Credit Risk Manager

COMPANY DESCRIPTION About the Company

The JERA Global Markets Group (JERAGM) is a leading utility-backed energy trader specialising in LNG, power,coaland freight.

As JERA’s exclusive trading and optimisation platform for majority shareholder, JERAGM operates one of the most exciting energy portfolios in the world, which gives it an in-depth understanding of the way local,regional and international energy markets behave. Thisexpertiseenables us to capture trading opportunities, optimise portfolios, createvalueand enhance security of supply for our customers.

Headquartered in Singapore, JERAGM has a global talent pool of about 400 people across officeslocatedin five strategic locations:
Singapore, the UK (London), Japan (Tokyo), the US (Houston) and Australia (Brisbane).

This role forms part of JERA's growing North American Gas Trading business, which is expected to transition onto JERAGM’s trading platform. This business is wholly owned by JERA Co., Inc. and will focus on US natural gas trading,optimisation and market development across North America. Successful candidates will join during the build-out phase ahead of the business's planned operational launch.

Within JERAGM’s US business, the Credit function is responsible forall aspects of credit risk management including pre-deal counter party assessments, 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 counter party exposure in Asia, EMEA, the U.S., and Latin America. The quality of our counter parties 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 willbe located in Houston office.

The Manager,Credit Riskin Houston office will report into the Senior Manager, Credit Risk in JERAGM,who is basedin Singapore, and indirectly intothe Head of Risk,in Houston office.

As part of the Credit team, the Manager,Credit Riskwillbe responsible for:

• Working closely and collaboratively with JERAGM’s Senior Manager, Credit Risk, based in Singapore, to ensure consistency in approach,platform and output for all Credit assessmentsandreportsin Houston office;

• Leading credit risk related requestsgloballybut primarily from US offices,overseeing risks, rating,limitand mitigation assessmentsfornew and existing counter parties.
  
  Overseeing(but at times being directly involved in) the review process and write-ups, and reviewing outputs to ensure that credit risk assessments are complete,relevantandinsightful;

• Reviewing and approving limit and counterpartiesproposalsunder delegated authority,or escalating appropriately in accordance with internal risk mandate;

• Leading the Credit Riskteamin Houston office, and as appropriate, providing guidance and oversight for the Credit Risk team members;

• Managing relationship withGMAFront Office (Originators &Traders) ensuring commercial and credit risk interests are understood and reconciled;

• Understanding,shaping and supporting the modelling of potential credit exposure of new and existing transactions;

• Working with the Legal team in the negotiation ofcredit terms and covenants in commodity tradingand service agreement (NAESB,ISDA,transport agreement,etc.) as well as credit supports (letters of credit, parent company guarantee, insurances, etc.) directly withcounterparties,credit support providers,in collaboration withand support ofJERAGM/ GMA’s Legal andthe Commercial Origination teams;

• Identifying and…