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- Tasks: Analyse credit risk and advise on counterparty assessments in a dynamic trading environment.
- Company: Join Glencore, a leading global commodities trading company with a strong reputation.
- Benefits: Enjoy a permanent position with opportunities for growth and development in finance.
- Why this job: Be part of a fast-paced team that impacts global markets while enhancing your analytical skills.
- Qualifications: Degree in finance and 1-5 years of credit risk experience, especially in commodities.
- Other info: Ideal for self-motivated individuals eager to learn and thrive in a collaborative setting.
The predicted salary is between 36000 - 60000 £ per year.
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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Credit Risk Analyst employer: Glencore
Contact Detail:
Glencore Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Analyst
✨Tip Number 1
Familiarise yourself with the commodities market and current trends. Understanding the dynamics of this sector will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the credit risk and commodities trading fields. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities.
✨Tip Number 3
Brush up on your analytical skills, particularly in relation to credit risk assessment tools and methodologies. Being able to discuss these confidently will set you apart during interviews.
✨Tip Number 4
Prepare to discuss real-world scenarios where you've successfully managed risk or resolved credit issues. Having concrete examples ready will showcase your problem-solving abilities and experience in a fast-paced environment.
We think you need these skills to ace Credit Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit risk analysis, particularly within commodities. Use specific examples that demonstrate your understanding of counterparty risk and any analytical skills you've developed.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities listed in the job description, such as monitoring credit exposure and engaging with various teams.
Highlight Relevant Skills: Emphasise your strong analytical and problem-solving skills in your application. Mention any experience you have with security instruments and industry-standard agreements, as these are crucial for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter to eliminate any errors. Clear and professional communication is key, especially since excellent written skills are a requirement for this position.
How to prepare for a job interview at Glencore
✨Know Your Credit Risk Fundamentals
Make sure you have a solid understanding of credit risk analysis and management, especially in the context of commodities trading. Brush up on key concepts, typical security instruments, and industry-standard agreements like guarantees and letters of credit.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical abilities during the interview. Be ready to discuss how you've previously assessed counterparty risks and managed credit exposures, as well as any specific examples of resolving breaches or reporting non-performing counterparties.
✨Engage with Real-World Scenarios
Expect to be asked about real-world scenarios related to credit risk. Think about how you would approach advising on credit terms or mitigating risks in a fast-paced environment. This will demonstrate your practical knowledge and problem-solving skills.
✨Show Your Team Spirit
Since collaboration is key in this role, be prepared to discuss your experience working in teams. Highlight instances where you've engaged with different departments to resolve credit-related issues, showcasing your ability to communicate effectively across functions.
