Hedging Desk Manager

Role Summary

Commodity Hedging Specialist

You will work closely with procurement, finance, and trading teams to ensure hedge strategies are aligned with business goals and market conditions.

Key Responsibilities

• Develop and execute hedging strategies for copper and related raw materials (e.g., copper cathodes, rods, scrap).
• Manage commodity risk using instruments such as

  futures, options, swaps

  , and structured products (primarily on

  LME

  ,

  COMEX

  , etc.).
• Monitor global copper markets, price trends, and macroeconomic indicators impacting the supply chain.
• Coordinate with the

  procurement

  team to align physical purchase volumes with financial hedge positions.
• Analyze and recommend hedge ratios based on exposure, risk appetite, and market conditions.
• Evaluate hedge performance using metrics such as

  mark-to-market (MTM)

  ,

  value-at-risk (VaR)

  , and

  hedge effectiveness tests

  .
• Ensure compliance with

  hedge accounting standards

  (e.g., IFRS 9 or US GAAP), documentation, and internal controls.
• Interface with external brokers, exchanges, and financial counterparties for trade execution and reporting.
• Maintain and enhance hedging tools, dashboards, and reporting frameworks using Excel, Bloomberg, Eikon, or ERP systems like SAP.

Qualifications & Skills

Required:

• Bachelors degree in Finance, Economics, Engineering, or related field (MBA/CFA preferred).
• 10+ years of experience in commodity trading, risk management, or hedging — metals experience preferred but not mandatory.
• Strong understanding of commodity markets, derivatives (futures, options, swaps), and hedging concepts.
• Familiarity with

  LME/COMEX contracts

  , pricing, and settlement mechanics.
• Advanced Excel and solid exposure to platforms like

  Bloomberg

  ,

  Refinitiv Eikon

  , or

  ERP systems (SAP)

  .
• Knowledge of hedge accounting standards (e.g., IFRS 9) and regulatory compliance.

Preferred:

• Experience with base metals (especially copper or aluminum).
• Exposure to manufacturing or industrial procurement environments.
• Strong analytical, communication, and cross-functional coordination skills.