Director, Hedging Operations Job at CHS Inc, Inver Grove Heights, MN

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  • CHS Inc
  • Inver Grove Heights, MN

Job Description

Job Description

CHS Inc. is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States that provides grain, food and energy resources to businesses and consumers around the world.  We serve agriculture customers and consumers across the United States and around the world.  Most of our 10,000 employees are in the United States, but today we have employees in 19 countries. At CHS, we are creating connections to empower agriculture.

Summary \n

CHS, Inc. has an exciting opportunity in our CHS Hedging division. CHS Hedging is an agriculture focused Futures Commission Merchant (FCM) with clearing memberships at the Chicago Board of Trade (CBOT), Chicago Mercantile Exchange (CME), New York Mercantile Exchange (NYMEX), and Minneapolis Grain Exchange (MGEX). We are seeking a leader to develop and grow our operations and treasury teams by establishing best-in-class operational processes and controls and leveraging technology to maximize efficiency and accuracy. The Operations Director role is responsible for clearing, reconciliation and balancing, margining, OTC trading, regulatory reporting, customer account management and internal operational controls. The ideal candidate has 10+ years of operations and treasury experience at a Futures Commission Merchant or similar business and brings effective communication skills necessary for interaction with senior executives both internal and external to CHS.

The ideal candidate will be a self-starter with an acumen for attention-to-detail and accuracy, excellent verbal and written communication skills, experience establishing best-in-class processes and the ability to work well independently and as part of a team. We also seek demonstrated experience working in a highly-regulated environment, the ability to manage multiple competing priorities, experience managing a team as well as focus on meeting strict deadlines. 

This hybrid position (3 days in office) is based in Inver Grove Heights, MN.

Responsibilities \n

  • Manage a team of 4-5 team members. 
  • Provide leadership to and oversight of the clearing of exchange-listed futures and options on CME and MIAX.
  • Establishing detailed processes and procedures for all operations and treasury functions.
  • Oversee all operational functions for OTC grain and energy trades, including ISDA and MSA drafting, trade confirmations, settlement, reconciliations, margining and reporting.
  • Filing of daily and monthly regulatory reporting.
  • Oversee the reconciliation of trade data between internal and external systems, ensuring accuracy and timely resolution of discrepancies.
  • Oversee margin and collateral requirements, collaborating with risk as needed.
  • Lead process improvements to increase efficiency and reduce operational risk in trade support activities.
  • Ensure compliance with internal policies, industry regulations, and reporting requirements.
  • Support audits and internal reviews by providing documentation and insights related to trade operations.
  • Establish best-in-class processes for customer account management, onboarding, and KYC.
  • Oversee OTC customer account paperwork reviewing documents for completeness and accuracy.
  • Perform other responsibilities as needed or assigned.

Minimum Qualifications (required)\n

  • Bachelor's degree in Finance, Accounting, Statistics, Economics, Business, Business Administration, or related field
  • 7+ years of experience in a trade support or operations role, preferably in commodities or energy trading. 
  • Prior leadership experience with progressively advancing level of leadership responsibilities
  • Series 3 broker’s license or ability to obtain within first 90 days of hire

Additional Qualifications \n

  • Strong understanding of futures brokerage and clearing, OTC trading and treasury/margining.
  • Exceptional attention to detail, problem-solving skills, and ability to work under tight deadlines.
  • Proficiency in Excel and experience with trade management or ERP systems.
  • Experience with regulated environments such as SEC and CFTC
  • Previous experience in commodity or financial services industry, particularly an FCM
  • Experience with agri-business 
  • Experience with Power BI, SAP, Microsoft Suite
  • Pre-employment screening is based on the job requirements and industry guidelines and may or may not be required for the position. If required, selected candidates must pass pre-employment screenings to include all or a combination of drug, criminal, motor vehicle check, physical requirements and FMSCA Clearinghouse

CHS offers a competitive total rewards package. Compensation includes base wage and, depending upon position, may include other earnings such as bonus, incentives and commissions. Actual pay offered will vary based on multiple factors which may include, without limitation, experience, education, training, specialized skills and certifications, minimum wage/salary requirements under local law.

 

Benefits include medical, dental, vision, wellness programs, life insurance, health and dependent care spending accounts, paid time off, 401(k), pension, profit sharing, short- and long-term disability, tuition reimbursement and adoption assistance, subject to the eligibility requirements for each benefit plan.

 

CHS is an Equal Opportunity Employer/Veterans/Disability.

 

Please note that any communication from a CHS recruiter would be sent using a chsinc.com email address. In addition, a CHS recruiter will not ask for confidential information over the phone or in an email, or request money from a candidate involved in an offer process. If you have questions regarding an employment opportunity, please reach out to chscareers@chsinc.com ; to verify that the communication is from CHS.

Job Tags

Minimum wage, Temporary work, Work at office, Local area,

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