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

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 ...

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 ...

Cboe Global Markets

Chief Risk Officer

Chicago, IL · On-site

Role Overview Cboe Clear US (Clearinghouse) is registered with the Commodity Futures Trading ... analyzing, and reporting enterprise risks * Partner with sales and product teams to understand the ...

Cboe Global Markets

Chief Risk Officer

Chicago, IL

Role Overview Cboe Clear US (Clearinghouse) is registered with the Commodity Futures Trading ... analyzing, and reporting enterprise risks * Partner with sales and product teams to understand the ...

Topco

Senior Sourcing Analyst - Produce

Itasca, IL · On-site

$80K - $95K/yr

Conduct market research, supplier analysis, and commodity assessments to identify sourcing opportunities and mitigate supply risk. * Evaluate supplier capabilities and recommend supplier selection ...

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Showing results 21-40

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 Aug 14, 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?

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 August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $91,293 per year, or $43.9 per hour.

Experienced Commodities Options Trader

Belvedere Trading

Chicago, IL • On-site

$150K - $200K/yr

Full-time

Re-posted 7 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.

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