Key Responsibilities
Develop and execute non-ferrous metals hedging strategies in line with approved risk mandates and governance frameworks.
Monitor and hedge LME exposures using futures, swaps, options, and OTC derivatives.
Manage LME Quotational Periods (QPs), provisional pricing, deferred QPs, unpriced contracts, tolerance exposures, and associated timing and spread risks.
Analyse contango and backwardation structures and recommend appropriate price-fixation and hedging strategies.
Execute unwind swaps to manage provisional and open pricing positions and align cash flows with supplier/customer invoices.
Monitor hedge P&L and hedge efficiency at both transactional and portfolio levels.
Manage margin utilisation, collateral, counterparty exposure, and hedge-related limits.
Coordinate with brokers, banks, exchanges, OTC counterparties, Sales, Procurement, and Treasury.
Support IFRS 9 hedge accounting, mark-to-market reporting, reconciliations, and financial control requirements.
Strengthen front-office governance, operational controls, reporting dashboards, and exposure visibility.
Support and enhance SAP CTRM integration, transaction capture, reconciliations, reporting, and process automation.
Prepare management reports for the Hedging Steering Committee covering exposures, hedge positions, P&L, margins, provisional pricing, deferred QPs, tolerance exposures, and hedge effectiveness.
Ideal Profile
The successful candidate should have strong practical experience in:
✅ Commodity hedging and metal price risk management
✅ Non-ferrous metals / LME markets
✅ Futures, swaps, options and OTC derivatives
✅ LME QPs, provisional pricing and deferred pricing structures
✅ Contango, backwardation and spread risk
✅ Physical and paper exposure management
✅ Hedge P&L and hedge effectiveness analysis
✅ IFRS 9 hedge accounting
✅ SAP CTRM or similar commodity trading/risk management platforms
✅ Treasury / Middle Office / Financial Control processes
✅ Counterparty, collateral and margin management