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Price Risk Manager
Thungela
Dubai, UAE
Full Time
Manager
2 days ago
Price Risk ManagementHedgingFinancial DerivativesCommodity MarketsThermal CoalMarket Analysis
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Price Risk ManagementHedgingFinancial Derivatives
About the Role
Thungela is seeking a Price Risk Manager to lead and evolve the Group's price risk management capability. The role involves managing hedging strategies, integrating financial and physical exposures, and providing market intelligence.
Key Skills for This Role
Price Risk ManagementHedgingFinancial DerivativesCommodity MarketsThermal CoalMarket Analysis
Responsibilities
- Own and enhance the Group's hedging strategy, evolving the current framework to support best in class price risk management practices.
- Manage the hedging process for TMI and the Group in accordance with approved Board mandates and governance requirements.
- Develop and manage an integrated one book approach, consolidating financial and physical exposures under a single risk and portfolio view.
- Manage and optimise exposure across multiple regions, hubs, pricing indices and market structures.
- Execute and oversee paper trading strategies to hedge Group exposure while incorporating physical coal positions where appropriate.
- Provide tactical hedging direction to Export Marketing Managers to support cargo placement decisions and broader portfolio optimisation.
- Define and drive short , medium and long term hedging strategies that balance risk mitigation with market opportunities.
- Act as the central point of accountability for all price risk management activities, including engagement with banks, brokers and internal stakeholders.
- Provide clear financial derivative instructions and ensure timely communication with Finance following transaction execution.
- Oversee transaction verification, controls and record management within approved systems.
- Liaise with Finance to ensure accurate valuation, reporting and accounting treatment of derivative transactions.
- Build and maintain robust governance frameworks and ensure adherence to Board mandates, internal controls and regulatory requirements.
Requirements
- Bachelor's Degree in Finance, Commerce, Marketing or a related field (NQF 7) or equivalent qualification.
- Minimum of 8 years' experience in price risk management, hedging, trading or related commodity markets, preferably within thermal coal or similar commodity environments.
- Strong experience in financial derivatives, structured hedging strategies and risk management frameworks.
- Experience within a trading house, commodity marketing environment or banking institution.
- Demonstrated experience managing integrated physical and financial exposures.
- Proven track record of developing and implementing price risk management strategies in a complex commercial environment.
Full Job Posting
Overview
- An exciting opportunity exists for a Price Risk Manager (Thungela Marketing International) at Thungela to lead and evolve the Group's price risk management capability.
- This role offers the opportunity to shape and expand the Group's hedging strategy, integrating both financial and physical market exposures to support long term value creation and effective risk management.
- Thungela Resources is a leading South African thermal coal business, focused exclusively on thermal coal production.
Responsibilities
- Owning and enhancing the Group's hedging strategy, evolving the current framework to support best in class price risk management practices.
- Managing the hedging process for TMI and the Group in accordance with approved Board mandates and governance requirements.
- Developing and managing an integrated one book approach, consolidating financial and physical exposures under a single risk and portfolio view.
- Managing and optimising exposure across multiple regions, hubs, pricing indices and market structures.
- Executing and overseeing paper trading strategies to hedge Group exposure while incorporating physical coal positions where appropriate.
- Providing tactical hedging direction to Export Marketing Managers to support cargo placement decisions and broader portfolio optimisation.
- Defining and driving short , medium and long term hedging strategies that balance risk mitigation with market opportunities.
- Acting as the central point of accountability for all price risk management activities, including engagement with banks, brokers and internal stakeholders.
- Providing clear financial derivative instructions and ensuring timely communication with Finance following transaction execution.
- Overseeing transaction verification, controls and record management within approved systems.
- Liaising with Finance to ensure accurate valuation, reporting and accounting treatment of derivative transactions.
- Building and maintaining robust governance frameworks and ensuring adherence to Board mandates, internal controls and regulatory requirements.
Qualifications
- Bachelor's Degree in Finance, Commerce, Marketing or a related field (NQF 7) or equivalent qualification.
- Postgraduate qualification in Finance, Commerce, Marketing or a related discipline will be advantageous.
Experience
- Minimum of 8 years' experience in price risk management, hedging, trading or related commodity markets, preferably within thermal coal or similar commodity environments.
- Strong experience in financial derivatives, structured hedging strategies and risk management frameworks.
- Experience within a trading house, commodity marketing environment or banking institution.
- Demonstrated experience managing integrated physical and financial exposures.
- Proven track record of developing and implementing price risk management strategies in a complex commercial environment.
- Experience engaging with banks, brokers, senior leadership and governance structures.
Additional Information
- Advanced knowledge of derivatives, hedging instruments and price risk management frameworks.
- Deep understanding of global thermal coal markets, pricing mechanisms and regional market dynamics.
- Strong knowledge of domestic and export commodity trading environments.
- Experience operating within a one book or integrated portfolio management framework.
- Strong commercial acumen with the ability to manage cross regional and cross market exposures.
- Advanced analytical, strategic thinking and decision making capabilities.
- Strong understanding of governance, compliance and risk management requirements relating to hedging activities.
- Ability to interpret market data and translate insights into strategic and tactical commercial decisions.
- Proficient knowledge of TMI policies, procedures, systems and relevant industry legislation.
- Strong stakeholder management skills with the ability to influence decision making across commercial, financial and leadership teams.
- High levels of accountability, ownership and initiative with the ability to build and mature the price risk management function.
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