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General Manager - Finance & Credit Risk

Date:  31 Jan 2024
Country:  Utd.Arab Emir.
Function:  Risk
Sub-Function:  Risk

 

About Us

Olam Agri supplies food, feed and fibre to meet rising demand and a shift to protein-based diets, particularly in Asian and African countries. Headquartered in Singapore and present on all continents, our value chains include farming, processing, and distribution operations, as well as a sourcing network of an estimated 2.5 million farmers. Our teams have built leadership positions in many Olam Agri businesses, including rice, flour, animal feed, sesame, cotton, wood, and more. As a purpose-driven company, we aim to contribute positively to the prosperity and well-being of people along our supply chains, the protection and regeneration of our natural resource base, and the fight against climate change.

Job Description

You will be responsible for assessing and managing the credit risk associated with the organization's trading activities in the commodities market. Your primary focus will be evaluating and assessing and managing the risks associated with margin lending and trading activities. Additionally, to evaluate the creditworthiness of counterparties, monitor credit exposures, and implement risk management strategies to mitigate potential losses. This role plays a critical part in safeguarding the financial health of the company and ensuring adherence to internal risk policies and regulatory requirements.

Responsibilities

  • Risk Assessment: Evaluate the credit risk associated with margin accounts and margin lending transactions. Analyze the creditworthiness of borrowers and the collateral provided to support the margin positions.
  • Margin Policy and Procedures: Develop, maintain, and enforce margin policies and procedures to ensure compliance with internal risk management guidelines and regulatory requirements.
  • Margin Monitoring: Monitor margin accounts on an ongoing basis to identify potential credit risks and margin violations. Implement processes to detect margin calls and take appropriate actions to address them.
  • Margin Call Management: Coordinate and manage the margin call process, ensuring timely communication with clients or traders who are subject to margin calls. Assess the appropriate course of action in case of margin call non-compliance.
  • Counterparty Credit Analysis, Credit Limit setting and Credit Exposure Monitoring.
  • Risk Modeling: Utilize risk models and tools to quantify and analyze credit risk exposure for the commodity trading portfolio.
  • Risk Reporting: Prepare regular risk reports and updates for senior management and risk committees, highlighting key risk metrics, exposures, and trends related to margin credit risk.

Requirements

  • Chartered accountant or Master's degree in finance, economics, risk management, or a related field
  • Solid understanding of financial markets, trading products, and margin trading concepts.
  • Experience in credit risk assessment, preferably in a margin trading environment.
  • Familiarity with risk modeling, financial analysis, and statistical techniques.
  • Knowledge of relevant financial regulations and compliance requirements.
  • Strong analytical skills and attention to detail.
  • Excellent communication and interpersonal skills to collaborate with internal teams and external clients.
  • Ability to work in a fast-paced and dynamic trading environment.
  • Relevant certifications (e.g., FRM, CFA) are advantageous but not mandat

Olam is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, nationality, disability, protected veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law.

Applicants are requested to complete all required steps in the application process including providing a resume/CV in order to be considered for open roles.

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