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Quantitative Risk Analyst

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Glencore

2mo ago

Applications are closed

  • Job
    Full-time
    Senior & Expert Level
  • Data
  • London

Requirements

  • Educated to degree level at 2.1 or above in financial mathematics or any quantitative fields
  • 5-10 years relevant experience
  • Experience in modelling structured and exotics options (spreads options, Wiener processes, Kirk’s approximation etc…)
  • Experience in commodities (paper and physical) is an advantage but not required
  • Coding skills in VBA, Python
  • Highly numerate, with good problem-solving and analytical skills
  • Good communication skills – must be able to understand others’ perspectives and relate complex ideas to different groups, including senior management
  • The ability to challenge proposals constructively to help ensure they are robust, whilst maintaining excellent working relationships
  • Must be able to work effectively in a team, flexibly handling a wide range of potential issues
  • Must be capable of working with significant autonomy and ensuring analysis is focused on delivering practical business benefits, often in tight deadlines

Responsibilities

  • Create and validate models to capture risk embedded in structured transactions
  • Calculate and report daily risk analysis on trading books
  • Share with the team the responsibility to maintain price databases
  • Advise upon, and directly contribute to ongoing system and model development for the measurement of risk, and carry out model reviews to help ensure best practice is followed
  • Undertake assessments of a wide range of transactions, carrying out modeling and analysis as necessary
  • Communicate results effectively with traders and senior management
  • Proactively identify and communicate issues that may cause a surprise and ensure that reports or measurements present a reflection of this
  • Use and understand trading concepts and identify the main influences that drive changes in prices and price relationships
  • Regularly engage in discussion with traders and management about exposure taken

FAQs

What are the main responsibilities of a Quantitative Risk Analyst at Glencore?

The main responsibilities include creating and validating models to capture risk in structured transactions, calculating and reporting daily risk analyses on trading books, maintaining price databases, advising on and contributing to system and model development, conducting assessments and modeling of transactions, communicating results with traders and senior management, identifying and communicating potential issues, understanding trading concepts, and engaging in discussions about exposure taken.

What qualifications are required for this position?

Candidates must be educated to degree level at 2.1 or above in financial mathematics or any quantitative field. Additionally, 5-10 years of relevant experience is required, along with experience in modeling structured and exotic options. Experience in commodities is advantageous but not required.

What technical skills are expected from a candidate applying for this role?

Candidates should possess coding skills in VBA and Python and have a strong numerical background, alongside good problem-solving and analytical skills.

How important are communication skills for this role?

Communication skills are very important as the analyst must effectively communicate complex ideas to various groups, including senior management, understand others’ perspectives, and maintain excellent relationships while constructively challenging proposals.

Is experience in commodities necessary for this role?

While experience in commodities (both paper and physical) is beneficial, it is not a strict requirement for the position.

What level of autonomy is expected from a Quantitative Risk Analyst?

The analyst is expected to work effectively with significant autonomy, ensuring their analysis delivers practical business benefits, often under tight deadlines.

What is the reporting structure for this role?

The Quantitative Risk Analyst will report to the Head of Market Risk.

Can you describe the working environment for this position?

The working environment is collaborative, requiring the analyst to work effectively within a team while also flexibly handling a wide range of potential issues independently.

How does this role contribute to the overall risk management strategy at Glencore?

This role helps ensure that the risk-reward of trading books is properly understood, the physical exposures are accurately valued, and the risks are monitored to remain within the company's risk appetite, thereby contributing significantly to Glencore's overall risk management strategy.

Glencore

Energy
Industry
10,001+
Employees
1974
Founded Year

Mission & Purpose

We are a global and diversified natural resource company. From powering the electric vehicle revolution, to the smartphone in your pocket, the commodities we source enable modern life.