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Commodity Risk Analyst Jobs in Chicago, IL (NOW HIRING)

Flender

Commodity Manager

Elgin, IL · On-site

Risk & Market Analysis: Monitor commodity markets, track supply risks and trends, and identify new suppliers, materials, and innovations. Develop risk mitigation and dual-sourcing strategies.

Flender

Commodity Manager

Elgin, IL

Risk & Market Analysis: Monitor commodity markets, track supply risks and trends, and identify new suppliers, materials, and innovations. Develop risk mitigation and dual-sourcing strategies.

Hendrickson USA, LLC

Commodity Manager

Woodridge, IL · On-site

$79K - $130K/yr

The Commodity Buyer will: * Lead material cost reduction activities for assigned purchased material ... Completes risk analysis and risk mitigation projects to protect Hendrickson supply. * Completes all ...

Entegris

Lead Commodity Manager

Aurora, IL · On-site

Lead Commodity Manager The Role The Global Supply Chain team is integral to enabling Entegris ... analysis, and risk assessment, including long-range capacity and continuity planning. WHY WORK AT ...

Entegris

Lead Commodity Manager

Aurora, IL

Job Title: Lead Commodity Manager The Role The Global SupplyChainteam is integral to enabling ... analysis, and risk assessment, including long-range capacity and continuity planning. WHY WORK AT ...

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 ...

Entegris

Lead, Commodity Manager

Aurora, IL · On-site

Lead, Commodity Manager The Role The Global Supply Chain team is integral to enabling Entegris ... analysis, and risk assessment, including long-range capacity and continuity planning. WHY WORK AT ...

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 ...

Entegris

Lead, Commodity Manager

Aurora, IL

Lead, Commodity Manager The Role The Global SupplyChainteam is integral to enabling Entegris ... analysis, and risk assessment, including long-range capacity and continuity planning. WHY WORK AT ...

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Showing results 1-20

All JobsCommodity Risk Analyst JobsCommodity Risk Analyst Jobs in Chicago, IL

Commodity Risk Analyst information

See Chicago, IL salary details

$60.8K

$91.3K

$154.5K

How much do commodity risk analyst jobs pay per year?

As of Jul 24, 2026, the average yearly pay for commodity risk analyst in Chicago, IL is $91,293.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,600.00 and $105,600.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Commodity Risk Analyst, and why are they important?

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 Chicago, IL? For Commodity Risk Analyst jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Commodity Risk Analyst jobs in Chicago, IL look for? The top searched job categories for Commodity Risk Analyst jobs in Chicago, IL are:
Commodity Risk Analyst jobs near you
Infographic showing various Commodity Risk Analyst job openings in Chicago, IL as of July 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $91,293 per year, or $43.9 per hour.

Commodity Manager

Flender

Elgin, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 24 days ago

Job description

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 Commodity Manager for 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 Commodity Manager for Direct Materials leads sourcing and procurement for strategic direct material categories vital to our manufacturing operations. This role is responsible for supplier relationship management, contract negotiations, cost optimization, and risk mitigation. The Commodity Manager partners closely with Engineering, Operations, R&D, Product Management, and Finance to align procurement strategies with business objectives and drive value, innovation, and continuous improvement.
Job Responsibilities:
  • Strategic Sourcing: Lead sourcing, supplier selection, RFx processes, negotiations, and contract management for assigned direct material categories, in conjunction with corporate Global Commodity Management strategies.
  • Supplier Management: As Supplier Relationship Owner for strategic suppliers, build and maintain strong supplier partnerships. Oversee supplier performance, conduct regular reviews, resolve issues, and drive continuous improvement.
  • Cost Optimization: Build and manage value creation roadmaps - cost savings, avoidance, innovation, working capital, resilience. Analyze spend and market trends to identify and implement cost savings opportunities. Lead end-to-end sourcing events (RFI/RFQ/RFP). Negotiate pricing, terms, and value-added solutions. Develop should-cost and total cost of ownership models.
  • Risk & Market Analysis: Monitor commodity markets, track supply risks and trends, and identify new suppliers, materials, and innovations. Develop risk mitigation and dual-sourcing strategies.
  • Contract Management: Draft, negotiate, and administer contracts with suppliers, ensuring compliance with legal, regulatory, and company requirements.
  • Cross-Functional Collaboration: Work closely with Engineering, Operations, Quality, Finance, and other teams to align procurement with business needs and support new initiatives.
  • Process Improvement: Evaluate and enhance procurement and sourcing processes. Drive continuous improvement using data analytics and KPIs.
  • Compliance: Ensure all procurement activities adhere to 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 direct materials in manufacturing or engineering.
  • Experience with following commodities preferred: Roller bearings, steel castings, gears, hydraulics, machined parts, fasters/hardware.
  • 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).
  • Professional certifications (CPSM, C.P.M., APICS, ASCM) are a plus.
  • Excellent communication, collaboration, and organizational skills.
  • Ability to manage multiple priorities in a fast-paced environment.

Flender as an employer offers:
  • Paid Time Off (18 Days)
  • Paid Holidays
  • Tuition Reimbursement
  • Medical, Dental, Vision, Life Insurance
  • Flexible Spending Account
  • Health Savings Account
  • 401k (6% Employer Match)
  • Employee Assistance Program

Your contact person(s) for this job posting is/are:
Jacob Stupec-Hernandez
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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