Credit Risk Manager
The Credit Risk Manager is responsible for the day-to-day management of credit exposure across the group’s chartering, broking, financing, and other transactional activities. The Credit Risk Manager will be responsible for developing and maintaining credit limit protocols and individual counterparty limits, as well as management of interest-charging policy and practice, credit default identification, escalation, and reporting. The function requires close coordination with Finance colleagues on outstanding receivables and receipts, as well as with Legal on recoveries and commercial teams on mitigations and strategy.
Requirements
Key Responsibilities
1. Credit Risk Operations
- Develop, implement, and maintain a robust credit risk policy accounting for counterparty types, transactions, regions, and sectors.
- Monitor and enforce credit limits for counterparties, ensuring compliance with internal thresholds.
- Develop and implement policy on application of interest terms in contracts.
- Identify and escalate defaults and potential defaults.
- Consult with relevant stakeholders on mitigations and recoveries.
- Maintain a centralised tracking system for credit exposures, overdue accounts, and recovery efforts.