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• Glencore Headquarters
• Baar , Zug , Switzerland
• Risk Management Department

Operational Risk and Trade Support Manager

Risk Management Department
Baar, Switzerland

Located in Baar, Switzerland, Glencore has a role within its Risk Team for an Operational Risk and Trade Support Manager who will be responsible for developing Glencore\\xe2\\x80\\x99s clearing and reconciliation team. The successful candidate will have an important part in enhancing and developing the trade support function, with the opportunity to develop the role further to encompass Operational Risk (with the assistance of the Head of Department). This position will be based in Baar, it will report into the Global Head of Trade Support and Operational Risk based in London and, from time to time, will require some travel to Glencore\\xe2\\x80\\x99s other marketing offices.

In details, the position encompasses duties and responsibilities as follows:

• Responsible, in conjunction with other local team leads, for the oversight of all swap derivatives & forwards transactions. Engage, support, and provide guidance to the team on the following tasks:

• OTC Trade validation and confirmations of both paper and physical activity.
• Administration of exchange-traded and OTC commodity futures, options, and other related financial instruments (e.g., swaps). Ensuring that Glencore systems are validated and reconciled to / with broker recaps and FCM data.
• Exchange reference data management (broker commissions e.g., system mappings)
• Assisting the Head of Department with operational management of FCM and CCP relationships.
• In line with Segregation of Duty, support the Head of Department with the handover of particular tasks performed by other areas that should sit with Trade Support.
• Perform system and control audits, delivering solutions to remove control inefficiencies and gaps.
• Maintain a pro-active knowledge of exchange developments and ensure that any potential impact to the margining process is monitored. Coordinate with compliance to understand and assist in responding to any regulatory requirements as appropriate.
• Manage a team of direct reports who are responsible for the activities noted above. This includes ensuring appropriate resourcing, recruitment and providing ongoing performance feedback.
• Conducting a full analysis of incidents (incident response and reporting) and driving robust solution.
• Maintain a line of defence model and a culture of ownership and accountability.
• Maintain high standards of conduct, compliance, ethics, risk management and control. Promote adherence to Glencore\\xe2\\x80\\x99s policies and procedures.
• Build and maintain effective relationships with all stakeholders, particularly with Front Office, Compliance, Change Management, Credit and Risk Managers.
• Engage and manage operational risk initiatives (Incident reporting, Trade accuracy, KRI/KPI generations and reporting \\xe2\\x80\\xa6)
• Any additional ad hoc duties that may be required from time to time.

The ideal candidate disposes of:

• Educated to degree level or similar level of experience.
• Previous experience of swap derivatives & forwards transactions in a commodities environment (7 plus years)
• Comprehensive knowledge and understanding of Exchange Traded Products and their Lifecycle
• High technical skills capable of analysing complex trade level data and designing tools and solutions to improve focus of controls.
• Operational risk experience (RCSA exercises, Incident reporting, KRI generation and reporting)
• Understanding of the regulated environment and pro-active in ensuring compliance
• Experience in seeking continuous improvement and willing to learn new subjects and acquire new skills.
• Attention to detail and enhanced critical thinking skills required.
• Effective leader and coach with previous managerial experience.
• Expert communicator (both written and verbal)
• Strong influencer with the added confidence to challenge as appropriate.

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\\xe2\\x80\\x99 Swiss Pension 2nd pillar is fully paid by Glencore.

Who we are:

Glencore is one of the world\\xe2\\x80\\x99s 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 around 140,000 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 40 offices.

Our Purpose is to responsibly source the commodities that advance everyday life. The products we source, and market play an essential role in modern life. From the copper, cobalt and nickel powering the electric vehicle and renewable energy revolution, to the energy products helping us power this transition and keeping the lights on today\\xe2\\x80\\x93 what we do touches every part of life as we know it.

The diversity of our portfolio underpins our strategic ambition to play a leading role in enabling the decarbonisation of global energy usage through providing metals such as copper, cobalt, zinc, and nickel that are essential to the transition to a low-carbon economy. In a first for the mining and trading industry in addressing Climate Change, we launched a net zero total emissions ambition by 2050, which aligns our business strategy with the goals of the Paris Agreement.

Come and join us on our journey to a sustainable future.

Further information and reading

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

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