Head of Credit Risk

Key responsibilities

• Risk Assessment: Evaluate the credit risk associated with margin accounts and margin lending transactions. Counterparty Risk assessment – to analyze the creditworthiness of existing and potential clients and counterparties and the collateral provided to support the margin positions.
• Margin Policy and Procedures: Develop, maintain, and enforce margin policies and procedures to ensure compliance with internal risk management guidelines and regulatory requirements.
• Margin Monitoring: Monitor margin accounts on an ongoing basis to identify potential credit risks and margin violations. Implement processes to detect margin calls and take appropriate actions to address them.
• Margin Call Management: Coordinate and manage the margin call process, ensuring timely communication with clients or traders who are subject to margin calls. Assess the appropriate course of action in case of margin call non-compliance.
• Risk Modeling: Utilize risk models and tools to quantify and analyze credit risk exposure for the commodity trading portfolio.
• Risk Reporting: Prepare regular risk reports and updates for senior management and risk committees, highlighting key risk metrics, exposures, and trends related to margin credit risk.
• Model Development: Participate in the development and validation of margin risk models used for assessing credit risk exposure and setting margin requirements.
• Portfolio Risk Analysis: Perform portfolio-level risk analysis to assess concentration risks and exposure to specific commodities, markets, or regions. Conduct portfolio stress testing and scenario analysis to evaluate the potential impact of adverse market conditions on margin positions and overall credit risk.
• Collaborate closely with Trading and Operations, Market Risk, Clients and Front Office Business Units
• Compliance and Regulation: Stay abreast of relevant commodity trading regulations and credit risk management standards to ensure compliance with all regulatory requirements.