Commodity and Hedging Manager - Non-Ferrous Metals

About the role

A consultancy is recruiting a Commodity and Hedging Manager based in Dubai, with the candidate required to be in the UAE. The role leads the strategic execution and governance of commodity hedging for non-ferrous metal exposures through the London Metal Exchange and related derivatives, protecting the organisation against metal price volatility and supporting commercial value. It covers front-office hedge execution, exposure oversight, market intelligence and coordination with procurement, sales, treasury, risk and finance.

Key responsibilities

• Contribute to the non-ferrous metals hedging and market risk strategy by providing market intelligence, pricing analysis, hedge recommendations and exposure insights to management and the Hedging Steering Committee.
• Work with sales and procurement to assess the impact of LME Quotational Periods and recommend price fixation strategies that mitigate spread risk from contango and backwardation, while improving SAP CTRM integration and financial controls.
• Strengthen performance, compliance and controlled commodity culture, and work with treasury, middle office, financial control and IT teams on operational controls, reporting accuracy and hedge governance.
• Ensure hedging and front-office activities comply with risk policies, trading mandates, delegated authority limits and internal controls, and support the implementation of SAP CTRM controls.
• Monitor non-ferrous metal exposures and execute hedging transactions via the London Metal Exchange and OTC derivatives such as swaps, futures and options.
• Monitor quotational period exposures, forward curves, contango/backwardation structures and provisional pricing positions, and coordinate with sales, procurement, brokers, banks, exchanges and counterparties on price fixation, confirmations and settlements.
• Report hedge P&L transactionally to measure hedge efficiency at transaction and portfolio levels, and monitor tolerance exposures from physical contracts.
• Support internal and external audits with information and respond to ad hoc queries.

Required profile

• Comparable experience in commodity hedging, preferably within the aluminum or metals industry.
• Full-time position; the candidate must be located in the UAE.