Senior Credit Risk Manager - Metals and Coal Portfolio

About the role

Glencore's Risk Management Department in Baar, Switzerland, is looking for a Senior Credit Risk Manager to join its Risk team at headquarters. The role oversees credit risk for a Metals and Coal portfolio across the EMEA region, assessing and governing complex transactions, high-risk counterparties and strategic exposures. The Credit Risk Department is an independent function that advises the Trading business on credit and performance risk.

Key responsibilities

• Manage an assigned portfolio of metal counterparties and define credit risk appetite with the front office and Underwriting Team.
• Prepare credit reviews, maintain up-to-date risk profiles, monitor breaches and review complex transactions.
• Monitor exposure levels at individual and portfolio level, ensure compliance with risk appetite and resolve breaches.
• Analyse performance risk and overdue positions, and advise on recovery options in work-out situations.
• Review credit terms in trading and commercial contracts and assess collateral for enforceability and coverage.
• Advise on security instruments, work with Compliance, Legal and Trade Finance, and present risk reports to senior management.
• Mentor junior analysts, contribute to credit risk methodologies and policies, and lead or support risk projects.

Required profile

• Bachelor's degree in finance or another applicable subject with solid financial analysis skills.
• 10-15 years of experience in corporate credit risk management within a global commodity business, preferably with metals and mining counterparties.
• Strong written and verbal communication, teamwork and problem-solving skills.
• Ideal candidate: proactive, lateral thinker, responsible, detail-oriented and eager to learn.

Required skills

• Working knowledge of security instruments and standard agreements (guarantees, LCs, ISDAs, netting).
• Solid grasp of quantitative credit metrics (PFE, ECL, LGD).

What we offer

• Healthy meals in company restaurants and bistros, and free use of the in-house gym with sport classes.
• Reimbursement of public transport or free parking.
• Tuition assistance for further education and training.
• Competitive parental leave policy and childcare support.
• Swiss pension 2nd pillar fully paid by Glencore.