Glencore Vacancies

To apply, click on the link at the end of the posts and all the best with your applications.

Deal Validation Manager

We are looking for a motivated team manager to join our Risk Department, lead and develop the growing Product Risk / Validation team based in our office in Melrose, Johannesburg. The team in South Africa acts as a service organisation for the Product Risk / Validation team based in Baar, Switzerland.

Responsibilities

Team Management

• Lead and support the growth and development of 4-6 team members, providing coaching and mentoring to the team.
• Recruitment, including screening and interviewing, and performance reviews for the local team; working closely with Team Leads in Switzerland.

​Continuous Improvement

• Identify opportunities for improvement and automation in all periodic tasks performed by the team

Day to Day Activities

• Responsible for deal entry validation
• Validating commercial terms for various commodities
• Identifying and clarifying discrepancies with commercial team
• KPI monitoring and issue resolution
• Daily review and distribution of KPI dashboards
• Monitoring adherence and escalation
• Production of ad-hoc management reports and analysis
• Daily coordination with Product Risk / Validation team in Headquarter
• Prepare and review periodic position and P/L reporting, along with commentary to explain main drivers
• Support and look for improvements in daily P/L and position reporting processes, working with the Product Risk lead

Candidates who would excel in our environment

QUALIFICATIONS:

• Relevant NQF Level 7 Qualification in Data Science or Information Systems.

WORK EXPERIENCE & SKILL REQUIREMENTS:

• At least 4 years of experience in a leadership role, preferably in commodity trading or financial institution
• Experience within data analytics environment
• Extensive IT knowledge (MS Office Suite, Excel, Power BI), flair for figures, paying attention to detail, and willingness to learn new system applications
• Adaptable, dynamic and organised with a positive and enthusiastic attitude
• Take initiative in resolving issues in a structured methodical manner
• Good Team Player that interacts well with a team
• Strong sense of responsibility and ownership and attentive to detail, in a fast-moving environment
• Willing to learn and share knowledge
• Pro-active, accountable and self-motivated
• Excellent verbal and written communication skills in English, that actively manage expectations in an efficient way

Applications Close:   19 September 2024Glencore Holdings South Africa PTY (Ltd) is an equal opportunity company and committed to transformation.The Company reserves the right not to make the appointment. By applying for the position, you consent to Glencore collecting, storing, using, destroying and processing in any other manner personal information for purposes of attending to this advertisement, and/or all matters relating thereto, including the disclosure to third parties of such personal information for purposes of confirming such personal information. In the event you do not hear from the Company within a period of 21 days after the closing date of applications, please consider your application to have been unsuccessful. The CV’s of unsuccessful candidates will not be returned.Note*: All applications will be subject to potential background checks. You will be informed if this will be the case. the data

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.

Glencore’s 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.​

​Note*: All applications will be subject to potential background checks. You will be informed if this will be the case. Further information about the processing of your personal data will be made available during the application process. We’ll seek your explicit consent prior to processing the data.

Employee Communications Specialist – Digitial Workplace

Our Group Corporate Affairs Department is looking for an Employee Communications Specialist focused on digital platforms to be based in our Melrose Office in Johannesburg, South Africa. The Communications Content Specialist will play a key role within the Group Corporate Affairs function, reporting directly to a Communications Officer or Manager. This position is focused on project management and communications activities (particularly using digital platforms and tools) to support our employee communications strategy. The successful candidate will also be responsible for delivering impactful, engaging content that aligns with Glencore’s Purpose, Values, and business objectives.

GENERAL ACCOUNTABILITY:
Project management for digital employee communications:
• Drive project management relating to initiatives for the company intranet and digital communication tools, ensuring timelines, budgets, and project milestones are met.
• Coordinate with IT, other functions and relevant commodity departments to ensure a smooth implementation, troubleshooting issues and managing risks as they arise.
• Serve as the point of contact for all stakeholders involved in the project, driving regular updates and addressing any concerns.
Content creation and management:
• Create, edit, and update content for the Group’s employee communication channels (particularly digital channels), including news, announcements, useful information, multimedia and engaging content, ensuring accuracy, clarity, and alignment with brand guidelines.
• Develop and refresh content for global and local office intranet sites, including pages and news updates ensuring relevance to local audiences while maintaining consistency with the Group’s overall messaging.
• Support onboarding of new locations onto the global intranet and upskill them to develop digital content.
• Collaborate with the wider team to ensure that all content supports the overarching communication strategy and resonates with diverse employee demographics.

Support strategic initiatives:
• Work closely with other team members to contribute to strategic communication initiatives, ensuring content aligns with Glencore’s business strategy, Purpose, Values, and culture.
• Participate in planning and brainstorming sessions to develop innovative content ideas that support employee engagement, organisational change, and culture enhancement.

Brand consistency:
• Ensure all content is aligned with Glencore’s brand, tone, and design guidelines, maintaining consistency across all communication channels.
• Assist in monitoring and updating brand guidelines as necessary to reflect evolving business needs and employee feedback.
Analytics and Feedback:
• Monitor the performance and effectiveness of content by analysing engagement metrics and feedback, providing insights and recommendations for continuous improvement.

This role will be based at our Melrose Arch offices, reporting to the Communications Manager.

QUALIFICATIONS:
•Bachelor’s degree in communications, Human Resources, organisational psychology, change management, digital platforms or technology subjects or a related field.

WORK EXPERIENCE & SKILL REQUIREMENTS:
• Content development experience: proven experience in content creation, writing and editing within a corporate environment (particularly on digital platforms) and ideally a mining, trading or similar industry. Experience in employee communications is preferred.
• Project management: experience with project managing initiatives which include digital products for use in communications.
• Writing and editing skills: Strong writing and editing skills, with the ability to produce clear, concise, and engaging content tailored to diverse internal audiences.
• Technical proficiency: Proficient in using content management systems (CMS), such as SharePoint, WordPress or Dupral, intranet platforms, Microsoft 365, analytics tools and other digital tools for content creation and management.
• Attention to detail: Exceptional attention to detail with the ability to ensure accuracy and consistency across all content.
• Team collaboration: Ability to work collaboratively within a team, contributing to shared goals and projects while also being able to work independently on assigned tasks.
• Organisational skills: Strong organisational skills, with the ability to manage multiple content projects and meet deadlines in a fast-paced environment.
• Communication skills: Excellent verbal and written communication skills, with the ability to effectively liaise with team members and stakeholders across different departments and locations.
• Language proficiency: Native or fluent English speaker required; additional language skills are an advantage.

About Group Corporate Affairs
The mission of Glencore’s Group Corporate Affairs team is to strengthen and enhance Glencore’s reputation and be recognised as a trusted partner, so customers and stakeholders invest in us and want to do business with us, and potential and current employees want to work for us because they recognise and value we bring and the necessary role we play, and act on that basis.
We do this by engaging proactively and meaningfully with all relevant stakeholders to:
• Protect and strengthen our reputation and brand globally and in key geographies
• Unite employees around the company’s ambitions to foster a high-performance culture
• Manage political and regulatory risk effectively

Junior Credit Risk Analyst

Department/Division: Credit Risk, Metals division. 

Location: Melrose, Johannesburg

Reports: Credit Risk Analyst

The global department provides credit risk advisory, reporting and macro-economic analysis for metals division. It requires diligent credit risk, monitoring, and counterparty review analysis. This position requires the individual to deliver routine & ad hoc credit risk reporting to the credit risk team and other internal and external stakeholders. Accurate micro- and macro-economic analysis and data collection for numerous types of reports.

The successful candidate will be part of Glencore’s global Credit Risk team for the metals division. 

OBJECTIVES:

• In-depth financial analysis including spreading financial data, helping to score counterparties through in-house scoring models and updating Credit Rating and advising on credit risk appetite.
• Periodically and ad-hoc macro-economic and sector reporting.
• Creation and distribution of Credit Risk reporting (bespoke, cross-group and cross-functional) for the

Global Function to senior stakeholders.

• Validating and explaining Credit Risk data generated from our various systems.
• Maintaining Data Integrity across our various systems.
• Assisting in the development of new and existing systems, processes, and reports (PFE, Cost of Credit)
• To communicate effectively with senior management and the credit team.
• Identify and present issues to relevant Global teams, clearly and logically.
• Any other ad hoc duties that may be required from time to time.

KEY RELATIONSHIPS:

• Credit team (London, NY and Baar)
• Senior Risk Management team
• Other Risk functions

QUALIFICATIONS:

• Tertiary Qualification- Bachelor’s Degree (preferably in finance, risk management, accounting, economics, business studies, analytics)
• Relevant Post graduate qualifications beneficial

WORK EXPERIENCE:

• Ideally 0-1 experience. (recent graduate)
• Financial Analysis knowledge would be beneficial.
• Coding skills in VBA, PowerBI, Python advantageous.

COMPETENCIES:

• Proficient knowledge using Microsoft Office (i.e. Access, Excel, PowerPoint)
• Good working knowledge of Excel spreadsheets and database functionality e.g., forms, templates, and logic functions.
• Strong communication skills.
• Ability to work independently & as part of a rapidly changing team.
• Multi-tasking and excellent management of time and priorities is essential.
• Highly numerate, with good problem-solving and analytical skills.
• Pro- active, committed and highly motivated.
• Ability to work independently.
• Ability to work well in a team.
• Need to be adaptable, flexible, and entrepreneurial.
• Takes initiative and invest energy to resolve queries.
• High level of attention to detail and data accuracy, ensuring analysis is focused on delivering practical business benefits, often in tight deadlines.
• Strong interest in commodities

Please apply on the Careers Portal:                                               Applications Close:

https://www.glencore.com/careers/career-opportunities                 04 October 2024

This vacancy will be filled in line with the Employment Equity Plan of Glencore. By applying for this position, you consent to Glencore collecting, storing, using, destroying, and processing in any other manner personal information for purposes of attending to this advertisement, and/ or all matters relating thereto, including the disclosure to third parties of such personal information for purposes of confirming such personal information. In the event you do not hear from the Company within 21 days after the closing date of applications, please consider your application to have been unsuccessful. The CVs of unsuccessful candidates will not be returned.

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.

Glencore’s 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.​

​Note*: All applications will be subject to potential background checks. You will be informed if this will be the case. Further information about the processing of your personal data will be made available during the application process. We’ll seek your explicit consent prior to processing the data.

Senior Model Risk Analyst

Senior Model Risk Analyst

Reference Number: HRR0001057

Location: Melrose Arch, Johannesburg, South Africa

Department: Risk function

Reporting to: Product Risk Lead

JOB PURPOSE:

The Senior Model Risk Analyst is responsible for ensuring that Glencore Energy complies with our Model Risk Governance and to ensure that our models perform as expected throughout their life cycling, that we identify limitations of our model and perform adequate monitoring of those or resolution. This position is instrumental in ensuring that we adhere to our governance on models, identify any shortcomings in our models, document our reviews, work with the Quant Risk team to define resolution & / or monitoring of our limitations. In addition, the Senior Model Risk Analyst will build further knowledge on the models, the asset dynamics, trading strategy and will periodically recertify / affirm the model changes in line with market dynamics changes, life cycling and new business opportunities. This role involves a regular interaction with the Quant Risk team who define and implement the models used for valuation.

The role involves extensive collaboration with Quant Risk team, Senior Risk Managers, Market Data team, Structuring team, and other stakeholders with the organisation, to ensure that models are robust, well-documented, challenged and remediated when necessary.

GENERAL ACCOUNTABILITIES:

• From the model inventory and periodicity of review perform full recertification of the model representation and performance or affirmation of the model parameters updates as governed by the model document.
• Model scope covers trade models (optionality, complex optionality, physical optionality, etc), curve models (marking models), valuation models (Black Scholes Merton, Spread options et.), Risk Models (Liquidity model, RAL model, PFE model, etc)
• Identify the model risks as part of the model certification review.
• Challenge the model assumptions where necessary based on the lifecycle of the model.
• Design materiality assessments and monitoring with Quant Risk team when some limitations can’t be addressed in the model
• Develop a holistic approach in the model representation where some aspects can be mitigated through representation outside the model
• Develop a thorough understanding of physical operational constraints and be able to see how these are represented – when necessary – in the model representation.
• Propose limitations and discuss the resolutions with the Quant Risk, Business and Product Risk depending on the resolution type (booking, marking etc)
• Perform performance review of the model as per the tests defined in the model (convergence tests etc)
• Ensure proper documentation, version control, and validation of models to maintain a clear audit trail
• Prepare reports and presentations for senior management, auditors, and regulatory bodies regarding model risk, performance, and compliance.

Candidates who would excel in our environment

QUALIFICATIONS:

• Bachelor’s degree in quantitative disciplines such as Economics, Mathematics, Actuarial Science, Statistics, or Financial Engineering
• MSc Finance/Financial Engineering ideally desired but not required
• Additional qualifications such as CQF ideally desired but not required

WORK EXPERIENCE & SKILL REQUIREMENTS:

• A minimum of 3-7 years of experience in model risk management, validation, and control
• In-depth knowledge of regulatory frameworks (IFRS) relevant to IFRS, PRA and global standards.
• Experience with risk modelling tools (e.g., Python) and model validation methodologies.

COMPETENCIES:

• Python and object-oriented coding
• Proficiency in quantitative analysis, financial modelling, and statistical techniques.
• Methodical, structured and self-driven
• High level of accuracy and details understanding whilst able to understand the intricacies of different review levels based on the models’ complexities.
• Strong written and verbal communication skills, with the ability to present complex model risk findings and propose resolution pragmatically in taking into account the organisational setup.
• Ability to work in cross-functional teams and collaborate effectively
• Ability to work under pressure in a fast-paced and highly regulated environment.
• Flexibility and willingness to adapt to changing regulatory and business needs.

How to apply:

Please apply on the Careers Portal:                                            Applications Close:

Overview – Workday (myworkday.com)                                      01 November 2024

This vacancy will be filled in line with the Employment Equity Plan of Glencore. By applying for this position, you consent to Glencore collecting, storing, using, destroying, and processing in any other manner personal information for purposes of attending to this advertisement, and/ or all matters relating thereto, including the disclosure to third parties of such personal information for purposes of confirming such personal information. In the event you do not hear from the Company within 21 days after the closing date of applications, please consider your application to have been unsuccessful. The CVs of unsuccessful candidates will not be returned.

Note*: All applications will be subject to potential background checks. You will be informed if this will be the case. the data

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.

Glencore’s 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.​

​Note*: All applications will be subject to potential background checks. You will be informed if this will be the case. Further information about the processing of your personal data will be made available during the application process. We’ll seek your explicit consent prior to processing the data.

Click here to apply

All the best with your applications.