Specialist - Credit Risk (Sourcing & Origination)

Company Description

You’re talented and adaptable. That’s why you’ll fit in.

The purpose of the Marketing BU is to sustainably maximize cash flows from the marketing of Anglo American products and services. In support of this, we have set ourselves a target to deliver a considerable uplift in Value.

The Credit Risk team within Marketing Risk is part of the 2nd line of defence of Marketing’s activities. The Credit Risk Team exists to proactively identify, assess, and manage credit exposures arising from counterparties in support of the Marketings sales and trading activities. It’s purpose is to safeguard the Marketing’s financial health by ensuring robust credit risk frameworks, policies, and limits are in place, enabling informed decision-making, protecting against potential defaults, and supporting sustainable business growth through prudent risk-taking.

Job Description

What you’ll do

Responsible for assessment and monitoring of credit risk exposure for all counterparties (suppliers and customers), especially within the Sourcing and Origination (“S&O”) portfolio. This role will also actively identify improvement opportunities within existing credit processes and leverage systems to automate tasks. This role will play a crucial role in being the lead point of contact for all S&O transactions. In addition, this role will also require the candidate to support the Commodity Marketing Teams (“CMT”) on business transactions on a daily basis.  

KEY TASKS

Safety, Health & Environment 

We give our all to eliminating injuries because we value life and are unconditional about safety, health and well-being at work and at home.

• Every Marketing Employee will spend time each quarter working on activity which supports Physical Health and Safety.

Performance & Delivery 

Sourcing & Origination (“S&O”) Portfolio Management

• Be the lead point of contact for the Sourcing & Origination (“S&O”) team regarding all credit risk inputs and transactions.
• In conjunction with Manager – Credit Risk, to own and be responsible for decision making on S&O transactions and be representative in attending all Risk Committee meeting to present all credit reviews.
• Partner with Front Office and Functional stakeholders to provide assessments and solutions to support the delivery of commercial strategy of the business. 
• Ownership of delegated credit limit approvals, exercising sound judgment in assessing risk and escalating high-risk cases to the appropriate approval authorities when necessary.
• To provide Credit advisory and structure appropriate credit protections for S&O transactions by conducting thorough risk analysis and financial modelling, including but not limited to cash flow analysis, sensitivity analysis and stress testing etc.
• To keep abreast of best practices and recommend improvements to assessing S&O transactions and the wider credit portfolio.

Commodity Marketing Team (“CMT”) Portfolio Management

• Ownership assigned CMT portfolio by completing credit reviews timely and ensuring no backlog of reviews.
• Monitor the portfolio on a daily basis using available tools and resources; promptly escalate any adverse credit developments or emerging risks.
• Independently assess complex transactions and advise front office teams on the structuring of appropriate credit terms and protective clauses within trade contracts.
• Support secured credit arrangements, including trade finance structures and credit insurance solutions.
• Review and validate credit management reports including exposure and excess monitoring.
• Maintain close collaboration with front office teams to build deep insight into counterparty portfolios and associated risk factors.
• Lead stakeholder meetings and discussions independently, driving decisions and outcomes aligned with credit risk policies.
• Ensure all credit processes are aligned with the organization's governance frameworks and risk management standards.
• Champion standardization, automation, and continuous improvement of credit processes; proactively engage in system enhancements and initiatives.
• Maintain accurate and up-to-date credit files, ensuring all systems are updated with relevant information and supporting documentation is properly filed.
• Provide mentorship and guidance to junior team members, supporting their development and fostering a collaborative team environment.

Ownership

• End-to-end ownership of assigned commodity portfolio by completing credit reviews in a timely manner in ensuring zero backlog. To monitor portfolio on a daily basis and be accountable for highlighting all adverse credit news in a timely and accurate manner. This requires close and frequent communication with Front Office colleagues to ensure a deep understanding of counterparties (including risk factors impacting specific portfolio)
• Preparation of credit reviews for new and existing counterparties. To analyze qualitative and quantitative information on all counterparties in determining internal ratings and appropriate credit limits. To consistently challenge appropriate internal ratings due to change in information.
• Independent execution and assessment of all other complex transactions across a variety of financing structure, includes but not limited to debt, equities, royalties etc.
• To appropriately engage with Front Office teams in structuring credit mitigations, with a view to optimize risk versus reward
• Provide support for secured credit arrangements including trade finance and credit insurance. Review and validate credit management reports including exposure and excess monitoring
• Responsible for all weekly S&O reporting and all post-deal management reporting.

Stakeholder Engagement

• Lead meetings and discussions independently with the stakeholders to drive the required outcomes on all S&O and CMT Credit Risk matters
• Conduct credit trainings/workshops for Marketing front office as and when needed

Process Improvement

• Drive standardization and automation of processes and continual improvements.
• Initiate and participate in system enhancement, ECL enhancements.
• Ensure credit files are kept up-to-date at all times, all relevant information is updated in systems and all supporting documents are filed
• Ensure credit processes maintain consistency with relevant governance framework documents

Compliance

• Adherence to all Anglo American Group and Marketing policies and procedures, as well as observing proper standards of conduct relating to the role.
• Comply with Anglo American Security and Operating Standards

Qualifications

What we’re looking for

• Excellent knowledge of credit analysis.
• Experience of analyzing risk on junior miners, start-up mining companies as well as greenfield and brownfield projects.
• Strong knowledge of risk mitigation concepts (including incoterms) gained within a commodity trading environment.
• Excellent spreadsheet modelling skill. Able to produce and analyze financial / cash flow forecasts and perform scenario modelling.
• Minimum 8 years of S&O Credit experience gained in a banking, commodity trading or marketing environment
• Excellent academic credentials in Business or Finance
• Proven track record in risk management
• Results oriented, capable of holding self and others to account on delivery
• Constructively engage stakeholders to a common cause through developing mutually beneficial solutions and proposals
• Working experience with risk management, trading, sales and distribution system
• Credible communications and presentation skills
• Ability to work autonomously and independently

Additional Information

Who we are

Anglo American is a global diversified mining business. Our portfolio of world-class mining operations provides the metals and minerals that make modern life possible. We use innovative practices and the latest technologies to discover new resources and mine, process, move and market our products to our customers around the world.

As a responsible miner – of diamonds (through De Beers), copper, platinum and other precious metals, iron ore, coal and nickel – we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the sustainable value that those resources represent for our shareholders, the communities and countries in which we operate and for society at large. Anglo American is re-imagining mining to improve people’s lives.

What we offer

• Competitive salary and benefits package
• Amazing opportunities for learning and growth - from technical training to leadership programs, we bring out the best in our people
• We’re a large, successful multinational company and there are plenty of opportunities internally to move onwards and upwards too

Inclusion and Diversity

Anglo American is an equal opportunities employer. We are committed to promoting an inclusive and diverse workplace where we value and respect every colleague for who they are and provide equality of opportunity so that everyone can fulfil their potential.

Covid Vaccination Intent

Since safe and effective COVID-19 vaccines have become widely available this year, we have strongly encouraged employees to get vaccinated at the earliest possible opportunity. However, as vaccines have been proven to be a very effective and safe way of protecting people and reducing Covid-19 transmission, we have now announced our intent to introduce a policy that requires Covid-19 vaccination for access to all sites and offices. This policy would apply to all new joiners to the company as well as existing employees and contractors.

We are in the process of undertaking a comprehensive engagement process with all our stakeholders about our intent. This is so we can tailor our approach in each country, including ensuring what we do is lawful. Once this is complete, we will look to implement the policy. There may be differences in how and when it is implemented due to local context and legal requirements.

How to apply

To apply for this role, please complete our online application form. You will have the opportunity to upload your CV and other relevant documentation as part of this process.

#LI-CH1