Being part of the Global Credit Underwriting & Operations Team (Houston, London, Singapore and Manila) reporting directly to the Underwriting Senior Team Manager, undertaking Credit Activities in support of all T&S entities, including :
Supporting the Underwriting Senior Team Manager in embedding and evolving the new assessments team.
Credit Assessing global counterparties cross sector, specifically performing robust quantitative and qualitative analysis of the counterparty Shell trades with to recommend Credit Ratings, Credit Limits and terms as well as working with our onshore colleagues in London, Singapore and Houston to ensure consistency.
Maintain and develop detailed understanding of current Credit Rating Models, specifically S&P Capital IQ and Moody’s Risk Calc used by the Global Underwriting Team.
Maintain an external focus on the macro and micro environment and engage key stakeholders both onshore and offshore when necessary with proactive advice and solutions.
Regular Credit Operations, specifically respective to the credit limit entry in the systems, ensuring data integrity is an important part of the Trading & Supply Credit.
Act as the day to day interface with the onshore and offshore credit teams, commercial and financial stakeholders to support and advise on the Credit Risk posed by counterparties delivered through the Credit Assessment process and data integrity tasks relevant to the Trading & Supply Credit function.
Tasks will include but not be limited to :
Conduct all Credit Activities as part of the underwriting’ / customer / counterparty on-boarding and ongoing maintenance process.
Evaluation of new counterparties and re-evaluation of existing counterparties the core part of the role includes performing Risk Assessment of new and existing customers achieved through assessment and analysis of Business Model i.
e. Competitive Positioning, financial performance and inherent macro and sovereign risks to determine appropriate Credit Rating and Credit Limit.
Identify and analyse sector and macro issues which might pose a risk to the T&S portfolio, providing recommendations and courses of action to key stakeholders and where appropriate.
Data Integrity Update and maintain the relevant Credit & Trading systems through the Credit Assessment life cycle, in particular updating new Credit Ratings and Open Credit Lines and communicating the outcome of assessments to relevant stakeholders, notably the Commercial Credit Managers and the T&S commercial business here.
Take responsibility for ad hoc requests and on occasions higher risk Credit Risk Assessments typically assigned by onshore underwriting teams, including :
Quantitative and qualitative evaluation of respective counterparties, with respect to historic and forecast metrics and all other information available to T&S Credit, resulting in the recommended Credit Terms (e.
g. secured / unsecured, amount of open Credit Line) on which the STn business should trade with the specific counterparty here.
Liaise with respective stakeholders to deliver respective Credit advice and answer any queries or concerns.
Support respective Credit Members in delivery of Credit Assessment at Credit Committee or other forums where approval is required at this level.
Perform ongoing (often daily) Credit Operational activities across all systems, ensuring data integrity
Coaching more junior members of the team and helping support our colleagues in the global underwriting locations
The STn is fast moving and is growing rapidly. The Trading & Supply business is becoming increasingly complex with a changing macro-
environment and with a shift in global supply-demand Shell Trading & Supply is seeking to do business in riskier Emerging Market countries and with entities with questionable Credit Quality.
This coupled with a generally Credit adverse macro environment makes it increasing important that we review counterparties with a critical eye and provide robust and thorough Credit Assessments to justify decisions made.
Transactions being entered into are also of increasing number, complexity and tenor. The recent past has seen a strong rise in the number of derivative transactions.
Furthermore, asset based trading strategies are also growing strongly, employing more working capital and introducing increased levels of risk and resource consumption.
All of which lead to the need for strong controls and an Operations team that is resilient, nimble and detail oriented
This role creates the opportunity to further define the Global Trading Credit Organisation particularly in the new Trading & Supply world while we look to continually innovate and define best credit solutions to support the dynamic and fast-
paced Trading and Supply business
Maintain good, long-term relationships with counter-parties and other external financial institutions to ensure Shell Trading maintains the right external image and engagements with these bodies’ results in positive outcomes.
Willingness to learn or currently have ability to navigate through various end use trading systems
Demonstrate a firm grasp of the key commercial considerations, as well as an ability to weigh up and decide on the risks of each activity.
The ability to know when to escalate is essential.
Keep connected with the other teams within Credit in all three core locations, to ensure the team understands emerging challenges the location-
based teams are facing and can re-prioritize effort as required.
Maintain the ability, notwithstanding the transition to a global organisation, to respond immediately and decisively in the event of the "known unknowns" in the external environment.
There will inevitably be peaks and troughs in the workload over the course of the year.