Glencore - Market Risk Analyst

Market Risk Analyst

Risk Management Department

Chennai, India

- We are seeking a highly skilled and motivated Market Risk Analyst to join our Risk team at our office in Chennai, India. The person selected for this role will produce the market risk reporting for the Metals, Minerals and Coal portfolio. They will be required to assess high-risk and strategic exposures, maintain an up-to-date risk profile, conduct breach monitoring, and support the continuous improvement of the market risk framework.

- The Glencore Market Risk team is an independent function that manages, monitors, and provides advice to the Trading business on matters relating to Market Risk. This involves establishing risk thresholds, tracking exposures in line with our risk tolerances, collaborating with trading teams to develop risk mitigation strategies, and ensuring timely identification of potential risks.

The Role :

- Ensure the accurate and timely production of daily market risk reports (VAR, stress tests, liquidity, etc.), managing daily workflows, schedules, and project deadlines

- Understand, explain and report key movers of the Risk controls

- Ensure investigation, documentation and timely escalation to Market Risk leads on all issues identified through daily deliverables

- Monitor and manage exposure levels at individual and portfolio levels to ensure compliance with approved risk appetite and resolve breaches.

- Conduct detailed analyses on high-risk exposures and new potential deals.

- Present ad hoc market risk reports to senior management and stakeholders as required.

- Maintain code base (Python & VBA) related to key market risk processes.

- Investigate issues related to report generation, liaise with the IT support and actively drive the changes and test patches and fixes.

- Work with internal stakeholders, including Front Office, Finance, Compliance, and Legal, as needed.

- Stay informed on market trends and regulatory changes affecting market risk.

- Contribute to the continuous development and enhancement of market risk assessment methodologies and policies.

Qualifications and requirements :

- Degree in Finance, Economics, or Statistics, with a strong financial analysis skillset.

- 3-5 years professional experience in market risk in a leading financial institution or a global commodity trader with a preference for experience in Metals and Mining.

- Knowledge of typical derivative instruments (Forwards, Futures, American Options, Asian Options, Digitals, Outperformance Options, Time Spread Options, Location Spread Options, etc.).

- Experience with quantitative market risk metrics (VaR, Expected Shortfall, Stress Tests, Greeks, etc.) is essential.

- Good technical skills in Python, VBA & SQL, preferred

- Effective written and verbal communication skills.

- Comfortable with complex technical processes and analysis of large data.

- Advanced analytical, problem solving and organisational skills.

- Self-motivated and able to take initiative to broaden own knowledge.

- Ability to work in a team and engage with others, essential.

- Ability to adapt to fast changing environments and priorities.

Our ideal candidate :

- Is a dynamic, lateral thinking individual with a positive, enthusiastic attitude and a strong desire to learn

- Good interpersonal skills, interacts well within a team environment, takes initiative, and approaches and resolves issues in a structured methodical manner

- Has a strong sense of responsibility, ownership and is attentive to detail.

Who we are :

- Glencore is one of the worlds 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.

- Glencores 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.