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Director Commodity Risk Management Jobs in Massachusetts

Watts

Global Commodity Manager

Andover, MA · On-site

$123K - $148K/yr

This position has no direct reports. This position reports to the Director, Direct Sourcing. This ... Maintain a Supplier Risk Management Program, focusing on capacity, quality, and delivery. Required ...

Fred C. Church

Team Leader, Risk Management

Lowell, MA · On-site

The Team Leader, Risk Management (TLRM) works with the Commercial Lines teams to assist our larger ... Direct experience is preferred with one or more of the following verticals and all lines of ...

Fred C. Church

Team Leader, Risk Management

Lowell, MA · On-site

The Team Leader, Risk Management (TLRM) works with the Commercial Lines teams to assist our larger ... Direct experience is preferred with one or more of the following verticals and all lines of ...

Gwkinvest

Director, Investment Risk

Boston, MA · On-site

$200 - $250/hr

Building upon GW&K's current investment risk management practices, this function will provide ... The Director, Investment Risk will partner closely with investment professionals, Product ...

Kroll

Managing Director, Cyber Risk (Boston)

Boston, MA · On-site

We are seeking a Managing Director to lead and expand our Cybersecurity Advisory practice serving ... The ideal candidate brings deep expertise in cybersecurity strategy and risk management, a strong ...

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Director Commodity Risk Management information

What does a director of commodity risk management do?

A Director of Commodity Risk Management oversees a company's strategies to identify, assess, and mitigate risks related to the buying, selling, and price fluctuations of commodities such as oil, gas, metals, or agricultural products. This role involves analyzing market trends, developing risk management policies, and implementing hedging strategies to protect the company's financial interests. Directors in this position also coordinate with procurement, finance, and trading teams to ensure compliance with regulations and optimize risk exposure. Their expertise helps organizations manage volatility in commodity markets and make informed business decisions.

What are the key skills and qualifications needed to thrive as a director of commodity risk management?

A Director of Commodity Risk Management needs strong analytical skills, deep understanding of commodity markets, and typically a degree in finance, economics, or a related field, often accompanied by significant industry experience. Expertise in risk management systems, trading platforms, and certifications like FRM (Financial Risk Manager) or CFA are commonly required. Exceptional leadership, strategic thinking, and communication skills help in influencing stakeholders and leading risk mitigation initiatives. These competencies are crucial for effectively identifying, assessing, and managing risks in volatile commodity markets to protect and enhance company value.

What are some of the main challenges faced by a director of commodity risk management, and how can one prepare for them?

A Director of Commodity Risk Management often faces the challenge of navigating volatile markets, rapidly changing global economic conditions, and regulatory compliance. Staying ahead requires continuous market analysis, strong cross-functional collaboration with finance, procurement, and operations teams, and the ability to develop robust hedging strategies. Candidates can prepare by gaining experience in quantitative analysis, building strong communication skills, and staying updated on industry trends and regulatory changes. Leveraging advanced analytics tools and fostering relationships with key stakeholders are also crucial for success in this role.

What is the difference between Director Commodity Risk Management vs Commodity Risk Analyst?

AspectDirector Commodity Risk ManagementCommodity Risk Analyst
CredentialsTypically requires a bachelor’s degree, often with certifications like FRM or CFAUsually holds a bachelor’s degree, sometimes pursuing certifications
Work EnvironmentStrategic, leadership-focused, overseeing risk management teamsAnalytical, data-driven, supporting risk strategies
Employer & Industry UsageUsed in large corporations, trading firms, and energy companiesCommon in trading houses, financial institutions, and commodity firms

The main difference is that the Director Commodity Risk Management leads and develops risk strategies at a high level, while the Commodity Risk Analyst focuses on analyzing data and supporting risk decisions. Both roles require strong knowledge of commodities and risk management, but differ in scope and responsibility.

What are popular job titles related to Director Commodity Risk Management jobs in Massachusetts?

For Director Commodity Risk Management jobs in Massachusetts, the most frequently searched job titles are:

What job categories do people searching Director Commodity Risk Management jobs in Massachusetts look for?

The top searched job categories for Director Commodity Risk Management jobs in Massachusetts are:

What cities in Massachusetts are hiring for Director Commodity Risk Management jobs?

Cities in Massachusetts with the most Director Commodity Risk Management job openings:

Director Commodity Risk Management jobs near you

Global Commodity Manager

Westborough, MA • On-site

LG Energy Solution Michigan, Inc.
See more jobs at LG Energy Solution Michigan, Inc.external

$130K - $150K/yr

Full-time

Re-posted 17 days ago

Key responsibilities

  • Generate RFPs, select suppliers, and execute purchase orders to support procurement needs.

  • Build and maintain relationships with critical suppliers, monitor their performance, and lead business reviews.

  • Manage contracts throughout their lifecycle, ensuring compliance and timely renewal or termination decisions.

Job description

Global Commodity Manager

Position Overview

We are seeking a highly skilled Global Commodity Manager to lead our procurement and supply chain strategy for high-value, medium voltage inverters. This role will focus on developing strategic supplier relationships, creating and managing contracts, generating RFP’s, and executing purchase orders to support our exceptional growth in grid scale energy storage integration.  

Primary Responsibilities

Category Strategy Development:

  • Generate RFP’s and execute supplier selection processes to optimize total cost of ownership and supplier alignment with quality and performance standards.
  • Monitor and refine key performance indicators (KPIs) to drive supply chain efficiency and cost savings.
  • Develop and implement a long-term roadmap for strategically sourcing medium voltage inverters for grid scale energy storage systems.

Supplier Relationship Management:

  • Build and maintain strong partnerships with critical suppliers to foster collaboration and innovation.
  • Develop strategies to enhance supplier performance and reliability.
  • Monitor supplier performance and lead key supplier Business Reviews.

Contract Management:

  • Ensure Master Supply Agreements achieve LG ESVT’s goals of cost management, quality, and service while maintaining supplier accountability.
  • Responsible for contract lifecycle management, including enforcing LG ESVT/Supplier obligations and leading timely action on contract renewal/termination decisions.

Purchase Order Execution:

  • Lead procurement processes from requisition and Purchase Order issuance through delivery.
  • Drive agenda for weekly meetings with strategic suppliers, to ensure all LG ESVT teams are aligned for project execution with these suppliers.  

Risk Management:

  • Identify and mitigate supply chain risks, including supplier financial stability, supplier quality, and geopolitical concerns.
  • Proactively address potential supply chain disruptions, including maintaining cadence with alternative suppliers. 

Qualifications

  • 5+ years of experience in supply chain management, with a focus on strategic sourcing and commodity management.
  • Strong product background in batteries, medium voltage transformers, inverters, or other relevant commodities for energy storage integration.  
  • Proven expertise in supplier negotiation, contract management, and relationship building.
  • Strong analytical and problem-solving skills, with proficiency in supply chain management software and data analytics tools.
  • Excellent communication and leadership skills, with experience in mentoring and developing high-performing teams.
  • Proven ability to develop and nurture strategic relationships within the renewables sector, complemented by a strong and extensive professional network.

Key Competencies

  • Strategic Thinking: Ability to develop and implement procurement strategies that support company growth and cost efficiency.
  • Relationship Management: Skilled in managing complex relationships with stakeholders and suppliers, while collaborating effectively across functions.
  • Risk Assessment: Proficient in identifying and mitigating supply chain risks proactively.
  • Innovation and Process Improvement: Drive continuous improvement in supply chain practices.

Education Experience

  • B.S. in Engineering, Supply Chain Management, or a related field; MS/MBA preferred. Significant relevant industry experience may be considered in lieu of advanced degrees.

Travel:

• 20% (if local), 40% (if remote)

Reporting Structure:

• This position reports to the Senior Manager – Strategic Sourcing