Hedge Unit Team Member

☞ Glencore

View: 145

Update day: 24-04-2024

Location: Baar Zug ZG

Category: Executive management Production / Operation

Industry: Industrial Machinery Manufacturing Staffing Recruiting Human Resources Services

Position: Entry level

Job type: Full-time

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Job content

  • Glencore Headquarters
  • Baar, Zug, Switzerland
  • Zinc/Copper Department
We are looking for a motivated Hedge Unit Team Member to join our Zinc/Copper team at our headquarters in Baar. In this position, you will prepare the daily cards for the LME traders, support the traffic team and deal with brokers.

The role

  • Daily handling of metal and FX hedges, including collection of physical pricings and preparation of daily hedge instructions; booking contractual pricings and futures trades into the system and maintaining/controlling London Metal Exchange (LME) positions
  • Controlling of Price Risk Management accounts for other group companies by co-ordinating hedge orders, positions and settlements with traffic people at headquarters in Baar and in various field offices on a daily basis
  • Reconciliation of the LME positions on a daily and monthly basis with the brokers and issuing daily clearing instructions
  • Agreeing and settling Broker Difference Accounts on a daily basis
  • Pricing precious metals and placing hedge orders on the London Bullion Market
  • Preparing monthly accounts for bookkeeping, covering the review and check of the closing period, issuing Difference Accounts for hedged contracts and agreeing profit and loss account with LME trader

Our ideal person

  • Driven and flexible working style
  • Can-do attitude with a strong ability to adapt in a constantly changing environment
  • A good team player, eager to learn and able to work under pressure
  • Disposes of efficient and well-organized working skills as well as a good knowledge of using MS Office tools
  • Figure-minded

Minimum Requirements

  • Solid educational background and a few years of work experience in an international as well as multicultural environment
  • Strong IT skills / advanced knowledge of Excel. VBA skills is an advantage
  • Fluent English (spoken and written)
  • Current SWISS B/C Permit or passport holder of EU

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.
  • We provide tuition assistance for further education and training courses.

Who We Are

Glencore is one of the world’s largest natural resources companies. Our operations comprise around 150 mining and metallurgical sites and oil production assets, employing 135,000 people directly and as contractors around the world.

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– 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:

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Deadline: 08-06-2024

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