Intern Commodity Risk Management Jobs in Chicago, IL

About the role: 

Barry Callebaut is a global organization poised for growth; a company which has embraced the vision to delight its customers, while out-performing its competitors, a business which is committed to sustainability, has innovation in its DNA, is a leader in complex manufacturing and supply chain solutions and is focused on being a best-in-class employer. Barry Callebaut seeks diverse and passionate people who thrive in a dynamic environment, focused on continuous learning, living BC's Values and of course loving chocolate.
The Manager, Cocoa Position Management provides critical support to the Cocoa Trading & Sourcing Desk by ensuring accurate position management, daily P&L validation, exposure monitoring, risk reporting, and seamless coordination between Trading, Sourcing, Logistics, Finance, Risk and other departments. This role safeguards the integrity of the daily risk and physical positions, strengthens internal controls, and enables fast, informed decision-making in a dynamic commodity environment.
Key responsibilities include: 

Position Management 
   Monitoring and managing daily cocoa positions (flat price, differentials, arbitrage)
   Run exposure reports intra-day, and hedging of position via physical purchases and futures 
   Pricing of inter-company flows and creating purchase contracts and futures/FX transactions in the trading system
   Reconcile trade details between traders, brokers, suppliers, and customers 
   Validation of daily contract book, investigating discrepancies and escalate material issues to Cocoa Traders and Director, Trading & Sourcing, and/or Risk Management
   Monitor physical and futures positions and ensure adherence to Group risk limits
   Coordinate with Treasury on margin calls and cash requirements 
   Weekly updates of bean and product buying plans
   Maintain strong relationships and collaborate closely with Traders, Pricing, Risk Management and Treasury Team

Contract Management and Contract Execution
   Monthly contract reconciliation inter-company and Third-Party suppliers with follow up in case of discrepancies 
   Procurement planning and product coverage analysis for liquor, powder, cake and butter based on existing portfolio and budgeted requirements
   Ensure local planners have contracts available to fulfill raw material requirements for plants
   Collaborate with Logistics Analysts and Planning on shipment execution, contract washouts, amendments and pricing events
   Own the claim management process for cocoa solids, i.e. cake. Support team and back-up for other cocoa product claims
   Establish effective relationship and collaboration with Local and Global Planning Teams as well as Plants and Finance Business Partner

Other: 
   Monitor and build understanding for cocoa market developments
   Prepare reports about cocoa bean and cocoa product usage for better purchasing decisions
   Maintain master data accuracy (counterparties, materials, pricing structures)

About you:

   Bachelor's degree in Finance, Economics, Supply Chain, Business, or related field
   Fluent in English, Spanish is a plus
   8-10 years of experience in Traffic, Logistics, Pricing, Risk or other Commodity Trading Operations or Procurement function (cocoa, softs, agri-commodities, or relevant physical markets preferred)
   Familiarity with commodity trading concepts: P&L, futures, hedging, mark-to-market, exposure management 
   Experience managing or working with financial reports and data
   Working knowledge of SAP, database management, Power BI
   High attention to detail 
   Strong analytical, critical thinking and problem-solving skills
   Ability to thrive in fast-paced, dynamic trading environment with exceptional time management skills 
   Excellent communication and collaboration abilities across commercial and operational teams
   Proactive mindset with willingness to challenge discrepancies and propose improvements and solutions 
   Inquisitive and eager to learn 
   Demonstrated ability to interact with internal and external stakeholders in complex matrix organization

What you can expect from Barry Callebaut:

   Salary Range of $ 100,000 - $120,000, depending on factors such as experience and location, plus annual bonus and our comprehensive benefits package. 
   Paid time off, Paid holidays, and Flex days
   Environment that welcomes workplace flexibility 
   An atmosphere where diversity is embraced, and inclusivity is second nature. We call it #OneBC! Just ask our champions with the Americas Women's Forum and the Racial Equality Forum!
   Ability to grow personally and professionally within an organization that values development and internal career growth.
   Be part of our mission in making sustainability the norm through Forever Chocolate with priorities centered around prospering farmers, zero child labor, carbon and forest positive, and creating 100% sustainable ingredients in all of our products.