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, Power BI, Python advantageous

COMPETENCIES:

• Proficient knowledge using Microsoft Office (i.e. Access, Excel, Power Point)
• 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

How to :

Please on the Careers Portal: Applications Close:
https://www.glencore.com/careers/career-opportunities 6 December 2024
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.