Junior Market Risk Analyst

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, assess high‑risk and strategic exposures, maintain an up‑to‑date risk profile and conduct breach monitoring, and support the continuous improvement 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. It provides guidance to the Trading business, establishes risk thresholds, monitors VaR, tracks exposures in line with our risk tolerances, collaborates with trading teams to develop risk mitigation strategies, and ensures timely identification of potential risks.

• 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 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.

• 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.

• 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.

• We are committed to providing benefits that 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.

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, and we will seek your explicit consent prior to processing the data.