Market Risk Analyst
Location: Melrose Arch, Johannesburg, South Africa
Department: Oil Market Risk
Reporting: Market Risk Lead

The Glencore Risk Department is an independent function aiming to control front-line trading. The Risk Department ensures that the risk-reward of the trading books is properly understood by Glencore senior management and that the physical exposure of the business – e.g. oil cargoes, electricity generation, gas deliveries – is correctly valued.

This position requires the individual to monitor the risk embedded into the company portfolio and make sure it stays within the company’s risk appetite. The role is reporting into the Lead of Market Risk team.

PRIMARY TASKS & KEY RESPONSIBILITIES:

• Conduct risk identification, risk assessment and risk monitoring on the portfolios that the Risk Analyst is responsible for.
• Design risk reports to monitor some key identified risks and adapt the monitoring as the market dynamics change
• Own the coordination, implementation, evolution and communication of the risk reports
• Work collegially with the team, communicate effectively with the desk to understand the positioning of the desk and current market conditions
• Define and implement bespoke stress tests based on market conditions deterioration, specific risk quantification for communication and ventilation to the Senior Risk Management and Commercial teams
• Define and monitor predictive scenarios for portfolio risk to give a better intuition to management and desk on the positioning as market conditions evolve
• Coding in python, leveraging on data visualization software (Tableau/Power BI) for effective presentation of metrics daily in dashboards.
• Undertake assessments of a wide range of transactions, carrying out modeling and analysis as necessary
• Communicate results effectively with traders and senior management

KEY RELATIONSHIPS:

• London Risk Managers
• Senior Risk Management team
• Traders

QUALIFICATIONS:

• Bachelor in Science Degree required
• Master in Science preferred (Preferably in Finance/ Risk management)
• Post graduate qualifications in Finance, Risk Management (advantageous)

WORK EXPERIENCE & SKILL REQUIREMENTS:

• Experience in Market Risk required
• Commodity experience, specifically oil and/or gas is preferable but not required
• High Coding skills, notably in Python, essential.
• Highly numerate, with good problem-solving and analytical skills.
• Good communication skills.
• The ability to challenge proposals constructively to help ensure they are robust, whilst maintaining excellent working relationships
• Must be able to work collegially in a team, flexibly handling a wide range of potential issues
• Must be capable of working with significant autonomy and ensuring analysis is focused on delivering practical business benefits, often in tight deadlines

How to :

Please on the Careers
Applications Close: 2 December 2024
Portal: https://www.glencore.com/careers/career-opportunities

This vacancy will be filled in line with the Employment Equity Plan of Glencore. By ing for this position, you consent to Glencore collecting, storing, using, destroying, and processing in any other manner personal information for purposes of attending to this advertisement, and/ or all matters relating thereto, including the disclosure to third parties of such personal information for purposes of confirming such personal information. In the event you do not hear from the Company within 21 days after the closing date of applications, please consider your application to have been unsuccessful. The CVs of unsuccessful candidates will not be returned.

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.