Kaiser Aluminum is known around the world for its superior quality. Our secret is what we put into it—innovative thinking, industry-leading reliability, and a world-class commitment to customer service. In short, the same qualities we look for in our people. We are looking for a Senior Manager, Risk & Commodity Hedging to join our onsite Kaiser Aluminum in Franklin, Tennessee!
To support our teams and their families beyond the workplace, we provide an outstanding benefits package effective day one of employment!
- Industry leading compensation program.
- 401K options that begin vesting day 1.
- Three weeks of vacation.
- Relocation assistance for new team members.
- Employee resource groups.
What you will support:
We are seeking a highly analytical, market‑savvy Senior Manager of Risk & Commodity Hedging to play a critical role in the company's financial and commodity risk management programs. The Treasury group owns the frameworks, models, and execution strategies that protect the company from volatility in aluminum and other key inputs, while also overseeing the company's insurance and risk transfer programs.
The position sits at the intersection of Treasury, Commercial, Operations, and Procurement, ensuring that the company's exposure is properly measured, governed, and hedged with discipline. The role will provide regular reporting to senior leadership and executive hedge governance committee to ensure adherence to policy mandates and risk limits.
The ideal candidate brings a capital markets, banking, or trading background, deep experience with derivatives and commodity markets, and the ability to translate complex risk dynamics into clear, actionable business decisions.
The role is a critical pillar of the company's treasury and enterprise risk architecture, with direct visibility to senior leadership and meaningful impact on financial performance.
Key Responsibilities
Commodity Risk & Hedging Strategy
- Lead the company's hedging strategy for aluminum and other commodities.
- Assess existing and design and execute hedging programs using futures, options, swaps, and structured products.
- Build and maintain hedge effectiveness models, stress tests, and scenario analyses.
- Monitor forward curves, supply/demand dynamics, and macroeconomic trends to inform strategy.
- Partner with Treasury to manage liquidity, collateral, margin requirements, and cash‑flow impacts of hedging activity.
Risk Frameworks, Governance & Controls
- Own the enterprise commodity risk framework, including policies, limits, controls, and escalation protocols.
- Maintain a comprehensive risk register and exposure dashboards.
- Quantify risk using tools such as VaR, sensitivity analysis, and stress scenarios.
- Ensure compliance with regulatory, accounting, and governance requirements related to derivatives and hedging.
- Lead cross‑functional risk reviews with Treasury, Procurement, FP&A, Operations, Legal, and Accounting.
Financial Modeling & Analytics
- Maintain existing and build where necessary advanced models to quantify commodity exposure, pricing risk, earnings sensitivity, and risk‑adjusted returns.
- Integrate hedging and exposure models into FP&A forecasts, budgets, and long‑range planning.
- Quantify the financial impact of market movements, hedging decisions, marketing pricing and procurement strategies.
- Develop clear, decision‑useful reporting for the Treasurer, CFO, CEO, and Board.
Procurement & Commercial Alignment
- Partner with Procurement to align physical purchasing strategies with financial hedging programs.
- Evaluate supplier contracts, pricing structures, and index‑based mechanisms.
- Ensure physical and financial positions are reconciled, accurately reflected, and optimized.
- Partner with the Sales and Marketing organization to ensure pricing and related commodity exposure risk is minimized to acceptable levels.
- Establish and maintain acceptable customer credit levels for hedging exposure.
Banking, Trading & External Relationships
- Manage relationships with brokers, clearing firms, and trading counterparties.
- Evaluate derivative pricing, trade structures, and counterparty credit risk.
- Stay current on market developments, regulatory changes, and industry best practices.
Insurance & Risk Transfer
- Direct the company's insurance placement and administration across property, casualty, liability, and specialty coverages.
- Participate in periodic insurance renewals, including coverage design, broker coordination, and cost negotiations.
- Oversee claims management processes to ensure timely resolution and recovery.
- Evaluate emerging risks and recommend enhancements to coverage or alternative risk‑transfer solutions in partnership with Treasury, Legal, and external advisors.
Requirements:
What you will bring to the role:
- Five to twelve plus (5–12+) years of experience in commodity risk management, derivatives trading, corporate treasury, metals procurement, or banking/capital markets.
- Deep understanding of futures, options, swaps, and hedging mechanics.
- Advanced financial modeling skills (Excel required; Python or similar tools a plus); expectation to leverage and drive processes with automation and AI where appropriate.
- Experience with metals (aluminum preferred) or other commodities such as energy or natural gas strongly preferred.
- Strong analytical, strategic, and communication skills.
- Ability to simplify complex market dynamics for senior leadership and governance forums.
- Bachelor's degree in Finance, Economics, Engineering, or related field; MBA, CFA, or FRM a plus.
- Position is a Full Time, in office role at our Franklin, TN Corporate office.
- Travel required, approx. 4 – 6 weeks a year
The successful candidate will:
- Exhibit strong intellectual curiosity and a deep desire to understand commodity markets, financial risk dynamics, and the broader business context in which they operate.
- Combine technical depth with strategic perspective, able to zoom in on complex analytics while clearly articulating the broader financial and operational implications.
- Demonstrate the ability to synthesize large, complex data sets into clear insights and decisive recommendations.
- Possess strong business partnering skills, with the ability to influence decision‑making across Treasury, Commercial, Procurement, FP&A, Operations, Legal, and senior leadership.
- Communicate complex risk concepts clearly and confidently to non‑technical audiences, including customers, executive management and Board‑level forums.
- Apply disciplined judgment—balancing market insight, risk controls, and governance—to support sound, well‑reasoned decisions.
- Quickly develop a deep understanding of the company's business model, value drivers, risk exposures, and capital allocation priorities.
No third-party candidate submissions are being accepted at this time for this opening.
We are an equal opportunity employer. All applicants will be considered based on job-related qualifications and abilities. There shall be no discrimination on the basis of age, race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, veteran, or disability status.
About Kaiser Aluminum: Talented people join our team because we are a company passionate about environmental sustainability, employee growth, contributing back to our communities and championing an inclusive culture.
