Risk Officer - Base Metals
No salary listed
Mid
Bachelor's
Geneva, Switzerland
In Person
Finance & BankingRisk Management
About the job
Requirements
- A university degree is required; a degree in Computing, Mathematics, Engineering, Economics, or Finance is preferred.
- At least 3 years of experience in a similar role in the commodity trading business is required; experience within a major trading house, oil major, investment bank, or hedge fund is preferred.
- Mastery of analytics tools and technologies is required.
- Very good knowledge of Excel and VBA is required.
- Good knowledge of Access and SQL Server is required.
- Fluency in written and spoken English is required.
- French language skills are a plus.
- Ability to work with limited supervision is required.
- Numerical ability is required.
Responsibilities
- Deliver daily reporting of P&L, exposures, and VaR, including explanations.
- Manage daily checks on trade capture, trade integrity, and completeness between desks and the trading system.
- Monitor forward curves and volatilities for accuracy and consistency.
- Provide analytical support to base metals traders.
- Check and assist in capturing and evaluating the risk of complex products.
- Apply risk-reserving methodology to trading P&L.
- Translate trading results into accounting monthly.
- Perform month-end and year-end reconciliations with finance and external auditors as required.
- Improve existing and develop new daily procedures for management reporting, trade completeness, market data, and related processes.
- Liaise with IT, Operations, Credit Risk, Finance, and Front Office.
- Prepare reports and analysis for internal publication and, as applicable, the Management Board.
- For physical base metals, apply knowledge of London Metals Exchange (LME) pricing mechanics, including LME 3M, LME Cash, LME 3rd Wed monthly settlement, and daily rings for different metals; corresponding knowledge of CME and SHFE may also be relevant.
- Perform mark-to-market valuations according to time spreads and arbitrages locked, including LME versus SHFE.
- Perform mark-to-market valuations of different metal grades and quantify and sense-check discounts or premiums.
- Reconcile cost accruals according to delivery locations, locked spreads, and the freight market.
- Work with term contracts and allocation alongside spot deals.
- Handle exchange delivery and warrant trading.
- Understand physical repurchase deals, including distinguishing loans using base metals as collateral from genuine buy/sell trades.
- For paper base metals, understand the granularity and expiry of liquid paper contracts, including LME 3M, Cash, daily and monthly contracts; SHFE monthly contracts; and CME monthly contracts.
- Perform FX hedging when material quantities are done on SHFE.
- Sense-check liquidity risk of long-dated contracts, such as a one-year forward contract.
Desired Qualifications
- Experience in a similar commodity trading role within a major trading house, oil major, investment bank, or hedge fund.
- French language skills.
- Knowledge of CME and SHFE pricing mechanics in addition to LME.
About the company
Gunvor moves physical energy, metals, and bulk materials from where they are produced to where they are needed most. The company operates by sourcing these commodities and using its own network of refineries, pipelines, and storage terminals to manage the logistics of the global supply chain. Unlike many competitors that focus solely on trading, Gunvor invests heavily in industrial infrastructure and upstream assets to gain direct control over the movement and processing of goods. Its goal is to create sustainable value for customers by providing efficient and safe transport solutions for essential global resources.
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$8.3B
Headquarters
Geneva, Switzerland
Founded
2000
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Simplify's Take
What believers are saying
- Gunvor's first-half 2026 profits jumped 644% on volatility, showing exceptional trading leverage.
- LCIA ordered PGN to compensate Gunvor for nine LNG cargos, strengthening cash generation.
- Gunvor's broad bank support in June 2026 signals lenders still fund its growth aggressively.
What critics are saying
- Swiss prosecutors searched Gunvor's Geneva office in June 2026 over foreign-bribery allegations.
- The Rotterdam storage blast killed one worker in August 2026, intensifying operational and liability exposure.
- Gunvor's 2025 net profit collapsed 85% to $104 million, threatening talent retention and credibility.
What makes Gunvor unique
- Gunvor's 2026 management buyout created employee-owned control and installed Gary Pedersen as CEO.
- Its trading platform secured $1.366 billion Singapore RCF and $2.34 billion U.S. borrowing base.
- Gunvor now combines commodity trading with physical assets, including Bilbao's 785-megawatt BBE plant.
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Benefits
- Professional Development Budget