Company: QatarEnergy
Skills: Financial Analyst
Experience: 8 + Years
Education: Bachelors/3-5 yr Degree
Location: Qatar


Department
CORPORATE FINANCE & CONTROLS

Title
SR. CREDIT ANALYST

Primary Purpose of Job
To protect QP/QPSPP/QPT from exposure to losses resulting from defaults by counter-parties. 1. Perform rigorous credit assessments based on the approved credit risk model and credit rating tool. 2. Evaluate risk profile for new and existing counterparties and exploring options through credit terms such as: secured/unsecured, open credit limits etc. 3. Deliver credit assessment at the credit committee level and other forums where approval is required. 4. Ensure Credit Policies & Procedures, rating framework and risk appetite framework are implemented as per management direction. All credit decisions must be made in accordance with the applicable credit policy & procedures and clearly documented/archived. 5. Ongoing/Daily monitoring of the credit exposures to customers and banks to ensure exposures are within approved limits and take exceptional approvals as per policy if required. Prepare regular reports/ MIS and analysis for effective monitoring and control. 6. Periodic re-assessment of credit customers as per defined minimum frequency. In addition to these minimum frequencies, re-assessment must occur if there are events that have a material impact on the credit worthiness of the customer. 7. Provide research and analysis to help identify risk and drive strategy that focuses on the external market and macro environment. 8. Collect information from industry sources for new business proposals. 9. Build strong external networks and relationships with 3rd party rating agencies and banks to ensure delivery of robust credit risk assessments. 10. Tracking the credit portfolio against the Credit Risk Appetite Framework, conducting stress test and suggesting corrective measure if any. 11. Interact with business units and Traders to ensure that credit risk assessments are factored into business decisions. 12. Manage and monitor credit limits for counterparties in the Energy Trading and Risk Management System (ETRM) 13. Monitor the hedging instruments (derivatives) for Qatar Energy Trading and ensure that MTM positions are within the sanctioned limits. 14. Review and provide Credit recommendations for Letter of Credits, Parent Company Guarantees, Master agreements, Confirmation Notices. 15. Provide credit inputs on special initiatives related to investments, JVs etc. 16. Knowledge of ECL, IFRS 9 would be advantageous but not mandatory. Expected to provide support during annual ECL computation exercise. 17. Present new ideas for continuous improvement to the credit assessment process 18. Act as a backup for Head of Credit Risk Management

Education
1. Bachelor's degree in finance. 2. Professional in economics, accounting qualification such as ACCA, ACA or CPA in Finance/ Accounting would be added advantage 3. Certification in Credit Risk analysis would be an added advantage.

Experience & Skills
At least 8 to 10 years of experience in a similar profile in a bank or a corporate The role requires a result oriented and focused team player with strong communication and interpersonal skills. Ability to work under tight time pressure whilst still maintaining high standards of work. Ability to deal with conflict effectively and challenge when necessary.