Commodity Analyst

At Tesco, we believe in the power of spending more time together, face to face, than apart. So, during your working week, you can expect to spend 60% of your time in one of our office locations or local sites and the rest remotely. That being said, we also know life looks a little different for each of us. Some people are at the start of their careers, some want the freedom to do the things they love. Others are going through life-changing moments like becoming a carer, nearing retirement, adapting to parenthood, or something else. That’s why at Tesco, we always welcome a conversation about flexible working. So, talk to us throughout your application about how we can support.

Are you passionate about commodities, retail, and the economics of global supply chains?

This role will offer the chance to develop world class commodities expertise and exposure to and experience of working with the commercial buying teams at Tesco. You will develop analytical and communications skills whilst learning about the fundamental drivers of global commodity pricing and their part in manufacturing of FMCG goods.  

The Commodity Price Risk Management team at Tesco is at the leading edge of commodity risk within the retail sector. As a Commodity Analyst you will play an integral role in this team. The role provides a fantastic opportunity to grow in a fast-paced environment and help to reshape the way we work with suppliers, manage risk and drive efficiencies across the business.

This Commodity Analyst position reports into the Commodity Manager responsible for the soft commodities portfolio (e.g. Cocoa, Coffee and Sugar).

• You will be accountable for developing deep fundamental and technical market analysis,
• Research and build detailed commodity supply and demand models,
• Contribute to the design of hedging and risk mitigation strategies,
• Ensure timely execution of strategies,
• Take ownership of accurate position reporting, detailing exposures and abiding by governance policies and framework.
• You will have the opportunity to support key supplier negotiations through insights.

This role is an excellent opportunity for someone with professional experience in a commercial environment or an analytical or financial background. The candidate should have a Bachelor’s degree in Economics, Maths, Finance, Engineering or equivalent.

Operational Skills needed for this role:

• Inquisitive
• Enthusiastic
• Strong analytical skills
• High attention to detail
• Passionate about global economics and interdependencies
• Knowledge of commodity markets or trading environments
• Ability to operate in a fast-paced culture of change
• Presentation skills
• Stakeholder management

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We’re all about the little helps. That’s why we make sure our Tesco colleague benefits package takes care of you – both in and out of work. Click Here to find out more!

• Annual bonus scheme of up to 10% of base salary
• Holiday starting at 25 days plus a personal day (plus Bank holidays)
• 26 weeks maternity and adoption leave (after 1 years’ service) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay, we also offer 6 weeks fully paid paternity leave
• Free 24/7 virtual GP service, Employee Assistance Programme (EAP) for you and your family, free access to a range of experts to support your mental wellbeing

Our vision at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move. Our core purpose is ‘Serving our customers, communities and planet a little better every day’. Serving means more than a transactional relationship with our customers. It means acting as a responsible and sustainable business for all stakeholders, for the communities we are part of and for the planet.

Diversity, equity and inclusion (DE&I) at Tesco means that whoever you are and whatever your background, we always want you to feel represented and that you can be yourself at work. In short, we’re a place where Everyone’s Welcome. We’re proud to have been accredited Disability Confident Leader and we’re committed to providing a fully inclusive and accessible recruitment process. For further information on the accessibility support we can offer, please click here.

We’re a big business and we can offer a range of diverse full-time & part-time working patterns across our many business areas, which means that we can find something that works for you.  We work in a more blended pattern -combining office and remote working. Our offices will continue to be where we connect, collaborate and innovate.