SUMMARY:
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POSITION INFO:
Company: The international commodity trading division of a publicly traded US Fortune 500 group of companies is seeking a Global Counterparty Risk Manager. This division sources and trades grains for human and animal consumption, including wheat, corn, soybeans/meal, and wheat bran throughout Africa, the Americas, Europe, and Asia. Its main trading offices are based in Stellenbosch – South Africa, Douglas – Isle of Man, Bogota – Colombia, Monaco, and Lima - Peru.
Role Overview: The Counterparty Risk Manager oversees global counterparty risk management, monitoring, and reporting for all trading locations. Location could be based at any of the major trade office locations.
Job Description:
- Ensuring compliance with and continued relevance of counterparty credit risk policies within any corporate directives.
- Quantification, monitoring, management, and reporting of all counterparty risk.
- Weekly aging summary of global credit exposures with commentary regarding risk and remediation strategies.
- Monitoring of contractual sales terms to ensure compliance.
- Collaboration with regional Traders, Managing and Finance Directors regarding counterparty risk.
- Oversight of counterparty acceptance processes and standing data.
- Providing risk-based solutions and products to mitigate counterparty risk.
- Evaluations of country risk and reporting.
- Oversight and management of all credit insurance and related service provider relationships.
Personnel Activities: Interaction with global trade administration and accounts receivable functions, as well as with management and financial leadership.
Qualifications/Experience Required:
- Counterparty risk experience and/or relevant qualifications with 5+ years of practical experience.
- Commodity trade exposure would be beneficial but is not a requirement.
- Excellent interpersonal and communication skills.
- Demonstrated exposure to management executives for reporting and risk management.
- An understanding of and ability to negotiate commercial implications of counterparty and credit decisions.
- Team leadership and people management skills are essential.
- Demonstrable technology and MS365 proficiency with any automation or AI/ML exposure beneficial.
- Ability to work flexibly to strict time deadlines.
- Time management skills to manage and prioritize tasks to achieve deadlines.
- Excellent English language with Spanish and/or French beneficial.
