress tests of credit exposure, ensuring compliance with internal and regulatory requirements.
• Collaborate with the trading, finance, and legal teams to ensure alignment of credit risk policies with overall business objectives.
• Prepare and present regular reports on credit risk exposure, trends, and key metrics to senior management.
• Stay updated with industry developments, regulatory changes, and best practices in credit risk management, incorporating them into the company's risk management framework.
• Foster strong relationships with external stakeholders, including credit rating agencies, banks, and other financial institutions.
• Lead initiatives to improve credit risk assessment tools, systems, and processes, leveraging technology and data analytics.
• Lead the development and implementation of innovative risk management techniques, including entity resolution and client transactional analysis, to enhance day-to-day risk management.
• Manage complex and high-value transactions, ensuring structured risk assessment and supporting the launch of new trade finance products.

Key Relationships and Department Overview:

Key Relationships

- Credit team

- Risk team

- Finance teams

- CFO

- CRO

- Traders / commercial teams

Reporting Structure

- Reporting directly to Chief Risk Officer (CRO)