Credit Analyst

Credit Analyst

Department

Risk Management (Global Markets)

Reporting to

Head of Credit

Job grade

TBC

Direct reports

None

Role purpose

You’ll support the credit risk function in protecting the business against losses arising from client exposures across exchange-traded and OTC metals (with scope to expand into additional products over time). You’ll assess counterparties, monitor exposures against risk appetite and limits, and escalate issues in a timely and effective way.

What you’ll do

• Support the Head of Credit in managing credit and country exposures
• Monitor credit exposures against the firm’s risk appetite, limits, and key risk metrics, escalating issues where appropriate
• Perform credit assessment, review, and internal rating (quantitative and qualitative) for prospective and existing clients/counterparties, including:
  • Corporates
  • Financial institutions
  • Central counterparties (CCPs)
  • State-owned enterprises
• Present credit assessments and recommendations to the Credit Committee
• Monitor client exposure against approved limits and recommend risk mitigation actions where breaches occur
• Oversee margin call activity, including end-of-day and intra-day monitoring, and escalate breaches of internal controls
• Maintain and update client credit files and documentation (financials, approved limits, review outcomes, approvals, etc.)
• Own a portfolio of counterparties and conduct regular reviews of financial and non-financial information impacting credit appetite, making recommendations to the Head of Credit
• Maintain working knowledge of relevant regulations and best practice for credit risk operations
• Keep up to date with portfolio credit risk measurement techniques and support adoption where appropriate
• Track global macroeconomic trends and country-specific risk factors that may impact credit assessments
• Participate in UAT for in-house back office and risk systems related to credit risk reporting/monitoring
• Support ad hoc tasks as required by the Head of Credit

What we’re looking for

Essential experience & skills

• Minimum 4+ years’ experience in commodities credit risk management (ideally with exposure to major commodities exchanges)
• Strong corporate credit analysis capability, including P&L, balance sheet, and cash flow analysis
• Demonstrable experience producing well-researched credit papers with clear conclusions and recommendations
• Experience assessing clients operating in the commodities sector, with a solid understanding of key market participants
• Strong written communication skills and ability to synthesise complex qualitative and quantitative information
• Confident communicator, able to engage effectively with stakeholders across Operations, Front Office, and senior management, as well as external clients
• High attention to detail and a proactive, solutions-focused approach in a fast-moving environment
• Understanding of the risks associated with granting credit lines, including initial margin (IM) and variation margin (VM) considerations
• Experience reviewing trading documentation from a risk perspective (e.g., ISDA/CSA, Terms of Business, guarantees, loan agreements) is an advantage

Qualifications (desired, not essential)

• Degree in finance, accounting, economics, or a related field
• FRM qualification (or working towards)
• Ability to speak/read Chinese (Mandarin and/or Cantonese)