Credit Risk & Reporting Analyst at Glencore

Job Description

• We are seeking a Credit Risk & Reporting Analyst who 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. 

Responsibilities:

• Be on top of the exposure and credit mitigation (collateral & settlement management and stock monitoring) Glencore is holding on some specific high-risk counterparties and to clearly communicate the risk position to internal stakeholders. 
• Creation and distribution of Credit Risk reports (bespoke, cross-group and cross-functional) for the Global Risk Function.
• Validating and explaining Credit Risk data (exposures and mitigation) generated from our various systems.
• Monitor stock progression.
• Settlement management: monitor upcoming payments and ensure receipt of funds/timely payments.
• Identify risks arising from the different trading structures.
• Maintaining Data Integrity across our various systems.
• To communicate effectively with senior management and the credit team.
• Identify and present issues to relevant Global teams, clearly and logically. 
• In-depth financial analysis including spreading financial data, helping to score counterparties through in-house scoring models and updating Credit Rating and advising on credit risk appetite.
• Any other ad hoc duties that may be required from time to time.

Key relationships:

• Credit team (London)
• External Counterparties
• Other Risk functions

Qualifications:

• Tertiary Qualification- Bachelor’s Degree - (preferably in finance, risk management, accounting, economics, business studies)
• 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.
• A solid understanding of credit risk, and credit mitigation structures.
• Excellent reporting and monitoring skills. 

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.
• High level of attention to detail and data accuracy, ensuring analysis is focused on delivering practical business benefits, often in tight deadlines.