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Position Overview

We are in search of an experienced and strategic professional to lead our risk management initiatives as the Risk Control Manager or Director. This important position will focus on the management and mitigation of financial and operational risks, specifically through the hedging of copper inventory, energy cost management, insurance coverage management, and oversight of workers' compensation insurance programs.

The ideal candidate will have a successful track record in risk management within a manufacturing environment and possess expert knowledge in commodities, energy markets, and insurance programs.

Key Responsibilities

1. Commodity Risk Management

• Devise and implement daily hedging strategies to mitigate exposure to price volatility in copper inventory.
• Monitor and analyze market trends, economic conditions, and regulatory changes that may affect copper pricing.
• Establish and foster relationships with financial institutions, brokers, and other market participants.
• Generate detailed reports and conduct analyses on hedging activities and their financial impacts.

2. Energy Hedging and Cost Management

• Implement and oversee hedging strategies to mitigate price volatility in gas and electricity.
• Collaborate with operations and procurement teams to forecast energy requirements and align hedging strategies with business needs.
• Evaluate and optimize hedging instruments for cost-effectiveness and risk reduction.

3. Insurance Management

• Oversee the overall insurance portfolio of the company, including property, liability, and operational coverage.

• Evaluate and negotiate insurance policies to ensure comprehensive protection and cost efficiency.
• Conduct regular reviews of insurance coverage to ensure alignment with organizational risks and compliance requirements.
• Lead the claims process for all insurance policies, ensuring timely and accurate reporting and resolution.
• Provide data to insurance company auditors

4. Workers' Compensation Insurance

• Oversee the administration and optimization of workers' compensation insurance programs.
• Collaborate with HR and safety teams to minimize claims through proactive risk assessments and workplace safety initiatives.
• Manage claims processes, ensuring compliance with legal requirements and minimizing financial impact.
• Provide data to insurance company auditors

5. Risk Analysis and Reporting

• Evaluate and mitigate risks related to cash flow, credit exposure, investment decisions, and financial forecasting.
• Monitor financial markets and economic conditions to assess their potential impact on the business.
• Collaborate closely with the CFO to integrate risk management into financial planning and corporate strategy.
• Conduct risk evaluations for major capital investments, mergers, acquisitions, and other financial initiatives.
• Ensure adherence to internal policies, external regulations, and legal requirements. Ensure internal controls are robust and effective.
• Develop and implement risk policies and processes focused on financial and operational risk management.
• Prepare detailed risk analysis reports for the CFO, finance team, and executive leadership.
• Assist in creating reports for board members and external auditors.
• Collaborate with production, quality assurance, and supply chain teams to address risks with financial implications.
• Engage with IT and cybersecurity teams to manage financial risks associated with data security and technology disruptions.

• Develop and maintain risk management frameworks, policies, and procedures.
• Conduct regular risk assessments across all areas of responsibility and recommend mitigation strategies.
• Prepare and present reports on risk exposure, mitigation measures, and financial impacts to senior leadership.

• Prepare annual budgets for general insurance, workers’ compensation insurance and utilities.

6. Cross-Functional Collaboration

• Partner with finance, operations, procurement, and HR teams to align risk management strategies with organizational goals.
• Provide training and guidance to internal stakeholders on risk awareness and mitigation best practices.

Qualifications

Education:

• Bachelor’s degree in Finance, Risk Management, Business Administration, Economics, or a related field.

Experience:

• Minimum of 5–7 years of experience in commodity hedging is essential.
• Proven experience in energy cost management and oversight of insurance programs.
• Highly desirable to have experience within the manufacturing industry.

Skills and Competencies:

• Thorough understanding of commodity and energy markets, hedging instruments, and risk mitigation strategies.
• Expertise in insurance policy management and claims handling.
• Exceptional analytical and financial modeling skills.
• Strong interpersonal and communication skills with the ability to negotiate and collaborate effectively.