Specialist - Credit Trading and Supply
Job Description:
Being part of Trading & Supply Credit Manila, who undertakes all regular (often daily) Credit Activities primarily in support of all T&S entities, including:
Collateral Management, which is a process of agreeing, confirming, and advising collateral transactions with the relevant collateral desks (London, Houston, or Singapore) or directly with external stakeholders/counterparties. Collateral are properties or assets that are offered to secure a loan or other forms of credit.
The most common forms of collateral are letters of credit (LC), bank guarantees, or cash. Regular Credit Operations, specifically system updates and/or relevant reporting coupled with stakeholder engagement requiring fast and dependable service to avoid downside risk, support the deal lifecycle and ensure it operates within the Credit control framework.
This role encompasses a wide range of tasks and covers the majority of business lines with which Shell is involved in e.g. Crude & Products, Gas & Power, and Financial etc. It therefore offers real variety and an opportunity to impact commercial outcomes. We are seeking an individual to join the team that can think creatively, has a passion to understand and critically assess the businesses with which Shell trades with through an understanding of the macro environment and is ready to bring ideas for continuous improvement.
Accountabilities
Act as the day to day ‘face of credit’ interfacing directly with counterparties and the Global T&S Credit team, commercial and finance stakeholders to support and advise on the exposure T&S has to counterparties and relevant risk mitigation process to collateralize exposure (where required). Tasks will include but may not be limited to:
Conduct Collateral Credit Activities. These include:
Contacting of counterparties for collateral when counterparty exposures exceed T&S credit thresholds and/or limits.
Respond to counterparties collateral requests when T&S exposures exceed counterparty credit thresholds and/or limits.
Maintain accurate records of incoming and outgoing collateral requests and actions.
Monitor letters of credit (LC’s) and cash on hand for security purposes.
Prepare credit reports for (KPI, exceeds, expiring LC’s, etc.) and review with the relevant London, Chennai (trading settlements) focal points.
Participate in dispute resolution process with internal and external stakeholders
Perform ongoing (often daily) Credit reporting responsibilities. These include:
Maintenance of existing reports, updating changes as requested by internal customers and management.
Validation, verification and publication of existing reports, data, and information intelligence to all relevant stakeholders
Promote continuous improvement in process, controls, and protocols
Dimensions:
The Shell Trading Network is fast moving and 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 that have questionable Credit Quality. This coupled with a generally Credit adverse macro environment makes it increasingly important that we maintain a robust collateral process that ensures T&S risk is mitigated via credit securities or cash.
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
Shift: Mid shift but may change to night shift depending on business needs
Special Challenges
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 counterparties 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, KYC and Trade Finance in all core locations, to ensure the team understands emerging challenges the location-based teams are facing and can re-prioritize effort as required.
Give enthusiastic and vocal support to the Global Trading Credit organisational changes, the benefits of which will in many cases be felt in the longer term, while continuing to meet the ongoing needs to the global Trading and Supply businesses in the immediate term.
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.
Work effectively with other parts of finance, especially the Trading and Supply receivables team to demonstrate end to end knowledge.
Skills and Requirements:
Ideally, would have relevant finance experience with specific focus in Credit or prior work experience in the corporate sector, especially within a Trading or Credit team.
Strong financial acumen - comfortable working with and assessing counterparties Financials i.e. Income statement, Balance Sheet and cash Flow Statement – Not a must have, but a development opportunity.
Strong commercial understanding, especially the ability to balance speed, cost benefit and long-term relationship management.
Clear attention to detail and passion for continued learning
The ability to communicate complicated ideas in a clear and uncomplicated fashion.
Remain open to different perspectives (i.e. from other businesses & locations) and be able to switch priorities at short notice.
The ability to work under pressure, working to tight deadlines and juggling a number of different items.
Demonstrate ability to coach junior team members and take ownership and deliver on specific projects.
Experience in working in a global organisation and in a virtual working environment
An Innovative place to work
There’s never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.
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Join us and you’ll be adding your talent and imagination to a business with the ambition to shape the future. At Shell, everyone does their part.
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