Head of Credit and Market Risk

Date:  23-Jun-2022
Job Posting End Date: 
Job Country: 

Singapore

Job State/Province:  Singapore
Job Location/Region:  Marina Bay

 

 

About BHP

At BHP, we support our people to grow, learn, develop their skills and reach their potential.  Our purpose is to bring people and resources together to build a better world.  With a global portfolio of operations, we offer a diverse, collaborative, and inclusive environment with extraordinary career opportunities.  Our strategy is to create a safe work environment where our employees feel strongly connected to our values and vision, and where the capability of our people is key to our success.

 

BHP’s Commercial function maximises commercial and social value while minimising costs across the end-to-end supply chain. The function is organised around the following core activities in our value chain, supported by Credit and Market Risk management and Strategy & Planning activities:  Sales and Marketing, Maritime and Supply Chain Excellence, Procurement, Warehousing Inventory, Logistics & Property, and Market Analysis & Economics. 

 

We invest in people and capability to deliver high performance and our aspiration for a gender-balanced workforce. We drive continuous improvement through respect for people’s differences, self-accountability, a hunger to learn and a commercial mindset.  We know we are successful when we have stable and predictable operations with 70,000+ problem solvers across BHP improving the work they do and making better decisions every day.  Come be a part of this success through this leadership role!

 

About the Role - Job Description

Reporting into the Chief Commercial Officer, the Head of Credit & Market Risk is a member of the Commercial Leadership Team with global accountability for the governance and management of commodity price risk and commercial counterparty risk for BHP and its portfolio of traded commodities.  Leveraging extensive technical financial risk management expertise across commodities, they leverage quantitative and qualitative expertise to support the Commercial function, senior management and the Board to optimise value. This is achieved by leading a team of technical experts in credit risk, market (price) risk and structured financial solutions that influence risk and value outcomes across the commercial portfolio. Close internal and external relationships are key to your success in this role, and helping to shape the strategic decisions we take in our trading and procurement activities. In these ever-changing and volatile times, certainly an exhilarating leadership role at the world’s largest resources company!

 

This is a global search, with the role based in Singapore.

About You - Skills and Qualifications

You are a deep subject matter expert in the financial risk management of physical commodities, with demonstrated capacity to operate across a global credit and market risk mandate. You are an inclusive and inquisitive leader, whose teams achieve outstanding outcomes solving large, complex issues.  In this role, you will cultivate trusting relationships through effective communication, active listening, and consultation, positively influencing teams across BHP, as well as external stakeholders.  The successful candidate will be able to demonstrate their ability to develop and work within team-centric delivery mechanisms holding to the highest values of integrity, courage and care for others.  You will be a strategic thinker with the ability to focus and prioritize critical deliverables to provide clear direction to your team and broader stakeholders. The successful candidate will be sharp in exercising sound judgement, leveraging from relevant experience and working effectively within complex projects.

 

We value diversity in thinking and your career to date will testify to your ability to get the best from a globally diverse and inclusive team culture. You will be able to demonstrate strong business acumen drawing from your exceptional understanding of the key drivers of risk and value in our commodities markets. 

 

You are able to establish credibility through your demonstrated success, leadership and excellent communication skills; bringing extensive commodities and financial risk management experience to the role.  You relate well with people with an engaging style allowing you to communicate enthusiastically and build strong working relationships.

Requirements

Minimum requirements that this candidate will bring are:

  • Tertiary qualification in relevant fields, including: Finance, Economics, Risk, Engineering, or Science; MBA or advanced degree is preferred
  • Substantial global experience across regions/jurisdictions, with leadership roles in the financial risk management of physical commodities
  • Deep technical risk analytics skills (quantitative and qualitative) in credit and market risk, with demonstrated global leadership of large, complex risk portfolios and associated strategies, risk appetite, risk management frameworks and controls
  • High degree of agility to adapt risk appetite and underlying frameworks, systems and processes to enable Commercial strategies and respond to both long-term market evolution and short-term market impacts
  • Distinctive, demonstrated leadership and influencing skills to engage across a diverse range of stakeholders
  • Ability to lead change and develop the team to support continued world class performance and outcomes
  • Focus on achieving results, learning and adapting to solve problems
  • Judgement and decision making skills and an appreciation of strategic and business critical objectives
  • Experience building, managing, and sustaining strong relationships with cross-functional internal customers as well as building trusting partnerships with external partners and stakeholders
  • Proven experience shaping inclusive, diverse, dynamic, and highly-performing global teams; to manage this globalised team across 3 locations and time zones

Accountabilities

Accountabilities of this leader include, but are not limited to:

  • Globally accountable for the management of credit risk and market (price) risk for all Commercial activities, including definition of commercial risk appetite
  • Translates risk appetite into appropriate frameworks and controls for BHP’s trading and marketing activities and (in relation to counterparty risk) for BHP’s global procurement activities
  • Sets and implements policy in the areas of price risk, market risk and credit risk, ensuring adaptation to the changing risk environment and leveraging of technology to a world class level (including the design and operation of BHP commodity trading and risk management (CTRM) systems)
  • Assesses the risk implications of commodity market evolution and lead the evolution of risk and performance metrics across commodities in BHP’s key commodity markets (including iron ore, metallurgical coal, copper, nickel and bulk and containerized freight) and emerging markets (for example, carbon and biofuels)
  • Secretary to Marketing and Supply Risk Management committee (MSRM), accountable for setting agendas, generating portfolio reporting, authoring analytical risk papers to support MSRM decisions and managing approvals and other committee processes
  • Provides trusted strategic credit and market risk advice to the Chief Commercial Officer, Commercial teams and, where required, to the broader enterprise
  • Delivers innovative risk and/or structured financial solutions across Commercial to support margin realisation or mitigate risk in our commercial activities
  • Build relationships with senior leaders across Commercial and our external partners (banks and counterparties) to understand changes in market conditions, counterparty financial worthiness, and use risk insights to actively challenge strategies defined and undertaken
  • Advises stakeholders on the courses of action or alternative strategies to optimise value, and develops options for mitigating downside risk to a tolerable level
  • Provides an overriding commitment to health, safety, environmental responsibility and sustainable development including managing fatigue and mental wellbeing

 

 

About our Process

At BHP, we are committed to employing individuals who align with the BHP Charter Values and meet the requirements of the role. As part of the recruitment process, there are a number of checks which may be conducted to demonstrate applicants suitability for a role including police / criminal background checks, medical, drug and alcohol testing, due diligence checks, right to work checks, and/or reference checks.

 

 

Supporting a Diverse Workforce

At BHP, we recognise that we are strengthened by diversity. We are committed to provide a work environment where everyone is included, treated fairly and with respect. We are an Equal Opportunity employer and we encourage a diversity of thought, perspective, journey, and experience. We know there are many aspects of our employees' lives that are important, and work is only one of these, so we offer benefits to enable your work to fit with your life. These benefits include flexible working options, a generous paid parental leave policy, other extended leave entitlements and parent rooms.  The size and magnitude of our business not only provides significant opportunity for professional development, but also attractive salary packages with performance based bonuses and unique BHP employee share program.

 

All qualified applicants will receive consideration for employment without regard to race, colour, sex, national origin, age, religion, disability, sexual orientation, gender identity, protected veteran status, citizenship, genetic information or other protected status under federal, state or local laws.

 

BHP is an Equal Opportunity Employer - Minorities/Females/Veterans/Disability.