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
- 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
- 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
- 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
