2020 Commercial Graduate Programme - Oil Division
An opportunity to excel
We are searching for exceptional graduates with a genuine interest in commodities trading. We look for disciplined people who can demonstrate entrepreneurial ability, thrive on logistical challenges and can provide practical solutions to complex problems utilising mathematical and coding capability.
We are offering graduate vacancies in London, New York and Singapore to start in 2020 as part of our Commercial Graduate Programme.
Based within our dynamic trading environment, our training programme is structured to bring out the very best in you and give you the opportunity to excel in a commercial role, working alongside the very best people in the business.
You will be trusted with individual responsibility from day one in a complex and demanding role, primarily within Risk or Analytics. Other commercial areas of the business include Operations and Finance. This approach equips our graduates with the highest levels of professionalism, personal ownership and commercial aptitude - the key ingredients for a successful career with Glencore.
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Andrew Ben Salem
Working at Glencore: commercial opportunities
Our presence at each stage of the commodity chain provides us with excellent market insight and access to opportunities. We are able to capture value at each stage, including extraction, processing, freight, logistics, technology, storage, marketing, risk management and financing. These critical areas of our business provide a wealth of commercial opportunities and career streams for our employees within the oil and gas business.
Our trainees work in the following areas
Our trading operators work alongside our physical traders and are responsible for the logistical and financial execution of each contract. This is a highly commercial role where attention to detail and precise communication are paramount. The operator has a material impact on every stage of the trade, from management of the shipping and transportation, legal and contractual considerations through to financial risk analysis and final settlement of the deal.
A trading operator has a direct financial impact on the trading book and will work closely with the trading, chartering and financial teams in order to ensure that commercial value is maximised as well as mitigating operational risk.
Our risk managers work closely with front line traders and operators. Risk managers maintain physical and derivative exposure whilst assessing the accuracy and validity of mark-to-markets in order to produce profit and loss reports and risk metrics. They provide analysis ensuring that hedging is executed in line with our trading team’s strategy.
Accuracy, confidence and exceptional analytical skills are key attributes in this area of our business. As a key member of the trading team, excellent communication and relationship management skills are required to maintain an independent view whilst also adding value by providing accurate data directly to the trading desk.
Our trading analysts work directly with our traders to evaluate fundamental global market supply and demand across the barrel utilizing mathematical and programming techniques. Our analysts work closely with traders, shipping and IT, developing tools in order to deliver value to the business.
Forecasting market trends and strategic global thinking are important skills. A good analyst will proactively form an independent view of the market and present clear and concise data to support this opinion. This data will be used to add value and inspire commercial strategy within the trading teams.
Glencore in numbers
employees and contractors around the world
Numerical aptitude is important, as is the ability to work well in a team and to think and act independently. We look for people with language skills and cultural awareness as diversity is integral to our business.
Glencore requires individuals who have strong commercial acumen along with a committed ambition for a challenging and exciting career in the oil and gas markets. Successful graduates will be resilient and proactive in order to flourish in an environment that values adaptability.
You are required to submit a CV and covering letter. Through the use of evidence and examples, your application must demonstrate:
- where you have generated additional value by utilising your entrepreneurial flair, commercial innovation or initiative
- your resilience and determination to succeed in a commercial/competitive environment
- your proficiency in solving and communicating complex problems
- your ability to build relationships, work in and influence a team
Applications open September 2020