Job Description

Economist - Energy and Commodity Analyst


Why Explore

• An opportunity to utilise your accrued public or private knowhow and apply in an exciting and growing sector! Work in the company’s centre of excellence for analysing commodity markets
• Help drive our economic analysis in support of our capital allocation program
• Based in Singapore Global Commercial Hub, with visibility and accessibility to decision makers and senior stakeholders
• Location flexible across Singapore and Australia

About us The Economics department is part of Rio Tinto’s central finance function and reports to the Group CFO. Its objective is to “add shareholder value by using best-practice economic analysis to deliver industry leading insights into the global economy (with a focus on China and India) and future long-term trends in commodity markets. It is accountable for the recommendation of long run PEG prices used for Group valuations and investment decisions.

About the role We are recruiting for the role of Economist - Energy and Commodity Analyst. This role will support the delivery of Rio Tinto’s long-term outlooks and price forecasts for energy markets and other key commodities including iron ore, copper, aluminium, etc. The role will collaborate with other Economics team members, as well as personnel in sales and marketing, planning, strategy, and investment functions to ensure all Rio Tinto’s financial assumptions and decisions are consistent with the group’s long-term commodity price forecasts.
Reporting to the General Manager Economics, you will:

• Provide Rio Tinto independent long-term economic analysis into energy and commodity markets
• Work with other commodity analysts and consultants in a Project Team culture to undertake primary research into energy and commodity markets across various geographies with a focus on unearthing early insights relevant to Rio Tinto
• Clearly explain economic analysis, primary research, and business implications to the Economics department’s Management Team
• Collaborate with peers and relevant experts across Rio Tinto’s sites and product groups to build awareness of the Economics department’s energy and commodity outlooks and gather relevant data and feedback
• Collaborate with stakeholders across planning, strategy, and investment functions to ensure Rio Tinto’s strategic and financial decisions are consistent with the long-term outlook for energy and commodity markets
• Develop Rio Tinto Economics intellectual asset base with new forecasting models and methodologies for evaluating energy and commodity markets
• Apply best practice economics to develop systematic and user-friendly forecasting models and methodologies
• Help modernise the department’s current asset base of forecasting models and methodologies
• Own a professional training and development plant ot continuously improve personal effectiveness, knowledge, and capability

What you will need for the role To succeed in this role, you will have:

• Bachelor Degree in Economics or equivalent as minimum.
• Minimum five years of work experience as an economist
• Fluency with econometric and statistical software, familiarity with Python and other programming languages, familiarity with energy market models and software
• Ability to understand and interpret how thematic research done by other Economics team members in various geographies should be incorporated into the Groups outlook for commodity markets
• experience in in energy markets, the outlook for and impact of renewable electricity, other emerging non-conventional fuels like biofuels and synthetic fuels and carbon markets
• Ability to conduct primary research
• Ability to build and maintain effective relationships across all levels of the business, sufficient to be able to influence strategy at a senior level
• Excellent verbal and written communication skills, including the ability to communicate effectively with non-specialists both face to face and remotely

It will be good if you have:

• A background in public and economic policy research will be an advantage

What we offer

• A work environment where safety is always the number one priority
• A permanent position working directly for Rio Tinto
• A competitive base salary reflective of your skills and experience with annual incentive program
• Comprehensive medical benefits including health insurance for employees and immediate family
• Attractive share ownership plan
• Company provided insurance cover
• Career development & education assistance to further your technical or leadership ambitions
• Leave for all of life’s reasons (vacation/annual, paid parental, sick leave)

Creating an inclusive and diverse workforce
We are a diverse team of talented, enthusiastic individuals who foster a culture of inclusion. No matter how they may differ, our people share one thing in common. It’s a belief that work is more rewarding when we are accepted and valued for our differences, not judged by them. We all have something to contribute, and it’s this contribution that makes for a great organization and fulfilling career.

Application Deadline: 29th August 2022

Please note, in order to be considered for a role you must complete all pre-screening questions.
“Rio Tinto reserves the right to remove job postings prior to the stated closing date, therefore, if you are interested in applying for this vacancy please submit your application as soon as possible.