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Commodity Risk Management Jobs in Illinois (NOW HIRING)

Hendrickson USA, LLC

Commodity Buyer

Woodridge, IL · On-site

$79K - $130K/yr

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

Sbdinc

Lead Category Manager - MRO Americas

Ohio, IL · Hybrid

Strong balance of strategic and operational capabilities, including global sourcing, supplier management, and commodity risk management. * Global mindset with experience working in international and ...

Rural King

Commodities Manager

Mattoon, IL · On-site

Serve as a key contributor to margin improvement by managing cost structures and influencing ... risk, and improve supply chain resilience. * Analyze market conditions, commodity trends, and ...

Rural King

Commodities Manager

Mattoon, IL

Serve as a key contributor to margin improvement by managing cost structures and influencing ... risk, and improve supply chain resilience. * Analyze market conditions, commodity trends, and ...

Rural King

Commodities Manager

Mattoon, IL · On-site

Serve as a key contributor to margin improvement by managing cost structures and influencing ... risk, and improve supply chain resilience. * Analyze market conditions, commodity trends, and ...

DV Trading

Relative Value Trader

Chicago, IL

$200K/yr

... risk 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 ...

DV Trading

Relative Value Trader

Chicago, IL · On-site

$200K/yr

... risk 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 ...

DV Trading

Relative Value Trader

Chicago, IL

$200K/yr

... risk 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 ...

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All JobsCommodity Risk Management JobsCommodity Risk Management Jobs in Illinois

Commodity Risk Management information

See Illinois salary details

$53.8K

$102.3K

$387.1K

How much do commodity risk management jobs pay per year?

As of Jul 4, 2026, the average yearly pay for commodity risk management in Illinois is $102,327.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,600.00 and $82,400.00 per year, depending on experience, location, and employer.

What is a Commodity Risk Management job?

A Commodity Risk Management job involves identifying, analyzing, and mitigating risks related to price volatility in commodities like oil, gas, metals, and agricultural products. Professionals in this field develop strategies using financial instruments like futures, options, and swaps to hedge price fluctuations. They work closely with traders, analysts, and finance teams to ensure companies can manage costs and protect profitability. Their role requires a strong understanding of market dynamics, risk assessment, and regulatory compliance.

What are the key skills and qualifications needed to thrive in the Commodity Risk Management position, and why are they important?

To thrive in Commodity Risk Management, you need strong analytical skills, a solid understanding of financial markets, commodities trading, and quantitative risk assessment, often supported by a relevant degree such as finance, economics, or mathematics. Familiarity with risk management software, trading platforms, Excel, and certifications like FRM (Financial Risk Manager) or CFA are highly valued. Excellent communication, decision-making skills, and the ability to work well under pressure make candidates stand out. These competencies are crucial for accurately assessing market risks, making informed recommendations, and protecting organizational interests in a dynamic market environment.

What are some of the main challenges faced by professionals in Commodity Risk Management?

Professionals in Commodity Risk Management often face challenges such as rapidly changing market conditions, geopolitical events affecting commodity prices, and the need to interpret large volumes of complex data. Navigating price volatility requires staying updated on global trends and making quick, informed decisions to mitigate potential losses. Additionally, effective collaboration with trading, procurement, and finance teams is essential to align risk strategies with broader business goals. Despite these challenges, the role offers a dynamic work environment and opportunities to develop valuable expertise in a highly specialized field.

What are the most commonly searched types of Commodity Risk Management jobs in Illinois? The most popular types of Commodity Risk Management jobs in Illinois are:
What are popular job titles related to Commodity Risk Management jobs in Illinois? For Commodity Risk Management jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Commodity Risk Management jobs in Illinois look for? The top searched job categories for Commodity Risk Management jobs in Illinois are:
What cities in Illinois are hiring for Commodity Risk Management jobs? Cities in Illinois with the most Commodity Risk Management job openings:
Commodity Risk Management jobs near you
Commodity Buyer

Commodity Buyer

Hendrickson USA, LLC

Woodridge, IL • On-site

$79K - $130K/yr

Full-time

Posted 29 days ago

Hendrickson rating

7.1

Company rating: 7.1 out of 10

Based on 36 frontline employees who took The Breakroom Quiz

214th of 421 rated machine equipment manufacturers

Job description

The Truck Commercial Vehicle Systems Group of Hendrickson is looking for a Commodity Buyer to join our purchasing team in Woodridge, IL.
Hendrickson is searching for an experienced supply chain professional to perform the strategic purchasing functions for assigned commodities, projects, and/or new product development programs. Works cross-functionally with all functional groups to manage supplier related opportunities. Responsible for developing optimal supply chain solutions for assigned purchased material. Takes an active role in improving processes and procedures to improve the overall effectiveness of the department.
The Commodity Buyer will:
  • Lead material cost reduction activities for assigned purchased material. Expected to independently identify cost reduction opportunities on a regular basis.
  • Takes steps to minimize excess and obsolete inventory when usage is decreasing and negotiates to reduce costs when usage is increasing.
  • Identifies and leverages opportunities by developing and managing contractual relationships as needed.
  • Develop, foster, and enhance multi-departmental relationship(s) between Hendrickson Truck and key suppliers.
  • Closes open supply base related issues efficiently and effectively.
  • Assess current supply base on an on-going basis and recommend changes/alternatives that reduce purchased material cost and/or add higher value to purchased components.
  • Monitor the marketplace for assigned commodities to identify trends, technology advancements, risk mitigation strategies, and cost-efficient alternatives to the status quo.
  • Lead cross-functional analysis to prepare recommendation(s) for make vs. buy decisions.
  • Consistently collaborates with other Hendrickson divisions to identify and leverage total spend and/or standardization opportunities that will reduce overall costs to Hendrickson.
  • Ensure an uninterrupted supply of materials to production facilities through strategic management of the supply base.
  • Completes risk analysis and risk mitigation projects to protect Hendrickson supply.
  • Completes all purchasing tasks involved with the engineering change request process (e.g., RFQ, negotiation of costs and timing, supplier PPAP, etc.).
  • Coordinate all aspects of Hendrickson "Warranty Recovery" Program regarding established warranty parameters for assigned commodities.
  • Clearly documents relevant information about assigned parts and suppliers per department documentation guidelines.
  • Maintains pricing agreements for all assigned purchased material and resolves any invoice discrepancies in a timely manner.
  • Monitor and account for all fluctuations in purchase price variance (PPV) for assigned purchased material.
  • Other duties as assigned.

The successful candidate will possess:
  • Bachelor's degree or MBA in Business or related field.
  • Supply Chain concentration preferred.
  • Professional designations or Certifications by recognized Purchasing organizations preferred.
  • 2+ years of related supply chain work experience.
  • Competence with Microsoft Office software required.
  • Familiar with and working experience in an IATF-16949 or other Quality regulated manufacturing environment.
  • Demonstrated negotiation success.
  • Proficient in reading blueprints for engineered components.
  • Demonstrated interpersonal and problem-solving skills required.
  • Ability to plan, prioritize, and manage workload with independence.
  • Highly competent communicator.
  • Proven ability to concisely summarize, present, and discuss analysis & recommendations.
  • High energy level and strong self-motivation.
  • High standards of integrity required.
  • Planning and organizational skills with an ability to handle a multitude of projects.

Physical demands of this role:
  • Frequent sitting and working at computer for extended periods of time.
  • Office setting.
  • Minimal exposure to R&D lab and manufacturing setting.

We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, or other characteristics protected by law.
In accordance with applicable pay transparency laws, the salary range for this position is $79,000-130,000 annually depending on experience. Final compensation will be determined based on factors such as experience, education, qualifications, and other job-related criteria. This pay range is provided to ensure transparency and compliance with local, state, and federal regulations.
LIFE AT [H] - Hendrickson Careers
https://www.hendrickson-intl.com/work-for-us/life-at-hendrickson

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