Job Description

Job highlights

Full time
Johannesburg, Gauteng, South Africa
Product Control

Job ID

R200001291

Closing date

24/09/2025

Last Updated

17/09/2025

Product Risk Team Lead

Risk Department

Melrose, Johannesburg

We are looking for a motivated team leader to join our Risk Department. The ideal candidate will be actively involved in periodic tasks, and lead and develop the growing Product Risk team based in our office in Melrose, Johannesburg.

Responsibilities

Daily and Monthly Reporting
Daily P&L Reporting: Generate accurate and timely daily Profit and Loss (P&L) reports. This includes detailed P&L attribution and commentary to explain key drivers and variances, providing insight for traders and senior management.
Position Reporting: Produce daily position reports with breakdowns by strategy, region, and instrument. Deliver clear analysis and commentary on position movements.
Month-End Reconciliation: Collaborate with the accounting team to reconcile month-end P&L. Investigate and resolve discrepancies as needed.
Production of ad-hoc management reports and analysis
Daily coordination with Product Risk team in the Headquarter

CTRM (Commodity Trading & Risk Management) System Oversight
System Maintenance & Integrity: Collaborate with relevant functions to maintain data quality and integrity within the CTRM platform.
Enhancement & Testing: Liaise with IT and front office to support system enhancements, conduct UAT (User Acceptance Testing), and implement improvements to streamline workflows.
Issue Resolution: Act as a key contact for troubleshooting system issues, coordinating with relevant teams to resolve data and functional inconsistencies promptly.

Team Management

Lead and support the growth and development of 3-5 team members: providing coaching and mentoring to the team
Provide constructive feedback on the team's performance.
Lead, coach, and motivate team members to achieve individual and team targets.
Foster a collaborative, inclusive team culture
Manage daily workflows, schedules, and project deadlines
Report on team progress and challenges to management.

Continuous Improvement

Identify opportunities for improvement and automation in all periodic tasks performed by the team
Strategic Projects: Assist in the execution and supervision of ad-hoc strategic projects and business initiatives, such as new commodity onboarding, regulatory compliance reviews, or risk framework enhancements
Cross-Desk Support: Participate in cross-training initiatives to build understanding across multiple metal trading desks. Provide support coverage during staff absences or business transitions

QUALIFICATIONS:

Relevant NQF Level 7 Qualification in Data Science or Information Systems.
CA qualification would be preferred.
Advanced degrees or certifications such as CFA or FRM are a plus.

WORK EXPERIENCE & SKILL REQUIREMENTS:

At least 5 years of experience in a product risk/risk management/middle office of which at least 3 years should be in a team lead role.
Preferably in a trading company or financial institution.
Experience within data analytics environment
Extensive IT knowledge (MS Office Suite, Excel, Power BI), flair for figures, paying attention to detail, and willingness to learn new system applications
Adaptable, dynamic and organised with a positive and enthusiastic attitude
Take initiative in resolving issues in a structured methodical manner
Good Team Player that interacts well with a team
Strong sense of responsibility and ownership and attentive to detail, in a fast-moving environment
Willing to learn and share knowledge
Pro-active, accountable and self-motivated
Excellent verbal and written communication skills in English, both written and spoken
Keen interest in commodity risk management, process automation, internal control, efficiency and improvement.

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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