Commodity Price Risk Management (CPRM) is a dedicated team working on how to match hedging activities to pricing activities in order to protect our margins. As a general rule, we seek coverage that protects our margins until the next pricing opportunity.ResponsibilitiesProvide competitive intelligence from external market, business, industry engagementFormulation of market outlook and price risk strategy (physicals)Coordinate RMM, formulate & prepare monthly RMM & PNOC deckProvide Commodity Economic Forecasts, incl. risk assessment (volatility)Bridge commodity impacts/forecasts/strategies to regional/category/global financial budgetsPartner cross‑functionally with Spend Area to optimize E2E value delivery, incl. support on productivity to meet joint KPI on productivityCollaborate with SA to optimize execution of approved Cocoa Bean and Cocoa Butter strategies & supplier negotiationSupport SA on various topics (Blend changes, Washout of contracts, external financing, etc.)Coach / Train SA newcomers on processes, vendor approach, way of working, Kiodex, Ofi shared site, etc.Lead market intelligence on Cocoa Butter and Cocoa Bean differential, formulate and propose strategies at PNOCPosition control: Global Butter Ratio and Global Cocoa Beans Diffs, incl. managing switch exposure, price fixationManage switch exposure by maintaining position overview and executing switchesGlobal Butter ratio & Global Bean exposureIdentify commodity risk and establish strategies/tool box to mitigate it (forward price contracts, inventory builds and spot buying)Understand external and competitive landscapeTake a strategic long‑term view of commodity markets in identifying and developing margin protection/retail pricing opportunitiesProvide spend area baseline and forecasts, incl. risk assessment (volatility)Partnership cross‑functionally in defining leading edge spend management and optimized value deliveryBuild commodity‑specific strategies in alignment with the spend areas/regionsExecute price fixations (send EFP orders to broker, files to CMaas to update Kiodex, trade log)Execution of switch buying (contract allocations, Kiodex, rolling of physical bean position, etc.) Strong participation in workstreamsEngage in IT system implementation (e.g., Kiodex, Governance Team, Project Quantum)QualificationsUniversity degree (agronomy, engineering, economics, finance)Business experience of at least 5 years in Commodity Price Risk ManagementStrong knowledge of agricultural commodity markets: futures and options marketsExperience in Cocoa Trading and ResearchPreferred experience in the Cocoa/Chocolate industryExcellent analytical skills / strategic thinkingAbility to deal with ambiguityStakeholder focus / informingFluent English (spoken and written)Job Type: Regular – Commodity Pricing and Risk Management / ProcurementMondelēz International is an equal‑opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation or preference, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.
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