Credit Officer- Sydney

At XE, we live currencies. We provide a comprehensive range of currency services and products, including our Currency Converter, Market Analysis, Currency Data API and quick, easy, secure Money Transfers for individuals and businesses. We leverage technology to deliver these services through our website, mobile apps and over the phone. Last year, we helped nearly 300 million people access information about the currencies that matter to them and over 150,000 people used us to send money overseas. Thousands of businesses relied on us for information about the currency markets, advice on managing their foreign exchange risk or trusted us with their business-critical international payments. At XE, we share the belief that behind every currency exchange, query or transaction is a person or business trying to accomplish something important, so we work together to develop new and better currency services that put our customers first. We are proud to be part of Euronet Worldwide (Nasdaq: EEFT), a global leader in processing secure electronic financial transactions. Under Euronet, we have brought together our key brands - XE, HiFX and Currency Online
- to become the business that XE is today. During 2018 we will complete an external rebrand to XE.
The Credit Officer will conduct Credit tasks for all XE entities to ensure compliance with Xe and Euronet Credit guidelines.

**The main three purposes of the Credit Department are**:

- Minimize the risk of financial losses and breaches of internal credit controls. Due to the volatility of the foreign exchange market the duties can vary from day-to-day.
- Assess the credit and financial strength of Clients by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors and identify the most adequate trading facilities to minimise exposure, credit, settlement, and revenue risks.
- Manage debt collection matters, liaising with different internal and external stakeholders as appropriate.

**What you'll do**:

- Review credit approval documents, which include financials analysis and other credit reports.
- Analyse credit risks, produce reports, and identify and enforce controls to mitigate Operational and Credit risk.
- Ensure credit procedures are being followed by all stakeholders of the function.
- Operational and Credit systems - monitoring changes to the in-house systems to ensure that there is no negative impact on existing functions. Reviewing processes and systems to improve efficiency.
- Responsible for the end to end collections cycle: monitoring debtor balances to ensure a reduction in debtors, manage write-offs, setting up of repayment plans and liaising on recovery action and legal referral.
- Assist the Credit Supervisor and Local Senior Management on credit matters linked to internal and external Audit processes.
- Day to day tasks:

- Daily monitoring of client positions, activities; issuing margin call notes and limit breaches to clients, while answering and investigating any inquiries or disputes.
- Carrying out credit reviews for corporate clients and setting security payment terms.
- Monitoring open positions - liaising with clients on settlements and close outs.
- Collateral monitoring and oversight of the key credit systems.
- Identifying any credit policy breaches and escalating where appropriate.
- Performing trades when requested when clients are in default (close-outs, rollovers)
- Assessment of settlement, exposure or tenure one-off exceptions.
- Managing debtors - authorizing write-offs where collection is unlikely, or the debt is uneconomic to pursue.
- Referring other cases to solicitors and liaising on recovery action.

**Requirements**:

- Previous exposure to FX Industry, ideally with knowledge and understanding of FX derivatives.
- Negotiation skills and the ability to influence people.
- Good communication and presentation skills.
- Resolves conflict & people issues professionally.
- Continually strives to develop oneself and others to gain new skills, knowledge, qualifications, and abilities that will provide benefit to the business and personal growth.
- Capable in Microsoft office suite - Word, Excel, Outlook.
- Working knowledge of Credit law preferred.

**Benefits**:

- Competitive market-based salary;
- Discretionary bonus;
- Medical
- Additional day of annual leave per year of service (capped at 25 days)
- Opportunity to be a part of the Euronet Employee Share Purchase Plan (ESPP) and;
- Flexible working.