Cocoa Risk Manager

Barry Callebaut Manufacturing Iberica SA.; Wieze; Sur place; EUR 90 000 - 130 000; Plein temps

Résumé du poste

Barry Callebaut is seeking a Cocoa Risk Manager to lead European cocoa price risk management and hedging strategies. The role involves ensuring contracts and pricing strategies align with regional directives to optimize profitability across eight ESC plants.

The candidate should have a Master’s degree with at least five years in risk or materials operations, strong Dutch/English skills, SAP knowledge, and proven negotiation abilities. This on-site position requires cross-functional collaboration.

Qualifications

• Master degree with minimum 5 years in operations or risk management.
• Proficiency in Dutch and English; French a plus.
• Knowledge of SAP and MS Office.
• Experience in a customer-facing role.
• Strong analytical and negotiation skills.

Responsabilités

• Daily management of the Cocoa Risk Position for Europe.
• Contribute to cocoa trading profit targets.
• Operate within Group Risk pre-defined risk limits.
• Manage Futures book(s) and settlements.
• Coordinate with Global Cocoa Sourcing, Sales, Pricing, Finance & Controlling.
• Communicate transparently across functions.

Connaissances

Risk management

Cocoa market knowledge

Negotiation

SAP

Excel

Formation

Master's degree in relevant field

Outils

SAP

Description du poste

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

The Cocoa Risk Manager plays an important role in the cocoa price risk management for Barry Callebaut. He/She is hedging all potential Cocoa related risks (Futures, Ratio, Differential, Market structure …) for the full chocolate business region of Europe (ESC) in line with directives of the Sourcing Director Europe. ESC is the European Supply Company for chocolate and consists of 8 chocolate manufacturing plants located in Belgium, Italy, UK, France, Serbia, Poland and Spain. The Cocoa Risk Manager role is crucial to safeguard and enhance the profitability of Barry Callebaut.

He/She is responsible to supply all of the ESC chocolate manufacturing entities in Europe with the right contracts for cocoa materials, on the right period at the best possible price to make sure Barry Callebaut can keep producing the desired chocolate at a competitive price.

The Cocoa Risk Manager supports overlooking the credit management book (Sustainability programs & premiums) and makes sure Barry Callebaut is fully complying to the requirements and rules of e.g. RainForest Alliance and Fair Trade. He/She is in the center of the Barry Callebaut organization and cross functionally collaborates and openly communicates with all relevant stakeholders internally (CSD, Global Cocoa Sourcing and Trading, Sales, Pricing, Finance & Controlling, QA, …) but also externally (direct contact with customers).

He/She has its own customer portfolio and is required to understand the customer needs to build a trusting partnership. It’s expected to advise and guide these customers on market price trends and covering strategies to follow. Furthermore, negotiations with big open book customers on pre fixing of cocoa raw material prices is also a part of the job.

The Cocoa Risk Manager reports into the Sourcing Director Europe and supports him/her in the risk management of a cocoa bean equivalent need of 515.000 mT (need for total chocolate sales out of Europe). This entails the sales of 500 different cocoa SKU’s and a total value of 2.75 billion EUR (depending on market price). He/She is contributing to create and safeguard a yearly additional value for BC, represented by the cocoa trading profit (e.g. 90 Mio CHF in FY22-23; 80 Mio CHF in FY23-24 and 53 Mio CHF in FY24-25).

Key responsibilities include

• Daily management and calculation of the Cocoa Risk Position for Chocolate business within Europe (representing a 515.000 mT bean equivalent). Follow up and take educated decisions in line with the directives of the Sourcing Director Europe. Be able to take own decisions in case of urgency or absence of directives.
• He/She is contributing to create and safeguard a yearly additional value for BC, represented by the cocoa trading profit (e.g. 90 Mio CHF in FY22-23; 80 Mio CHF in FY23-24 and 53 Mio CHF in FY24-25).
• Operate within the by Group Risk pre-defined risk limits (-3.000 mT to 3.000 mT Bean Equivalent risk, -6.000 mT to 6.000 mT Differential risk, -3.500 mt to 3.500 mT Butter risk and -3.500 mT to 3.500 mT Powder risk).
• Daily follow up and calculation of the unrealized and realized Trading Profit, adjust and remediate potential risks/margin leakages and look for opportunities.
• Actively manage the Physical Cocoa book to make sure all 8 chocolate production plants within the ESC receive all the needed purchase contracts for cocoa materials, in the right volumes on the right period at the best possible price. On a daily basis ensure together with the team the correct bookings, fixations and follow-up in order to keep our purchase contracts in good conditions, take intermediate actions in order to remediate and clear issues that stand in the way of correct and timely cocoa raw material deliveries to ESC factories.
• Daily interest and follow up of market dynamics and changes including Cocoa Futures market, Cocoa butter ratio’s and bean differentials.
• Follow up and proper execution of the Futures book(s) and settlements.
• Supports in management of the full ESC Europe Certified Cocoa position (sustainability), being equal to a bean equivalent cocoa volume of 205.000 mT with a certification premium value of up to 37 Mio EUR.
• Actively participate in both IM and Business Projects related (directly or indirectly) to Cocoa RISK for both cross Region and cross Department.
• Act as a link between Global Cocoa & Sourcing and Pricing & Sales for pricing updates and offers.
• Collaborate effectively with all relevant stakeholders internally (CSD, Global Cocoa Sourcing and Trading, Sales, Pricing, Finance & Controlling, QA, …)
• Build own customer portfolio and be in direct contact to inform sales and customers (on demand) about market price trends and advise them in potential strategies to follow. Directly negotiate with open book customers on booking of cocoa raw materials both unfixed and fixed.
• Being in the center of the organization, you are responsible to communicate transparently and effectively cross functionally (CSD, Global Cocoa and Trading, Sales, Pricing, Finance & controlling, QA, …) on all aspects of cocoa raw materials and value management.
• Actively share knowledge and best practices across the organization to help it functioning optimally both cost and revenue wise.

About you

• Master University degree with minimum of 5 years relevant experience in an operational environment (e.g. raw materials) and or risk management
• Language: Dutch, English – good notions for French.
• Knowledge of Office and SAP is a must
• Negotiation skills and Commercial approach for the daily activities
• Minimum of 5 years relevant experience in an operational environment (e.g. raw materials) and or risk management
• Background in Economics with a profound knowledge on functioning of futures markets and currencies. General interest in macro economics.
• Experience in a customer facing role
• Ability to perform under stress (being in a very dynamic environment in which fast and accurate decision making is often needed)
• Critical mindset (to challenge the status quo)
• Good analytical skills. Interested in figure work and system aspect of risk management. Sense for detail and punctuality
• Willingness and motivation to constantly acquire new knowledge and go the extra mile
• Actively share knowledge and best practices across the organization to help it functioning optimally both cost and revenue wise
• Dynamic and flexible personality that can both work independently and in a team environment
• Being able to communicate in an efficient, effective and transparent manner
• Always act respectfully and with integrity and for the better of the entire BC group
• Willingness to travel occasionally

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 informationhere .

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