Job Description

Job highlights

Full time
Johannesburg, Gauteng, South Africa

Job ID

R200001288

Closing date

12/09/2025

Last Updated

10/09/2025Credit Risk Associate (Metals)
Credit Risk
Melrose, Johannesburg
Based in South Africa, the successful candidate will be part of Glencore's global Credit Risk team for the metals & mining division. You will be responsible for financial and macroeconomic analysis, monitoring and updating credit ratings, managing counterparty exposures, assessing limit appetite and staying up to date with market news to make informed risk-based decisions.
Working within a dynamic, global team, you will collaborate closely with commercial credit, trading and logistics teams to ensure all portfolios are monitored and managed effectively. The role demands agility, adaptability and a strong interest in commodities and Glencore's business, along with a proactive mindset. Success will come from balancing multiple priorities in a fast-moving environment while helping to modernize and streamline risk processes across the business.

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.
Managing collateral and insurance limits
Use large datasets to identify trends and support credit decisions with data-driven insights
Contribute to internal reporting, dashboards and documentation of model methodology and assumptions
Periodical and ad-hoc macro-economic and sector reporting.
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 (Switzerland)
Senior Risk Management team (Switzerland and London)
Front Office
Other Risk functions

Qualifications:

Honours degree in Finance, Accounting, Quantitative Management, Risk Management, Economics, Engineering or a related field.
Postgraduate qualification (CA(SA), CFA or equivalent) preferred.

Work experience:

3-5 years of finance, credit or risk management experience
Capital IQ and Bloomberg terminal experience preferred

Competencies:

Proficiency in Mandarin, both verbal and written
Advanced Excel capability and strong general IT literacy
Strong financial acumen, with the ability to interpret and apply financial analysis
Strong problem-solving and analytical skills, with the ability to assess complex situations and make informed decisions
Commercially minded, with a focus on adding business value
Keen interest in commodities, with curiosity about market trends and drivers
Proactive mindset with a strong willingness to learn and take on new challenges
Strong communication skills
High level of attention to detail and data accuracy, ensuring analysis is focused on delivering practical business benefits, often in tight deadlines
Multi-tasking and excellent management of time and priorities is essential
Ability to work independently & as part of a rapidly changing team
Need to be adaptable, flexible and entrepreneurial

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.
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.*