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Commodity Manager - Gold

Salary undisclosed

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THE IDEAL CANDIDATE

We are seeking a highly skilled and experienced Commodity Manager – Gold to lead our strategic efforts in gold sourcing and risk management for our jewelry category. This role is critical to ensuring cost efficiency, price stability, and supply continuity while maintaining the highest standards of quality and ethical sourcing. Reporting to the Head of Global Procurement, the ideal candidate will have deep expertise in gold and its use in jewelry fabrication, as well as a strong understanding of commodity risk management strategies, including trading/hedging.

Success in this role means achieving stable and predictable gold pricing, securing long-term supply partnerships, mitigating market volatility, and aligning sourcing strategies with the company’s financial and sustainability objectives. This role offers the opportunity to make a significant impact on the business, contribute to company growth, and shape the future of our gold procurement and risk management strategy.

RESPONSIBILITIES:

  • Develop and execute a comprehensive gold procurement strategy that optimizes cost efficiency, quality, and ethical sourcing practices.
  • Build, maintain, and expand a global network of gold suppliers/trading houses to ensure reliable and competitive sourcing.
  • Monitor and analyze global gold markets, including price trends, supply-demand dynamics, geopolitical risks, and regulatory changes, to inform procurement strategies and financial planning.
  • Develop and implement commodity risk management strategies to stabilize pricing and minimize exposure to market volatility, including the use of hedging instruments such as futures, options, swaps, and forward contracts.
  • Collaborate with finance, legal, and sourcing teams to ensure effective execution of hedging strategies and alignment with business objectives.
  • Establish and maintain long-term partnerships with key suppliers, negotiating favorable terms where necessary, and ensuring responsible sourcing practices in compliance with industry standards (e.g., LBMA, RJC).
  • Work closely with cross-functional teams, including merchandising, product development, and sourcing, to align gold procurement with product development and market demand.
  • Identify and evaluate opportunities for cost savings, innovation, and process efficiencies across the gold supply chain.
  • Ensure compliance with international regulations, ethical sourcing guidelines, and sustainability initiatives, including conflict-free sourcing and traceability.
  • Provide regular reporting on procurement performance, hedging effectiveness, cost savings/avoidance, and market conditions to senior leadership.

QUALIFICATIONS:

  • Proven experience in commodity procurement, supply chain management, or financial risk management, with a specific focus on gold or precious metals.
  • Deep understanding of the gold value chain and its relationship with jewelry fabrication.
  • Strong professional network and/or knowledge of major players in the gold market, including bullion banks and commodity exchanges.
  • Expertise in commodity risk management, price hedging, and financial instruments used to stabilize gold pricing.
  • Experience working with hedging tools such as futures, options, swaps, and forward contracts to manage price volatility.
  • Strong analytical and quantitative skills, with the ability to assess market risks and develop mitigation strategies.
  • Demonstrated success in achieving cost stability, process optimization, and risk mitigation.
  • Strong negotiation skills and experience managing supplier relationships across multiple geographies.
  • Ability to work effectively with cross-functional teams, including finance, treasury, and product development.
  • Excellent problem-solving and decision-making skills.

Preferred:

  • Advanced degree in finance, economics, supply chain management, or a related field.
  • Experience with digital tools and financial systems for commodity risk management and procurement.
  • Knowledge of trade policies, import/export regulations, and logistics specific to gold and precious metals.
  • Familiarity with sustainability and ethical sourcing certifications (e.g., Responsible Jewelry Council, Fairtrade Gold, LBMA Good Delivery).