Position: Commodity and Hedging Manager
Job Location: Dubai 
Candidate MUST be in UAE 
Job Type: Full time 
We are looking for candidates with comparable experience in commodity hedging, preferably within the aluminum or metals industry only

Job Overview: 
To lead the strategic execution and governance of commodity hedging activities for non-ferrous metal exposures through the London Metal Exchange and related derivative instruments, safeguarding the organization against metal price volatility and supporting commercial value optimization. The role drives front-office hedge execution, exposure oversight, market intelligence, and cross-functional alignment across procurement, sales, treasury, risk, and finance functions. It also plays a key role in strengthening hedge effectiveness, supporting IFRS-9 hedge accounting and financial reporting requirements, and ensuring disciplined compliance with approved risk mandates, governance standards, and market risk management frameworks.

Job Responsibilities: 

• Contribute towards the development and execution of the Non-ferrous metals hedging and market risk strategy by providing market intelligence, pricing analysis, hedge recommendations, and exposure insights to support management decision-making and the Hedging Steering Committee.
• The role shall closely coordinate with sales and procurement teams to assess the impact of LME Quotational Periods (QP’s) and recommend appropriate price fixation strategies to mitigate spread risk arising from contango and backwardation market structures, while supporting continuous enhancement of front office governance, SAP CTRM integration, and financial control processes in reducing P&L volatility.
• Reinforce a strong performance, compliance, and controlled commodity culture within the metals vertical to ensure effective execution.
• The role shall work closely with treasury, middle office, financial control, and IT (SAP CTRM) teams to strengthen operational controls, reporting accuracy, hedge governance, and process efficiency, while supporting continuous improvement initiatives relating to SAP CTRM integration, exposure visibility, hedge reconciliations, and front office reporting capabilities
• Ensure all commodity hedging and front office activities are executed in compliance with approved risk management policies, trading mandates, delegated authority limits, and internal control frameworks. Support the implementation and continuous enhancement of operational procedures, SAP CTRM controls
• Monitor non-ferrous metal exposures and execute hedging transactions through London Metal Exchange and OTC derivatives including swaps, futures, and options in line with approved risk mandates and hedging strategies
• Monitor quotational period exposures, forward curves, contango/backwardation structures, provisional pricing positions, and market movements to support hedge execution and spread risk management.
• Coordinate with sales, procurement, brokers, banks, exchanges, and OTC counterparties on price fixation, hedge alignment, market execution, confirmations, settlements, and counterparty exposure management
• Report Hedge P&L on a transactional basis to ascertain the hedge efficiency ratio at a transactional level and portfolio level. Top of Form Bottom of Form
• Monitor tolerance exposures arising from physical contracts to minimise unhedged metal risk and optimise tolerance utilisation
• Monitor and manage exposures arising from provisional, deferred QP, and open/unpriced contracts where pricing optionality is granted to suppliers or customers
• Support internal and External Audit process with required and relevant information’s as required and respond to ‘ad hoc’ queries in the annual audit process