PRICE RISK MANAGEMENT/COMMODITY TRADER
We are looking for a Commodity Trader who is an expert for commodity hedging via financial derivatives. You will provide maximum leverage to the organization with regards to price risk management of Danone commodity exposure. This is a challenging role, are you ready for that? If your answer is yes, apply today!
About the Job
Danone Cycles & Procurement are shifting our focus in procurement to fully support our “One Planet, One health” purpose. This change contains improving our ways of working on a variety of areas like Sustainability, Business Partnering, Supply Management, Procurement Excellence, and Digital Innovation.
In this role, you will be responsible for hedging execution of OTC swap and options markets, within a mandate aligned with CPRM Manager, relevant Finance, Category and Business stakeholders. You will Deliver and maintain a risk management dashboard (exposure, positions report, coverage, performance against a benchmark, Budget impacts, Risks & Ops); review and challenge price forecasts with the Market Intelligence team.
You will report to the CPRM Manager and your key missions will notably include:
• Provide Risk Management Strategies & Coverage recommendations
─ Give market insights, benchmark, analytics (back trading simulations of different models) to support the design of risk management policies.
─ Develop coverage recommendations to CPRM and Category teams.
─ Identify opportunities to change supplier contract terms (indexes & lags, etc.) to increase our financial hedging capability.
─ Explore hedging tools beyond OTC swaps and options.
• Calculate and track commodity risk exposure; build relationships and commitment with stakeholders across the business to implement new risk management policies;
• Manage relationships with banks;
• Measure hedging performance vs benchmark and propose actions to correct sub-optimal behaviour, if any;
• Partner with Market Intelligence team to analyze market trends and support price forecasting;
• Monitor compliance of our financial positions with risk management policies and with hedge accounting rules (IFRS9);
• Conduct risk education, financial derivatives usage and promotion of risk management approach across the business on an ad-hoc basis.
To be successful in this role, you have a Master Degree, ideally with a deep knowledge of Procurement or Trading environment, analyzing global commodity markets, building technical analysis and forecasting models, using financial tools to mitigate price risk. You a great networker who can build relationships with key internal (Category, Market Intelligence, Controlling, Treasury) and external stakeholders.
We will welcome an open-minded, reliable, proactive and team-oriented person. Strong communication and technical skills are required to connect to other finance teams and manage financial forecasting and procurement complexity.
Working here you’ll need to enjoy a fast-paced, complexity and it can get a little challenging. But it’s packed with opportunities. You’ll work with some of the best-known brands in the world, such as Evian, Nutricia, Activia and Nutrilon and we guarantee that you can just be yourself. Be innovative and entrepreneurial and the impact you could make might just amaze you. Join our movement for a healthier world. One Planet One Health BY YOU.
We are proud to be an equal employer. We are convinced our differences make the difference and that an inclusive working environment will drive our growth as a business, as teams and as individuals. We will therefore consider all applicants for employment* fostering an inclusive working culture that is accessible for all.
Did you know that as a B-Corp certified company, Danone Benelux meets the highest verified standards of social and environmental performance, transparency, and accountability?
At Danone, we offer a complete package of benefits, with a competitive primary salary and yearly bonus, but also benefits like a premium free pension, 30 days annual leave and several discounts on a collective health insurance and even on some of our products.
Hit the “apply now”. To comply with GDPR, we cannot process your personal data without given consent. Therefore, we strongly recommend applying directly via our careers website.
Need more information? Please contact me Giorgia Calabria, Talent Manager Finance Benelux, Giorgia.firstname.lastname@example.org
* All applicants will be considered for employment without attention to race, colour, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.