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- Tasks: Monitor and assess market risks in the European Energy sector.
- Company: Join Glencore, a leading global commodity trading company.
- Benefits: Enjoy competitive pay, potential remote work, and professional development opportunities.
- Why this job: Be part of a dynamic team shaping risk strategies in a fast-paced environment.
- Qualifications: Degree level education with 3-8 years in Market Risk management preferred.
- Other info: Opportunity to manage junior team members and contribute to innovative risk solutions.
The predicted salary is between 48000 - 72000 £ per year.
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.
- 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.
Senior Market Risk Analyst employer: Glencore
Contact Detail:
Glencore Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Market Risk Analyst
✨Tip Number 1
Familiarise yourself with the latest trends and tools in market risk management, especially those related to the European Energy sector. This knowledge will not only help you during interviews but also demonstrate your proactive approach to understanding the industry.
✨Tip Number 2
Network with professionals already working in market risk roles, particularly within commodities. Attend industry events or webinars to connect with potential colleagues and gain insights into the company culture at Glencore.
✨Tip Number 3
Brush up on your coding skills, particularly in VBA and Python, as these are advantageous for the role. Consider taking online courses or working on personal projects that showcase your ability to analyse data and develop risk models.
✨Tip Number 4
Prepare to discuss specific examples of how you've identified and managed risks in previous roles. Be ready to explain your thought process and the impact of your decisions, as this will highlight your analytical skills and experience in risk management.
We think you need these skills to ace Senior Market Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in market risk management, particularly in the commodities sector if applicable. Use specific examples that demonstrate your analytical skills and ability to work under pressure.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities outlined in the job description, especially your experience in risk identification and assessment.
Highlight Technical Skills: Since coding skills in VBA/Python are advantageous, be sure to mention any relevant programming experience. Provide examples of how you've used these skills in previous roles to enhance risk analysis or reporting.
Showcase Communication Abilities: Given the importance of communication in this role, include examples of how you've effectively communicated complex ideas to different stakeholders, particularly senior management. This will demonstrate your ability to relate to various groups.
How to prepare for a job interview at Glencore
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of what a Senior Market Risk Analyst does. Familiarise yourself with risk identification, assessment, and monitoring, especially in the context of the European Energy business.
✨Showcase Your Analytical Skills
Be prepared to discuss your analytical and problem-solving skills. Use specific examples from your past experience where you successfully identified risks or contributed to model development, as this will demonstrate your capability in handling complex situations.
✨Communicate Effectively
Since excellent communication skills are crucial for this role, practice explaining complex ideas in simple terms. Be ready to discuss how you've communicated risk assessments to senior management or other stakeholders in previous roles.
✨Demonstrate Teamwork and Autonomy
Highlight your ability to work both independently and as part of a team. Share examples of how you've managed projects autonomously while also collaborating effectively with trading teams or junior members.
