Credit Risk Analyst (Oil)

Credit Risk

Melrose, Johannesburg

Based in South Africa, the successful candidate will be part of Glencore’s global Credit Risk team for the oil & gas division.

The global department provides credit risk advisory, reporting and macro-economic analysis for the oil & gas division. It requires diligent credit risk, monitoring and counterparty review analysis. This position requires the individual to deliver routine & ad hoc credit risk reporting to the credit risk team and other internal and external stakeholders. Accurate micro- and macro-economic analysis and data collection for numerous types of reports.

Responsibilities:

Conduct in-depth credit assessments of counterparties, including financial statement analysis, industry and country risk evaluation, and qualitative assessment of business model, including operations, market position and overall management strategy.
Assist in setting reviewing credit limits, in collaboration with commercial teams taking into account payment terms, and risk mitigation tools such as collateral, guarantees and or letters of credit.
Periodically and ad-hoc macro-economic and sector reporting.
Creation and distribution of Credit Risk reporting (bespoke, cross-group and cross-functional) for the Global Function to senior stakeholders.
Validating and explaining Credit Risk data generated from our various systems.
Maintaining Data Integrity across our various systems.
Assisting in the development of new and existing systems, processes and reports
Support and assist in developing credit risk evaluation tools (Credit pricing, Stress testing, …).
To communicate effectively with senior management and the credit team.
Ensure compliance with internal credit policies and external regulatory requirements.
Any other ad hoc duties that may be required from time to time.

Key relationships:

Credit team (London, NY and SG)
Senior Risk Management team
Other Risk functions

Qualifications:

Bachelor’s degree in finance, Accounting, Risk Management, Economics, Engineering or a related field.
Relevant Post graduate qualifications beneficial

Work experience:

Ideally 1-3 years of Credit Risk management experience but not essential
Financial Analysis experience would be beneficial
Coding skills in VBA, PowerBI, Python advantageous

Competencies:

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

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. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that advance everyday life.

With over 140,000 employees and contractors and a strong footprint in over 30 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of offices.

Glencore’s customers are principally 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.

Important informationThis material does not purport to contain all of the information you may wish to consider. For further important information, including in connection with forward-looking statements and other cautionary information, refer to the Important notice section of Glencore’s 2025 Annual Report, which is available at glencore.com/publications. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from any future events, results, performance, achievements or other outcomes expressed or implied by such forward-looking statements. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities. Other informationThe companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, “Glencore”, “Glencore group” and “Group” are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words “we”, “us” and “our” are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.Note*: All applications will be subject to potential background checks. You will be informed if this will be the case. Further information about the processing of your personal data will be made available during the application process. We'll seek your explicit consent prior to processing the data.