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:
In details, the position encompasses duties and responsibilities as follows:
- Assess and provide advice to the business on counterparty risk and mitigations as they relate to deals and business proposals.
- 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.
- Ensure compliance with the internal credit policy & procedures.
- Engage with Front, Middle and Back-offices functions, legal counsels, advisors and key stake holders on a regular basis to resolve credit related issues.
- Assist with the negotiation and execution of netting agreements, master trading agreements, credit clauses and security instruments.
- Provide leadership and mentoring to the team, setting and managing daily operational tanks and team strategy.
- Supplement analysis to develop an assessment of client, competitor/ industry risks and trends.
- Help deliver on various Internal project, bringing ideas and opportunities to improve and advance our approach to assessing, managing, mitigating and reporting Credit Risk.
- Educated with a degree in finance (or other applicable subject) with solid financial analysis skillset.
- 8+ years' experience in commodities analysing Energy counterparties, with a preference for banking experience
- Working knowledge of typical security instruments and industry standard agreements (guarantees, LCs, ISDAs, netting...),
- Strong understanding of quantitative credit measures (PFE, ECL, LGD etc.)
- 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.
- Experience or able to demonstrate being comfortable within a fast moving company and environment.
- Additional languages advantageous.