Senior Commodity Risk Manager
2 days ago
**Job Summary**
We are seeking an experienced Senior Commodity Risk Manager to join our team at WILMAR SUGAR PTE. LTD.
The estimated salary for this role is $120,000 - $180,000 per annum, depending on experience.
**Company Overview**
WILMAR SUGAR PTE. LTD. is a leading player in the global sugar industry, with a strong presence in the Asia-Pacific region.
**Job Description**
As a Senior Commodity Risk Manager, you will be responsible for handling new trades done by traders from time after Trade and monitoring, tracking, and reporting throughout the lifespan of a contract.
Key responsibilities include:
- Monitoring the overall book size over different origins and destinations
- Drafting contracts
- CALCULATING PROVISIONAL AND FINAL PRICE
- Monitoring counterparty exposures in terms of volumes and MTM
- Responsible for Daily Physical position reporting
- Making sure that foreign currency trades are hedged to USD
- Working closely with Treasury and Trade Finance Departments
- Client account maintenance and liaison with Accounts and Group Risk teams
- Preparing and sending contracts to counterparties on a timely manner
- Reviewing contractual terms to ensure they are in compliance with corporate policies
- Coordinating closely with traders, operations, pricing/futures and finance colleagues, colleagues from other offices, clients and suppliers
- Generating business reports from in-house Business IT system
- Accurately inputting cost, allocating and splitting contracts from in-house Business IT system and troubleshooting the system as and when required
- New counterparty assessment and limits creation
- Ad-hoc duties as assigned from time to time
**Required Skills and Qualifications**
To succeed in this role, you will need:
- A good degree from a reputable university with minimum 3 years' experience in the soft commodities industry
- Good experience in trade coordination with trading and operations teams
- Knowledge in contract drafting, shipping logistics, operations, documentation, trade finance, marine and credit insurance would be an advantage
**Benefits**
We offer a competitive salary package, comprehensive training program, and opportunities for career growth and development.
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