ZipRecruiter

Log In

1

Commodity Manager Jobs in Chicago, IL (NOW HIRING)

Trading Interview

Relative Value Trader

Chicago, IL · On-site

$100 - $200/hr

... management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a ...

New

Wolverine

Electronic Options Trader

Chicago, IL · On-site

$100K - $150K/yr

Manage risk and execution across multiple products. * Manage parameters that affect option pricing. * Conduct product-specific research in order to identify idiosyncratic risks. * Identify macro ...

Atkore

Buyer II - North America

Harvey, IL · On-site

Reporting to the Sr. Commodity Manager, this role will be responsible for all aspects of procurement to provide best value and competitive by applying strategic sourcing and purchasing expertise and ...

medplast

MRO Buyer

Wheeling, IL

$65K - $82K/yr

Participates with Strategic Sourcing Commodity management on Supplier Relationship Management (SRM quarterly / bi-annual reviews with key suppliers for the site, as well as participates in Global ...

medplast

MRO Buyer

Wheeling, IL

$65K - $82K/yr

Participates with Strategic Sourcing Commodity management on Supplier Relationship Management (SRM quarterly / bi-annual reviews with key suppliers for the site, as well as participates in Global ...

medplast

MRO Buyer

Wheeling, IL

$65K - $82K/yr

Participates with Strategic Sourcing Commodity management on Supplier Relationship Management (SRM quarterly / bi-annual reviews with key suppliers for the site, as well as participates in Global ...

previous pagenext page

Showing results 21-40

All JobsCommodity JobsCommodity Manager JobsCommodity Manager Jobs in Chicago, IL

Commodity Manager information

See Chicago, IL salary details

$37.6K

$101.1K

$165K

How much do commodity manager jobs pay per year?

As of Aug 21, 2026, the average yearly pay for commodity manager in Chicago, IL is $101,076.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,500.00 and $117,500.00 per year, depending on experience, location, and employer.

What is a commodity manager?

A commodity manager is in charge of purchasing, budgeting, and overall management of goods for a company. They are responsible for ensuring that these transactions and requests comply with company procedures and policies. Commodity manager positions may be found in a variety of different industries, but are especially prevalent in manufacturing and engineering. They work closely with company departments and their clients, advising on purchases and investments. Careful attention to the market is important. Outstanding communication skills are helpful when dealing with clients or prospects. They must have a bachelor’s or master’s degree in business to be successful in this career.

What are the key skills and qualifications needed to thrive as a commodity manager?

To thrive as a Commodity Manager, you need expertise in supply chain management, strategic sourcing, negotiation, and a relevant degree such as business or engineering. Familiarity with procurement software (like SAP or Oracle), market analysis tools, and certifications such as CPSM or CPM are valuable assets. Strong analytical thinking, communication, and relationship management skills help you excel in supplier negotiations and cross-functional collaboration. These abilities ensure cost-effective procurement, risk mitigation, and a reliable supply chain, which are critical for organizational success.

What are some typical challenges a commodity manager faces when balancing supplier relationships and cost targets?

Commodity Managers often face the challenge of maintaining strong supplier relationships while also meeting aggressive cost-saving targets. This requires effective negotiation, a deep understanding of market trends, and the ability to identify alternative sourcing options without compromising on quality or lead time. Navigating supply chain disruptions and aligning supplier capabilities with organizational needs are also common hurdles. Collaborating closely with internal stakeholders, such as engineering and production teams, helps ensure that sourcing strategies support overall business goals.

What is the difference between Commodity Manager vs Purchasing Specialist?

AspectCommodity ManagerPurchasing Specialist
CredentialsBachelor's degree in supply chain, business, or related field; certifications like CPSM or CSCPBachelor's degree often preferred; certifications less common
Work EnvironmentStrategic planning, supplier negotiations, market analysisOrder processing, vendor communication, purchase execution
Industry UsageUsed across manufacturing, retail, and logistics sectorsCommon in procurement departments of various industries
Search & Comparison IntentUnderstanding strategic procurement roles and responsibilitiesFocusing on day-to-day purchasing tasks

The main difference between a Commodity Manager and a Purchasing Specialist lies in their scope and focus. Commodity Managers handle strategic sourcing, supplier relationships, and market analysis for specific commodities, while Purchasing Specialists focus on executing purchase orders and managing vendor communications. Both roles are essential in procurement but serve different functions within the supply chain.

How much do commodity managers make?

Commodity managers typically earn a median annual salary of around $80,000 to $120,000, depending on experience, industry, and location. Senior or specialized commodity managers can earn higher salaries, often exceeding $150,000, especially with certifications and strong negotiation skills.
More about Commodity Manager jobs

What are the most commonly searched types of Commodity jobs in Chicago, IL?

The most popular types of Commodity jobs in Chicago, IL are:

What are popular job titles related to Commodity Manager jobs in Chicago, IL?

For Commodity Manager jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Commodity Manager jobs in Chicago, IL look for?

The top searched job categories for Commodity Manager jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Commodity Manager jobs?

Cities near Chicago, IL with the most Commodity Manager job openings:

Commodity Manager jobs near you
Infographic showing various Commodity Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $101,076 per year, or $48.6 per hour.

Experienced Commodities Options Trader

Belvedere Trading

Chicago, IL • On-site

$150K - $200K/yr

Full-time

Re-posted 15 days ago

Job description

Belvedere Trading is a leading proprietary trading firm. We are a team driven by intellectual curiosity, seeking answers that will change not only how we trade in this technological age, but also the future landscape of the trading industry. 
Our traders provide liquidity to the market through their market-making activities and are the masters of a diverse set of commodities, interest rates, exchange-traded funds (ETF), and equity index options. Traders partner with our technologists to continually engineer and optimize our trading systems to stay on top of the industry. 

As an Experienced Commodities Options Trader, you will help expand and lead Belvedere's presence in commodity derivatives markets. In this role, you will take ownership of strategy development, pricing, and risk across commodity options products. You'll bring strong market intuition, quantitative rigor, and a collaborative mindset to a fast-paced environment where we work together to solve complex problems and push our trading capabilities forward. 
What you'll do
  • Become a leader in options market-making, while being recognized and compensated for your contributions within the firm.  
  • Participate in formal education on quantitative concepts to build your trading knowledge. 
  • Lead market-making and execution across commodity options products, guiding pricing, risk parameters, and strategic direction. 
  • Own and refine trading strategies from ideation through execution, generating insights in high-volume and high-volatility markets. 
  • Identify trends and mispricings by leveraging data, market structure knowledge, and an understanding of supply-demand dynamics across commodities. 
  • Collaborate with technologists and quants to enhance analytics, improve models, and systematize trading workflows that scale. 
  • Develop tools to analyze positional opportunities, evaluate risk, and improve options liquidity. 
  • Manage risk with discipline, monitoring exposures in real time and ensuring adherence to Belvedere's risk philosophy. 
  • Work cross-functionally with research, technology, and trading teams to drive innovation and support the continued evolution of our commodities options trading groups. 
What you'll need
  • 3-7+ years of experience trading commodity options (energy, metals, agriculture, or related markets). 
  • Demonstrated success generating PnL, managing complex risk profiles, and navigating fast-moving markets. 
  • Deep understanding of options pricing, volatility dynamics, and commodity market structure, including fundamental drivers. 
  • Proficiency with analytical and programming tools such as Python, R, or SQL, with the ability to work with large datasets and improve modeling or decision-support systems. 
  • Ability to thoughtfully approach decision-making, thrive under pressure and adapt quickly to changing market conditions. 
  • Excellent communication skills and a team-oriented mindset. 
  • Bachelor's degree or higher in Finance, Engineering, Physics, Mathematics, Economics, Computer Science, or a related technical field. 
$150,000 - $200,000 a year
Additionally, certain positions at Belvedere Trading are eligible for discretionary bonuses. Our employees have access to a variety of benefits, which can be found on our website here.
How We Operate - Core Values 

Team Belvedere: Work seamlessly with others to achieve shared goals. Foster a positive and supportive environment that brings out the best in your teammates.  
Me in Team: Focus on competing and succeeding at the highest level, constantly striving for excellence. 
Own It: Actively address challenges and make decisions that drive positive results, taking ownership of both successes and failures. 
Build Rockets: Bring forward bold, creative ideas and solutions. Be open to experimentation and willing to take calculated risks. 
Passionate Discourse: Encourage and bring innovative, out-of-the-box ideas to discussions, actively contributing to team growth and progress. 
 
Women and underrepresented groups frequently apply for jobs only if they meet 100% of the qualifications. 
We encourage you to break that mold and apply. No candidate is perfect; all have a lot to offer. We welcome your application. 
 
Our Stance

Belvedere is an Equal Opportunity Employer and is committed to providing a non-discriminatory employment environment for its employees. Discrimination against employees and applicants due to race, color, religion, sex, national origin, disability, age, military, and veteran status is prohibited. Belvedere encourages initiatives to increase diversity and provide equal opportunity to all applicants and employees. Belvedere is committed to providing a positive environment in which team members are treated with respect, dignity, and courtesy. Our firm believes in a dynamic culture of inclusion and diversity, where people thrive on individual and organizational characteristics, values, experiences, and backgrounds.
 
Please note that Belvedere Trading does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resumes will become the property of Team Belvedere. No phone calls, please.
 
Work Schedule: Regular and reliable attendance during business hours with the ability to be on-site prior to the start of business on occasion 
Physical: Ability to remain at a desk and concentrate for long periods of time
Amount of Travel Required: None 

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
apply for this job

Apply