Head of Commodity Risk Management Dairy & Agricultural

Ready to make an impact on Danone’s global commodity risk strategy? In this role, you’ll manage significant commodity exposure, develop and execute hedging strategies, partner with key teams and financial institutions, and strengthen risk management practices across the business globally.

About the Job

In this role, you will be responsible to lead the commodity risk strategy and execution for Danone.

Danone commodity exposure is several billion euros and fragmented (50+ commodities).

You will report to the Finance Director of Milk and MRM and manage one commodity risk manager – Your key missions will notably include:

Risk strategy and hedging recommendations

Partner with Market Intelligence team to analyse market trends and analyst view

Develop coverage recommendations to commodity risk and category teams

Formalize hedging recommendations to be proposed to global and executive risk committees

Hedging expansion

Identify opportunities to change supplier contract terms (indexes & lags, etc.) to increase our financial hedging capability

Support procurement teams in changing contract terms

Hedging execution

Manage relationships with banks and other financial counterparts

Negotiate financial hedging offers and place them in Treasury system

Coordinate physical hedges execution by procurement team

Explore hedging tools beyond OTC swaps and options

Performance and reporting

Calculate and track commodity risk exposure; build relationships and commitment with stakeholders across the business to implement new risk management policies

Monitor commodity price coverage

Measure hedging performance and propose actions to correct sub-optimal behaviour, if any

Monitor compliance of our financial positions with risk management policies and with hedge accounting rules (IFRS9)

Conduct risk education, financial derivatives usage and promotion of risk management approach across the business on an ad-hoc basis

Meet your new manager! Your manager will be Damien Verdaguer, Commodities Price Risk Management Director. Learn more about him: Damien Verdaguer | LinkedIn

It’s an exciting time to join Danone. You’ll build meaningful relationships and networks working with large, dynamic brands. And the best part? You’ll be supported to grow an impactful career that you can be proud of. Together, we’ll build a healthier world.

All Danoners receive a complete package of benefits. This includes a competitive salary and yearly bonus, a premium free pension and great discounts on health insurance and Danone products. We understand the importance of flexibility and offer 30 days of annual leave (with the opportunity to purchase more) and a hybrid working environment, where you can work either from home or from one of our People Hubs in Hoofddorp, Utrecht and Rijswijk.

Working at Danone is a unique experience. It’s fast-paced and complex and, at times, it can get a little challenging. But it’s packed with opportunities to learn and grow working with some of the best-known brands in the world, like Evian, Alpro, Nutricia, Activia and Nutrilon. Bring your unique perspective, ambitions and entrepreneurial ideas to the table – the impact you could make might just surprise you. One Planet. One Health – BY YOU.

We’re proud to be a B-Corp certified company. That means we meet the highest verified standards of social and environmental performance, transparency, and accountability in everything we do. We’re committed to building a diverse and inclusive team. As an Equal Opportunities Employer, we base our hiring decisions on merit, job requirements and business needs.*