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About the role Refer to Responsibilities You will be responsible for Job Summary: We are seeking a Middle Office Analyst to provide middle office support for our commodity trading team, and cost modelling team. This position will be based in our Bangalore office and will require regular interaction with our UK based teams. The ideal candidate for the role will be comfortable taking ownership of work (i.e. independently deciding what needs to be done to achieve objectives) and will be skilled in working with stakeholders across different teams and organisations. In this job, I’m accountable for: Following our Business Code of Conduct and always acting with integrity and due diligence and have these specific risk responsibilities: • Creation and maintenance of commodity cost models. • Creating governance and other reports from commodity cost models. • Developing expert knowledge of commodity markets & commodity P&L to identify and resolve issues with reporting and/or cost models. • Resolving complex issues related to cost models e.g. incorrect rebate calculations. • Act as a primary contact between UK based teams and the commodity support team. • Act as a primary source of cost model expertise for the commodities team. • Liaise with commercial teams and commodities team to resolve issues and for continuous personal development. • Driving CI culture, implementing CI projects and innovation for withing the team • Following our Business Code of Conduct and always acting with integrity and due diligence • Driving and implementing CI Projects and innovation for their teams • Continuous process development and automation (ways of working and systems). • Provide guidance to the commodities support admin team when issues arise with trade instructions or other BAU requests. • Lead onboarding of suppliers to new online cost modelling system. • Support in development and implementation of new commodities reports such as Value at Risk reporting. Key people and teams I work with in and outside of Tesco: People, budgets and other resources I am accountable for in my job: •Finance Team Process SOP's •Commercial Teams and Product Transformation team Reporting KPI's •Suppliers •Enterprice analytics & reporting Operational skills relevant for this job: Experience relevant for this job: • Advanced Excel skills. - Preferred experience in retail or grocery procurement • Highly numerate. - Relevant functional experience preferred • Ability to work independently. - Exposure to SQL • Stakeholder management skills. - Exposure to Tableau • Ability to learn other systems such as Tableau quickly. Desirable: • Bachelor degree or above in a degree with a quantitative component. • 2-3 years experience, in commodities, finance, accounting or other technical job. • Advance VBA / Macros skills. CF Sta • ndard Ro Knowledge le Code: of other systems such as SQL, Tableau, Python etc. • Understanding of commodity markets. You will need Refer to Responsibilities Whats in it for you? At Tesco, we are committed to providing the best for you. As a result, our colleagues enjoy a unique, differentiated, market- competitive reward package, based on the current industry practices, for all the work they put into serving our customers, communities and planet a little better every day. Our Tesco Rewards framework consists of pillars - Fixed Pay, Incentives, and Benefits. Total Rewards offered at Tesco is determined by four principles - simple, fair, competitive, and sustainable. Salary - Your fixed pay is the guaranteed pay as per your contract of employment. Performance Bonus - Opportunity to earn additional compensation bonus based on performance, paid annually Leave & Time-off - Colleagues are entitled to 30 days of leave (18 days of Earned Leave, 12 days of Casual/Sick Leave) and 10 national and festival holidays, as per the company’s policy. Making Retirement Tension-FreeSalary - In addition to Statutory retirement beneets, Tesco enables colleagues to participate in voluntary programmes like NPS and VPF. Health is Wealth - Tesco promotes programmes that support a culture of health and wellness including insurance for colleagues and their family. Our medical insurance provides coverage for dependents including parents or in-laws. Mental Wellbeing - We offer mental health support through self-help tools, community groups, ally networks, face-to-face counselling, and more for both colleagues and dependents. Financial Wellbeing - Through our financial literacy partner, we offer one-to-one financial coaching at discounted rates, as well as salary advances on earned wages upon request. Save As You Earn (SAYE) - Our SAYE programme allows colleagues to transition from being employees to Tesco shareholders through a structured 3-year savings plan. Physical Wellbeing - Our green campus promotes physical wellbeing with facilities that include a cricket pitch, football field, badminton and volleyball courts, along with indoor games, encouraging a healthier lifestyle. About Us Tesco in Bengaluru is a multi-disciplinary team serving our customers, communities, and planet a little better every day across markets. Our goal is to create a sustainable competitive advantage for Tesco by standardising processes, delivering cost savings, enabling agility through technological solutions, and empowering our colleagues to do even more for our customers. With cross-functional expertise, a wide network of teams, and strong governance, we reduce complexity, thereby offering high-quality services for our customers. Tesco in Bengaluru, established in 2004 to enable standardisation and build centralised capabilities and competencies, makes the experience better for our millions of customers worldwide and simpler for over 3,30,000 colleagues. Tesco Business Solutions: Established in 2017, Tesco Business Solutions (TBS) has evolved from a single entity traditional shared services in Bengaluru, India (from 2004) to a global, purpose-driven solutions-focused organisation. TBS is committed to driving scale at speed and delivering value to the Tesco Group through the power of decision science. With over 4,400 highly skilled colleagues globally, TBS supports markets and business units across four locations in the UK, India, Hungary, and the Republic of Ireland. The organisation underpins everything that the Tesco Group does, bringing innovation, a solutions mindset, and agility to its operations and support functions, building winning partnerships across the business. TBS's focus is on adding value and creating impactful outcomes that shape the future of the business. TBS creates a sustainable competitive advantage for the Tesco Group by becoming the partner of choice for talent, transformation, and value creation Show more Show less
