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Commodity Risk Manager Jobs in Illinois (NOW HIRING)

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 ...

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 ...

We're looking for an exceptional Futures Risk Program Manager to help shape the future of our core ... Apply Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) regulatory ...

Commodity Analyst

Rockford, IL · On-site

$60K - $85K/yr

Description The Commodity Analyst is responsible for managing commodities to support production ... risk and improve supplier performance. * Convert MRP requirements into purchase orders and manage ...

Commodity Analyst

Rockford, IL · On-site

$60K - $85K/yr

The Commodity Analyst is responsible for managing commodities to support production, inventory ... risk and improve supplier performance. * Convert MRP requirements into purchase orders and manage ...

New

... her commodity * Initiates and manages re-sourcing, dual sourcing and continuous improvement ... risk mitigation, and drives best in class commercial terms * Outlines sourcing decision ...

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

Manage supplier risk, including capacity constraints, technical capability gaps, and supply ... Supports negotiations involving commodity pricing, technical specifications, and supplier ...

... 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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Commodity Risk Manager information

See Illinois salary details

$35.4K

$95K

$155K

How much do commodity risk manager jobs pay per year?

As of Jul 23, 2026, the average yearly pay for commodity risk manager in Illinois is $95,004.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,500.00 and $110,500.00 per year, depending on experience, location, and employer.

How does a Commodity Risk Manager typically collaborate with other departments within an organization?

A Commodity Risk Manager works closely with departments such as procurement, finance, supply chain, and trading to identify and mitigate risks associated with commodity price fluctuations. They often coordinate with procurement teams to develop hedging strategies and ensure contracts align with risk tolerance, as well as with finance to analyze market trends and forecast potential exposures. Regular communication and cross-functional meetings are common to align strategies and maintain a holistic view of the organization's commodity risk profile.

What does a Commodity Risk Manager do?

A Commodity Risk Manager is responsible for identifying, assessing, and managing risks associated with the trading, purchasing, or production of commodities such as oil, gas, metals, or agricultural products. They analyze market trends, develop risk mitigation strategies, and use financial instruments like hedging to protect the company from price volatility. Their role often involves collaborating with traders, analysts, and senior management to ensure that the organization’s commodity exposure aligns with its overall risk appetite and business objectives.

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

To thrive as a Commodity Risk Manager, you need a solid understanding of financial markets, risk assessment, and commodity trading, typically backed by a degree in finance, economics, or a related field. Familiarity with risk management software, trading platforms, and certifications such as FRM (Financial Risk Manager) are highly valuable. Strong analytical thinking, attention to detail, and effective communication skills help you make informed decisions and clearly convey risk assessments. These competencies are crucial for managing exposure, optimizing trading strategies, and safeguarding organizational profitability in volatile commodity markets.

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

AspectCommodity Risk ManagerCommodity Trader
CredentialsRisk management certifications, finance or economics degreesTrading licenses, finance or economics degrees
Work EnvironmentCorporate risk departments, energy, agriculture, or metals companiesTrading floors, financial institutions, commodity firms
Industry UsageFocus on risk mitigation and hedging strategiesFocus on buying and selling commodities for profit

While both roles involve commodities, the Commodity Risk Manager primarily focuses on managing and mitigating risks associated with commodity price fluctuations, whereas the Commodity Trader actively engages in buying and selling commodities to generate profit. The roles often overlap in industry and credentials but differ in their core objectives and daily activities.

What are the most commonly searched types of Commodity Risk jobs in Illinois? The most popular types of Commodity Risk jobs in Illinois are:
What job categories do people searching Commodity Risk Manager jobs in Illinois look for? The top searched job categories for Commodity Risk Manager jobs in Illinois are:
What cities in Illinois are hiring for Commodity Risk Manager jobs? Cities in Illinois with the most Commodity Risk Manager job openings:
Infographic showing various Commodity Risk Manager job openings in Illinois as of July 2026, with employment types broken down into 90% Full Time, 5% Part Time, 2% Contract, 1% Nights, and 2% Summer. Highlights an 88% Physical, 6% Hybrid, and 6% Remote job distribution, with an average salary of $95,004 per year, or $45.7 per hour.

Indirect Commodity Manager

Flender

Elgin, IL • On-site

Full-time

Posted 22 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.