Head, Risk and Commodity Finance, Americas

Location:

Chicago, US, 60654

At Barry Callebaut, we are on a journey to transform the cocoa and chocolate industry. As the world’s leading manufacturer of high-quality chocolate and cocoa products, our actions truly shape the future of our industry. We are a business-to-business company, serving the entire food sector, from the cocoa bean to the finest chocolate product. We are a company with a purpose, we believe in doing well by doing good and reinvesting in the communities we operate. We have a long-standing commitment to sustainability and our goal is to shape a sustainable cocoa and chocolate future. We are headquartered in Zurich, and have more than 12,000 passionate Employees working in more than 40 countries worldwide. We are very proud of who we are and what we do. And of course, we are always looking for talented people to help us have a positive impact on our industry and beyond!

About the role:

Barry Callebaut is a global organization poised for growth; a company that has embraced the vision to delight its customers while out-performing its competitors, a business that is committed to sustainability, has innovation in its DNA, is a leader in complex manufacturing and supply chain solutions and is focused on being a best-in-class employer. Barry Callebaut seeks diverse and passionate people who thrive in a dynamic environment, focused on continuous learning, living BC’s Values, and of course, loving chocolate.

Our business exposes us to various market risks, particularly changing cocoa- and non-cocoa raw material prices. This position is accountable for monitoring the market risk in our American processing and sourcing entities and analyzing and reporting our regional cocoa valuation and trading profits. Reporting to the Head of Group Risk Management, this position will work closely with the regional sourcing teams, the Finance BP Global Sourcing, and the regional finance teams.

Key responsibilities include:

Ensure a complete and correct commodity position as a basis for hedging decisions and for the position valuation:

o Analyze daily and monthly position moves from contracting and processing with the sourcing teams

o Ensure that positions are correctly reflected in source systems (SAP and Polomas) and risk systems. Participate in the design and UAT of IT projects that impact the risk position and valuation

Support and challenge the sourcing and pricing teams:

o Review positions and hedging strategies in regular review meetings. Frequency depends on the size and complexity of the position and entity

o Assess the potential risk of new instruments and business activities

Analyze the monthly cocoa trading profits and valuation in the sourcing- and chocolate business:

o Sense check the result, and analyze the drivers (positions and market moves, new contracts etc.)

o Work on the continuous improvement of the valuation model together with the Finance BP and the Group Accounting team

Prepare and lead business reviews of the local cocoa trading and sourcing business with regional- and group management

Monitor regional limit compliance

About you:

● University Master’s degree in Finance (ideally with a quantitative focus)/ Economics or similar education

● Market risk management education (e.g. FRM) is a plus

● 6+ years of experience in commodity risk/valuation/finance in a sourcing or trading environment

● Experience in financial risk and P&L analysis for commodities

● Experience with option valuation and option risk management is a plus

● Strong MS Excel skills

● SAP BW and Power BI is a plus

● Technical credibility to support and challenge the regional sourcing teams: Understand risk, hedging and P&L drivers of physical commodity trading/sourcing activities

● Strong communication skills to explain key risks and commodity P&L to finance and sourcing teams

● Big picture overview of processes and systems to identify key P&L risks in the value chain and to ensure a consistent position and valuation logic

● High integrity and team player

What you can expect from Barry Callebaut:

● Competitive salary and comprehensive benefits package

● Paid time off, plus 12 paid holidays, plus your birthday off

● Environment that welcomes workplace flexibility

● An atmosphere where diversity is embraced, and inclusivity is second nature. We call it #OneBC! Just ask our champions with the Americas Women’s Forum and the Racial Equality Forum!

● Ability to grow personally and professionally within an organization that values development and internal career growth

● Be part of our mission in making sustainability the norm through Forever Chocolate with priorities centered around prospering farmers, zero child labor, carbon and forest positive, and creating 100% sustainable ingredients in all of our products.

At Barry Callebaut, we are committed to Diversity & Inclusion. United by our strong values, we thrive on the diversity of who we are, where we come from, what we’ve experienced and how we think. We are committed to nurturing an inclusive environment where people can truly be themselves, grow to their full potential and feel they belong. #oneBC - Diverse People, Sustainable Growth.

If you want to learn more about Barry Callebaut, please find further information here.

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