Commodity Risk Director

Title : Commodity Risk Director

Reports into Kai Strasse

Location: 100VE London

Work Level : WL3X

Job Purpose:
Manage direct and embedded packaging / energy / palm commodity price risk as part of the commodity risk management group.
• Devise risk management strategies for max risk mitigation and P/L benefit.
• Provide market analysis and risk assessment to internal stakeholders.
• Continue to improve the CRM systems-, reporting-, and analytics infrastructure.

Key Responsibilities:

• Conduct fundamental research and analyze trends in and related markets and provide price forecasts for all materials under scope – generate insights from all known sources and communicate to the business and CRM group.
• Formulate and implement strategies to address the business risk exposure under all aspects of price, duration, and volatility.
• Show diligence in the reporting accuracy of coverage, and work with middle office and operations teams to drive for timely and accurate reports. Challenge the status quo and own your portfolio.
• Lead in the expansion of the portfolio and explore proxy hedging through related commodities.
• Partner with procurement buyers and provide guidance in the physical procurement process, supplier negotiations, and contracting.
• Provide support to internal stakeholders and management in communicating market outlook and risk potential.
• Develop a strong industry network with suppliers, traders, and gather intelligence from market reports.
• Engage business stakeholders to communicate the view of CRM and the strategy. Show curiosity to understand the business context in each market and provide relevant solutions.
• Spearhead CRM infrastructure improvement through in-/external project management (reporting, quantitative modelling, consulting, etc.).

Key Challenges:

• Relaying complex information on markets, strategy, and price forecasts to key stakeholders in an easy-to-understand format.
• Providing risk management solutions for Unilever’s diverse business needs and risk profiles given the lack of liquid hedging products.
• Searching for opportunities to expand the scope of Commodity Risk Management both in terms of tools used and scope. This will involve a commitment to a high degree of diligence and research.

Professional Skills:

• In-depth market knowledge and experience in a range of commodity markets, ideally with a focus on resins, industrial metals, energy, and agriculture.
• Highly numerate with strong excel skills and interest in fundamental and quantitative analysis.
• Clear communication and team leadership skills with ability to condense complex market knowledge into simplistic information.
• High achieving, independent individual with strong problem-solving skills and entrepreneurial spirit.

Experience Required:

• University degree in Economics, Finance, Engineering
• At least 5 years’ experience in Trading, Research, and/or Procurement

Travel:

Limited travel may be required.

What We Offer

Not only do we offer a competitive salary and pension scheme, we also offer an annual bonus, subsidised gym membership, a discounted staff shop and shares. You’ll have the opportunity to work directly with our renowned and exciting brands in a flexible and hybrid working environment.

Whilst the role is advertised on a full-time basis, we would be happy to discuss possible flexible working options and what this may look like for you. We are a key advocate of wellbeing and offer a variety of support for our people including hubs, programmes and development opportunities. We strive to achieve a family-friendly and inclusive workplace and to, above all, create possibilities for all.

Diversity at Unilever is about inclusion, embracing differences, creating possibilities and growing together for better business performance. We embrace diversity in our workforce. This means giving full and fair consideration to all applicants and continuing development of all employees regardless of age, disability, gender reassignment, race, religion or belief, sex, sexual orientation, marriage and civil partnership, and pregnancy and maternity. We are also more than happy to provide reasonable adjustments during our application and interview process to enable you to be present your best self. To find out more, including about our Employee Resource Groups, please click here Equity, Diversity & Inclusion at Unilever | Unilever.

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