Vitol is a leader in energy and commodities. Vitol produces, manages and delivers energy and commodities to consumers and industry worldwide. In addition to its primary business of trading, Vitol is invested in infrastructure globally, with $10+billion invested in long-term assets.
Vitol’s customers include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol serves its customers from some 40 offices worldwide. Revenues in 2023 were $400bn.
Our people are our business. Talent is precious to us and we create an environment in which individuals can reach their full potential, unhindered by hierarchy. Our team comprises more than 65+ nationalities and we are committed to developing and sustaining a diverse work force.
Responsible for the assessment and management of Vitol’s credit risk with counterparties located in the Americas, in tight coordination with credit teams. Supporting different matrices - crude oil and products, power and gas, renewables, for an assigned portfolio of counterparties and projects, working closely with trading, legal, compliance and other finance functions.
Utilizing language ability in Spanish or Portuguese to perform quantitative and qualitative assessments of counterparts and proposing adequate credit limits, and provide support to commercial teams on the assessment of credit risks.
Negotiating of credit provisions within commercial and credit support agreements. Providing surveillance of the portfolio, notifying Credit and Trading managers of any significant event. Implementing adequate risk mitigation solutions, including sale of receivables and use of credit risk and performance risk insurance. Supporting commercial and business development teams in the structuring and monitoring of complex structures across the region. Preparing global sectorial exposure reports for senior management team. Managing and developing relationships with credit teams of trading counterparties.
Bachelor’s degree or foreign equivalent in Business Administration, Finance, or a related financial field and 3 years of experience in credit risk management or settlement risk management in an energy or financial institution OR Master’s degree or foreign equivalent in Business Administration, Finance, or a related financial field and 1 year of experience in credit risk management or settlement risk management in an energy or financial institution.
Experience to include (3 years with Bachelor’s or 1 year with Master’s) in:
Language requirement: Spanish or Portuguese to read financial statements and contracts which are essential to performing the position.
Worksite: 3425 W Alabama St., Houston, TX, 77027; 40 hours/week;
All your information will be kept confidential according to EEO guidelines.
We are a leader in the energy sector with a presence across the spectrum; from oil through to power, renewables and carbon credits. Every day we use our expertise to distribute energy around the world. We source from producers, refiners and intermediaries and deliver to refineries, utilities, airlines and retail distribution networks as well as wholesalers and other traders. We manage the physical risk associated with moving energy.
Our business is global: we trade over 7 million barrels per day of crude oil and products and charter around 6,000 ship voyages a year. We also use our technical expertise to manage a global network of energy infrastructure that we deploy to help meet supply and demand flows worldwide. Our trading and logistical expertise is supported by a suite of proprietary technology applications that we build and maintain in-house.
From more than 40 offices worldwide, we seek to add value across the energy supply chain, including deploying our scale and market understanding to help facilitate the energy transition. To date, we have committed over $2 billion of capital to renewable projects and sustainable energy solutions. The focus of our business is changing, and we are always looking for new people to help build the company for the next decade and beyond.
We are a flat organisation that has a collaborative and entrepreneurial ethos. Vitol’s people are empowered to own their decisions and take responsibility for their actions. The culture is underpinned by our core values of integrity, honesty and humility. Our colleagues comprise c.1,600 people with 65+ nationalities represented, making us a truly global organisation.
For more information: www.vitol.com
Our latest ESG report can be downloaded here: https://www.vitol.com/about/esg-report/
