CREDIT OPERATIONS COORDINATOR
Melrose Arch, Johannesburg, South Africa
Based in South Africa, the successful candidate will be part of Glencore's global Credit Risk team. The global department provides credit risk advisory, reporting and macro-economic analysis for Glencore's Oil & Metals marketing divisions. The Role requires robust interaction with multiple stakeholders, both internal and external, leading the Parent Company Guaranty (PCG) process along with other credit operational tasks. This includes the coordination, beginning to end, of both Incoming and Outgoing PCGs through the diligent monitoring of new and existing PCG requirements. The ideal candidate will maintain close interactions with the global internal Legal teams, while managing external stakeholder involvement, and Front Office considerations, all while progressing the PCGs towards execution. Other tasks may include assisting with the coordination and execution of Master Netting Agreements (MNA) and Non-Disclosure Agreements (NDA), credit insurance policy administration, along with additional system and data integrity management. The coordination and review, in conjunction with Commercial Credit, of credit specific clauses within master trading agreements may also be required.
You will support the global Commercial Credit teams, while also coordinating with the local Underwriting team and the global Credit Insurance Coordinator (CIC) function.
The Credit Operations Coordinator (COC) reports to the Global Heads of Commercial Credit based in Baar, London, New York, and Singapore.
PRIMARY TASKS & KEY RESPONSIBILITIES:
- Liaise daily with global Legal teams and Commercial Credit teams to proactively progress PCGs towards completion.
- Directly communicate with Front Office on new, current, and future PCG requirements.
- Source all necessary internal approvals for PCG executions.
- Monitor existing PCGs and ensure timely renewal of required guaranties.
- Ensure accurate capture of PCG and other agreement details in relevant internal systems.
- Correspond with Local Trade Finance groups to provide PCG information at request to support bank discounting opportunities.
- Assist in any MNA and NDA requests from the Commercial Credit or Underwriting teams.
- Aid in the coordination and review of credit specific clauses within master trading agreements such as NAESBs and ISDAs.
- Assist local Documentation Negotiator with proofreading final drafts, system maintenance, and reporting when necessary
- Administer the declaration, premium payment process, and data management of certain global Oil credit insurance policies.
- Identify and present issues to relevant Global teams, clearly and logically.
- Any other ad hoc duties that may be required from time to time.
KEY RELATIONSHIPS:
- Commercial Credit team (Baar – London – New York – Singapore)
- Credit Insurance Coordinator (New York – Melrose)
- Legal teams (Baar - London – New York – Singapore)
- Front Office (globally)
- Senior Risk Management team
- Other Risk functions
QUALIFICATIONS:
- Bachelor's Degree (preferably in paralegal studies, pre-law, finance, risk management, accounting, economics, business studies)
- Relevant Post graduate qualifications beneficial
- Law and Paralegal Studies course work a plus
WORK EXPERIENCE & SKILL REQUIREMENTS:
- Ideally 3-5 years of Paralegal or Risk management experience
- Financial Analysis experience would be beneficial
- Standard & Poor’s Capital IQ experience beneficial
COMPETENCIES:
- Proficient knowledge using Microsoft Office (i.e. Excel, Word, PowerPoint).
- Strong communication and organizational skills.
- Ability to work independently and as part of a rapidly changing team.
- Multi-tasking and excellent management of time and priorities are essential.
- Capable of managing multiple stakeholders at once, both internal and external, while managing expectations and fostering relationships.
- High level of attention to detail and data accuracy, ensuring deliverables provide practical business benefits, often with tight deadlines.
- Pro-active, committed, and highly motivated.
- 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.
