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

WeatherTech

Director of Purchasing

Bolingbrook, IL · On-site

$175K - $190K/yr

Develop and execute risk management strategies, including supply continuity planning, dual sourcing ... Experience with commodity markets and index-based pricing * Proven leadership ability with ...

Primient

Manager, Chemicals Procurement

Schaumburg, IL · On-site

Deep understanding of global chemical and commodity markets, including price risk management and ... hedging strategies. * Experience in chemical sourcing, logistics, and compliance with REACH/TSCA ...

Primient

Manager, Chemicals Procurement

Schaumburg, IL · On-site

Deep understanding of global chemical and commodity markets, including price risk management and ... hedging strategies. * Experience in chemical sourcing, logistics, and compliance with REACH/TSCA ...

DV Trading

Portfolio Manager

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

Portfolio Manager

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 ...

AMS Industries, Inc

Purchasing Director

Bolingbrook, IL · On-site

$120 - $140K/hr

Develop and maintain AMS commodity purchasing and material-management processes using Spectrum ERP, ... risk, vendor capacity, and procurement strategy input. What You Bring * 5 to 10+ years of ...

OFI

Dairy Trader

Chicago, IL · On-site

$116K - $154K/yr

The role blends market analysis, risk management, trade execution, and strategic commercial ... Manage a physical dairy commodity trading book, including buy-sell decision-making and execution ...

BISCO, Inc.

Purchasing Manager

Schaumburg, IL · On-site

$110K - $129K/yr

Monitor commodity and market trends * Serve as functional owner of BISCO's purchasing processes ... Risk management and supply continuity planning * Excellent written and verbal communication skills

BISCO, Inc.

Purchasing Manager

Schaumburg, IL · On-site

$110K - $129K/yr

Monitor commodity and market trends * Serve as functional owner of BISCO's purchasing processes ... Risk management and supply continuity planning * Excellent written and verbal communication skills

Marex

Senior Trading Support Analyst - VN2612

Chicago, IL · On-site

$70K - $125K/yr

The Group provides access to the world's major commodity markets, covering a broad range of clients ... To provide input to risk management processes, as required . The Company may require you to carry ...

Marex

Senior Trading Support Analyst - VN2612

Chicago, IL

$70K - $125K/yr

The Group provides access to the world's major commodity markets, covering a broad range of clients ... To provide input to risk management processes, as required . The Company may require you to carry ...

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

Commodity Risk Manager information

See Chicago, IL salary details

$37.6K

$101K

$164.8K

How much do commodity risk manager jobs pay per year?

As of Jul 23, 2026, the average yearly pay for commodity risk manager in Chicago, IL is $100,997.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,400.00 and $117,400.00 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 Chicago, IL? The most popular types of Commodity Risk jobs in Chicago, IL are:
What are popular job titles related to Commodity Risk Manager jobs in Chicago, IL? For Commodity Risk Manager jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Commodity Risk Manager jobs in Chicago, IL look for? The top searched job categories for Commodity Risk Manager jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Commodity Risk Manager jobs? Cities near Chicago, IL with the most Commodity Risk Manager job openings:
Commodity Risk Manager jobs near you
Infographic showing various Commodity Risk Manager job openings in Chicago, IL as of July 2026, with employment types broken down into 91% Full Time, 5% Part Time, 2% Contract, and 2% Summer. Highlights an 88% Physical, 6% Hybrid, and 6% Remote job distribution, with an average salary of $101,076 per year, or $48.6 per hour.
Director of Purchasing

Director of Purchasing

WeatherTech

Bolingbrook, IL • On-site

$175K - $190K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 22 days ago

WeatherTech rating

6.1

Company rating: 6.1 out of 10

Based on 15 frontline employees who took The Breakroom Quiz

Job description

Director of Purchasing


WeatherTech is seeking a well-qualified Director of Purchasing to develop and execute companywide sourcing and procurement strategies that optimize cost, quality, service, and risk. This role drives supplier innovation, operational efficiency, and cross-functional alignment to support the company’s financial and strategic objectives.


The Director of Purchasing oversees all procurement functions, including strategic sourcing, contract negotiation, supplier performance management, and inventory optimization. Additionally, this role incorporates commodity market intelligence, index-based pricing models, and financial hedging strategies (e.g., futures and forward contracts) to mitigate cost volatility, enhance forecasting accuracy, and protect margins.


This is an on-site position at our corporate office located in Bolingbrook, IL.


As the Director of Purchasing, you will

  • Develop and execute a comprehensive procurement strategy aligned with organizational goals, growth plans, and financial targets
  • Serve as a strategic advisor to executive leadership on supply market dynamics, risks, and opportunities
  • Establish KPIs and performance metrics to drive procurement effectiveness and continuous improvement
  • Establish inventory strategies to align with production demand, service levels and working capital targets
  • Lead companywide strategic sourcing initiatives, including RFPs, supplier selection, and complex contract negotiations
  • Build and maintain executive level relationships with key suppliers to drive value, innovation, and service excellence
  • Develop supplier segmentation and performance management programs, including scorecards and business reviews
  • Identify and implement cost reduction, value-engineering, and supplier innovation opportunities
  • Manage procurement budgets and deliver measurable cost savings and cost avoidance initiatives
  • Analyze market trends, pricing models, and total cost of ownership to inform sourcing decisions
  • Monitor relevant commodity markets and indices (e.g., metals and raw materials) and incorporate index-based pricing into supplier agreements where appropriate
  • Partner with Finance to evaluate and implement hedging strategies, including futures, forwards, and other financial instruments, to stabilize input costs and reduce exposure to price volatility
  • Develop and execute risk management strategies, including supply continuity planning, dual sourcing, and scenario analysis
  • Partner with Finance, Operations, Engineering, and other departments to align procurement strategies with business needs
  • Support new product development and operational initiatives through early supplier engagement
  • Act as the primary liaison between internal stakeholders and external suppliers
  • Perform other duties as assigned


Qualifications

  • Bachelor’s degree in Supply Chain Management, Business, Finance, or related field required (MBA or advanced degree preferred)
  • 10+ years of manufacturing procurement or supply chain experience, including 5+ years in a leadership role
  • Experience managing complex supplier networks and high value contracts
  • Deep expertise in strategic sourcing, contract negotiation, and supplier relationship management
  • Strong financial acumen with the ability to analyze cost structures, market trends, and total cost of ownership
  • Experience with commodity markets and index-based pricing
  • Proven leadership ability with experience building and managing high performing teams
  • Excellent communication and executive presentation skills
  • Advanced analytical, problem solving, and decision-making capabilities
  • Experience with ERP systems and procurement technologies
  • Authorized to work in the United States


Why you’ll love working at WeatherTech

WeatherTech is proud to offer employees a competitive salary and benefits package, opportunities for internal promotions and skill development, and a clean and safe workspace. Employees are offered an array of perks including:

  • Outstanding BlueCross BlueShield of Illinois medical plans; as well as dental, vision, short- and long-term disability, and company-paid life insurance
  • 401(k) with employer matching
  • Paid vacation, holidays, and personal time







What WeatherTech employees say

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