Qatar Petroleum


Qatar Petroleum (QP) is a state-owned public corporation established byEmiri Decree No. 10 in 1974. It is responsible for

all phases of the oiland gas industry in the State of Qatar.The principal activities of QP, its subsidiaries and joint ventures

arethe exploration, production, local and international sale of crude oil,natural gas and gas liquids, refined products,

synthetic fuels,petrochemicals, fuel additives, fertilizers, liquefied natural gas(LNG), steel and aluminium.QP’s strategy of

conducting hydrocarbon exploration and development isthrough Exploration and Production Sharing Agreements (EPSA)

andDevelopment and Production Sharing Agreements (DPSA) concluded withmajor international oil and gas

companies.The operations and activities of QP and its affiliates are conducted atvarious onshore locations, including Doha,

Dukhan and the Mesaieed andRas Laffan Industrial Cities, as well as offshore areas, including HalulIsland, offshore

production stations, drilling platforms and the NorthField.Thriving on a spirit of enterprise, each of our joint ventures

isunderpinned by transparency, innovation and high standards of qualityand service. At Qatar Petroleum, we are committed

to one thing aboveall: Excellence.



Primary purpose of job

To protect QP/QPSPP/QPT from exposure to losses resulting from defaults by counter-parties.

1. Perform rigorous credit assessments based on the approved credit risk model and credit rating tool.

2. Evaluate risk profile for new and existing counterparties and exploring options through credit terms such as:

secured/unsecured, open credit limits etc.

3. Deliver credit assessment at the credit committee level and other forums where approval is required.

4. Ensure Credit Policies & Procedures, rating framework and risk appetite framework are implemented as per

management direction. All credit decisions must be made in accordance with the applicable credit policy & procedures and

clearly documented/archived.

5. Ongoing/Daily monitoring of the credit exposures to customers and banks to ensure exposures are within approved limits

and take exceptional approvals as per policy if required. Prepare regular reports/ MIS and analysis for effective monitoring

and control.

6. Periodic re-assessment of credit customers as per defined minimum frequency. In addition to these minimum

frequencies, re-assessment must occur if there are events that have a material impact on the credit worthiness of the


7. Provide research and analysis to help identify risk and drive strategy that focuses on the external market and macro


8. Collect information from industry sources for new business proposals.

9. Build strong external networks and relationships with 3rd party rating agencies and banks to ensure delivery of robust

credit risk assessments.

10. Tracking the credit portfolio against the Credit Risk Appetite Framework, conducting stress test and suggesting

corrective measure if any.

11. Interact with business units and Traders to ensure that credit risk assessments are factored into business decisions.

12. Manage and monitor credit limits for counterparties in the Energy Trading and Risk Management System (ETRM)

13. Monitor the hedging instruments (derivatives) for Qatar Energy Trading and ensure that MTM positions are within the

sanctioned limits.

14. Review and provide Credit recommendations for Letter of Credits, Parent Company Guarantees, Master agreements,

Confirmation Notices.

15. Provide credit inputs on special initiatives related to investments, JVs etc.

16. Knowledge of ECL, IFRS 9 would be advantageous but not mandatory. Expected to provide support during annual ECL

computation exercise.

17. Present new ideas for continuous improvement to the credit assessment process

18. Act as a backup for Head of Credit Risk Management

Experience & Skills

At least 8 to 10 years of experience in a similar profile in a bank or a corporate

The role requires a result oriented and focused team player with strong communication and interpersonal skills.

Ability to work under tight time pressure whilst still maintaining high standards of work.

Ability to deal with conflict effectively and challenge when necessary.


1. Bachelor’s degree in finance.

2. Professional in economics, accounting qualification such as ACCA, ACA or CPA in Finance/ Accounting would be added


3. Certification in Credit Risk analysis would be an added advantage.

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