Credit Risk Analyst

Glencore; London; On-site; GBP 35,000 - 45,000; Full time

Job summary

Glencore's Credit Risk department seeks a motivated Junior Credit Analyst skilled in credit risk analysis within a commodities environment. The candidate will assess counterparty risk and work with various teams to manage risk exposure effectively. Ideal applicants have a finance degree, alongside 1-5 years of relevant experience and strong market knowledge.

Qualifications

• 1-5 years' experience in Credit Risk (1 year minimum within commodities).
• Strong fundamental commodities market knowledge.
• Good understanding of typical security instruments and industry standard agreements.

Responsibilities

• Assess and provide advice on counterparty risk.
• Recommend internal limits, terms and security instruments.
• Monitor credit exposure and resolve breaches.

Skills

Analytical skills

Problem solving

Communication skills

Organizational skills

Teamwork

Education

Degree in finance or applicable subject

Job description

London, UK

Permanent

Glencore's Credit Risk department are seeking a self-motivated and driven Junior Credit Analyst with expert understanding and application of credit risk analysis and management in the context of a fast-paced commodities trading environment.

In details, the position encompasses duties and responsibilities as follows:

• Assess and provide advice to the business on counterparty risk.
• Recommend internal limits, security instruments, payment and credit terms.
• Monitor and manage credit and performance risk exposure including analysing and resolving breaches, reporting non-performing counterparties and adverse credit events.
• Perform detailed credit analysis in co-ordination with the Global Underwriting Team.
• Discuss and advise on various Credit mitigation instruments working with Trade Finance.
• Engage with Front, Middle and Back-offices functions on a regular basis to resolve credit related issues.
• Work with Operations, Financial Operations and Front Office to chase and support recovery of late payments
• Supplement analysis to develop an assessment of client, competitor/ industry risks and trends.
• Ensure compliance with the internal credit policy & procedures.

The ideal candidate disposes of:

• Educated with a degree in finance or other applicable subject.
• 1-5 years' experience in Credit Risk (1 year minimum within commodities).
• Strong fundamental commodities market knowledge.
• Good understanding of typical security instruments and industry standard agreements (guarantees, LCs...)
• Excellent written and verbal communication skills.
• Strong analytical, problem solving and organisational skills.
• Self-motivated and ability to learn quickly and take initiative to broaden own knowledge.
• Ability to work in a team and engage with others, essential.
• Able to demonstrate being comfortable within a fast-moving company and environment.