PurposeThis role is part of the Global Credit Operations Team (Houston, London, Singapore and Manila) which is focused on instilling operational excellence. You will work in the Credit Trading & Supply team in Manila, who undertakes regular (often daily) Credit Activities in support of all T&S entities covered by the Trade Finance Team in London hub.This role encompasses a wide range of tasks with possibility of expanded business in the future. It therefore offers real variety and opportunity to impact commercial outcomes. We are seeking an individual to join the team that can think creatively, has a passion to understand and critically assess the businesses with which Shell trades with through an understanding of the macro environment and is ready to bring ideas for continuous improvement.AccountabilitiesAct as the day-to-day ‘face of credit’ interfacing directly with counterparties, Global T&S Credit team, commercial and finance stakeholders to support and advise on the exposure of T&S to counterparties and relevant risk mitigation process to collateralize exposure (where required). Tasks will include but may not be limited to:Monitor deals done and prompt trading desks of impending security to be receivedAdvise on acceptability of issuing bank: if issuing bank is not acceptable, to liaise with operator to ensure an acceptable issuing bankIf counterparty is not able to provide acceptable issuing bank, to liaise with Trade Finance Team to get LC confirmed at cost of applicant.Connect with Operators to receive draft copies of SBLCs/Bank GuaranteesVet the Standby LCs/Bank Guarantees for conformity with the standard format. For non-standard formats, to counter through Operator to get conformityFor those counterparties that are not able to adhere to format, to liaise with Legal on the implications of insertion/deletions/revisions of the standard format especially law and sanction clauseTo get MoA approval from authority holders for the acceptance of the non-standard termsTo update bank exposures in DEX/Endur/Energy Credit/FEDTo execute cancellation of trade security if required by counterpartyDimensionsThe Shell Trading Network is fast moving and growing rapidly. The Trading & Supply business is becoming increasingly complex with a changing macro-environment. With a shift in global supply-demand, Shell Trading & Supply is seeking to do business in riskier Emerging Market countries and with entities that have questionable Credit Quality. This coupled with a generally Credit adverse macro environment makes it increasingly important that we maintain a robust security process.Requirements
Previous experience with Trade Finance / Understanding UCP 600 and ISBP 98 is advantageous
Able to check documents against standard formats at a quick but meticulous fashion
Strong commercial understanding, especially the ability to balance speed, cost benefit and long-term relationship management
Ability to communicate complicated ideas in a clear and uncomplicated fashion
Open to different perspectives (i.e. from other businesses & locations) and be able to switch priorities at short notice
Ability to work under pressure, working to tight deadlines and juggling a number of different items
Able to work independently and on a virtual basis
Company Description
Start Something RemarkableShell Business Operations (SBO) Manila is focused on driving excellent corporate performance in Finance, Human Resource, Customer Service, Order-to-Delivery, and Contracting and Procurement. We enable Shell to operate in a global-competitive and ever-changing business environment.A career in Shell will offer you remarkable opportunities for growth, true experience across different business areas and the tools you need to discover and develop your skills within the energy industry.We’re looking for qualified individuals with the drive to create significant business impact, as well as to collaborate with a team of professionals with diverse backgrounds. If you are a great team player, possess superior communication skills and problem solving abilities, join us and see the impact that you can make across our global business.
Disclaimer
Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date.Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Royal Dutch/Shell Group companies around the world.The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand.Shell is an Equal Opportunity Employer.
Employment TypeFull Time
Work Location
Manila
SBO LocationManila
