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Director Commodity Risk Management Jobs in Michigan

Set-up steel pricing sheets and distribute to all stampers & commodity buyers * Set-up & update ... Project management / Risk management * Leadership & assertive communication * Basic steel grades ...

(2 openings) Lead Buyer - 5+ years Commodity Buyer - 3+ years Primary Responsibilities Will be ... Manage Risk Mitigation process, including * list of open Purchasing issues (RIO's) * Support ...

Own commercial strategy and supplier management for assigned direct material commodities, with a ... Drive material risk mitigation strategies to address supply continuity, pricing volatility, and ...

Commodity Specialist

Plymouth, MI · On-site

$108K/yr

Own commercial strategy and supplier management for assigned direct material commodities, with a ... Drive material risk mitigation strategies to address supply continuity, pricing volatility, and ...

... risk, and highest value to meet requirements, directs the activities associated with the SCMG ... Four-year degree in Supply Chain Management or related field * Strong team player, able to work ...

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Director Commodity Risk Management information

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 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, and why are they important?

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 are the most commonly searched types of Commodity Risk Management jobs in Michigan? The most popular types of Commodity Risk Management jobs in Michigan are:
What job categories do people searching Director Commodity Risk Management jobs in Michigan look for? The top searched job categories for Director Commodity Risk Management jobs in Michigan are:
What cities in Michigan are hiring for Director Commodity Risk Management jobs? Cities in Michigan with the most Director Commodity Risk Management job openings:
Steel Commodity Buyer

Steel Commodity Buyer

Brose

Auburn Hills, MI • On-site

Full-time

Medical

Posted 29 days ago


Brose rating

7.5

Company rating: 7.5 out of 10

Based on 16 frontline employees who took The Breakroom Quiz


Job description

As a successful family-owned company on a path to global growth, the Brose Group offers challenging responsibilities and exciting career opportunities to performance-driven, skilled specialists with solid professional knowledge and proven career expertise who wish to contribute to our company's success.
Your tasks
  • Negotiate and source steel for Brose plants and Brose stampers in USA & CAN.
  • Manage commercial relationship with Steel partners in USA & CAN.
  • Set-up sourcing file, analyze & negotiate quotes and present final proposal to DM
  • Finalize agreements, set-up award files and sign LOAs with USA & CAN SSC's.
  • Update and validate steel prices in line with supplier index agreements
  • Set-up steel pricing sheets and distribute to all stampers & commodity buyers
  • Set-up & update steel shipping files to calculate quarterly rebates from all SSCs
  • Get Credit Notes from SSCs and provide rebate allocation to AM/EK controlling
  • Maintain & keep all steel records updated as new PNs are added to NA steel pool
  • Support Project buyers providing steel prices for target setting process
  • Get steel specs & volumes from project buyers to support new projects ramp-up
  • Onboard new steel suppliers according to AM strategy & processes (e.g. GTCPs)
  • Support steel shortages at Brose plants and stampers to avoid Customer impact
  • Provide SC & commodity buyers scrap indexes for their scrap recovery calculation
  • Perform detailed cost break-down analysis to identify cost reduction opportunities
  • Identify cost reduction projects and support execution of related RACE measures
  • Monitor index trends, Market intelligence and forward-looking outlooks from commodity experts
  • Support Annual Raw Material premise and quarterly forecast updates

Your Profile
  • Bachelor's degree in Materials Science, Business or Engineering from a four-year college or university
  • 3 - 5 years experience
  • Analytical skills: Index trends & adjustments, cost analysis, demand analysis, etc.
  • Data management: attention to details and proficiency in SAP & Excel
  • Negotiation techniques
  • Supplier relationship & stakeholder management
  • Project management / Risk management
  • Leadership & assertive communication
  • Basic steel grades & properties, stamping process and foreign trade concepts (Incoterms, HTS, tariffs, etc.)

Brose offers a high-tech work environment and a wide range of benefits. Along with competitive performance-based compensation and health insurance, our employees also benefit from attractive social and family-oriented programs throughout our North American locations*. Our benefits packages include comprehensive medical and insurance. Brose also provides educational assistance and a variety of community outreach, family, and sporting events. Flexible working hours and a collaborative work environment give our employees the freedom to balance work and personal life. Brose believes in investing in people. We offer a wide range of development programs with great opportunity for individual growth through training, international or regional assignments and tailored career paths. Our objective is to provide our employees the tools necessary to live a balanced life, experience a rewarding work environment and contribute to our surrounding communities.
*Benefits package may vary slightly per location

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