Global Specialist, Commodity Pricing Optimisation

1 week ago

London, Greater London, United Kingdom Diageo Full time

Job Description:
Global Specialist, Pricing Optimisation (Commodity Price Risk Management)

Location:
London

Permanent

Closing date: 24/03/2023


As part of our Global Procurement team you'll play a pivotal role in not only contributing to performance but also building and protecting Diageo's reputation across our supply base.

This involves delivering outstanding end-to-end value across our supply chain through our commercial leadership, offering innovative supplier solutions, and driving our sustainability agenda across our partners and suppliers.

There's a rich variety of commercial challenges for you to immerse yourself in as part of the procurement team. We want services, partnerships and products that meet our needs today and tomorrow. We have high benchmarks for sustainability. And we want to be the best, in terms of the partnerships we foster and the results we deliver.

So this is about people as much as numbers. Building relationships internally, so you know what we need; and externally, so you know what can be achieved.

About this role

Diageo's Commodity Price Risk Management (CPRM) Team is part of the Global Procurement organization. The CPRM function drives the identification, assessment and mitigation of commodity price risks across Diageo's portfolio of commodities globally, including direct categories (i.e. grains, sugar and sweeteners, energy/utilities, aluminium and tin, and resins) and guidance categories that are non-exchange traded commodities (i.e. soda ash, corrugate/paper etc.).

This role will be a part of the Global Raw Materials & CPRM Team within Global Supply Procurement.

This Specialist role is a direct report to the Global Category Director, Raw Materials & CPRM and has no direct reports.


This role is an entry role that presents the opportunity for future growth careers into more senior team CPRM Management roles.


This Specialist role shall:

  • Be a valuable support role to our Global CPRM Managers, to enable the scope and value expansion of commodities led by the team, across Diageo's global supply footprint.
  • Working with Treasury and Finance teams to ensure smooth and accurate trade execution on exchange and or futures, swaps, options etc. Trade capture activity includes the trade and working with supporting finance / treasury teams on reconciliation activity.
  • Ensure accurate reporting for all commodity positions, capture and exposures.
  • Work closely with Counter parties such as banks / brokers and assist in managing relationships with key brokerage firms, in partnership with Treasury
  • Collaborate with Diageo IT teams, finance and treasury to enhance ways of working through our Systems (eg Kiodex and SAP)
  • Be responsible for supporting an experienced team of senior CPRM Global Commodity Price Risk Managers, in the development and execution of larger scale commodity risk management strategies, macroeconomic analysis, in addition to managing price risk for multiple smaller scale commodity categories.
  • Provides support to the Global CPRM Managers, who employ the use of financial instruments (futures, options, and swaps) and dynamic supplier fixations to achieve best in class pricing, that meets the business's risk appetite.
  • Ensure compliance with Diageo's CPRM Operating Mandate in association with CPRM Global Managers, Supply Planning, Treasury and Finance, and IFRS9 Hedge Accounting requirements.
  • Participate in various Middle Office activities by reviewing position and risk reports in line with Diageo compliance requirements.
  • Lead and support CPRM Global managers in providing market research across assigned commodity categories, using best in class price risk management techniques (i.e. Fundamental and technical analysis) alongside providing macroeconomic insights to support the various CPRM Strategies.
  • Support key partner groups by running education sessions on CPRM ways of working and services, including Procurement teams.
  • Support CPRM Managers in collaborating with Procurement Category Teams to embed and maintain Diageo standard hedging clauses within our supply contracts. Support the drafting of contract clause inputs from time to time
  • Provide support to continuous improvement and simplification projects across key processes within CPRM and crossfunctional teams.
About you

You'll have strong analytical acumen and qualitative and quantitative research methodologies.


To be successful in role you will have Specialist experience in finance, banking, trading or commodity price risk management or equivalent experience within a commodity supply chain or financial institution.

Experience in Fast Moving Consumer and food sectors is greatly valued.

You will have an understanding of commodity markets, risk methods, financial instruments, and valuation techniques.

Experience within commodities across Agriculture, Metals or Energy, also greatly valued.

Experience or understanding of leading supplier contracts with the ability to embed new

  • Global Commodities

    1 week ago

    London, Greater London, United Kingdom JP Morgan Chase Bank, National Association Full time

    Job DescriptionJ.P. Morgan is a top tier liquidity provider in global macro markets offering competitive pricing across commodities products, 300 currency pairs in cash and derivative products. We offer a full spectrum of Commodities products - from plain vanilla to exotic options; from commodities, major currencies to emerging markets. The Automated Trading...

  • Commodity Associate Intern

    1 week ago

    London, Greater London, United Kingdom S&P Global Full time

    About the Role:Grade Level (for internal use): 05The Role: S&P Global Commodity Associate Intern - Summer 2024The Location: London, Ropemaker StreetThe Team/The Business: You will be part of a global team in Platts Content and will be considered a specialist in the market(s) you will be working in. We are looking for high achievers from a diverse pool of...

  • Head of Prices, Food and Agricultural Commodities

    1 week ago

    London, Greater London, United Kingdom eFinancialCareers Full time

    S&P Global Commodity InsightsTheRole**: Head of Prices, Food and Agricultural CommoditiesThe Team:The Food and Agricultural Commodities Prices team manages the prices service that underpins the range of products which are part of the F&AC portfolio.The Impact:Prices are an integral part of almost all the F&AC services as well as being an important service in...

  • Global Commodity Manager

    1 week ago

    London, Greater London, United Kingdom Michael Page (UK) Full time £55,000

    About Our Client This company is a prominent player in the Industrial / Manufacturing industry. With a global workforce of over 2,000 employees, they have a robust presence in Hampshire and other regions. The company is renowned for innovation, sustainability and delivering high-quality products. Job Description Manage and optimise global supply chain...

  • Global Head of Carbon, Energy Transition

    1 week ago

    London, Greater London, United Kingdom S&P Global Full time

    Location: LondonGrade: 12 (relevant for internal applicants only)The Role: This role is responsible for all aspects of leading the Carbon pricing team globally. Based in London/Houston, the director plays an essential role in driving forward our global carbon coverage including development of assessments, market data and analysis, building out a global team....

  • 2024 Commodity Summer Intern

    1 week ago

    London, Greater London, United Kingdom S&P Global Full time

    About the Role:Grade Level (for internal use): 05Interns will gain exposure and be provided with foundational training covering commodities such as Oil, Natural Gas, Power, Petrochemicals, Shipping, Agriculture, Upstream Solution and Climate Solution. This will be through various deliverables including a group project; they will be able to build a...

  • Commodities and Global Markets Emea

    1 week ago

    London, Greater London, United Kingdom eFinancialCareers Full time

    We are looking for strong software engineer passionate about technology and financial markets to join our Quant Strat teams in London to work closely with the Quantitative Investment Strategy desk. Your role will consist in expanding our Index productsoffering by evolving and developing our data platform both on the technological aspects and on the market...

  • Senior Commodities Data Specialist

    1 week ago

    London, Greater London, United Kingdom McGregor Boyall Full time

    Senior Commodities Data Specialist.London/Hybrid.Approx Salary: £100,000 + Bonus & Benefits.Sponsorship not available.A fantastic opportunity to join a top commodities team, based in London. The commodity business is one of the newest and fastest growing profit centers in the business, onboarding new markets and staff worldwide with ambitions to add...

  • Global Procurement Specialist

    1 week ago

    London, Greater London, United Kingdom Bramwith Consulting Full time

    Global Procurement Specialist, Raw Materials & Ingredients - Global Food Manufacturing Firm - London + hybrid working - £50-60k + bonus After a buoyant and successful year, this global food manufacturing firm is looking to bring onboard a cutting-edge procurement manager to lead raw material commodity spend across EMEA, post recent promotions in the team....

  • Senior Specialist, Market Integrity

    1 week ago

    London, Greater London, United Kingdom S&P Global Full time

    Grade: 11 ( relevant for internal applicants only )The Location: LondonThe Team: This is an outstanding opportunity to join the world's leading price reporting organization as it continues to develop its benchmark presence in global commodity markets. Customers in over 150 countries look to our expertise in pricing, analytics and news to deliver greater...

  • Price Market Reporter, European Natural Gas

    1 week ago

    London, Greater London, United Kingdom S&P Global Full time

    The Role: S&P Global Platts is seeking a market reporter who will take on the responsibility for day-to-day reporting on natural gas markets in Europe. While regional in focus, the role is global in context with exposure to generating fuel markets, energy security, and government policy in a frame work of a global transition to more sustainable energy...

  • Pricing Optimisation Manager

    1 week ago

    London, Greater London, United Kingdom NatWest Group Full time

    Join us as a Price Optimisation ManagerFor someone with a background in data driven analysis and statistical or mathematical modelling, this is a valuable opportunity to help deliver price optimisation capabilities within the franchiseWe'll look to you to develop processes that enable the distribution of agreed pricing into wider bank and sourcing...

  • Pricing Optimisation Manager

    1 month ago

    London, Greater London, United Kingdom NatWest Group Full time

    Join us as a Price Optimisation ManagerFor someone with a background in data driven analysis and statistical or mathematical modelling, this is a valuable opportunity to help deliver price optimisation capabilities within the franchiseWe'll look to you to develop processes that enable the distribution of agreed pricing into wider bank and sourcing...

  • Commodities Operations/middle Office Specialist

    1 week ago

    London, Greater London, United Kingdom Millennium Management LLC Full time

    Commodities Operations/Middle Office SpecialistThe Commodities Operation Specialist enjoys a wide ranging role, with responsibilities split into a Middle Office support role that include daily management of physical positions, pricing and valuation queries, trade affirmation, and resolving booking discrepancies. Additionally, the role has responsibilities...

  • Head of Pricing Operations

    1 week ago

    London, Greater London, United Kingdom Delinian Full time

    Job Advert:About FastmarketsFastmarkets is an independent commodity pricing and information organisation with over 500 staff. We are fuelled by values that bring us all together and are united by a collective passion to make a difference. We are supported by a working model that is based on a hybrid approach that allows each of us to balance home and office...

  • Commodities and Global Markets Emea

    1 week ago

    London, Greater London, United Kingdom eFinancialCareers Full time

    Join Macquarie's Fixed Income and Currencies team as a Foreign Exchange and Rates Sales and Trading Analyst.In this role, you will support the team's efforts in trade pricing and execution for foreign exchange and rates derivatives with UK corporate clients. The role will include client communications, desk operations, credit and legal fund structuring, and...

  • Lng Asset Optimiser

    1 week ago

    London, Greater London, United Kingdom bp Full time

    Job summaryEntity:Trading & ShippingJob Family Group:Supply & Trading GroupWe are looking for an LNG Asset Optimiser to join our Trading & Shipping (T&S) team as we strive to transform and connect the global energy market.T&S is bp's face to the traded markets in oil, gas, power, chemicals, renewables, carbon and finance. T&S's role is to enhance bp group...

  • Market Reporter, EMEA Metals Pricing

    1 week ago

    London, Greater London, United Kingdom S&P Global Full time

    About the Role: Grade Level (for internal use): 09 The Role: The Market Reporter (Associate Editor) for EMEA Ferrous Metals Markets is a market reporter based in London who takes responsibility for day-to-day reporting on ferrous markets in the Europe Middle East and Africa region. The Team: This is an outstanding opportunity to join the world's...

  • Commodities and Global Markets Emea

    1 week ago

    London, Greater London, United Kingdom eFinancialCareers Full time

    We are looking for an Associate Risk Analyst to join the SIMM Model team in our Rates Valuations and Risk business function. This is an exciting opportunity to gain exposure in a challenging role. Joining this team will give you breadthin exposure to trades in Energy, Agricultural, Metals, Foreign Exchange, Fixed Income, Credit markets and Equity...

  • Commodity Operations Specialist

    1 week ago

    London, Greater London, United Kingdom Richard James Recruitment Specialists Ltd Full time

    Our client is a global commodity trading business, who mainly focus on coffee, cotton, and cocoa, as well as other agricultural commodity products.The Cocoa trading desk is supported by a Shipping team that provides essential support to the traders, by delivering trade/contracts to customers and suppliers around the world.We are seeking an Operations...