Manager Risk Management and Procurement

Grayson Search Partners; Chicago (IL); On-site; USD 120,000 - 180,000; Full time

Job summary

Grayson Search Partners is seeking a Manager, Commodity Procurement & Risk Management to develop and execute procurement, sourcing, and risk strategies. The role collaborates with Finance, Operations, and Supply Chain to manage commodity exposure and optimize purchasing to create sustainable business value.

The role covers strategic sourcing, supplier management, risk mitigation, forecasting, contract negotiations, and market analysis across a portfolio of procurement activities.

Qualifications

• Bachelor’s degree or equivalent with relevant experience.
• Minimum 5+ years in procurement, strategic sourcing, or purchasing.
• Minimum 5+ years managing commodity price and/or supply risk.

Responsibilities

• Develop and implement commodity procurement and risk management strategies aligned with business objectives.
• Monitor market conditions, pricing trends, supply dynamics, and industry developments.
• Analyze market movements and communicate potential impacts to leadership and internal stakeholders.
• Identify and execute strategic sourcing, cost management, and risk mitigation opportunities.
• Manage price and supply risk associated with key commodities and raw materials.
• Develop purchasing strategies and recommendations based on market conditions, pricing, volumes, and business requirements.
• Manage supplier relationships, including performance management, business reviews, negotiations, contracts, and pricing.
• Lead strategic sourcing initiatives and complex procurement projects.
• Prepare and maintain financial forecasts related to procurement categories and commodity positions.
• Analyze purchasing performance, price variance, market valuations, and other financial metrics.
• Conduct spend analysis and identify opportunities for cost reduction, productivity, and process improvement.
• Partner with internal teams and suppliers to develop and execute continuous improvement initiatives.
• Support annual budgeting and financial planning activities.
• Resolve supplier and purchasing-related issues.
• Ensure procurement activities, contracts, suppliers, and risk management practices comply with applicable company policies.
• Maintain accurate procurement and commodity position reporting.
• Stay current on market developments, sourcing practices, contracting approaches, and procurement technologies.

Skills

Procurement

Strategic sourcing

Negotiation

Risk management

Market analysis

Education

Bachelor’s degree or equivalent combination of education and relevant experience

Job description

A growing organization is seeking a Manager, Commodity Procurement & Risk Management to develop and execute procurement, sourcing, and commodity risk management strategies. This position will work cross-functionally with Procurement, Finance, Operations, Supply Chain, and other business stakeholders to manage commodity exposure, optimize purchasing strategies, strengthen supplier relationships, and generate sustainable business value.

The role will have responsibility for a portfolio of procurement and commodity management activities, including strategic sourcing, supplier management, commodity risk mitigation, forecasting, contract negotiations, and market analysis.

Key Responsibilities

• Develop and implement commodity procurement and risk management strategies aligned with business objectives.
• Monitor market conditions, pricing trends, supply dynamics, and industry developments.
• Analyze market movements and communicate potential impacts to leadership and internal stakeholders.
• Identify and execute strategic sourcing, cost management, and risk mitigation opportunities.
• Manage price and supply risk associated with key commodities and raw materials.
• Develop purchasing strategies and recommendations based on market conditions, pricing, volumes, and business requirements.
• Manage supplier relationships, including performance management, business reviews, negotiations, contracts, and pricing.
• Lead strategic sourcing initiatives and complex procurement projects.
• Prepare and maintain financial forecasts related to procurement categories and commodity positions.
• Analyze purchasing performance, price variance, market valuations, and other financial metrics.
• Conduct spend analysis and identify opportunities for cost reduction, productivity, and process improvement.
• Partner with internal teams and suppliers to develop and execute continuous improvement initiatives.
• Support annual budgeting and financial planning activities.
• Resolve supplier and purchasing-related issues.
• Ensure procurement activities, contracts, suppliers, and risk management practices comply with applicable company policies.
• Maintain accurate procurement and commodity position reporting.
• Stay current on market developments, sourcing practices, contracting approaches, and procurement technologies.

Qualifications

• Bachelor’s degree or equivalent combination of education and relevant experience.
• 5+ years of procurement, strategic sourcing, or purchasing experience.
• 5+ years of experience managing commodity price and/or supply risk.