Ready to build a rewarding career in an industry that is transforming the future?
Who We Are
We are Vale Base Metals – a global supplier of the critical minerals transforming the future. With industry-leading reserves of copper and nickel in Canada, Brazil, and Indonesia, and state‑of‑the‑art infrastructure in the U.K., Canada, and Japan, VBM delivers a secure and responsible supply of high‑quality products to customers across Europe, the Americas, and Asia. Global demand for critical minerals is growing exponentially. From energy to aerospace, batteries to magnets, robotics to artificial intelligence, a secure and responsible supply of critical minerals is fundamental to power modern technologies. At Vale Base Metals, we are transforming our business to provide a secure and responsible supply of these minerals. Join our diverse team of 13,000 talented individuals committed to providing mineral security to a world in transition. We invite you to put your skills to work, driving meaningful and enduring change while enjoying a rewarding career.
The Opportunity
We are currently seeking a Specialist, Market and Credit Risk in Saint‑Prex, Vaud, Switzerland. This permanent position leads core credit and market risk monitoring activities, ensuring accurate tracking, analysis, and escalation of exposures and limits. The Specialist supports risk strategy and policy implementation, conducts complex counterparties and portfolio analyses, and provides actionable insights to senior management. The Specialist contributes to hedging valuation, stress testing, and risk mitigation across trading, structured finance, and insurance frameworks, leveraging advanced analytics and promoting a strong risk‑aware culture across the organization.
Market Risk
Establish and maintain market risk policies, limits, and governance, covering approved instruments, valuation and pricing standards, reconciliation controls, and escalation of breaches.
Lead analysis and monitoring of market exposures and hedging activities across commodities, FX, and interest rates, including mark‑to‑market valuation, sensitivities, hedge effectiveness, and independent verification of risk metrics across physical and financial positions.
Conduct scenario and stress testing, including extreme but plausible market conditions, to assess resilience of exposures and proactively manage liquidity impacts related to margining and collateral.
Review key commodity risk drivers, including volatility, basis risk, structural features, and embedded optionality, to support informed and forward‑looking risk decisions.
Commodity Trading / Structured Finance / Advance Payment Risk
Provide independent credit and counterparty risk assessments for commodity trading, structured finance, and advance payment arrangements, ensuring alignment with risk appetite, limits and governance requirements.
Analyze structural and scenario risks (price shocks, delivery failures, defaults) and quantify downside exposure across trading and pre‑financing transactions.
Design, monitor, and escalate appropriate risk mitigants, including collateral, guarantees, insurance, and contractual protections.
Credit Risk
Lead global credit risk monitoring, reporting and limit management across counterparties, banks, and portfolios, focusing on concentration, wrong‑way risk, and emerging exposures.
Perform in‑depth financial analysis and portfolio stress testing of complex counterparties, supported by automated early warning systems and watchlists.
Recommend and manage credit risk mitigants (collateral, insurance, covenants), balancing risk protection with liquidity, working‑capital efficiency and growth objectives.
Deliver integrated risk reporting, KRIs and forward‑looking insights to senior management to support strategic decision‑making.
Drive risk technology, automation and analytics enhancements to improve forecasting, valuation and early risk detection.
Promote a strong risk‑aware culture, support strategic initiatives, and provide functional guidance to develop consistent, high‑quality risk capabilities across the organization.
About You
Education
Undergraduate degree in a relevant discipline is required.
CFA, FRM, CPA (Preferred).
Experience
8‑15 years of experience in the field.
Skills
Proven experience managing and monitoring large, enterprise‑wide complex credit portfolios, including banks, trading counterparties and structured/advance payment exposures, with clear ownership of limits, escalations and mitigation.
Hands‑on understanding of commodity, FX and interest‑rate risk, including derivatives, mark‑to‑market valuation, hedging effectiveness and scenario/stress testing, addressing model limitations, assumptions and uncertainty.
Demonstrated ability to challenge commercial and trading decisions, assess complex and non‑standard structures, and recommend practical risk mitigants while balancing growth objectives and risk appetite.
Comfortable analyzing $1B+ exposures, identifying concentration and wrong‑way risk, and forming well‑reasoned, defensible conclusions that balance commercial priorities and risk considerations under uncertainty and time pressure.
Ability to translate complex risk analysis into clear, actionable insights for senior management and executives; confident presenting judgment‑based recommendations, articulating trade‑offs and escalating issues as appropriate.
Acts as a trusted risk adviser; provides coaching, quality review and guidance to analysts while setting consistent, well‑reasoned judgment standards supported by the corporate risk‑management framework and governance requirements.
Demonstrates professional skepticism, accountability and composure in high‑pressure environments; visibly promotes a strong, independent risk culture.
What We Offer You
Competitive compensation including a variable annual incentive plan.
Participation in a competitive Defined Contribution Pension package.
Comprehensive benefits package (company‑paid core coverage, health and dental coverage, flex accounts, disability plans and optional insurances).
Leave for all of life’s reasons (vacation, personal, sick, parental).
Work culture dedicated to safety, diversity & inclusion, and career growth.
Employee Family Assistance Program.
Online training and career development opportunities.
Equal Opportunity and Diversity
Inclusion is central to Vale Base Metals. All employees are encouraged to be authentic, to voice ideas and opinions, and to respect diversity of identity. All cultures are respected and perspectives are valued. Vale is an equal‑opportunity employer that seeks to increase diversity across its operations. Accommodation is available throughout the recruitment process for applicants with disabilities.
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