ASR Group is the world’s largest refiner and marketer of cane sugar, with an annual production capacity of more than 6 million tons of sugar. The company produces a full line of grocery, industrial, food service and specialty sweetener products. Across North America, ASR Group owns and operates six sugar refineries, located in Louisiana, New York, California, Maryland, Canada and Mexico. In the European Union, the company owns and operates sugar refineries in England, Portugal. ASR Group also owns and operates mills in Mexico and Belize. The company’s brand portfolio includes the leading brands Domino®, C&H®, Redpath®, Tate & Lyle®, Lyle’s® and Sidul®
Role Description
Position scope
- To support the Global Sugars Group’s ITAS and SAP systems and to ensure they are correct
- To support the integrity of the GSG trading books
- To ensure data is inputted correctly to SAP and ITAS and to maintain the accuracy of the interface between SAP and ITAS
- To review and support GSG London in creation, execution and filing of raw sugar contracts, deeds and addendums
- To be able to execute FX and F&O trades externally in the financial markets
- To be able to run and edit the desks complex excel reports
- To open all new sales in ITAS and SAP for the desk from the Sales team
- To send all daily reports to the company from the desk
Position strategic objectives and key deliverables
- Smooth and accurate running of the GSG SAP & ITAS system
- Promote understanding of ASR’s way of working and systems where appropriate.
- Ensure all trades are recorded throughout the day
- Assist in developing strong relationships with all relevant suppliers and consumers
- Client satisfaction
- No breaches or failures in complying with TLS/ASR Risk Policy, Treasury policy and other internal and external requirements.
- Good inter-company relationships.
Detailed roles & responsibilities
- Enter and maintain contracts with particular attention to the flow of entries required to properly track London and Lisbon refinery sales back to the GSG book
- Assist GSG to ensure ITAS and other systems properly reflect GSG positions
- To provide cover for the Manager, Derivatives Trading (MDT) and in their absence, to accurately execute futures and currency trades as required from physical sales and customers
- Participate in ITAS training for the GSG team
- Have involvement in development of system improvements as mandated by the business
- Ensure up to date contracts are signed with all counterparties and that those contracts are in line with ESH and ASR policy
- Assist in the analysis of the GSG book and illustrate how the traders can save/make money through efficiencies in the book.
- Assist shipping operations/customer service with running and communicating shipping programs for GSG counterparties for white sugar.
- Liaise with and provide support to the refinery sales teams; ensure their sales to come are communicated to the MDT at least fortnightly for inclusion in the Guide to Buyer.
- Liaise with trading desk to review pending contracts. Monitor their passage through the legal and approval processes, file and ensure a complete record is maintained.
Risk Accountabilities
- Comply with the Trading Risk Policy
- Identify material risks inherent and communicate counterparty credit events to Risk management and GSG.
- Manage the submission if counterparty information to Risk management for credit analysis and review purposes
- Assist in the proactive monitoring of risk exposure as limits are being approached or in anticipation of planned transactions that would increase risk exposure beyond established risk tolerances
- Assist in the obtaining of approval from Legal and Compliance for any risk- associated changes to standard contractual terms.
Requirements
Essential capabilities (knowledge, skills, abilities and personal attributes)
- Good knowledge of sugar contract terms (SAL, RSAL, ICE) including good knowledge of terms of sales / buyers / constraints / anomalies in the sugar trade (preferable but not essential)
- Good communication, presentation, influencing, interpersonal and numerate skills.
- Attention to detail and time management
- Strong Excel knowledge (writing Macros preferable)
- Ability to work under pressure
- Strong problem solving skills
At Tate & Lyle Sugars, the group's values are the cornerstone of our success.
Leadership - our goal is to be the leader in every arena in which we compete. Teamwork - our strength is magnified when we work together. Integrity - honesty and trust are the foundation of our success.Service - we know that the people and communities in which we operate are crucial partners to our success. Sustainability - the member companies of ASR Group are committed to sustainable agricultural and business practices.