Head of Commodity Risk Management Dairy & Agricultural

Danone; Hoofddorp; Hybrid; EUR 90,000 - 130,000; Full time

Benefits offered by this job

Competitive salary and yearly bonus

Premium free pension

Discounts on health insurance and Dan­

30 days annual leave (with option to购买

Hybrid working environment from home 1

Job summary

Danone is seeking a senior professional to lead the commodity risk strategy and execution on a global scale. You will manage significant exposure, develop hedging strategies and partner with finance, procurement and external partners to strengthen risk management across the business.

You will report to the Finance Director of Milk and MRM and oversee a team of one commodity risk manager. The role requires deep knowledge of markets, strong communication and experience with hedging tools and IFRS9

Qualifications

• Deep knowledge of procurement or trading environments.
• Experience analysing global commodity markets and risk strategies.
• Strong communication and networking with internal and external stakeholders.
• Team-oriented, reliable and proactive.

Responsibilities

• Lead commodity risk strategy and execution for Danone.
• Analyse market trends and develop hedging coverage for risk teams.
• Coordinate hedging execution with banks and procurement teams.
• Monitor hedging performance and ensure IFRS9 compliance and policy adherence.
• Educate the business on risk management practices across functions.

Skills

English fluency

Strong communication

Stakeholder management

Financial instruments knowledge

Education

Master's degree in Finance or related field

Job description

About The Job

Ready to make an impact on Danone's global commodity risk strategy? In this role you'll manage significant commodity exposure, develop and execute hedging strategies, partner with key teams and financial institutions, and strengthen risk management practices across the business globally.

In this role, you will be responsible to lead the commodity risk strategy and execution for Danone.

Danone commodity exposure is several billion euros and fragmented (50+ commodities).

You will report to the Finance Director of Milk and MRM and manage one commodity risk manager - Your key missions will notably include:

Risk strategy and hedging recommendations

• Partner with Market Intelligence team to analyse market trends and analyst view
• Develop coverage recommendations to commodity risk and category teams
• Formalize hedging recommendations to be proposed to global and executive risk committees

Hedging expansion

• Identify opportunities to change supplier contract terms (indexes & lags, etc.) to increase our financial hedging capability
• Support procurement teams in changing contract terms

Hedging execution

• Manage relationships with banks and other financial counterparts
• Negotiate financial hedging offers and place them in Treasury system
• Coordinate physical hedges execution by procurement team
• Explore hedging tools beyond OTC swaps and options

Performance and reporting

• Calculate and track commodity risk exposure; build relationships and commitment with stakeholders across the business to implement new risk management policies
• Monitor commodity price coverage
• Measure hedging performance and propose actions to correct sub-optimal behaviour, if any
• 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

Meet your new manager! Your manager will be Damien Verdaguer, Commodities Price Risk Management Director. Learn more about him: Damien Verdaguer | LinkedIn

About You

To be successful in this role, you ideally have a deep knowledge of Procurement or Trading environment, analysing global commodity markets, developing risk strategies and 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 processes and procurement complexity.

Furthermore you will also have:

• Solid and extensive experience, with proven experience in commodity risk functions
• A Master degree in Finance or related field
• Ability to fluently communicate orally and in writing in English

About Us

Working at Danone is a unique experience. It's fast-paced and complex and, at times, it can get a little challenging. But it's packed with opportunities to learn and grow working with some of the best-known brands in the world, like Evian, Alpro, Nutricia, Activia and Nutrilon. Bring your unique perspective, ambitions and entrepreneurial ideas to the table - the impact you could make might just surprise you. One Planet. One Health - BY YOU.

We're proud to be a B-Corp certified company. That means we meet the highest verified standards of social and environmental performance, transparency, and accountability in everything we do. We're committed to building a diverse and inclusive team. As an Equal Opportunities Employer, we base our hiring decisions on merit, job requirements and business needs.*

We Offer

It's an exciting time to join Danone. You'll build meaningful relationships and networks working with large, dynamic brands. And the best part? You'll be supported to grow an impactful career that you can be proud of. Together, we'll build a healthier world.

All Danoners receive a complete package of benefits. This includes a competitive salary and yearly bonus, a premium free pension and great discounts on health insurance and Danone products. We understand the importance of flexibility and offer 30 days of annual leave (with the opportunity to purchase more) and a hybrid working environment, where you can work either from home or from one of our People Hubs in Hoofddorp, Utrecht and Rijswijk.

• Competitive salary and yearly bonus
• Premium free pension
• Great discounts on health insurance and Danone products
• 30 days of annual leave (with the opportunity to purchase more)
• Hybrid working environment, where you can work either from home or from one of our People Hubs in Hoofddorp, Utrecht and Rijswijk

* All applicants will be considered for employment without attention to race, colour, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status

Need more information? Please contact Claudia Llona, Talent Acquisition Manager via [e-mail].