London, UK
Permanent
Glencore's Credit Risk department are seeking a self-motivated and driven Junior Credit Analyst with 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:
* Assess and provide advice to the business on counterparty risk.
* 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.
* Perform detailed credit analysis in co-ordination with the Global Underwriting Team.
* Discuss and advise on various Credit mitigation instruments working with Trade Finance.
* Engage with Front, Middle and Back-offices functions on a regular basis to resolve credit related issues.
* Work with Operations, Financial Operations and Front Office to chase and support recovery of late payments
* Supplement analysis to develop an assessment of client, competitor/ industry risks and trends.
* Ensure compliance with the internal credit policy & procedures.
The ideal candidate disposes of:
* Educated with a degree in finance or other applicable subject.
* 1-5 years' experience in Credit Risk (1 year minimum within commodities).
* Strong fundamental commodities market knowledge.
* Good understanding of typical security instruments and industry standard agreements (guarantees, LCs...)
* 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.
* Able to demonstrate being comfortable within a fast-moving company and environment.
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