Cargill Trading, Margin & Risk Management Leader in Wayzata, Minnesota
Trading, Margin & Risk Management Leader
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. We have 155,000 employees in 70 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work.
This position is accountable for managing the margins of the current cocoa (liquor) in North America as well as the flows from Cargill’ global cocoa asset network to the North American market and customers. In addition, this position is accountable for trading and risk management in Cocoa and Chocolate North America (CCNA), both for non- cocoa ingredients and for the cocoa ingredients the latter in alignment with the global cocoa game plans. As such the Trading, Margin and Risk Management leader will play a key role in generating value and in CCNA and managing identified risks by providing oversight and direction for most complex merchandising, pricing and trading activities.
60% Trading & Risk Management
Strategy / Execution Leadership and Oversight
Contributes to long term growth strategy for Cocoa & Chocolate business in NA and the Journey to Joy global CCC strategy.
Set clear targets to the team members in trading and merchandising,
Oversees implementation of business strategies for Trading & Risk Management
Partners with Global Senior Trading/ Merchandising team members in defining the long-term vision and strategic direction including
Provides management oversight and support to successfully execute long-term Trading and Merchandising strategies
Liaises with the global cocoa sourcing and trading team.
Partners with embedded Risk Management professionals in monitoring and controlling the team’s risk limits, which are set by the CRC (Cargill Risk Committee) for the CCC group and regional and governed by RMG (Risk Management Group)
Provides leadership to Trading & Risk Management Team to build critical capabilities within those teams.
Build a high-performance team
Oversees and reviews team’s risk positions
Sources Raw materials, management of risk position and trading budget
Accountable for trading and sourcing P&L
Using broad knowledge , oversees and reviews the trading and hedging strategies for team by ensuring risk management limits are kept within the business guidelines for exposure
Analysis / Reporting / Data Management
Oversees and reviews market, positions and P&L reports created by team members
Responsible for Team’s success in meeting profit and volume targets via flat price, spreads and cash trading
Manages Team collaboration with the accounting and finance departments to determine monthly contract and inventory valuations in reference to the short-long term strategies
Provides direction to the short-long term game plans basis origination or livestock procurement analysis and margin reviews.
Monitors daily/weekly/monthly merchandising profitability estimates.
40% Margin Management for Cocoa
Cocoa PLM Organization management:
Make sure there is a cocoa leg to the monthly iBP cycle that drives the execution of the Long-term strategy in line with Business and Group strategy and monitor execution of the iBP plan.
Ensure the CCNA iBP cycle links up to the global Cocoa iBP cycle.
Set clear targets for the Cocoa PLM team aligned with the business and group plans and strategy
Accountable for deploying PLM tools such as strategic pricing, margin grid and accountable for long term product line strategy
Monitor the strategic pricing process and give leadership to the team.
Responsible for creating a feedback loop between customers, assets and competitor analysis to strengthen Cargill position as a market leader
Discuss and align the commercial strategy with sales and marketing director
Provides through the team commercial guidance to capacity planning and optimization
Drives budgeting process and execution of budget
Provide leadership to the Cocoa Product Line Managers to build critical capabilities.
Build a high-performance team
Member of the divisional core management team
University degree and good overall knowledge of total business process
10 years of experience in Risk Management and Trading, FP&A or equivalent in a financial, energy, agricultural or commodity trading environment
Solid experience in Merchandising and Trading
Broad economic view and conceptual strengths
Deep and practical business acumen, in particular affinity with CCC strategic value creators of sensory, security and sustainability
In-depth knowledge in Risk management, Merchandising and Trading domains
Experience in managing margins in a complex asset environment.
Have proven ability to operate in a complex trading environment and manage conflicting demands
Commercial minded with a keen understanding of how their business experiences profit and loss
Comfortable providing and defending analysis where there is ambiguity
Solid experience leading and developing teams and hold self and them accountable
Develop and leverage deep customer knowledge and insights
Passion to learn more than taught
- Previous experience in Cocoa & Chocolate business
Equal Opportunity Employer, including Disability/Vet.
Job Trading & Merchandising
Primary Location US-MN-Wayzata
Job Type Standard
Shift Day Job
Req ID: WAY06943