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

zahgroup

Global Sourcing Manager

Lincolnshire, IL

$90K - $115K/yr

Develop risk mitigation strategies and drive annual productivity (cost savings) projects to meet ... Commodity and market expertise with a high level of technical competency. Project management ...

Klein Tools

Global Sourcing Manager

Lincolnshire, IL · On-site

$90K - $115K/yr

Develop risk mitigation strategies and drive annual productivity (cost savings) projects to meet ... Commodity and market expertise with a high level of technical competency. Project management ...

Richelieu Foods

Director of Procurement

Wheeling, IL

$170K - $190K/yr

Monitor commodity markets, analyze trends, and develop risk mitigation plans (e.g., forward buying ... Negotiate and manage contracts and SLAs to ensure reliable supply and competitive pricing. * Build ...

Richelieu Foods

Director of Procurement

Wheeling, IL · On-site

$170K - $190K/yr

Monitor commodity markets, analyze trends, and develop risk mitigation plans (e.g., forward buying ... Negotiate and manage contracts and SLAs to ensure reliable supply and competitive pricing. * Build ...

ITW

Strategic Sourcing Manager

Glenview, IL

$125K - $162K/yr

Supply Chain Risk Identification & Mitigation * Identify major supply chain risks across direct and ... Commodity market knowledge - synthesizes market intelligence, spend data, and other business data ...

Lund Boats

Supplier Quality Engineer

Mettawa, IL

$76K - $110K/yr

Develop risk-based scheduling for proactive supplier evaluations. * Excel in a cross-functional team environment with buyers, commodity managers, R&D engineers, and current-product site Supplier ...

Brunswick

Supplier Quality Engineer

Mettawa, IL

$76K - $110K/yr

Develop risk-based scheduling for proactive supplier evaluations. * Excel in a cross-functional team environment with buyers, commodity managers, R&D engineers, and current-product site Supplier ...

Stepan Company

NA Procurement Director

Northbrook, IL · Hybrid

$185K - $250K/yr

... commodity trends, pricing indices, tariffs, and supply risks to inform business and operational ... risk management skills. • Excellent verbal and written communication skills with the ability to ...

Stepan

NA Procurement Director

Northbrook, IL · Hybrid

$185K - $250K/yr

Provide market intelligence on commodity trends, pricing indices, tariffs, and supply risks to ... Strong negotiation, analytical, financial, and risk management skills. Excellent verbal and written ...

Stepan

NA Procurement Director

Northbrook, IL · On-site

$185K - $250K/yr

... commodity trends, pricing indices, tariffs, and supply risks to inform business and operational ... risk management skills. • Excellent verbal and written communication skills with the ability to ...

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

Commodity Risk Manager information

See Zion, IL salary details

$35.1K

$94.3K

$153.9K

How much do commodity risk manager jobs pay per year?

As of Jun 9, 2026, the average yearly pay for commodity risk manager in Zion, IL is $94,298.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,900.00 and $109,600.00 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 cities near Zion, IL are hiring for Commodity Risk Manager jobs? Cities near Zion, IL with the most Commodity Risk Manager job openings:
Commodity Risk Manager jobs near you

Global Sourcing Manager

zahgroup

Lincolnshire, IL

$90K - $115K/yr

Other

Posted 18 days ago

Job description

The Global Sourcing Manager is responsible for all Supply Chain activities associated with the assigned categories. This position will develop, execute, and maintain strategies related to supplier identification and development, sourcing, supplier management, and spend optimization. This position will be closely aligned with all business units in support of new product development and inventory management.

Specific Responsibilities

1. Optimize cost for assigned products, with an emphasis on cost reduction and margin improvement.

2. Develop sourcing strategies and lead contract negotiations.

3. Launch and support new product innovation and drive best practices across category.

4. Develop multiyear category plans for various products including spend consolidation.

5. Plan, organize, direct, control, and communicate all strategic sourcing activities related to assigned spend, from intent to purchase through delivery of commodity/service.

6. Recruit, maintain and manage worldclass suppliers with focus on total cost of ownership improvement.

7. Drive spend analysis activities identifying strategic sourcing opportunities within assigned categories and throughout the Supply Chain environment where applicable.

8. Prepare and review contracts, bids, proposals, and supplier agreements for legal correctness, terms/ conditions, and acceptability of items to specifications.

9. Prepare and present supplier scorecards and business reviews.

10. Develop a system to evaluate supplier quotations that utilizes appropriate negotiation and sourcing strategies to ensure quality, price, delivery, and service across multiple global locations.

11. Analyze market and delivery conditions to determine present and future material availability.

12. Proactively establish and implement countermeasures to negative market trends and missed objective performance.

13. Develop risk mitigation strategies and drive annual productivity (cost savings) projects to meet assigned targets.

14. Negotiate effective cash and inventory management positions with suppliers.

15. Perform other duties as required within the nature and level of work.

Job Qualification Requirements

Bachelors degree in supply chain or related field and five (5) years of procurement related experience are required. MBA preferred. CPM (certified purchasing manager) or CPIM (planning and inventory management) certification is a plus. Proficient in Microsoft Office (Word, Excel, PowerPoint, and Project). Demonstrated understanding of lean principles and demand flow techniques. Commodity and market expertise with a high level of technical competency. Project management, problem solving, and supplier management skills. Must be able to work and effectively communicate with all levels of the company and suppliers.

Physical Demand Requirements

Occasionally required to stand, walk or sit; use hands to finger, handle or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch or crawl; talk or hear; taste or smell. The employee must occasionally lift and/or move objects up to 25 pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

*International travel is required 

This role has an annual salary range of $90,000-$115,000. In addition to salary, you’re eligible for competitive benefits that support you and your family as part of your total rewards package at Klein Tools Inc. Actual compensation is influenced by a wide array of factors, including, but not limited to, skills, experience, and location.

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