Product Risk Analyst

JOB PURPOSE:

We are looking for a responsible, motivated and eager candidate with a keen interest in commodity risk management to become part of the Metals Product Risk team in our Melrose office. The ideal candidate will be actively involved in team collaboration within the SA and Switzerland teams and will be motivated to advance their knowledge and skills in risk management and P&L position reporting.

PRIMARY TASKS & KEY RESPONSIBILITIES:

Daily and Monthly P&L and Position Reporting

Generate accurate and timely daily Profit and Loss (P&L) reports.
- This includes interpreting and providing detailed P&L attribution and commentary to explain key drivers and variances, providing insight to traders and management
Produce daily position reports with breakdowns by strategy, region, and instrument.
- Deliver clear analysis and commentary on the key drivers of variances
Collaborate with numerous teams across the division to ensure streamlined reporting and a collaborative environment. Eg:
- Product Risk in Switzerland to ensure daily reporting is accurate.
- Accounting team to reconcile month-end P&L.
- Traffic to ensure any misalignments are resolved in a timely manner.
Preform any adhoc tasks assigned to you from time to time.

Commodity Trading & Risk Management System Oversight (CTRM)

Collaborate with relevant functions to maintain data quality and integrity within the CTRM platform.
Make use of CTRM platform daily to verify and analyse contract terms, market prices, futures and option valuations, P/Ls etc.
Issue resolution: Act as a key contact for troubleshooting system issues, coordinating with relevant teams to resolve data and functional inconsistencies promptly. Liaise with IT and front office to support system enhancements, conduct UAT (User Acceptance Testing), and implement improvements to streamline workflows.

Project & Strategic Initiative Support

Contribute to the automation and standardization of daily reporting processes.
Cross-Desk Support: Participate in cross-training initiatives to build understanding across multiple metal trading desks.
Assist in the execution of ad-hoc strategic projects and business initiatives, such as new commodity onboarding, regulatory compliance reviews, or risk framework enhancements.

KEY RELATIONSHIPS:

Baar Risk Managers
Senior Risk Management team
Traders

QUALIFICATIONS:

A relevant Bachelor’s degree.
Preference will be given to candidates with a Bachelor’s or Honour’s degree in Finance, Risk Management, Economics. A professional certification such as the CFA or FRM will be viewed favorably.

WORK EXPERIENCE & SKILL REQUIREMENTS:

3 - 5 years of product risk/risk management/middle office/trade support/accounting experience in a commodity trading or financial institution.
Working knowledge of multi asset trading systems and ERP integration.
Advanced knowledge of MS Office tools, especially Excel.
Advanced English language ability, both written and spoken.

COMPETENCIES:

Keen interest in commodity risk management, process automation, internal control, efficiency and improvement.
Skilled at managing changing responsibilities, with an organized approach and a constructive mindset.
Clear and impactful communication skills, both oral and written, that connect team members and different audiences alike.
Strong problem solving and decision-making skills. Take initiative in resolving issues in a structured methodical manner.
Ability to work independently as well as work well in a team environment.
Have a deep sense of responsibility and ownership, required in a fast-moving environment. Excellent management of time and priorities are essential.
High level of attention to detail and data accuracy, ensuring analysis is focused on delivering practical business benefits, often in tight deadlines, is critical.

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.