Credit Risk Analyst

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.