Credit Risk Analyst

Glencore; London; On-site; GBP 35,000 - 50,000; Full time

Job summary

A leading company in commodities trading is seeking a Junior Credit Analyst to join their Credit Risk department in London. The role involves assessing counterparty risks, recommending limits, and engaging with various teams to manage credit exposure. Ideal candidates will have a finance degree and relevant experience in credit risk, particularly within commodities.

Qualifications

• 1-5 years' experience in Credit Risk, with a minimum of 1 year in commodities.
• Strong understanding of security instruments and industry agreements.
• Self-motivated with excellent communication skills.

Responsibilities

• Assess and advise on counterparty risk and recommend internal limits.
• Monitor credit and performance risk exposure and resolve breaches.
• Engage with various office functions to resolve credit-related issues.

Skills

Analytical skills

Problem solving

Organisational skills

Communication skills

Teamwork

Education

Degree in finance or applicable subject

Tools

Credit risk analysis tools

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.