Junior Commodities Credit Officer

Job Description:

• The role sits within the Global Markets Credit group within the

Enterprise Credit organization. 

• The position will support the development of GMC's capacity for the

underwriting and ongoing monitoring of Structured Derivatives and

Lending booked within the Global Commodities line of business. 

• This role will support a senior credit officer in the evaluation of new

transaction opportunities, screening transactions with the Risk

organization and other stakeholders, negotiating key transaction and

documentation terms, underwriting and monitoring.

• The assoicate will be involved in the drafting of credit approval

materials. 

• Product coverage includes e.g. Lien Based Hedging, Spark Spread

swaps, Natural Gas hedging, Carbon Credit financing. Underlying client

sectors include natural gas fired power plants, wind farms, solar farms,

power storage facilities, renewable refineries, etc.

• Supporting the creation and maintanence of underwriting related

policies and procedures for this business activity.  

• Undertaking research in the relavant industry sectors. 

• Coordinating periodic and/or adhoc reporting, product limits and

related underwriting governance.

Commodities has asked Global Markets Credit (GMC) to create a team to cover the underwriting of these transactions directly, or work with GCIB Credit Officers in partnership for names managed in that group.  The role requires significant product expertise in terms of industry knowledge, product knowledge and credit underwriting. The team is expected to initially include a Director and an Analyst/Associate.

*Job Description and Responsibilities / Additional Information *Job Requirements

Required Skills:  "Must" have these skills to be minimally qualified:

• BA/BS degree required; Finance, Accounting, Engineering majors preferred

• 3+ years of experience in banking, rating agencies or similar financial institutions.

• Familiarity with core lending and derivative products.

• Understanding of relevant documentation including ISDA/CSA, loan agreements etc.

• Experience of Credit Underwriting and credit memo preparation

• Strong organizational, oral, and written communication skills

• Proficiency with Bloomberg, Word, Excel and PowerPoint

Desired Skills: • Ideally  knowledge of the related Gas, Metals&Mining, Midstream&Downstream and Power Industries and related products. • Formal Credit training at a major bank

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