Graduate Opportunities - Risk Management / Operations (Commodities Trading)
at Glencore

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.

Our customers around the world operate in a wide range of industries such as oil, automotive, power generation, steel production and food processing. They rely upon our established global network for supply of metals and minerals, energy products and agricultural products.

These commodities either originate from Glencore's own production assets or are sourced from third parties.

The Group also provides financing, logistics and other supply chain services to producers and consumers of commodities.

In our marketing operations we directly or indirectly employ almost 3,00000 people worldwide in some 50 offices across 40 countries. In our industrial operations we directly or indirectly employ over 58,000 people in over 30 countries.

London is the headquarters of Glencore's oil business which includes Glencore UK the trading of various products including oil and gas. Glencore also has upstream investments in oil production.


We are looking for exceptional graduates who demonstrate a strong interest in commodities trading and who thrive on logistical challenges and providing practical solutions to complex problems. Numerical ability is fundamental as is the ability to work in a highly pressured and fast paced environment. We look for people with language skills and cultural awareness because diversity of people is very important to us.

Our approach necessitates a long term and thorough learning discipline. We encourage movement between teams and seek candidates who are proactive and will flourish in a highly successful environment that lacks rigidity; our graduate opportunities are reflective of this culture.

Our intention is for graduates to eventually become front line traders should they show suitable aptitude. Glencore is offering up to 6 graduate vacancies in its London office in 2013, which involve a series of real roles including operations and risk management. Both roles are exceptionally hands on and are critical stages in the development of a successful trader.


Our operators work alongside our traders from inception of trade and are responsible for the complete management of logistical and financial elements of each contract. This involves checking contracts, ensuring relevant financial documentation is in place, issuing instructions to our suppliers, voyage/discharge instructions and scheduling lifting's and deliveries. As you monitor the progress of each voyage it will be necessary to work closely with both the Finance and Chartering teams in order to maximise the commercial value of each transaction.


Our risk managers work closely with our traders and operators from day one, learning skills from our highly experienced and knowledgeable staff.

Risk Management involves maintaining physical and derivative trades in our reporting systems, assessing the accuracy and validity of mark-to-market, reporting positions and profit and loss, providing analysis where necessary and monitoring pricing exposure, ensuring that hedging is executed in line with our trading teams' requirements. Accuracy, confidence and exceptional analytical skills are key attributes in this area of our business.

To apply for a Graduate position at Glencore you must meet the following initial selection criteria:

  • Minimum 2:1 Honours degree; or
  • A minimum of 340 UCAS points or equivalent based on your top 3 grades
  • GCSE Maths and English Language at a minimum of grade B
  • Fluency in English


Looking beyond academic success, demonstration of exceptional achievement in a commercial environment will be viewed positively


Please submit your CV and cover letter to by 31st October 2012.

Your CV should demonstrate the following:

  • Entrepreneurial flair, commercial innovation and initiative
  • Passion and determination to succeed in a competitive environment
  • Exploring opportunities to generate additional value
  • How you have solved complex problems
  • How you have encouraged and inspired others
  • What you expect from Glencore to develop your career and meet your aims
  • Any references you feel will support your application

Glencore are working in partnership with Smart Global Trading Limited in this recruitment exercise.