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Internship Commodity Risk Management Jobs in Illinois

Flender

Commodity Manager

Elgin, IL · On-site

This role is responsible for supplier relationship management, contract negotiations, cost optimization, and risk mitigation. The Commodity Manager partners closely with Engineering, Operations, R&D, ...

Countryfinancial

Risk Management Intern

Bloomington, IL · On-site

$14.50 - $19.25/hr

About the role The Risk Management Rotational Internship provides cross functional experience within Internal Audit, Compliance, Enterprise Procurement, Property & Administrative Services, and ...

Country Financial

Risk Management Intern

Bloomington, IL · On-site

$14.50 - $19.25/hr

About the role The Risk Management Rotational Internship provides cross functional experience within Internal Audit, Compliance, Enterprise Procurement, Property & Administrative Services, and ...

Socket.dev

Senior Commodity Manager

Northbrook, IL · On-site

About the Role The Senior Commodity Manager provides strategic ownership for the company's highest-spend, most complex, and highest-risk commodity categories while helping shape the overall sourcing ...

New

HuFriedyGroup

Senior Commodity Manager

Northbrook, IL · On-site

$130K - $145K/yr

Risk Management: Anticipates supply and commercial risks and develops proactive mitigation ... The Senior Commodity Manager will be successful by: * Delivering finance-validated cost savings and ...

HuFriedyGroup

Senior Commodity Manager

Northbrook, IL · On-site

$130K - $145K/yr

Senior Commodity Manager Full-Time Exempt Employee Northbrook, IL, US Salary Range: $130,000.00 To ... Risk Management: Anticipates supply and commercial risks and develops proactive mitigation ...

Ingredion

$20 - $22/hr

... Commodity Purchasing & Agri-Product staff as follows. The focal areas identified below may be ... Internship Program Events & Activities - programming catered toward career exploration, networking ...

New

DV Trading

Credit Risk Manager

Chicago, IL

... commodity producers and users. Now, DV group affiliates include two broker dealers, a ... Lead Counterparty and Credit Risk Management practice at DV Trading by engaging business partners ...

DV Trading

Credit Risk Manager

Chicago, IL · On-site

$150K - $200K/yr

... commodity producers and users. Now, DV group affiliates include two broker dealers, a ... Lead Counterparty and Credit Risk Management practice at DV Trading by engaging business partners ...

DV Trading

Credit Risk Manager

Chicago, IL · On-site

$150K - $200K/yr

... commodity producers and users. Now, DV group affiliates include two broker dealers, a ... Lead Counterparty and Credit Risk Management practice at DV Trading by engaging business partners ...

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All JobsCommodity Risk Management JobsInternship Commodity Risk Management JobsInternship Commodity Risk Management Jobs in Illinois

Internship Commodity Risk Management information

What is an internship in commodity risk management?

An Internship in Commodity Risk Management is a temporary position, usually for students or recent graduates, where individuals gain hands-on experience analyzing, assessing, and mitigating risks related to the buying, selling, or trading of commodities such as oil, metals, or agricultural products. Interns typically assist with market research, data analysis, and the development of strategies to manage price volatility and supply chain risks. This role provides exposure to financial markets, risk assessment tools, and commodity trading strategies, preparing interns for future roles in finance or risk management.

What are the key skills and qualifications needed to thrive as an internship in commodity risk management?

To thrive in an Internship Commodity Risk Management role, you need strong analytical skills, a background in finance, economics, or related fields, and proficiency in quantitative analysis. Familiarity with risk management software, Excel, and possibly programming languages like Python or VBA, as well as knowledge of financial markets, is often expected. Effective communication, attention to detail, and the ability to work collaboratively are crucial soft skills for success. These skills and qualities are important to accurately assess market risks, support decision-making, and contribute to managing commodity exposure effectively within the organization.

What are some common challenges faced during an internship in commodity risk management, and how can interns overcome them?

Interns in Commodity Risk Management often encounter challenges such as quickly understanding complex market dynamics, learning to analyze large sets of pricing and risk data, and adapting to the fast-paced nature of trading environments. To overcome these, it's helpful to proactively seek guidance from team members, leverage available training resources, and regularly review market reports to build industry knowledge. Effective communication and a willingness to ask questions can also help interns integrate into the team and contribute meaningfully to projects.

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

AspectInternship Commodity Risk ManagementCommodity Risk Analyst
CredentialsEnrolled in related degree programs, some certifications beneficialBachelor's degree in finance, economics, or related; certifications like FRM advantageous
Work EnvironmentInternship setting, supervised, entry-level tasksFull-time role, analytical, data-driven decision making
Industry UsageUsed as a training position within trading firms, energy companies, and banksFull professional role within commodity trading, risk management teams

Internship Commodity Risk Management positions are entry-level, focused on learning and supporting risk management activities under supervision. In contrast, Commodity Risk Analysts are full-time professionals responsible for analyzing market data, assessing risks, and developing strategies. Internships serve as a stepping stone to full analyst roles, which require more experience and expertise.

What are the most commonly searched types of Commodity Risk Management jobs in Illinois?

The most popular types of Commodity Risk Management jobs in Illinois are:

What are popular job titles related to Internship Commodity Risk Management jobs in Illinois?

For Internship Commodity Risk Management jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Internship Commodity Risk Management jobs in Illinois look for?

The top searched job categories for Internship Commodity Risk Management jobs in Illinois are:

What cities in Illinois are hiring for Internship Commodity Risk Management jobs?

Cities in Illinois with the most Internship Commodity Risk Management job openings:

Internship Commodity Risk Management jobs near you
Infographic showing various Internship Commodity Risk Management job openings in Illinois as of August 2026, with employment types broken down into 87% Full Time, 10% Part Time, 1% Temporary, and 2% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution.

Commodity Manager

Elgin, IL • On-site

Flender
See more jobs at Flenderexternal

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 16 days ago

Job description

Commodity Manager
Company Description
Flender is a leading global supplier for mechanical drive systems and has the reputation for highest performance, innovation, quality, and reliability of mechanical components for 125 years.
We're now hiring a talented Commodity Manager for our team in Elgin, IL on a full-time basis. If you're eager for your next challenge, Flender is a great place to grow your career.
For more information on Flender, please see website: www.flender.com
Equal Employment Opportunity Statement
Flender is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, ancestry, national origin, sex, sexual orientation, gender identity, age, marital status, family responsibilities, pregnancy, genetic information, protected veteran or military status, other categories protected by federal, state, or local law, and regardless of whether the qualified applicants are individuals with disabilities.
Job Summary:
The Commodity Manager for Direct Materials leads sourcing and procurement for strategic direct material categories vital to our manufacturing operations. This role is responsible for supplier relationship management, contract negotiations, cost optimization, and risk mitigation. The Commodity Manager partners closely with Engineering, Operations, R&D, Product Management, and Finance to align procurement strategies with business objectives and drive value, innovation, and continuous improvement.
Job Responsibilities:
  • Strategic Sourcing: Lead sourcing, supplier selection, RFx processes, negotiations, and contract management for assigned direct material categories, in conjunction with corporate Global Commodity Management strategies.
  • Supplier Management: As Supplier Relationship Owner for strategic suppliers, build and maintain strong supplier partnerships. Oversee supplier performance, conduct regular reviews, resolve issues, and drive continuous improvement.
  • Cost Optimization: Build and manage value creation roadmaps - cost savings, avoidance, innovation, working capital, resilience. Analyze spend and market trends to identify and implement cost savings opportunities. Lead end-to-end sourcing events (RFI/RFQ/RFP). Negotiate pricing, terms, and value-added solutions. Develop should-cost and total cost of ownership models.
  • Risk & Market Analysis: Monitor commodity markets, track supply risks and trends, and identify new suppliers, materials, and innovations. Develop risk mitigation and dual-sourcing strategies.
  • Contract Management: Draft, negotiate, and administer contracts with suppliers, ensuring compliance with legal, regulatory, and company requirements.
  • Cross-Functional Collaboration: Work closely with Engineering, Operations, Quality, Finance, and other teams to align procurement with business needs and support new initiatives.
  • Process Improvement: Evaluate and enhance procurement and sourcing processes. Drive continuous improvement using data analytics and KPIs.
  • Compliance: Ensure all procurement activities adhere to company policies, industry regulations, and ethical standards.

Required Knowledge/Skills, Education, and Experience:
  • Bachelor's degree in Supply Chain Management, Business, Engineering, or related field.
  • Minimum 5 years of procurement or sourcing experience, with focus on direct materials in manufacturing or engineering.
  • Experience with following commodities preferred: Roller bearings, steel castings, gears, hydraulics, machined parts, fasters/hardware.
  • Strong negotiation, supplier management, and contract administration skills.
  • Proficiency with ERP/procurement systems (e.g., SAP, Coupa) and data analysis tools (Celonis, SAP Analytics Cloud, Excel).
  • Professional certifications (CPSM, C.P.M., APICS, ASCM) are a plus.
  • Excellent communication, collaboration, and organizational skills.
  • Ability to manage multiple priorities in a fast-paced environment.

Flender as an employer offers:
  • Paid Time Off (18 Days)
  • Paid Holidays
  • Tuition Reimbursement
  • Medical, Dental, Vision, Life Insurance
  • Flexible Spending Account
  • Health Savings Account
  • 401k (6% Employer Match)
  • Employee Assistance Program

Your contact person(s) for this job posting is/are:
Jacob Stupec-Hernandez
Flender is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability unrelated to ability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, order of protection status, protected veteran or military status, or an unfavorable discharge from military service, and other categories protected by federal, state or local law.

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