Credit Risk Analyst (Oil)
Credit Risk
Melrose, Johannesburg
Based in South Africa, the successful candidate will be part of Glencore’s global Credit Risk team for the oil & gas division.
The global department provides credit risk advisory, reporting and macro-economic analysis for the oil & gas division. It requires diligent credit risk, monitoring and counterparty review analysis. This position requires the individual to deliver routine & ad hoc credit risk reporting to the credit risk team and other internal and external stakeholders. Accurate micro- and macro-economic analysis and data collection for numerous types of reports.
Responsibilities:
- Conduct in-depth credit assessments of counterparties, including financial statement analysis, industry and country risk evaluation, and qualitative assessment of business model, including operations, market position and overall management strategy.
- Assist in setting reviewing credit limits, in collaboration with commercial teams taking into account payment terms, and risk mitigation tools such as collateral, guarantees and or letters of credit.
- Periodically and ad-hoc macro-economic and sector reporting.
- Creation and distribution of Credit Risk reporting (bespoke, cross-group and cross-functional) for the Global Function to senior stakeholders.
- Validating and explaining Credit Risk data generated from our various systems.
- Maintaining Data Integrity across our various systems.
- Assisting in the development of new and existing systems, processes and reports
- Support and assist in developing credit risk evaluation tools (Credit pricing, Stress testing, …).
- To communicate effectively with senior management and the credit team.
- Ensure compliance with internal credit policies and external regulatory requirements.
- Any other ad hoc duties that may be required from time to time.
Key relationships:
- Credit team (London, NY and SG)
- Senior Risk Management team
- Other Risk functions
Qualifications:
- Bachelor’s degree in finance, Accounting, Risk Management, Economics, Engineering or a related field.
- Relevant Post graduate qualifications beneficial
Work experience:
- Ideally 1-3 years of Credit Risk management experience but not essential
- Financial Analysis experience would be beneficial
- Coding skills in VBA, PowerBI, Python advantageous
Competencies:
- Proficient knowledge using Microsoft Office (i.e. Access, Excel, PowerPoint)
- Good working knowledge of Excel spreadsheets and database functionality e.g; forms, templates and logic functions.
- Strong communication skills,
- Attention to detail and accuracy
- Ability to work independently & as part of a rapidly changing team
- Multi-tasking and excellent management of time and priorities is essential
- Highly numerate, with good problem-solving and analytical skills
- Pro- active, committed and highly motivated
- Ability to work independently
- Ability to work well in a team
- Need to be adaptable, flexible and entrepreneurial
- Takes initiative and invest energy to, resolve queries and take action as needed
- High level of attention to detail and data accuracy, ensuring analysis is focused on delivering practical business benefits, often in tight deadlines
Who We Are
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.
Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.
We will support the global effort to achieve the goals of the Paris Agreement through our efforts to decarbonise our own operational footprint. We believe that we should take a holistic approach and have considered our commitment through the lens of our global industrial emissions. Against a restated 2019 baseline, we are targeting to reduce our Scope 1, 2 and 3 industrial emissions by 15% by the end of 2026, 25% by the end of 2030, 50% by the end of 2035 and we have an ambition to achieve net zero industrial emissions by the end of 2050, subject to a supportive policy environment. For more information see our 2024-2026 Climate Action Transition Plan and the About our emissions calculation and reporting section in our 2023 Annual Report, available on our website at glencore.com/publications.
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