Openings at Glencore

JOB PURPOSE:

• Based in South Africa, the successful candidate will be part of Glencore’s global Credit Risk team. 
• The global department provides credit risk advisory, reporting and macro-economic analysis for Glencore’s oil marketing division. The Role requires diligent credit risk, monitoring and counterparty review analysis alongside the management and mentoring of a team of underwriting analysts.
• As a senior member to the team, you will support the Global Head of Underwriting to manage the day to day operations of the team ensuring they adhere to set KPI’s,  take ownership of a portfolio and work with the relevant stakeholders (commercial credit team in LDN/SG/NY) to manage the limit & rating setting, the re-assessment cycle and report on sector trends and cover any relevant reporting requirements of the portfolio. You are responsible for the more complex credit structures, asset valuations and any form of a-typical credit risks in the global portfolio.
• You will also be monitoring and mentoring local team members and provide the required training and advise. The Credit Underwriting manager reports to the Head of Underwriting based in London.

PRIMARY TASKS & KEY RESPONSIBILITIES:

• Manage and mentor team of credit underwriting analysts providing day to day functional management support.
• Support the Global Head of Underwriting in ensuring day-to-day delivery and execution of Credit Assessments including adhering to and reporting on respective KPI’s
• Execute the strategy/vision as set-out by the Global Head of Underwriting including ensuring effective resource allocation, prioritisation, motivating the team and supporting in building an strong culture
• Perform Credit Assessments - limit & rating setting and re-assessment - of a specific portfolio within the global oil marketing department.
• 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.
• Responsible for more complicated reviews needing assessment of structures and valuations (investments, loans, assets, …).
• Review and provide guidance to the team on assessments to ensure quality and consistency
• Ensure day to day monitoring, management and escalation of triggers to Credit stakeholders
• Providing In-depth analysis on sovereigns and sectors relevant to the portfolio you are covering.
• Periodically and ad-hoc as required produce macro-economic analysis and commentary relevant to the portfolio you are monitoring.
• Responsibility and oversight with respect to Global Oil Credit Risk reporting (bespoke, cross-group and cross-functional) provided to senior stakeholders.
• Reporting on UW KPIs; continuously looking to improve processes.
• Build the relationship with and communicate effectively with senior management and the commercial credit team.
• Involvement in on-going and ad-hoc Projects both at a local team level and related to Global Credit here
• Identify and present issues to relevant Global teams, clearly and logically.
• Any other ad hoc duties that may be required from time to time.

KEY RELATIONSHIPS:

• Credit team (LDN – NY - SG)
• Senior Risk Management team
• Other Risk functions

QUALIFICATIONS:

• Bachelor’s Degree (preferably in finance, risk management, accounting, economics, business studies)
• Relevant Post graduate qualifications beneficial
• Chartered Accountant, Chartered Financial Analyst, Chartered Institute of Management Accountant is beneficial

WORK EXPERIENCE & SKILL REQUIREMENTS:

• Minimum. 8 years of Credit Risk/ Credit Underwriting experience in mining, commodity trading, banking, insurance or consultancy
• Financial Analysis experience would be beneficial
• Coding skills in VBA, PowerBI, Python advantageous

COMPETENCIES:

• Proficient knowledge using Microsoft Office (i.e. Access, Excel, PowerPoint)
• Strong communication skills
• Ability to work independently & as part of a rapidly changing team
• Multi-tasking and excellent management of time and priorities is essential
• High level of attention to detail and data accuracy, ensuring analysis is focused on delivering practical business benefits, often in tight deadlines
• 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

go to method of application »

• The Glencore Risk Department is an independent function aiming to control front-line trading. The Risk Department ensures that the risk-reward of the trading books is properly understood by Glencore senior management and that the physical exposure of the business – e.g. oil cargoes, electricity generation, gas deliveries – is correctly valued.
• This position requires the individual to monitor the risk embedded into the company portfolio and make sure it stays within the company’s risk appetite. The role is reporting into the Lead of Market Risk team.

PRIMARY TASKS & KEY RESPONSIBILITIES:

• Conduct risk identification, risk assessment and risk monitoring on the portfolios that the Risk Analyst is responsible for.
• Design risk reports to monitor some key identified risks and adapt the monitoring as the market dynamics change
• Own the coordination, implementation, evolution and communication of the risk reports
• Work collegially with the team, communicate effectively with the desk to understand the positioning of the desk and current market conditions
• Define and implement bespoke stress tests based on market conditions deterioration, specific risk quantification for communication and ventilation to the Senior Risk Management and Commercial teams
• Define and monitor predictive scenarios for portfolio risk to give a better intuition to management and desk on the positioning as market conditions evolve
• Coding in python, leveraging on data visualization software (Tableau/PowerBI) for effective presentation of metrics daily in dashboards.
• Undertake assessments of a wide range of transactions, carrying out modeling and analysis as necessary
• Communicate results effectively with traders and senior management

KEY RELATIONSHIPS:

• London Risk Managers
• Senior Risk Management team
• Traders

QUALIFICATIONS:

• Bachelor in Science Degree  required
• Master in Science preferred (Preferably in Finance/ Risk management)
• Post graduate qualifications in Finance, Risk Management (advantageous)

WORK EXPERIENCE & SKILL REQUIREMENTS:

• Experience in Market Risk required
• Commodity experience, specifically oil and/or gas is preferable but not required
• High Coding skills, notably in Python, essential.
• Highly numerate, with good problem-solving and analytical skills.
• Good communication skills.
• The ability to challenge proposals constructively to help ensure they are robust, whilst maintaining excellent working relationships
• Must be able to work collegially in a team, flexibly handling a wide range of potential issues
• Must be capable of working with significant autonomy and ensuring analysis is focused on delivering practical business benefits, often in tight deadlines

go to method of application »

• We are currently accepting applications for the following position located in the Witbank, Mpumalanga area.
• The successful candidate will be responsible for managing the Planned Maintenance SAP system.

Key Responsibilities

• Scheduling maintenance activities.
• Planning maintenance and repair tasks.
• Ensuring data feedback.
• Compiling maintenance reports.

Minimum Qualifications and Experience:

• Either a N4 Certificate with Engineering Subjects, Valid Trade Certificate and a minimum of 5 Years’ experience as an Artisan / Technician; OR
• A relevant Tertiary Qualification and completed Graduate Development Programme.
• Driver’s license Code EB (08).

Behavioural Competencies:

• Ability to maintain high levels of individual and team performance by driving the achievement of goals, targets and financial objectives.
• Ability to adhere to rules and regulations, follow instructions and limit risks of non-compliance to the business.
• Ability to encourage and develop others to pro-actively build talent capacity and create opportunities to address current and future development needs.
• Ability to create shared meaning by clearly and confidently communicating the relevant information to a decision or task, in a verbal format.

Closing date: 05/12/2024

go to method of application »

• We are currently accepting applications for the following position located in the Witbank, Mpumalanga area.
• The successful candidate will be responsible for producing production and saleable schedules and conducting short- and medium-term planning for the Dragline, Truck, Shovel, Drill and Blast as well as water management.

Key Responsibilities

• Generating production reports.
• Producing short term plans and facilitating the execution of such plans.
• Liaising with the operations team to deliver on mine planning operational needs.
• Mine Planning (Short Term to Medium Term).
• Mine Scheduling.
• Conducting reconciliation between planned and mined areas.
• Facilitating and conducting the pre-mining risk assessment process

Minimum Qualifications:

• Relevant Degree.
• Driver’s license (Code EB/08).

Minimum Experience:

• Completed Graduate Development Programme or equivalent.
• Experience in a production environment.
• Experience in scheduling will be advantageous.

Behavioural Competencies:

• Ability to maintain high levels of individual and team performance by driving the achievement of goals, targets and financial objectives.
• Ability to adhere to rules and regulations, follow instructions and limit risks of non-compliance to the business.
• Ability to encourage and develop others to pro-actively build talent capacity and create opportunities to address current and future development needs.
• Ability to create shared meaning by clearly and confidently communicating the relevant information to a decision or task, in a verbal format.

Closing date: 05/12/2024