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    Manager, Commodity Risk Management - Westchester, United States - Ingredion Incorporated

    Ingredion Incorporated
    Ingredion Incorporated Westchester, United States

    3 weeks ago

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    Description


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    locations

    Westchester, IL

    time type

    Full time

    posted on

    Posted 5 Days Ago

    job requisition id

    Req-24086

    The

    Manager, Commodity Risk Management, within the Front Office Hedge Desk,


    will be responsible:

    Core Responsibilities:

    Position Management:
    Ensure accuracy of head product contracts, corn, feed, meal and oil volume positions.

    For approximately $900 million annually in corn procurement and agribusiness sales, manage and execute the daily hedging process, including hedge placement, for corn and coproducts for US/Canada according to the approach defined by Commodities Leadership.

    Manage futures/cash corn ownership and agribusiness position to obtain desired hedge ratio targets.

    Ensure the process of placing and lifting hedges is operating efficiently, in coordination with physical corn procurement and agribusiness sales, and in accordance with the Commodities Policy.


    Analysis:


    Ensure the accuracy of commodity & agribusiness forecasts, sales obligations for corn & agri-products, physical & derivative positions & price curves inputs to the Net Corn Commodity Risk process.

    Based upon the outputs from the Net Corn Commodity Risk process, recommend risk mitigation actions to ensure compliance with established risk metrics.

    Analysis & recommendations shall include insights to support the US/Canada Commodity Committee.

    Forecasting:


    Lead the gross corn forecast process across for all grain types and s support development of gross / net corn forecasts on a real-time-basis as well as for Goal and Latest Estimates.


    Information Systems:
    Act as SME on systems / data flows that are inputs into the risk management matrix.

    Knowledge of CTRM systems / Triple Point / AgTech / SAP / BW / PowerBI / Azure Data Lake would be advantageous.

    Support the execution of the Risk Management Strategic initiative and the implementation and management of the associated digital solutions.
    Commercial & Customer –

    Hedge Desk Interface:
    Due significant volume of Commercial Agreements known as

    Customer Directed,

    this role shall be the primary point of contact for both the Commercial Team and Customers for

    Customer Directed

    volumes.

    The resulting hedging decisions & allocation of hedges will be made based upon the risk position, risk metrics & physical basis positions.

    Front Office – Supply & Marketing:


    Support Front Office (Supply & Marketing) as required to obtain, organize, and review rail corn documentation for Argo / Winston rail shipments and input information into the GrainSmart system.

    Process rail corn advances and resolve payment issues as needed.

    Front Office – Hedge Desk:

    Backup for Hedge Desk:
    Provide back-up coverage for the Hedge Desk role. Call in and document trades, update the CornSmart Access database, and complete daily, weekly, and monthly reports as needed.

    Qualified candidates will have:
    Bachelor of Science degree in Agricultural Economics, Finance, Mathematics, Statistics or other quantitative field with relevant work experience.

    5-10+ years of work experience in grain or oil seed merchandising industry and /or similar experience managing financial derivative commodity positions that would include knowledge and understanding of commodity futures & physical transactions, record keeping, and grain accounting.

    Experience in commodities risk management, daily P/L reporting, marked-to-market, VaR reporting and the statistical methods that support them.
    Demonstrated strong analytical capability including the ability to analyze commodity data and formulate conclusions regarding its impact on performance.
    Ability to work in an environment where workflow is unpredictable and demands flexibility, adaptability, and team oriented interaction.
    Strong communication and presentation skills including the ability to communicate effectively to all
    levels of the organization and customer base.
    We are an equal opportunity employer and value diversity at our company. Ingredion seeks to provide a work environment that is free from harassment and discrimination.

    We will not tolerate any form of discrimination based on race, color, religion, age, gender, gender identity, gender expression, national origin, ancestry, handicap or disability—mental or physical—marital status, sexual orientation, veteran status, disability resulting from military service, or any other classification protected by law ("protected classifications").

    We are committed to establishing and maintaining a work environment where everyone is treated with dignity and respect.

    Relocation Available:
    No

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    Manager, Commodity Risk Management Front Office

    locations

    Westchester, IL

    time type

    Full time

    posted on

    Posted 30+ Days Ago
    Ingredion

    is a leading global ingredients solutions company.

    We make sweeteners, starches, nutrition ingredients and biomaterials that are used by customers in everyday products from foods and beverages to paper and pharmaceuticals.

    We turn grains, fruits, vegetables and other plant materials into ingredients that make crackers crunchy, candy sweet, yogurt creamy, lotions and creams silky, plastics biodegradable and tissues softer and stronger.

    Our innovative ingredient solutions help customers stay on trend with simple ingredients and gluten-free or high-fiber foods that appeal to today's consumers.

    Grounded in our values


    of Care First, Be Preferred, Everyone Belongs, Innovate Boldly and Owner's Mindset, we employ approximately 12,000 employees around the world.

    Our customers operate in more than 120 countries and represent 60 diverse sectors, including food, beverage, paper and corrugating, brewing and other industries.

    Introduce Yourself

    Don't see the dream job you are looking for? Share your contact information and CV/Resume - we will reach out for exciting career opportunities
    Diversity, Equity, and Inclusion

    We understand that to progress our Diversity, Equity and Inclusion

    (DEI) journey, we must be intentional and focused on our culture, measure our improvements, identify our opportunities and seek partnerships that make a difference. Through this work, we are fostering a company full of high-performing teams and bringing a global mindset to everything we do.
    Please ask your Ingredion connection about our Employee Referral Process

    #J-18808-Ljbffr

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