Credit Manager

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 app and by phone. Last year, we helped over 300 million people access information about the currencies that matter to them and over 225,000 people used us to send money overseas.

We are proud to be part of Euronet Worldwide (Nasdaq: EEFT), a global leader in processing secure electronic financial transactions. Under their Money Transfer division, Xe and Ria Money Transfer have been brought together to help establish the third largest money transfer business in the world.

Reporting to the **Global Head of Credit,** the **Credit Manager **will lead the local Credit Team to ensure compliance with Xe internal policies and Euronet guidelines. The main three purposes of this role 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 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.
- In addition, the Credit Manager will maintain effective relationships with internal and external third parties, ensuring best practice and effective controls are in place and remain accessible to all management within the group.

**Our principles**
- **AMBITION** - We dream big, try things out and always ask “why not?” and “what if?” We’re ambitious in our thinking and our delivery
- **RESPONSIBILITY** - We get involved, bring our perspective and are always open to new ideas. We take personal responsibility
- **COMMUNITY** - We value a sense of belonging, trusting each other and encouraging authenticity. We contribute to our community

**What you'll do**:

- **Analyse credit and liquidity risks,** produce risk reports and identify and enforce controls to mitigate operational and Credit risk across the Group.
- **Review credit assessment processes** and ensure appropriate credit lines are being offered to clients at the outset, addressing product suitability if required.
- **Conduct client meetings** to understand their strategy, financial performance, and business requirements.
- **Analyse, Review and approve** credit requests.
- **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 Financial Controller** and Local Senior Management on credit matters linked to internal and external Audit processes.
- Take active role in **improving credit controls, systems, and procedures.**:

- Work closely with Local Management to **assist with ad-hoc commercial projects**.
- **Day to day management** and supervision of Local credit team:

- 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)
- Managing debtors - authorizing write-offs where collection is unlikely, or the debt is uneconomic to pursue.
- Referring other cases to legal and liaising on recovery action.

**Requirements**:
**Who you are**:

- IPA/ ICAA / CFA / ACCA membership preferred.
- Ability to collate, preparing and interpreting reports, budgets, accounts, commentaries, and financial statements.
- Ability to analyse financial data, carry out business modelling and risk assessments.
- Relevant experience in banking/auditing/financial services.
- Ideally previous relevant exposure to FX Industry, with knowledge and understanding of FX derivatives.
- Staff management experience.
- Availability to travel
- Negotiation skills and the ability to influence people.
- Good communication and presentation skills.
- Resolves conflict & people issues professionally.

**Benefits**