Market Risk Internship

MARKET RISK INTERNSHIP (3 Months Fixed Term Contract)

INTERNSHIP OVERVIEW:

This internship provides an introduction to how energy products such as oil, gas, and fuel are traded and distributed worldwide. You will learn how global markets and transport routes shape the movement of these resources, and examine the impact energy flows have on economies, industries, and international relations.

As a Market Risk Intern, you'll work directly with risk professionals who manage exposure, evaluate volatility, and keep the business ahead of fast-moving markets.

The risk department is an independent function aiming to monitor front-line trading and ensure 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 and risk managed.

WHO SHOULD APPLY?

We’re looking for ambitious students or recent graduates who are:

Studying Quantitative Risk, Finance, Economics, Engineering, Mathematics, or Data Science
Curious about markets and with an interest in risk
Strong in Excel, Python/SQL
Analytical, detail-oriented, and eager to learn

KEY LEARNINGS:

How trading desks measure and manage market risk
Value-at-Risk (VaR), Greeks, and stress testing
How to monitor daily exposure and P&L
Tools like Excel, Python, SQL, Bloomberg
Real-world risk governance and escalation protocols

KEY RELATIONSHIPS:

London Risk Managers
Senior Risk Management team
Traders

PROGRAM HIGHLIGHTS:

Work on a live project (e.g., backtesting models, stress analysis)
Join risk meetings with senior analysts and managers
Mentorship from experienced risk professionals
Deliver a final presentation to the team
Receive career coaching and performance feedback

BENEFITS:

Practical exposure to risk systems and decision-making
A powerful edge in future job applications
A chance to convert to a full-time analyst or graduate hire

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.