Job Summary :
- As a GM Credit Risk and Finance Controller, you will play a dual role in safeguarding the financial health of the organisation. You will be responsible for assessing and managing credit risk associated with trading activities in the commodities market-particularly margin lending and trading (Derivatives / OTC business)-while also overseeing financial control functions.
- This includes evaluating the creditworthiness of counterparties, monitoring credit exposures, implementing risk mitigation strategies, and ensuring robust financial governance, reporting, and compliance. Your role is critical in maintaining financial discipline, supporting strategic decision-making, and ensuring adherence to internal policies and regulatory requirements.
Core Responsibilities
Credit Risk Management : (45%)
Risk Assessment : Evaluate credit risk associated with margin accounts and lending transactions. Analyse the creditworthiness of clients and counterparties and assess collateral adequacy.Counterparty Credit Analysis : Set credit limits and monitor exposures.Margin Policy and Procedures : Develop and enforce margin policies in line with internal and regulatory standards.Margin Monitoring : Continuously monitor accounts for potential risks and violations.Margin Call Management : Manage the margin call process and ensure timely resolution.Risk Modelling : Use models and tools to quantify credit risk exposure.Risk Reporting : Prepare regular reports for senior management and risk committees.Finance Control : (45%)
Financial Reporting : Oversee accurate and timely preparation of financial statements, ensuring compliance with accounting standards and internal policies.Budgeting and Forecasting : Lead the budgeting process and provide financial forecasts to support strategic planning.Stakeholder Reporting : Provide financial insights and reports to senior leadership and external stakeholders as required.Cost Control : Monitor and control operational costs, identifying areas for efficiency improvement.Internal Controls : Design and implement robust internal controls to safeguard assets and ensure financial integrity.Audit and Compliance : Coordinate internal and external audits and ensure compliance with statutory and regulatory requirements.Cash Flow Management : Monitor cash flow and liquidity to ensure the organisation meets its financial obligations.Additional Responsibilities (10%) :
Model Development : Contribute to the development and validation of credit risk models.Portfolio Risk Analysis : Conduct stress testing and scenario analysis.Client Interaction : Address margin and credit-related queries and negotiate terms.Cross-functional Collaboration : Work with trading, operations, and other risk teams to ensure integrated risk and financial management.Policy Development : Update credit risk and financial control policies in line with best practices.Regulatory Awareness : Stay informed on relevant regulations affecting both credit risk and financial reporting.(ref : iimjobs.com)