Glencore Singapore Pte Ltd is a wholly owned subsidiary of Glencore Plc. and engages in commodity trading, the Singapore office employs approximately 220 staff working from a single site.
Glencore has a role within its Operational Risk team for an Operational Risk Analyst. The successful candidate will be responsible for managing the delivery and development of the function for the Oil marketing division in Singapore. This position will report into the Global Head of Operational Risk who is based in London.
In detail, the position encompasses duties and responsibilities as follows:
- Responsible for managing the Operational Risk controls for Glencore Singapore, including but not limited to:
- Supporting the ongoing development and roll out of the Operational Risk function.
- Ongoing alignment with Glencore's evolving business
- Ensuring that processes/controls relating to the operational administration of trading activity is appropriately documented and potential risks identified
- Monitor, analyze and report output from KRI's and control reports
- Where required, ensure timely escalation to senior management.
- Monitoring of trader activity versus approved mandates
- Perform system, process and control reviews and successfully deliver solutions to remove and address inefficiencies and/or gaps that could lead to risk
- Maintain a pro-active knowledge of organizational developments (new products, markets, systems, processes etc..) ensuring that any potential risk is identified, documented, understood, and appropriately managed.
- Manage the ongoing development of the operational risk framework, controls, and their execution.
- Set high standards of conduct, compliance, ethics, risk management and control. Promote adherence to Glencore's policies and procedures.
- Build and maintain effective relationships with all areas of the business, particularly with Front Office, Compliance, Credit and Risk Managers
- Present MIS to senior stake holders,
- Any reasonable task as directed by the Head of Department
The ideal candidate disposes of:
- Educated to degree level or similar level of experience
- An understanding and appreciation of the key functions of Operational Risk
- Understanding of the role of operational risk within the commodities industry
- Experience in seeking continuous improvement and willing to learn new subjects and acquire new skills
- Attention to detail and excellent problem solving skills required
- Expert communicator (both written and verbal)
- Strong influencer with the added confidence to challenge as appropriate
