Senior Market Risk Analyst

Senior Market Risk Analyst / Market Risk Analyst

Risk Department

London, UK

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 to the Head of Market Risk.

Key Responsibilities

• Risk identification, assessment and monitoring of the European Energy business.
• Work closely with the trading teams and the broader risk function to identify and raise risk concentration, illiquid risks and other areas of concerns by leveraging existing or new tools/metrics. Proactively raise to senior management any concerns.
• Advise upon, and directly contribute to ongoing system and model development for the measurement of risk
• Design and maintain risk reports and metrics to monitor key risks and adapt the monitoring as the market dynamics change, in particular design and implement bespoke stress scenarios as market conditions require
• Assist the Head of Market Risk in designing appropriate limits/control frameworks
• Undertake assessments of new material transactions, carrying out modeling and risk analysis as necessary
• Potential to manage junior team members in London and/or Johannesburg

Education and Experience Requirements

• Educated to degree level at 2.1 or above (or similar)
• 3-8 years experience in Market Risk management; commodities experience preferred but not required
• Excellent communication skills – must be able to understand others’ perspectives and relate complex ideas to different groups, including senior management
• Highly numerate, with good problem-solving and analytical skills
• Must be able to work effectively 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
• Coding skills in VBA/Python advantageous