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Manager Commodity Risk Management Jobs in Peoria, IL

Caterpillar

Category Buyer

Peoria, IL · On-site

Manage supplier risk, including capacity constraints, technical capability gaps, and supply ... Supports negotiations involving commodity pricing, technical specifications, and supplier ...

Caterpillar

Senior Project Manager

East Peoria, IL · On-site

Drive risk, dependency, and issue management across multiple workstreams and stakeholder groups * Lead cross-functional project teams and influence stakeholders without direct authority * Ensure ...

Caterpillar

Environmental Manager

Mapleton, IL · On-site

$128K - $192K/yr

Risk Management: Extensive knowledge of processes, tools and techniques for assessing and controlling an organization's exposure to risks of various kinds; ability to apply knowledge of risk ...

Caterpillar

Program Manager

Mossville, IL · On-site

Risk & Issue Management * Identify, assess, and mitigate program risks, constraints, and execution gaps. * Proactively escalate critical issues and barriers to leadership with recommended mitigation ...

Gallagher

Senior Client Service Manager

Peoria, IL · On-site

Provide strategic guidance to your team in addressing client risk management needs through consultative conversations and innovative strategies. * Mentor team members by delegating tasks, providing ...

First Mid

Ag/Commercial Loan Officer

Peoria, IL

$88K - $132K/yr

... risk. Builds and maintains strong relationships with farmers, ranchers, agribusinesses, and ... commodity markets, farm management practices, crop insurance programs, and other factors that ...

PNC Bank

Wealth Advisor - PNC Wealth Management

Peoria, IL · On-site

$75K - $125K/yr

We encourage candidates to connect with their recruiter and hiring manager to understand workplace ... Managing Risk - Assessing and effectively managing all of the risks associated with their business ...

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All JobsCommodity Risk Management JobsManager Commodity Risk Management JobsManager Commodity Risk Management Jobs in Peoria, IL

Manager Commodity Risk Management information

See Peoria, IL salary details

$35.8K

$96.2K

$157K

How much do manager commodity risk management jobs pay per year?

As of Jul 26, 2026, the average yearly pay for manager commodity risk management in Peoria, IL is $96,197.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,500.00 and $111,900.00 per year, depending on experience, location, and employer.

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

AspectManager Commodity Risk ManagementCommodity Analyst
ResponsibilitiesOversees risk mitigation strategies, manages teams, develops policiesAnalyzes market data, forecasts commodity trends, supports risk decisions
Required SkillsRisk management, leadership, strategic planningData analysis, market research, reporting skills
CertificationsFRM, CFA, or similar risk certifications often preferredRelevant finance or commodity certifications beneficial
Work EnvironmentCorporate, trading floors, risk departmentsResearch firms, trading companies, financial institutions

The Manager Commodity Risk Management focuses on leading risk strategies and managing teams, while the Commodity Analyst primarily conducts market analysis and trend forecasting. Both roles require strong analytical skills, but the manager role emphasizes leadership and strategic oversight.

What are popular job titles related to Manager Commodity Risk Management jobs in Peoria, IL? For Manager Commodity Risk Management jobs in Peoria, IL, the most frequently searched job titles are:
What job categories do people searching Manager Commodity Risk Management jobs in Peoria, IL look for? The top searched job categories for Manager Commodity Risk Management jobs in Peoria, IL are:
What cities near Peoria, IL are hiring for Manager Commodity Risk Management jobs? Cities near Peoria, IL with the most Manager Commodity Risk Management job openings:
Manager Commodity Risk Management jobs near you
Infographic showing various Manager Commodity Risk Management job openings in Peoria, IL as of June 2026, with employment types broken down into 34% As Needed, 33% Full Time, and 33% Contract. Highlights an 89% Physical, 5% Hybrid, and 6% Remote job distribution, with an average salary of $96,197 per year, or $46.2 per hour.
Category Buyer

Category Buyer

Caterpillar

Peoria, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Caterpillar Inc. rating

7.5

Company rating: 7.5 out of 10

Based on 474 frontline employees who took The Breakroom Quiz

264th of 485 rated machine equipment manufacturers

Job description

Career Area:
Procurement
Job Description:
Your Work Shapes the World at Caterpillar Inc.
When you join Caterpillar, you're joining a global team who cares not just about the work we do - but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.
The Category Buyer - Steel Commodities provides strategic procurement expertise across quality, cost, logistics, development, and management (QCLDM) with a specialized focus on steel commodities, specifically Ground Engaging Tools. This role partners closely with Engineering and Supplier Development to drive technical sourcing decisions, supplier performance, and long-term category strategy.
You will lead category strategies for steel-based components, leveraging deep knowledge of manufacturing processes (weldments, forgings, castings, machining) and supplier capabilities to improve cost, quality, and supply continuity. This role uniquely blends procurement strategy with technical supplier development expertise, making it ideal for candidates with experience as a Supplier Development Engineer (SDE), Manufacturing Engineer, or technically versed Buyer.
Success in this role requires a strong ability to influence across engineering and supplier stakeholders while delivering measurable improvements in supplier performance, cost competitiveness, and risk mitigation.
What you will do:
  • Develop and execute category strategies for steel commodities aligned to enterprise sourcing goals
  • Partner with Engineering and Supplier Development to ensure technical feasibility, manufacturability, and design-for-cost outcomes
  • Evaluate supplier capabilities including metallurgy, fabrication processes, casting methods, machining, and quality systems
  • Drive supplier performance improvements related to quality, lead time, cost, and capacity
  • Lead negotiations with steel and fabrication suppliers, balancing market dynamics (commodity shifts, tariffs, raw material pricing)
  • Identify and execute opportunities for cost reduction, should-cost modeling, and value engineering
  • Support new product introduction (NPI) with supplier selection, validation, and readiness
  • Manage supplier risk, including capacity constraints, technical capability gaps, and supply continuity challenges
  • Serve as the primary liaison between procurement, engineering, and suppliers for category-related activities
  • Analyze spend data and supplier performance metrics to inform sourcing decisions

What skills you will have:
  • Strategic Sourcing: Demonstrated ability to develop and execute category strategies, including supplier selection, market analysis, and sourcing optimization. Aligns sourcing decisions with business priorities while incorporating considerations such as material selection, manufacturability, and total cost of ownership.
  • Supplier Relationship Management: Proven capability to build and manage supplier relationships, assess supplier capabilities, and drive performance improvements. Effectively resolves complex technical and commercial challenges, particularly within steel, fabrication, or casting environments.
  • Contracts Management and Administration: Working knowledge of contract development, execution, and compliance, including commercial terms, risk mitigation, and supplier agreements. Supports negotiations involving commodity pricing, technical specifications, and supplier performance expectations.
  • Negotiation: Ability to lead supplier negotiations related to pricing, capacity, and contractual terms, with a strong understanding of commodity-driven cost structures such as steel markets and fabrication processes.
  • Data Analytics: Leverages data to evaluate spend, identify cost drivers, assess supplier performance, and support fact-based sourcing decisions and negotiations.
  • Effective Communications: Communicates complex technical and business information clearly across cross-functional stakeholders, including Procurement, Engineering, and Suppliers.
  • Purchasing Tasks and Activities: Applies knowledge of procurement systems, processes, and compliance requirements in sourcing materials, components, and services.
  • Interpersonal Relationships: Builds strong working relationships across teams, adapts communication style to varying stakeholders, and effectively influences outcomes in both technical and commercial settings.

Top candidates will also have:
  • Degree or equivalent experience in Engineering, Supply Chain, or related field
  • Background as a Supplier Development Engineer (SDE), Manufacturing Engineer, or Quality Engineer
  • Experience in heavy manufacturing, industrial equipment, automotive, or metals-based industries
  • Knowledge of steel, fabrication, castings, forging, or machining processes
  • Application of should-cost modeling, cost breakdown analysis, or value engineering
  • Understanding of steel market dynamics, commodity trends, and raw material cost drivers
  • Exposure to NPI sourcing and supplier qualification processes
  • Familiarity with lean manufacturing, APQP, PPAP, or similar quality frameworks

Additional information:
  • Work Location: This role is based in Peoria, IL and requires on-site work five days a week.
  • Relocation Assistance: Domestic relocation assistance is available.
  • Work Authorization: Sponsorship is not available for this position.
  • Travel Requirements: This position may require 5-10% travel.

Summary Pay Range:
$112,710.00 - $169,060.00
Compensation and benefits offered may vary depending on multiple individualized factors, job level, market location, job-related knowledge, skills, individual performance and experience. Please note that salary is only one component of total compensation at Caterpillar.
Benefits:
Subject to plan eligibility, terms, and guidelines. This is a summary list of benefits.
  • Medical, dental, and vision benefits*
  • Paid time off plan (Vacation, Holidays, Volunteer, etc.)*
  • 401(k) savings plans*
  • Health Savings Account (HSA)*
  • Flexible Spending Accounts (FSAs)*
  • Health Lifestyle Programs*
  • Employee Assistance Program*
  • Voluntary Benefits and Employee Discounts*
  • Career Development*
  • Incentive bonus*
  • Disability benefits
  • Life Insurance
  • Parental leave
  • Adoption benefits
  • Tuition Reimbursement

* These benefits also apply to part-time employees
This position requires working onsite five days a week.
Visa sponsorship is available for eligible applicants.
Posting Dates:
July 17, 2026 - July 30, 2026
Any offer of employment is conditioned upon the successful completion of a drug screen.
Caterpillar is an Equal Opportunity Employer, Including Veterans and Individuals with Disabilities. Qualified applicants of any age are encouraged to apply.
Not ready to apply? Join our Talent Community.

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