Job Description

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Position Description

Within JERAGM, the Credit function is responsible for all aspects of credit risk management including pre-deal counterparty assessments, counterparty KYC and sanctions checking, contractual and credit support negotiations, portfolio credit exposure management (including mitigation), default probability assessments, and credit risk capital assessments.

As a global trading business, JERAGM has counterparty exposure in Asia, EMEA, the U.S., and Latin America. The quality of our counterparties ranges from large, listed utilities and global trading companies to small single ship owning organisations. Trading relationships range from bilateral commodity sales and purchases to complex structured transactions with SPVs (IPPs for example).

The current position will be located in JERAGM\xe2\x80\x99s headquarter in Singapore. The Credit Analyst will report directly to the Head of Credit & KYC in Singapore.

Key Role Responsibilities

As part of the Credit & KYC team, the Credit Analyst will be responsible for:

• Assessing and analysing new and existing counterparties - writing full credit analyses to identify risks and recommend credit ratings, limits, credit structure and contractual terms to the Credit Risk Manager, Head of Credit and/or Executive Management;
• Modelling plain-vanilla potential credit exposure of new and existing transactions;
• Helping KYC Analysts in completing KYC and AML checks and ensure adherence to JERAGM\xe2\x80\x99s Compliance Policy;
• Managing relationship with Front Office (originators & traders) and ensure commercial and credit risk interests are understood and reconciled;
• Monitoring, understanding, managing and reporting counterparty credit exposures (individual and portfolio) on daily basis to ensure trading activity remains within approved limits;
• Negotiating credit terms and covenants in commodity trading agreement (long-form contracts, MSPA, SCoTA, ISDA\xe2\x80\xa6) as well as credit supports (letters of credit, parent company guarantee, insurances\xe2\x80\xa6) directly with counterparties, guarantors, banks\xe2\x80\xa6 in collaboration with JERAGM Legal and Front Office teams;
• Regularly reviewing dedicated markets and sectors to identify events that could impact the credit portfolio and identify actions to mitigate risks;
• Computing and reporting key credit risk indicators (credit reserves, credit risk capital\xe2\x80\xa6) to Head of Credit, Executive Management and shareholders on a monthly basis;
• Maintaining the credit system updated and ensuring integrity and accuracy of data;
• Contributing to the development of new policies, quantitative credit risk frameworks and IT tools.

Qualifications:

Experience

• Around 3-7 years of experience in a credit analyst position gained within a commodities trading environment or financial institution;
• Professional experience on energy products, particularly LNG, LNG Freight, Coal and/or, Drybulk freight will be a strong advantage;
• Professional experience in negotiating contractual and credit documentations will be a strong advantage;

Technical

• Educated to degree level or equivalent professional qualification;
• Excellent financial, qualitative and credit analysis skills;
• Good negotiation skills and understanding of contractual framework;
• Knowledge of Coal, LNG and Freight products;
• Understanding of KYC and AML processes and requirements is a plus;
• Fluency in English \xe2\x80\x93 both written and verbal compulsory;
• Fluency in another language will be a strong advantage;
• Understanding of CubeLogic system and Excel pivot is a plus;
• Understanding of S&P IQ capital is a plus;
• Basic understanding of Python and Power BI is a plus;

Other Information:

Person Specification

• Organised and accountable;
• Capable to work autonomously is important but also to function as part of a team;
• Able to work within strict deadlines and within policies;
• Confident personality with the ability to communicate and write effectively as well as interact with a variety of JERAGM functions and external counterparts;
• Attention to detail and the ability to work logically, consistently, and accurately;
• Computer literate, numerate, and comfortable handling varied and complex data sets;

Role Opportunity

This role offers an excellent opportunity to further develop skills and responsibility within a growing and successful commodity trading business. The Credit Team is central to JERAGM business development and the risk management function. Credit Analysts act both as partners and controllers of business functions. This role offers the opportunity to support and influence the course of commercial activities. The Credit & KYC team offers an environment of mutual support, trust and accountability.

About Us:

About the Company

JERA Global Markets (JERAGM) is a leading utility-backed seaborne energy trader specialising in LNG, coal and freight. A joint venture between majority shareholder JERA Co., Inc. and EDF Trading, JERAGM\xe2\x80\x99s shareholders are among the world\xe2\x80\x99s largest utilities.

JERAGM operates one of the largest energy portfolios in the world which gives it an in-depth understanding of the way local, regional and international energy markets behave. These insights enable it to help its customers increase security of supply, optimise their portfolios and improve the risk management of their assets.

JERAGM LNG team manages the flexibility of over 35 million tonnes of supply each year, with structural access to both the European and North American gas markets. The coal team manages 60 million tonnes of supply each year for its shareholders and third-party customers and operates a major coal terminal in the Netherlands.

Headquartered in Singapore, JERAGM has a global talent pool of more than 250 people across offices located in four strategic locations: Singapore, Japan (Tokyo), the UK (London) and the US (Baltimore).

JERAGM is strongly capitalised with over US$500 million in paid up capital and a total equity of US$3 billion. JERAGM has retained its A+ Stable rating from R&I, attributable to a robust business model and solid financial base.

JERA Global Markets