Xstrata
Senior Risk Manager
Xstrata, Houston, Texas, United States, 77246
Glencore , headquartered in Baar, Switzerland is one of the world's leading integrated producers and marketers of commodities that industries around the world need. Glencore has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of metals and minerals, energy products, and agricultural products. We strive to be a reliable and competitive partner in the markets in which we serve and to support our customers and suppliers at each stage of their expansion and development.
Glencore Ltd , a US-based branch of Glencore AG, is a wholly owned subsidiary of Glencore International AG, where it employees approximately 300 people.
Senior Desk Risk Manager - Crude
Risk Department
Houston, TX
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 lead the product risk coverage of a physical crude oil book. The role encompasses a large number of responsibilities: production and explain of P&L and exposures, cargo valuation and daily pricing, daily hedging of complex physical transactions.
Key ResponsibilitiesLead risk coverage of the US Crude books: Responsible for calculating and running daily risk reports, including the desk's P&L and exposures. This involves a full explain of the P&L drivers from changes in market prices and the physical movement of oil cargoes or gas molecules.Managerial responsibility for a team of 2-3 junior risk managers based in Houston and Mexico City.Ensure the accuracy of the book of records - cargo valuation and daily pricing, complex hedging of financial exposure - in a context of high financial markets volatility.To communicate results effectively with traders, physical operators, and senior risk managementTo proactively identify and communicate issues and material changes in the portfolio to senior risk management to ensure that reports or measurements present a true reflection of the business.Any other ad hoc duties that may be required from time to time.Education and Experience Requirements
3-6 years of experience in Market Risk, Product Control or similar functionsCommodity experience, specifically oil and/or gas is preferable but not requiredTeam management experience preferred with the ability to mentor junior members of the teamHighly numerate, with good problem-solving and analytical skillsMust be capable of working with significant autonomy and ensuring analysis is focused on delivering practical business benefits, often in tight deadlinesExcellent communication skills - must be able to understand others' perspectives and relate complex ideas to different groups, including senior managementThe ability to challenge proposals constructively to help ensure they are robust, whilst maintaining excellent working relationshipsMust be able to work effectively in a team, flexibly handling a wide range of potential issuesCoding skills in VBA/Python advantageous
Glencore Ltd , a US-based branch of Glencore AG, is a wholly owned subsidiary of Glencore International AG, where it employees approximately 300 people.
Senior Desk Risk Manager - Crude
Risk Department
Houston, TX
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 lead the product risk coverage of a physical crude oil book. The role encompasses a large number of responsibilities: production and explain of P&L and exposures, cargo valuation and daily pricing, daily hedging of complex physical transactions.
Key ResponsibilitiesLead risk coverage of the US Crude books: Responsible for calculating and running daily risk reports, including the desk's P&L and exposures. This involves a full explain of the P&L drivers from changes in market prices and the physical movement of oil cargoes or gas molecules.Managerial responsibility for a team of 2-3 junior risk managers based in Houston and Mexico City.Ensure the accuracy of the book of records - cargo valuation and daily pricing, complex hedging of financial exposure - in a context of high financial markets volatility.To communicate results effectively with traders, physical operators, and senior risk managementTo proactively identify and communicate issues and material changes in the portfolio to senior risk management to ensure that reports or measurements present a true reflection of the business.Any other ad hoc duties that may be required from time to time.Education and Experience Requirements
3-6 years of experience in Market Risk, Product Control or similar functionsCommodity experience, specifically oil and/or gas is preferable but not requiredTeam management experience preferred with the ability to mentor junior members of the teamHighly numerate, with good problem-solving and analytical skillsMust be capable of working with significant autonomy and ensuring analysis is focused on delivering practical business benefits, often in tight deadlinesExcellent communication skills - must be able to understand others' perspectives and relate complex ideas to different groups, including senior managementThe ability to challenge proposals constructively to help ensure they are robust, whilst maintaining excellent working relationshipsMust be able to work effectively in a team, flexibly handling a wide range of potential issuesCoding skills in VBA/Python advantageous