The Head of Valuations role in Glencore's Risk Management department is located in Baar and oversees the Valuation function for Metals and Coal Marketing activities.
To effectively deliver independent control, the Valuation function requires diverse technical product knowledge to maintain functional separation of the valuation process between risk-taking units and control units.
This role contributes to driving performance and influencing best practices across change strategies as a representative of the Global Risk Leadership team.
The role holder functionally reports to the Metals and Coal CRO.
Key Accountabilities
* Develop and manage the Valuations function, including policy origination and adherence, operating framework and stakeholder management.
* Team management as the function matures, directing the team through change and transformation challenges, supporting prioritizations while maintaining a focus on risk and controls initiatives.
* Develop and productionise valuation practices, including compliance with relevant accounting standards; establishing quantitative thresholds across trading portfolios, breach procedures and adjustments cycles that are relevant to reporting periods.
* Contribute to the New Business approval process across valuations, defining procedures for initial pricing, valuation adjustments, observability, and reliability of inputs.
* Develop the suite of valuation reporting for relevant stakeholders and committees.
* Represent the function within broader strategic initiatives to ensure valuation requirements are represented and appropriately prioritized.
* Accountable for periodic review and attestation of the design and operating effectiveness of the valuation control framework and drive risk mitigation remediation.
* Demonstrate a culture of independent control and constructive challenge in a complex environment.
* Balance stakeholder needs and expectations and develop a culture of cross-departmental collaboration.
* Support the timely closure of internal and external audit points.
Key Skills and Education
* 10-15 years' experience in valuation control or a related function within a trading or financial services environment.
* University education in Mathematics, Economics, or a related field.
* Masters in Financial products would be advantageous.
* Extensive experience in valuations, product control, or a related field, with a proven track record in an influential leadership role.
* Strong understanding of financial instruments and complex trading strategies.
* Knowledge of accounting principles, standards, and regulations would be advantageous.
* Excellent organizational skills, demonstrated experience in managing projects of various sizes and complexity.
* Excellent communication skills, including strong presentation skills.
Benefits
* We provide benefits that promote mental, physical, and financial well-being, including healthy meal options and free use of the in-house gym.
* We reimburse public transport costs for commuting to work or offer free parking space.
* We offer tuition assistance for further education and training courses.
* We have a competitive parental leave policy, with childcare benefits including emergency childcare services and financial assistance towards daycare costs.
* Employees' Swiss Pension 2nd pillar is fully paid by Glencore.
About Us
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.
We produce, process, recycle, source, market, and distribute the commodities that support decarbonization while meeting the energy needs of today.
With over 150,000 employees and contractors and a strong footprint in over 35 countries, our marketing and industrial activities are supported by a global network of more than 50 offices.
We are 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 decarbonize our own operational footprint.