Glencore – Risk Management Graduate Opportunity

The Early Careers Company

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 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.

Graduate Careers at Glencore UK

Based in our fast-paced London office, our programmes are designed to accelerate the careers of outstanding graduates who have a strong commercial outlook and a genuine interest in energy commodities trading. Our graduate roles combine structured, professional development with on-the-job experience – successful candidates will have direct exposure to the commercial teams and will be trusted to take on responsibility from day one.

The Risk Graduate Programme

Our Risk team is an independent function, working closely with the energy division trading desks to make sure that the risk-reward of our trading books are properly balanced. Graduates who enter this team have the chance to work across three areas – product risk, market risk, and credit risk. 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.

Your role

  • Calculate and run daily risk reports, including the desk’s P&L, and conduct analysis on trading books of commodities in our energy division.
  • Communicate results effectively with traders and senior management.
  • To proactively identify and communicate issues that may cause a surprise, and that reports & measurements accurately reflect this
  • Undertake assessments of large transactions to help with the representation of implied risks or optionality.
  • Assist in the development of new and existing systems, models, processes and reports.
  • Generate additional value using your initiative, commercial innovation and entrepreneurial flair.

Who we look for

We look for recent graduates with an excellent track record of individual achievement – who are interested in a challenging, exciting career in the commodities sector. Accuracy, confidence and exceptional analytical skills are key attributes in this area of our business, and an aptitude to use and learn a coding language is an advantage.

As a key member of the risk 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 desks.

Working at Glencore requires commercial awareness, adaptability and resilience – and you will need to thrive in team environments as well as take initiative independently.

To apply for our Graduate Risk Opportunity, you should show:

  • Completion of a Bachelor’s degree to a 2.1 standard or above in STEM, finance, economics or similar. Recent graduates and those predicted to graduate with a 2.1 or above in 2025 are welcome to apply.
  • A demonstrated interest in our work in the commodities sector, shown through some relevant experience in the Finance, Energy or Oil industries.
  • Ability to code in one of the following languages is desirable (VBA, Python, SQL)
  • Entrepreneurially minded and adaptable, with a resilient approach to tackling challenges
  • Highly numerate, with good problem-solving and analytical skills.
  • Able to problem-solve logically and with confidence.
  • Highly motivated and organized, with the ability to work under pressure and meet tight deadlines
  • Good communication skills and the confidence to question the status quo.

Applications will close on October 15, 2024.

Applications will be reviewed on a rolling basis, so an earlier application may lead to an earlier decision.

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