Commodity Manager, Gold at Quince

Job Description

OUR STORY

Quince was started to challenge the existing idea that nice things should cost a lot. Our mission was simple: create an item of equal or greater quality than the leading luxury brands and sell them at a much lower price.

OUR VALUES

Customer First. Customer satisfaction is our highest priority.

High Quality. True quality is a combination of premium materials and high production standards that everyone can feel good about.

Essential design. We don’t chase trends, and we don’t sell everything. We’re expert curators that find the very best and bring it to you at the lowest prices.

Always a better deal. Through innovation and real price transparency we want to offer the best deal to both our customers and our factory partners.

Environmentally and Socially conscious. We’re committed to sustainable materials and sustainable production methods. That means a cleaner environment and fair wages for factory workers.

OUR TEAM AND SUCCESS

Quince is a retail and technology company co-founded by a team that has extensive experience in retail, technology and building early stage companies. You’ll work with a team of world-class talent from Stanford GSB, Google, D.E. Shaw, Stitch Fix, Urban Outfitters, Wayfair, McKinsey, Nike etc.

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).

Quince provides equal employment opportunities to all employees and applications for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran or military status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

Security Advisory: Beware of Frauds

At Quince, we’re dedicated to recruiting top talent who share our drive for innovation. To safeguard candidates, Quince emphasizes legitimate recruitment practices. Initial communication is primarily via official Quince email addresses and LinkedIn; beware of deviations. Personal data and sensitive information will not be solicited during the application phase. Interviews are conducted via phone, in person, or through the approved platforms Google Meets or Zoom—never via messaging apps or other calling services. Offers are merit-based, communicated verbally, and followed up in writing. If personal information is requested to initiate the hiring process, rest assured it will be through secure and protected means.