Glencore, headquartered in Baar, Switzerland is one of the world's leading integrated producers and marketers of commodities that industries around the world need. Glencore has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of metals and minerals, energy products, and agricultural products. We strive to be a reliable and competitive partner in the markets in which we serve and to support our customers and suppliers at each stage of their expansion and development.
Glencore Ltd, a US-based branch of Glencore AG, is a wholly owned subsidiary of Glencore International AG, where it employees approximately 300 people.
2025 Summer Internship - RecyclingAbout the role:Your key responsibilities and accountabilities will be:- End to end management of all aspects of commodity trade operations, which includes, but is not limited to, the below:
- Contract Management Support: Assist in finalizing contractual details with the trading, contract writing, and legal teams. This includes contract review, drafting, and amendment.
- Position Management Assistance: Help in managing both physical and financial positions related to trades.
- Documentation Support: Aid in the preparation, processing, and distribution of required shipping documents, including coordinating import and export clearances, fulfilling customs requirements, sending costs for payment and issuing bills of lading.
- Quality Control Coordination: Assist in managing quality control for trades, coordinating sampling, and assay instructions with surveyors and labs.
- Communication and Coordination: Interface with warehouses, logistics service providers, and internal teams to handle inquiries or issues.
- System Updates: Update the in-house system with trade movement information, payment records, receipt of funds, and business costs.
- Trade Pricing and Hedging Support: run reports to ensure trades are priced/hedged accurately.
- P&L Estimation and Maintenance: Assist in the estimation and maintenance of trade profit and loss statements.
- Month-End Reconciliation: Support the completion of month-end reconciliation duties, including insurance declarations, closing hedging positions, inter-company and inventory reconciliation, and exposure calculation.
- Task Support: Assist other traffic personnel in ensuring all tasks are performed efficiently and effectively to meet deadlines.
- Risk and Cost Assessment: Assist in assessing risk and costs involved in business activities based on the contractual Incoterm.
As the successful candidate you will have experience in, and demonstrate the following:- Pursuing a degree in Finance, Accounting, Economics or equivalent with excellent academic record.
- Strong analysis/writing/planning skills.
- Advanced proficiency with Excel & Word.
- Proactive, detail-oriented, reliable, and good time management / organizational skills.
- Ambitious and entrepreneurial, willing to learn.
- Strong interest in international commodity markets.
Additional information:- This is a paid internship - $23/hour.
- In person office attendance is required in accordance with Glencore's US policy (currently Monday - Thursday).
- Office is located at 330 Madison Ave, New York, NY 10017.
- Intern will be responsible for transport costs to/from the Glencore office.
- Summer 2025 - exact dates TBD.
