Assistant Finance Manager - Commodity Risk Management

JOB TITLE: UI Assistant Finance Manager – Commodity Risk Management JOB LOCATION: Bangalore, India RELOCATION TERMS: Local terms UNILEVER INTERNATIONAL IS… Unilever International is Unilever’s fastest growing and entrepreneurial business, EUR 1.2 billion in turnover. UI’s purpose is to serve the underserved – markets, consumers, channels, brands, working in close partnership with Unilever’s Business Units (BU) and Business Groups (BG). UI is headquartered in Singapore and has a global remit with teams spread across nine hubs (Singapore, US, UK, Korea, India, Dubai, France, Philippines, and Australia). PURPOSE OF THE ROLE… The successful candidate will lead Global Commodities and Risk Management Back office (BO) operations, reporting and compliance activities. It is an exciting opportunity to learn about the end to-end commodity hedging process and the application of various derivative instruments within it. The role gives good visibility and has regular engagement with both FO and MO teams, as well as senior Global procurement and finance leaders. The successful candidate will also lead and manage an offshore team and play a pivotal role in relevant global projects and its roll out of new commodities/ territories/ instruments/ exchanges. KEY RESPONSIBILITIES: 1. Operations • Lead daily Trade confirmation, settlement and reconciliation of the respective derivative instruments Unilever utilizes for hedging purposes ie OTC, TFC/Paper Settlements & ETD and ensure follow-up and resolution of issues. • Perform Monthly reviews and activities involving the following: ➢ Preparation of KPI Trackers for FO teams ➢ Average swaps (OTC) price verification & Settlements ➢ Collateral Exposure management for OTC & management of Custodian ➢ C&RM Monthly Reconciliation and Month end Journals 2. Governance and Compliance • Continuously review risk management controls for counterparty and market risk. • Coordinate with MO & other stakeholders (FO, Banks, Custodians, Legal etc) to set up new commodities, counterparties, instruments & new processes for C&RM • Pro-actively engage and partner MO/FO in analyzing impact of new regulations / agreements / compliances / margin and settlement rules with counterparties • Regularly update SOPs & DTPs for sustainable processes • Facilitate SOX / OCA & other regular audits of C&RM function 3. Future fitting CRM BO • Streamline and continuously improve to simplify the CRM BO processes-proactively identifying and closing gaps and increasing efficiency • Lead or be involved in Global simplification projects affecting CRM BO activities KEY REQUIREMENTS: • Degree in Accounting/ACCA/Finance • Prior experience in Commodity Risk Management or any Treasury Hedging role is key • Additional experience in Compliance/Audit roles is beneficial • A high degree of integrity, personal self-discipline and a strong work ethic. • Strong communication skills and ability to respond and deliver under pressure • Highly numerate and analytical • Excellent project management and analytical skills • Must be a team player with a positive attitude and open mind