Head of Credit - Gas, Power & Renewables

at  Trafigura

Main Purpose:
The Head of Credit Risk is a senior leadership role responsible for leading all aspects of the credit risk function within Trafigura’s Gas, Power and Renewables trading division. This individual will develop, implement, and maintain credit risk policies and procedures to minimize risk exposure while supporting the company’s growth and profitability. The ideal candidate will possess extensive experience in credit risk management within the commodity trading sector, strong analytical skills, and the ability to lead and mentor a team.
Knowledge Skills and Abilities, Key Responsibilities:

Knowledge, Skills and Abilities

• Bachelor’s degree in Finance, Economics, Business Administration, or a related field; a Master’s degree or relevant professional certification (e.g., CFA, FRM) is preferred.
• Minimum of 7-10 years of experience in credit risk management, with at least 5 years covering Gas, Power & Renewables, including some leadership responsibilities within the commodity trading industry.
• In-depth knowledge of credit risk principles, methodologies, and regulatory requirements specific to commodity trading.
• Strong analytical and quantitative skills, with proficiency in financial modeling and risk assessment tools.
• Excellent leadership and team management abilities, with a proven track record of developing and mentoring high-performing teams.
• Exceptional communication and presentation skills, with the ability to convey complex information clearly and concisely to senior management and external stakeholders.
• Strong interpersonal skills, with the ability to build and maintain effective relationships with internal and external parties.
• High level of integrity, professionalism, and attention to detail.
• Experience in crisis management and handling high-stress scenarios, with a strong ability to take decisive and balanced actions to mitigate risk.

Key Responsibilities

• Lead the credit risk team covering the newest and fastest growing commercial division – Gas, Power & Renewables, ensuring a consistent approach across the regional offices
• Report directly to the Global Head of Credit, working alongside three existing Heads of Credit covering divisions - Oil, Bulk, and Freight/TFG Marine
• Assess and monitor the creditworthiness of counterparties, including customers, suppliers, and financial institutions.
• Establish and maintain credit limits for counterparties based on thorough analysis of financial statements, market conditions, and other relevant factors.
• Conduct regular reviews and stress tests of credit exposure, ensuring compliance with internal and regulatory requirements.
• Collaborate with the trading, finance, and legal teams to ensure alignment of credit risk policies with overall business objectives.
• Prepare and present regular reports on credit risk exposure, trends, and key metrics to senior management.
• Stay updated with industry developments, regulatory changes, and best practices in credit risk management, incorporating them into the company’s risk management framework.
• Foster strong relationships with relevant key desk heads, and external stakeholders.
• Manage complex and high-value transactions, ensuring structured risk assessment and supporting the launch of new trade finance products.

Key Relationships and Department Overview:

Key Relationships

• Credit team
• Risk team
• Finance teams

• Lead the credit risk team covering the newest and fastest growing commercial division – Gas, Power & Renewables, ensuring a consistent approach across the regional offices
• Report directly to the Global Head of Credit, working alongside three existing Heads of Credit covering divisions - Oil, Bulk, and Freight/TFG Marine
• Assess and monitor the creditworthiness of counterparties, including customers, suppliers, and financial institutions.
• Establish and maintain credit limits for counterparties based on thorough analysis of financial statements, market conditions, and other relevant factors.
• Conduct regular reviews and stress tests of credit exposure, ensuring compliance with internal and regulatory requirements.
• Collaborate with the trading, finance, and legal teams to ensure alignment of credit risk policies with overall business objectives.
• Prepare and present regular reports on credit risk exposure, trends, and key metrics to senior management.
• Stay updated with industry developments, regulatory changes, and best practices in credit risk management, incorporating them into the company’s risk management framework.
• Foster strong relationships with relevant key desk heads, and external stakeholders.
• Manage complex and high-value transactions, ensuring structured risk assessment and supporting the launch of new trade finance products