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
Who We Are
Glencore is one of the world’s 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 over 150,000 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 50 offices.
Glencore’s customers are industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.
Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals. We are an active participant in the Extractive Industries Transparency Initiative.
We will support the global effort to achieve the goals of the Paris Agreement through our efforts to decarbonise our own operational footprint. We believe that we should take a holistic approach and have considered our commitment through the lens of our global industrial emissions. Against a restated 2019 baseline, we are targeting to reduce our Scope 1, 2 and 3 industrial emissions by 15% by the end of 2026, 25% by the end of 2030, 50% by the end of 2035 and we have an ambition to achieve net zero industrial emissions by the end of 2050, subject to a supportive policy environment. For more information see our 2024-2026 Climate Action Transition Plan and the About our emissions calculation and reporting section in our 2023 Annual Report, available on our website at glencore.com/publications.
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