We are seeking a highly skilled and motivated Market Risk Analyst to join our Risk team at our office in Baar, Switzerland. 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, maintaining an up-to-date risk profile, and breach monitoring and will be required to support the continuous improvement of the of the market risk framework.
The Glencore Market Risk Function is part of the Risk Department and is responsible for monitoring and reporting market risk and provides guidance to the Trading business. This involves establishing risk thresholds, monitoring the VaR, 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
Monitor adherence to the approved market risk appetite and promptly escalate potential or actual breaches to senior team members
Help maintain and improve risk calculation processes and code (Python, VBA, Excel); implement changes and improve the efficiency
Prepare data and produce ad-hoc market risk reports and slide packs for senior management and stakeholders as required
Analyse and explain key drivers of risk movements and control metrics
Liaise with internal stakeholders, including Front Office, Finance, IT and Legal, to validate inputs and resolve queries
Support investigations into high-risk exposures and new potential deals, escalating issues and recommendations to senior team members
Troubleshoot report generation issues, coordinate with IT to drive fixes and validate patches before release
Maintain, develop and document the code base (Python & VBA) used in routine market risk processes and reporting
Contribute to the continuous improvement of market risk methodologies, automation and reporting coverage (including onboarding new commodities into VaR and stress frameworks)
Support risk-related projects and assist senior team members with implementation and testing activities
Qualifications and requirements:
Degree in finance, statistics, mathematics, engineering or a related quantitative discipline; master’s favourable
0–3 years’ professional experience in market risk, risk analytics, trading support, or a related function
Experience with commodity markets (metals/mining) is an advantage
Working knowledge of core derivative instruments (forwards, futures, vanilla options) and a willingness to learn more complex payoffs
Demonstrated understanding of quantitative risk metrics (VaR, stress tests, Greeks, expected shortfall) and how they are produced and interpreted
Practical coding skills in Python and Excel/VBA; familiarity with SQL is desirable
Advanced analytical skills, attention to detail and the ability to work with large datasets
Fluent written and spoken English; able to prepare clear reports and present findings to stakeholders
Problem-solving mindset, self-motivated and motivated to learn and take on new responsibilities.
Comfortable working in a lean team structure, collaborating with multiple internal partners and adapting to changing priorities
Holding a Swiss work permit or passport holder of CH / EU / EFTA.
Our ideal candidate:
is a dynamic, lateral thinking individual with a positive, enthusiastic attitude and a genuine willingness 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 clear sense of responsibility, ownership and is attentive to detail.
Benefits
We are committed to providing benefits, which promote mental, physical, and financial well-being. From healthy meal options in our restaurants and bistros to free use of the in-house gym including sport classes with professional trainers.
We reimburse public transport for commuting to work; alternatively, we offer free parking space.
We provide tuition assistance for further education and training courses.
We have a competitive parental leave policy. Our childcare benefits also include emergency childcare services and financial assistance towards daycare costs.
Employees’ Swiss Pension 2nd pillar is fully paid by Glencore.
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 informationThis 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 informationThe 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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