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Commodity Risk Analyst Jobs in Illinois (NOW HIRING)

Flender

Indirect Commodity Manager

Elgin, IL · On-site

Indirect Commodity Manager Company Description Flender is a leading global supplier for mechanical ... Risk & Market Analysis: Track market conditions, manage supply risks, and identify new suppliers ...

Flender

Indirect Commodity Manager

Elgin, IL

Indirect Commodity Manager Company Description Flender is a leading global supplier for mechanical ... Risk & Market Analysis: Track market conditions, manage supply risks, and identify new suppliers ...

Barry Callebaut

Sr Analyst, Pricing

Chicago, IL · Hybrid

$82K - $92K/yr

About the Position As a Senior Pricing Analyst for FM & Cocoa, you will play a critical role in ... delivery, and risk management in a highly dynamic cocoa and commodity environment. Job ...

Robinhood

Futures Risk Program Manager

Chicago, IL · On-site

Leverage advanced analytics tools to uncover risk trends and provide actionable insights for ... Apply Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) regulatory ...

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All JobsCommodity Risk Analyst JobsCommodity Risk Analyst Jobs in Illinois

Commodity Risk Analyst information

See Illinois salary details

$57.2K

$85.9K

$145.4K

How much do commodity risk analyst jobs pay per year?

As of Aug 14, 2026, the average yearly pay for commodity risk analyst in Illinois is $85,876.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,400.00 and $99,300.00 per year, depending on experience, location, and employer.

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

To thrive as a Commodity Risk Analyst, you need strong quantitative and analytical skills, a background in finance, economics, or a related field, and familiarity with commodity markets. Expertise in risk management software, Excel, and data analysis tools, as well as certifications like FRM or CFA, are often required. Attention to detail, problem-solving abilities, and effective communication are crucial soft skills for interpreting data and conveying risk insights to stakeholders. These skills are essential for accurately identifying, assessing, and mitigating commodity-related risks, which supports informed decision-making and financial stability.

What are some common challenges faced by commodity risk analysts in managing market volatility?

Commodity Risk Analysts often encounter the challenge of reacting quickly to sudden price swings driven by global events, supply chain disruptions, or regulatory changes. Staying updated with real-time market data and effectively communicating risk exposures to stakeholders are crucial aspects of the role. Analysts must also balance quantitative analysis with qualitative judgment to develop strategies that minimize potential losses while supporting business objectives. Building strong relationships across trading, procurement, and finance teams helps facilitate informed decision-making in a highly dynamic environment.

What is the difference between Commodity Risk Analyst vs Commodity Trader?

AspectCommodity Risk AnalystCommodity Trader
Primary FocusAssessing and managing risks related to commodity price fluctuationsBuying and selling commodities to profit from price changes
Skills & CertificationsRisk management, financial analysis, certifications like FRM or CFAMarket analysis, negotiation, trading platforms experience
Work EnvironmentFinancial institutions, energy companies, trading firmsTrading floors, commodity markets, brokerage firms

While both roles involve commodities, a Commodity Risk Analyst focuses on identifying and mitigating risks associated with commodity price volatility, often working in risk management departments. In contrast, a Commodity Trader actively engages in buying and selling commodities to generate profit, often working in trading desks or brokerage firms. Understanding these differences helps clarify career paths and employer expectations in the commodity industry.

What does a commodity risk analyst do?

A Commodity Risk Analyst is responsible for identifying, assessing, and managing risks associated with trading and investing in commodities such as oil, gas, metals, or agricultural products. They analyze market trends, price movements, and external factors that could impact commodity prices to help companies make informed decisions. Their work often involves using quantitative models and risk management tools to minimize potential losses and maximize profitability. Additionally, they may provide recommendations for hedging strategies and ensure compliance with relevant regulations.

What are popular job titles related to Commodity Risk Analyst jobs in Illinois?

For Commodity Risk Analyst jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Commodity Risk Analyst jobs in Illinois look for?

The top searched job categories for Commodity Risk Analyst jobs in Illinois are:

What cities in Illinois are hiring for Commodity Risk Analyst jobs?

Cities in Illinois with the most Commodity Risk Analyst job openings:

Commodity Risk Analyst jobs near you
Infographic showing various Commodity Risk Analyst job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $85,876 per year, or $41.3 per hour.

Indirect Commodity Manager

Flender

Elgin, IL • On-site

Full-time

Re-posted 15 days ago

Job description

Indirect Commodity Manager
Company Description
Flender is a leading global supplier for mechanical drive systems and has the reputation for highest performance, innovation, quality, and reliability of mechanical components for 125 years.
We're now hiring a talented "Indirect Commodity Manager" our team in Elgin, IL on a full-time basis. If you're eager for your next challenge, Flender is a great place to grow your career.
For more information on Flender, please see website: www.flender.com
Equal Employment Opportunity Statement
Flender is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, ancestry, national origin, sex, sexual orientation, gender identity, age, marital status, family responsibilities, pregnancy, genetic information, protected veteran or military status, other categories protected by federal, state, or local law, and regardless of whether the qualified applicants are individuals with disabilities.
Job Summary:
The Indirect Commodity Manager oversees the sourcing and procurement of indirect materials and services-including as MRO, IT, facilities, and professional services. This role manages supplier relationships, contract negotiations, and cost optimization, while ensuring compliance with company policies and driving continuous improvement. The Indirect Commodity Manager collaborates with internal stakeholders to align procurement strategies with business objectives and works directly with the strategic global Procurement organization to support the strategy of the Flender Group.
Job Responsibilities:
  • Strategic Sourcing: Lead sourcing, supplier selection, RFQ/RFP processes, negotiations, and contract management for assigned indirect spend categories.
  • Supplier Management: Build and maintain strong supplier partnerships. Monitor supplier performance, resolve issues, and drive continuous improvement.
  • Cost Optimization: Analyze spend and market trends to identify and implement cost savings opportunities. Negotiate pricing, terms, and value-added services.
  • Risk & Market Analysis: Track market conditions, manage supply risks, and identify new suppliers, technologies, and innovations.
  • Contract Management: Draft, negotiate, and administer supplier contracts, ensuring compliance with legal and regulatory requirements.
  • Cross-Functional Collaboration: Partner with Engineering, Operations, Finance, and other teams to align procurement with business needs and support new initiatives.
  • Process Improvement: Continuously evaluate and improve procurement processes using data analytics and KPIs. Implement best practices to increase efficiency.
  • Compliance: Ensure all procurement activities follow company policies, industry regulations, and ethical standards.

Required Knowledge/Skills, Education, and Experience:
  • Bachelor's degree in Supply Chain Management, Business, Engineering, or related field.
  • Minimum 5 years of procurement or sourcing experience, with focus on indirect spend (MRO, IT, facilities, services, etc.).
  • Experience in the mechanical engineering or manufacturing sector preferred.
  • Professional certifications (CPSM, C.P.M., APICS, ASCM) are a plus.
  • Strong negotiation, supplier management, and contract administration skills.
  • Proficiency with ERP/procurement systems (e.g., SAP, Coupa) and data analysis tools (Celonis, SAP Analytics Cloud, Excel).
  • Excellent communication, collaboration, and organizational skills.
  • Ability to manage multiple priorities in a fast-paced environment.

Your contact person(s) for this job posting is/are:
AnnMarie Day
Flender is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability unrelated to ability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, order of protection status, protected veteran or military status, or an unfavorable discharge from military service, and other categories protected by federal, state or local law.

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