Commodity Manager

Are you passionate about commodities, retail and the economics of global supply chains?

We have a unique opportunity to join our team here at Tesco as a Commodity Manager.

The Commodity Price Risk Management team at Tesco is at the leading edge of commodity risk within the retail sector. The role provides a fantastic opportunity to grow in a fast-paced environment and help to reshape the way we work with suppliers, manage risk and drive efficiencies across the business.

This role will require the successful candidate to have strong buying and procurement experience within commodity sector, evidence of developing a product area strategy and an understanding of country and global supply chain products.

You will be responsible for:

Managing key agricultural raw material exposure (P&L, cover positions) and executing pricing strategy collaboration with Suppliers
Developing price risk management hedging strategies and solutions based on market research, managing cover positions as well as P&L reporting
Develop Market Intelligence across key commodity markets
Develop and lead Data Science programme (Price and S&D forecast) across key Commodities
Lead Macro intelligence Research
Working with buying team, forecasting and managing budgets effectively, through commodity cover strategy
Developing and maintaining relationships with key internal and external stakeholders (traders, commodity house, suppliers, banks..)
Identifying commodity risk management best practice in the industry and suppliers
Identifying Commodity risk and developing partnership models and ways of working with supplier partners.
Working with commercial, responsible sourcing and agricultural teams to support Tesco Sustainable Farming Groups (TSFGs) and environmental initiatives
Adhering to all Tesco policies, storage and handover protocols and successfully completing all my training so that I have zero GSCOP breaches
Ensuring all agreements are recorded in writing, reporting GSCOP complaints to Legal within 48 hours of receipt, and leading a culture of compliance within my team
Following our Business Code of Conduct and always acting with integrity and due diligence

You will need:

Commodity market knowledge
Buying and procurement experience within commodity sector
Developing a product area strategy
Understanding of country and global supply chain products
Negotiation skills
Supplier management experience
Stakeholder management skills
Data Analysis

Key People and Teams you will work with:

Buying Managers
Finance, Treasury
Sustainability and Agricultural teams
Suppliers, commodity suppliers, trading companies & industry analysts
Data Science and Technology

Budgets you will be responsible for:

Tracking and ensuring reporting in Finance, and commodity governance reports

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What's in it for you:

We’re all about the little helps. That’s why we make sure our Tesco colleague benefits package takes care of you – both in and out of work. Click Here to find out more!

Annual bonus scheme of up to 20% of base salary
Holiday starting at 25 days plus a personal day (plus Bank holidays)
Private medical insurance
26 weeks maternity and adoption leave (after 1 years’ service) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay, we also offer 6 weeks fully paid paternity leave
Free 24/7 virtual GP service, Employee Assistance Programme (EAP) for you and your family, free access to a range of experts to support your mental wellbeing

About us:

Our vision at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move. Our core purpose is 'Serving our customers, communities and planet a little better every day'. Serving means more than a transactional relationship with our customers. It means acting as a responsible and sustainable business for all stakeholders, for the communities we are part of and for the planet.

We are proud to have an inclusive culture at Tesco where everyone truly feels able to be themselves. At Tesco, we not only celebrate diversity, but recognise the value and opportunity it brings. We're committed to creating a workplace where differences are valued, and make sure that all colleagues are given the same opportunities. We're a big business with diverse working patterns and many business areas which means that we can find something that works for you. Everyone is welcome at Tesco.

We have recently announced that we will be moving towards a more blended working week – combining office and remote working. Our offices will continue to be where we connect, collaborate and innovate. Please talk to us to about how this can work for you.

NOTE: Should you be successful in your application, your offer will be subject to and conditional upon you providing your bank account details on your agreed start date.

We're proud to have been accredited Disability Confident Leader and we're committed to providing a fully inclusive and accessible recruitment process. For further information on the accessibility support we can offer, please visit https://www.tesco-careers.com/accessibility