Credit Risk Analyst (Oil)

About the role

Glencore's global Credit Risk team for the oil and gas division is based in Melrose, Johannesburg, and is looking for a Credit Risk Analyst. The department provides credit risk advisory, reporting and macro-economic analysis for the oil and gas division, requiring diligent credit risk, monitoring and counterparty review analysis. The role delivers routine and ad hoc credit risk reporting to the credit risk team and other internal and external stakeholders, and produces accurate micro- and macro-economic analysis and data collection for many types of reports.

Key responsibilities

• Conduct in-depth credit assessments of counterparties, including financial statement analysis, industry and country risk evaluation, and a qualitative assessment of the business model, operations, market position and management strategy.
• Assist in reviewing credit limits with commercial teams, considering payment terms and risk mitigation tools such as collateral, guarantees and letters of credit.
• Produce periodic and ad hoc macro-economic and sector reporting.
• Create and distribute bespoke, cross-group and cross-functional credit risk reports to senior stakeholders.
• Validate and explain credit risk data from various systems and maintain data integrity across them.
• Help develop new and existing systems, processes and reports, and support the development of credit risk evaluation tools such as credit pricing and stress testing.
• Communicate with senior management and the credit team, ensure compliance with internal credit policies and external regulatory requirements, and carry out other ad hoc duties.

Required profile

• Bachelor's degree in finance, accounting, risk management, economics, engineering or a related field; postgraduate qualifications are beneficial.
• Ideally 1-3 years of credit risk management experience, though not essential; financial analysis experience is beneficial.
• Strong communication skills, attention to detail and accuracy, and ability to work independently and in a rapidly changing team.
• Highly numerate, with good problem-solving and analytical skills, able to meet tight deadlines.

Required skills

• Proficiency in Microsoft Office (Access, Excel, PowerPoint).
• Good working knowledge of Excel spreadsheets and database functions such as forms, templates and logic functions.
• VBA, PowerBI and Python coding skills are advantageous.