POSITION TITLE: Cocoa Trader

REPORTING TO: Sourcing Director

LOCATION: Chicago

About the role:

Cocoa Derivatives and Products trader with industry relationships. Manage strategic sourcing & hedging activities for cocoa, beans, and products for North American Cocoa Sourcing organization.

Key responsibilities:

  • Coordinate cocoa butter and liquor purchase with suppliers in West Africa, Asia, and South America
  • Develop long term relationships with suppliers
  • Execute and manage to hedge on the cocoa exchange within authorized risk limits
  • Partner with sales, pricing, planning, and logistics to align on inter-departmental activities.
  • Manage the identification and implementation of RM strategies to support North American purchase and sales activity.
  • Manage cocoa butter sales to large third-party customers.
  • Record activity in purchasing system and SAP related to trading and other department activity.
  • Work closely with Finance risk management on position management activities/actions taken.
  • Maintain bid sheet and communicate activity to Cocoa Sourcing team.
  • Support Cocoa/Cocoa Products sourcing and logistics functions as necessary.
  • Maintain a high level of current cocoa market information to support trading and sales activity.
  • Lead weekly future/physical/informational trading discussion activity.
  • Create and manage to report as required.

About you:

Education

  • Bachelors degree required
  • Master degree preferred

Work Experience

  • Minimum 4 years commodity and derivative trading experience required, experience in cocoa preferred.

Additional Requirements

  • Excellent strategic thinking and negotiating skills
  • Strong knowledge of Windows applications (Excel, Access) a must and knowledge in SAP preferred
  • Excellent interpersonal and communication skills