Skip to main content

This job has expired

You will need to login before you can apply for a job.

Head of Global Credit Underwriting

Richard James Recruitment Specialists Ltd
London, United Kingdom
Closing date
Apr 25, 2023

View more

Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Our client is a leading, world renowned Global Commodity trading company.

The Credit department is an independent function which manages, monitor's and provides advice to the Trading business as it relates to Credit and Performance Risk. The includes setting risk limits, monitoring exposures within our risk tolerances, appropriately pricing risk into transactions, working with the trading desks to structure Credit mitigation solutions and ensuring proactive risk identification.

This is a newly created senior role within the wider Credit Risk function which looks to centralise parts of the Credit Assessment activity across the Global Marketing business.

The individual will drive the vision and strategy including updating and maintaining assessment methodology to provide ratings and set risk limits, work with other Credit Leads and Commercial to monitor and proactively identify risk across the portfolio, research the macro environment and lead the assessment team.


  • Own and define the Credit Assessment methodology including updating and maintaining assessment templates, scoring models and policies for the Oil and Metals business across 4 jurisdictions.
  • Lead a team of analysts based overseas, providing Credit Assessments on counterparties the business trades with across Oil and Metals.
  • Assess and analysis macro events and financial market activity to proactively identify risk. Drive the agenda for Sovereign, Sector and Macro analysis working with external providers and Commercial Credit.
  • Senior member of the deal team working with Commercial Credit to provide recommendations on Credit Risk appetite based on fundamentals and risk/reward parameters.
  • Own day to day delivery of timely Credit Assessments ensuring the team is meeting KPI's and managing down any backlogs.
  • Build in-depth understanding and relationships with key 3rd party providers, particularly Credit Rating Agencies to keep up to speed with industry changes and ensuring our processes and scoring models are fit for purpose.
  • Work with respective Credit Heads in London, New York, Singapore, and Switzerland to monitor and flag issues across the portfolio. This includes looking to build a real-time trigger management framework to support oversight and risk identification.
  • Own Management Reporting for Global Credit Risk
  • Maintain the storing and recording of Credit Assessments and key data output including updating systems to ensure key controls are maintained and the process is auditable here.
  • Define team strategy and vision and build a development platform for the team.


  • Previous extensive work-based Credit Risk experience, to include In-depth Credit Analysis experience across the corporate space.
  • Experience in an Investment Bank, Oil Major, Commodity Trader, or Utility.
  • Strong experience assessing and providing Credit Limit recommendations on the commodity sector including Oil Majors, Exploration & Production companies, Refiners, Utilities, Miners etc.
  • In-depth understanding of Credit Rating Agency methodologies including different Scoring Models and approaches
  • Passion to absorb information and be inquisitive as it relates to the external environment.
  • Preference of prior experience managing a team but would also consider single contributor.
  • Strong written and verbal communication skills with experience of communicating and working with senior stakeholders.

Sign in to create job alerts

Sign in or create an account to start creating job alerts and receive personalised job recommendations straight to your inbox.

Create alert