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Deputy Manager - Finance Management Reporting

Date:  23-Nov-2022
Country:  India
Function:  Olam Global Business Service
Sub-Function:  Centralization


About Us

Olam International is a leading food and agri-business supplying food, ingredients, feed and fibre to over 19,800 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a sourcing network of 4.8 million farmers. Through our purpose to 'Re-imagine Global Agriculture and Food Systems', Olam aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders. Headquartered and listed in Singapore, Olam currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST.

Olam Information Services (OISL) is a captive subsidiary of Olam International, Singapore offering IT Services & Global Business Services across its operations in 65 countries in Asia, Africa, EU & Americas. In Chennai, we currently have onboard more than 1000 highly motivated employees. Olam Digital has received International Innovation Award 2019 for Best Services and Solutions.

Olam Global Business Services (OGBS) is a captive unit that offers End to End business process and analytics solutions. OGBS currently offers its solutions in 6 Platforms: Finance, Supply Chain, People services, Risk & Market Compliance, Big Data Analytics and Business Intelligence. At this moment, OGBS is located in City of Chennai, India and provides its services to over 20 countries. Olam GBS has received Best Shared Services in India Award – 2019, by Shared Services Forum and Asia’s No.1 Shared Services in Process Improvement and Value Creation, 2019 by Shared Services and Outsourcing Network Forum.

Job Summary

Olam is exposed to various risks in the agri. commodity business. The Role of Risk Office in Olam is to approve and monitor the risk exposures and independently report to CEO/Board. Olam Technology & Business Services (OTBS) Pte Ltd provides business services and IT solutions to Olam.  Olam Global Business Services (OGBS) vertical within OTBS is looking for a risk analyst who will be part of the Risk Reporting Team of Grains to support business to monitor and manage market, credit, and counterparty risks.

Job Description

  • Consolidating and Reporting of Credit and Counterparty exposures for specific Business units, with focus on overdues and breaches
  • Daily Market risk reporting and analysis (Position reports, Value at Risk reports, Sensitivities, Pnl reporting)
  • Consolidation of market risk positions across the business/ globe for reporting
  • Periodic validation of market data of agri. commodities traded to compute Value at Risk
  • In depth understanding of agri. commodities, risk concepts and the internal systems to seamlessly analyses the positions
  • Periodic consolidation and review of currency exposures run across the globe
  • Escalate the limit breaches to Senior Risk Managers for immediate action
  • Independently manage the reporting changes and templates requested by Senior Risk Managers and quickly deliver on them
  • Perform various analysis like Sharpe ratios, Book Value tracking and weekly Value at risk (Var) for the portfolio
  • Collaborate with IT to systemize the manual reporting and to resolve day to day issues
  • Identify process improvements and automate/simplify the processes to improve productivity
  • Act as a backup for other team members during their absence to ensure service delivery
  • Sound knowledge of international commodity Trade/ documentation flow/Contract management.
  • Have experience of handling the shipment document negotiation with bank, understand LC /Inco terms
  • Support contract desk for Reconciliation of Physical contract signing with Trading /contacting system
  • Process improvement of Deal Ticket entry activity
  • Futures Deal Ticket Reconciliation-Preparation of Freight Exposure Report

Profile Description

  • CA/CWA/MBA with core experience in monitor and manage market, credit, and counterparty risks.
  • Prior experience of around 5 years in the market & credit risk domain in banks/banking captives/commodity companies
  • Should be proficient in excel.
  • Good conceptual understanding of the market & credit risk domain
  • Good team player and maintains good rapport with stakeholders
  • Ability to adapt to work in a dynamic environment

Olam is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, nationality, disability, protected veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law.

Applicants are requested to complete all required steps in the application process including providing a resume/CV in order to be considered for open roles.

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