About this role
Market Risk Analyst Location: Melrose Arch, Johannesburg, South Africa Department: Oil Market Risk Reporting: Market Risk Lead
JOB PURPOSE:
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/PowerBI) 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, Economics (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
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. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that advance everyday life. With over 140,000 employees and contractors and a strong footprint in over 30 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of offices. Glencore’s customers are principally 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.
Important information This material does not purport to contain all of the information you may wish to consider. For further important information, including in connection with forward-looking statements and other cautionary information, refer to the Important notice section of Glencore’s 2025 Annual Report, which is available at glencore.com/publications. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from any future events, results, performance, achievements or other outcomes expressed or implied by such forward-looking statements. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities. Other information The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, “Glencore”, “Glencore group” and “Group” are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies. Likewise, the words “we”, “us” and “our” are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.
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