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Director Commodity Risk Management Jobs in Michigan

The Global Commodity Buyer is responsible for developing and executing global sourcing strategies ... Risk Management and Supply Continuity: * Identify and mitigate supply chain risks, develop ...

... management technologies that improve the efficiency and performance of vehicles with both ... time reduction, risk mitigation, sustainability, and service improvements. * Partners with ...

Manage RFQ's to the supply base according to the commodity strategy to support Operational ... Minimize collective risk through favorable raw material, currency, and other adjustment mechanisms.

... time reduction, risk mitigation, sustainability, and service improvements. * Partners with ... Demonstrated leadership experience and people management skills. * 4-year degree in business or ...

Manage RFQ's to the supply base according to the commodity strategy to support Operational ... Minimize collective risk through favorable raw material, currency, and other adjustment mechanisms.

... management technologies that improve the efficiency and performance of vehicles with both ... time reduction, risk mitigation, sustainability, and service improvements. * Partners with ...

Commodity Specialist

Plymouth, MI · On-site

$108K/yr

... management for assigned direct material commodities, with a focus on polymers and elastomers ... Drive material risk mitigation strategies to address supply continuity, pricing volatility, and ...

Risk Management * Collaborate with quality, patient safety, accreditation and regulatory compliance ... Bachelor's Degree in Patient Care Related field Minimum Experience: 3 years direct patient care ...

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

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

Global Commodity Buyer

Southfield, MI • On-site

TRG
Recruiting and Staffing Services • 11 - 50 employees

Other

This job post has expired 1 day ago. Applications are no longer accepted.


Job description

The Global Commodity Buyer is responsible for developing and executing global sourcing strategies for assigned commodities to ensure continuity of supply, cost competitiveness, quality and compliance with customer and regulatory requirements. Operating within a Tier 1 automotive manufacturing environment, this role manages supplier relationships across multiple regions, negotiates commercial agreements and collaborates cross functionally with Engineering, Quality, Operations, Program Management and Finance to support current production and new program launches.
RESPONSIBILITIES
  • Compliance and Governance:
    • Ensure compliance with company purchasing policies, ethical sourcing standards and trade requirements. Support sustainability, regulatory and customer requirements.
    • Maintain audit-ready documentation and sourcing approvals
  • Global Commodity Strategy and Sourcing:
    • Develop and execute global sourcing strategies for assigned commodities.
    • Define supplier footprint, sourcing models and localization strategies.
    • Monitor commodity market trends, capacity constraints and cost drivers.
  • Supplier Selection and Commercial Negotiations:
    • Lead RFQs/RFPs, supplier evaluations and sourcing decisions.
    • Conduct commercial negotiations (pricing, LTAs, tooling, payment terms, indexation)
    • Award business in alignment with internal approval and governance processes.
  • Cost Management and Value Creation:
    • Drive year-over-year cost reductions and total cost of ownership improvements.
    • Perform cost analysis and cost modeling, track and validate savings with Finance.
  • Supplier Relationship and Performance Management:
    • Manage global supplier relationships across quality, cost, delivery and responsiveness.
    • Support supplier performance reviews and corrective action follow up.
  • New Program and Launch Support:
    • Support new product launches by ensuring suppliers meet APQP, PPAP and SOP requirements and coordinate sourcing timelines with internal stakeholders.
    • Ensure tooling, capacity and commercial readiness to support launch milestones.
  • Risk Management and Supply Continuity:
    • Identify and mitigate supply chain risks, develop contingency plans
    • Lead supplier-related escalation management during disruptions
  • Health, Safety and Wellness:
    • Prioritize safety and comply with the Health and Safety Management System.
    • Support risk reduction, hazard identification and continuous improvement efforts.
    • Ensure compliance with health, safety and wellness legislation and standards.
    • Uphold and adhere to the Code of Ethics and Professional Conduct.
  • Environmental:
    • Promote the global Environmental Management System with a focus on footprint reduction, recycling and resource efficiency.
    • Ensure compliance with environmental legislation and standards.
REQUIREMENTS
  • Bachelors Degree in Supply Chain Management, Business Administration, Purchasing or Procurement Management or other related field - or equivalent experience
  • 5-10 years of progressive purchasing or strategic sourcing experience.
  • Majority of experience is typically in:
  • Tier 1 automotive suppliers or OEM automotive manufacturing
  • Contract and negotiation experience
  • Microsoft Office - Excel, PowerPoint, Word
  • ERP Systems
  • eSourcing / RFQ platforms
  • Supplier performance management tools
  • Costing and Financial Analysis Tools
  • Automotive Specific Systems and Processes - PPAP, APQP