Senior Credit Risk Manager

Glencore International AG; London; On-site; GBP 125,000 - 150,000; Full time

Job summary

An established industry player is looking for a Senior Credit Manager to lead a team in their Credit Risk department. This role is pivotal in navigating the complexities of credit risk analysis within the fast-paced commodities trading sector. The ideal candidate will possess extensive experience in analyzing Energy counterparties and have a strong financial background. Responsibilities include advising on counterparty risks, managing credit exposures, and ensuring compliance with internal policies. This is a fantastic opportunity to contribute to innovative projects and enhance credit risk management strategies in a dynamic environment.

Qualifications

• 8+ years of experience in commodities analyzing Energy counterparties.
• Strong understanding of quantitative credit measures.

Responsibilities

• Assess and advise on counterparty risk and mitigations.
• Monitor and manage credit and performance risk exposure.

Skills

Credit Risk Analysis

Financial Analysis

Analytical Skills

Problem Solving

Communication Skills

Teamwork

Education

Degree in Finance

Tools

ISDA Agreements

Letters of Credit (LCs)

Guarantees

Job description

Glencore’s Credit Risk department are seeking an experienced, self-motivated and driven Senior Credit Manager who can lead and manage a small team of Credit Analysts with a focus on Crude & Products and demonstrate 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:

1. Assess and provide advice to the business on counterparty risk and mitigations as they relate to deals and business proposals.
2. Recommend internal limits, security instruments, payment and credit terms.
3. Monitor and manage credit and performance risk exposure including analysing and resolving breaches, reporting non-performing counterparties and adverse credit events.
4. Ensure compliance with the internal credit policy & procedures.
5. Engage with Front, Middle and Back-offices functions, legal counsels, advisors and key stakeholders on a regular basis to resolve credit related issues.
6. Assist with the negotiation and execution of netting agreements, master trading agreements, credit clauses and security instruments.
7. Provide leadership and mentoring to the team, setting and managing daily operational tasks and team strategy.
8. Supplement analysis to develop an assessment of client, competitor/ industry risks and trends.
9. Help deliver on various internal projects, bringing ideas and opportunities to improve and advance our approach to assessing, managing, mitigating and reporting Credit Risk.

The ideal candidate disposes of:

1. Educated with a degree in finance (or other applicable subject) with solid financial analysis skillset.
2. 8+ years’ experience in commodities analysing Energy counterparties, with a preference for banking experience.
3. Working knowledge of typical security instruments and industry standard agreements (guarantees, LCs, ISDAs, netting…).
4. Strong understanding of quantitative credit measures (PFE, ECL, LGD etc.).
5. Excellent written and verbal communication skills.
6. Strong analytical, problem solving and organisational skills.
7. Self-motivated and ability to learn quickly and take initiative to broaden own knowledge.
8. Ability to work in a team and engage with others, essential.
9. Experience or able to demonstrate being comfortable within a fast moving company and environment.
10. Additional languages advantageous.