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Intern Commodity Risk Management Jobs in Michigan

Dana Incorporated

Buyer II, Forgings

Novi, MI · On-site

... for managing strategic sourcing and supply chain activities for designated forging commodity ... risk mitigation. • Proactively initiate contract renewal and renegotiation activities prior to ...

Dana Incorporated

Buyer II, Forgings

Novi, MI · On-site

... for managing strategic sourcing and supply chain activities for designated forging commodity ... risk mitigation. • Proactively initiate contract renewal and renegotiation activities prior to ...

Dana Incorporated

Buyer II, Forgings

Novi, MI

... risk mitigation. Proactively initiate contract renewal and renegotiation activities prior to ... Support departmental and corporate objectives through effective commodity management. Present ...

Dana Incorporated

Buyer II, Forgings

Novi, MI · On-site

... for managing strategic sourcing and supply chain activities for designated forging commodity ... risk mitigation. • Proactively initiate contract renewal and renegotiation activities prior to ...

Dana Incorporated

Buyer II, Forgings

Novi, MI · On-site

... for managing strategic sourcing and supply chain activities for designated forging commodity ... risk mitigation. • Proactively initiate contract renewal and renegotiation activities prior to ...

Freddie Mac

$14.75 - $19.75/hr

... Analytics, Economics, Finance, Risk Management, Technology (including Cyber and Software ... Freddie Mac -Our intern and analyst/full-time programs -Comprehensive rewards including ...

Freddie Mac

$13.75 - $18.75/hr

... Analytics, Economics, Finance, Risk Management, Technology (including Cyber and Software ... Freddie Mac -Our intern and analyst/full-time programs -Comprehensive rewards including ...

Freddie Mac

$14 - $18.75/hr

... Analytics, Economics, Finance, Risk Management, Technology (including Cyber and Software ... Freddie Mac -Our intern and analyst/full-time programs -Comprehensive rewards including ...

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All JobsIntern Commodity Risk Management JobsIntern Commodity Risk Management Jobs in Michigan

Intern Commodity Risk Management information

What is the difference between Intern Commodity Risk Management vs Intern Commodity Trading?

AspectIntern Commodity Risk ManagementIntern Commodity Trading
FocusManaging and analyzing risks related to commodity price fluctuationsExecuting buy and sell transactions to profit from price movements
SkillsRisk analysis, market research, data analysisMarket analysis, trading strategies, quick decision-making
Work EnvironmentRisk departments, trading desks, analytics teamsTrading floors, brokerage firms, trading desks
CertificationsTypically no certifications required for interns, but relevant coursework or certifications in finance or risk management are beneficialSame as risk management, often no certifications required at internship level

Intern Commodity Risk Management focuses on assessing and mitigating risks associated with commodity price volatility, while Intern Commodity Trading involves executing trades to capitalize on market movements. Both roles require analytical skills and industry knowledge but differ in their primary objectives and daily activities.

What do intern commodity risk management do?

An intern in commodity risk management supports the identification, analysis, and mitigation of risks related to commodity prices and supply. They assist in data analysis, market research, and developing strategies to manage price volatility, often using tools like Excel and risk management software under supervision. This role provides practical experience in trading, hedging, and risk assessment within the commodities industry.

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:

Intern Commodity Risk Management jobs near you

Buyer II, Forgings

Dana Incorporated

Novi, MI • On-site

Full-time

Posted 23 days ago

Dana Incorporated rating

5.9

Company rating: 5.9 out of 10

Based on 79 frontline employees who took The Breakroom Quiz

453rd of 494 rated machine equipment manufacturers

Job description

Job Purpose

The Buyer II, Forgings role is responsible for managing strategic sourcing and supply chain activities for designated forging commodity categories. This position identifies and evaluates sourcing opportunities across North America to drive cost reductions, supplier consolidation, process improvements, and supply continuity. The role manages supplier contracts, leads sourcing initiatives, conducts RFIs and RFQs, and develops recommendations based on Total Cost of Ownership (TCO) analyses. The Buyer II also monitors supplier performance and delivers continuous improvements in cost, quality, delivery, and service.

Job Duties and Responsibilities

•    Develop and execute commodity strategies for assigned forging categories.
•    Create annual business plans to achieve cost reduction targets and drive year-over-year performance improvements.
•    Negotiate and manage supply agreements focused on improvements in cost, delivery, quality, lead times, technology, payment terms, and risk mitigation.
•    Proactively initiate contract renewal and renegotiation activities prior to expiration dates to maximize commercial advantages.
•    Monitor market conditions, industry trends, and key cost drivers affecting assigned commodities.
•    Obtain, analyze, and evaluate supplier quotations to determine best value and recommend sourcing decisions based on data-driven assessments.
•    Conduct RFIs and RFQs to support sourcing initiatives.
•    Identify opportunities to leverage global purchasing volumes and enhance sourcing efficiencies.
•    Monitor supplier performance to ensure achievement of quality, delivery, cost, and service objectives.
•    Lead supplier selection activities and coordinate supplier transitions as needed.
•    Ensure supplier compliance with contractual requirements and company standards.
•    Track, report, and communicate commodity-related metrics and performance results.
•    Support departmental and corporate objectives through effective commodity management.
•    Present project updates, sourcing recommendations, and special assignment results to management.
•    Perform other duties as assigned.

Education and Qualifications

•    Bachelor's degree in Business, Supply Chain Management, Purchasing, Engineering, Manufacturing Engineering, or a related field.
•    Strong ability to work collaboratively within cross-functional teams.
•    Excellent verbal and written communication skills.
•    Demonstrated organizational skills and professionalism in representing Dana internally and externally.
•    Ability and willingness to travel approximately 10%.
•    Experience in strategic sourcing, supplier negotiations, and commodity management within a manufacturing environment.
•    Familiarity with forging commodities, supplier performance management, and cost analysis methodologies.
•    Knowledge of Total Cost of Ownership (TCO) principles and strategic sourcing processes.

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