Global Commodity Risk Manager - Ingredients

The Kraft Heinz Company•Chicago, IL

1d•Onsite

About The Position

Here at Kraft Heinz, we grow our people to grow our business, because we believe that great people make great companies. When you join our table, you can expect access to an array of holistic wellness benefits and perks, including medical, dental and vision coverage, 7% 401(k) matching, Business Resource Groups (BRGs) to help foster diversity, inclusion, and belonging for all employees, an industry-leading total rewards package that emphasizes a high discretionary bonus. Benefits begin 30 days after hire for hourly employees, and immediately upon hire for salaried employees. Get a peek into life here at Kraft Heinz through our Instagram and TikTok channels! Global Commodity Risk Manager - Ingredients at a glance ... Reporting to the Global Lead, Commodity Risk Management – Ingredients, you will manage price and supply risk for Wheat within Kraft Heinz’s Ingredients portfolio, with primary exposure across the United States. The individual should be an expert in commodity risk management and procurement, capable of developing and executing a comprehensive price risk strategy for U.S. wheat and related milling supply chains. This role provides clear, data-driven guidance to senior leadership on U.S. wheat markets, basis dynamics, and hedging strategies, driving outcomes across multiple business units.

Requirements

Bachelor’s degree required; Master’s degree preferred in a related field.
3+ years of Commodity Risk Management experience; expertise in U.S. grain markets strongly preferred.
Proven experience with CME and MIAX wheat futures and options, OTC structures, and managing basis risk tied to U.S. milling locations.
Ability to influence decisions, negotiate effectively, and drive change across cross-functional teams.
Strong communication skills and the ability to present complex market perspectives clearly to senior leadership.
Experience operating in dynamic environments with price volatility, supply constraints, and shifting business outcomes.
Organizational agility and prioritization skills; able to focus teams on the most material risks and remove roadblocks.
Strong analytical, planning, and execution capabilities; high results orientation.

Responsibilities

Lead wheat risk management for U.S.-centric exposures (e.g., flour and wheat classes used in U.S. manufacturing), aligning strategies with category demand, specifications, and approved risk limits.
Collaborate with procurement category leads, finance, supply chain, and revenue management to deliver hedge solutions, market insight, analytics, and compliance across U.S. operations.
Oversee hedging programs using a hybrid mix of financial and physical tools including futures and options primarily on CME Group contracts (Chicago SRW, KC HRW) and MIAX Minneapolis HRS, as relevant to specifications.
Basis risk management at key U.S. milling and delivery locations; coordinate with suppliers on formula pricing and mill margins.
Set short-, mid-, and long-term hedging strategies considering business goals, demand forecasts, and market drivers (weather, acreage, yields, protein content, logistics).
Monitor U.S. wheat fundamentals and price drivers: USDA WASDE and Grain Stocks, Crop Progress/Conditions, planting/harvest timelines, weather, freight/logistics, storage/carry, and milling margins.
Track domestic demand and export dynamics; assess impacts from competing origins where relevant (e.g., Canada/EU/Black Sea) while prioritizing U.S. exposure.
Deliver price/cost forecasts and scenario analysis to inform procurement decisions and annual planning cycles.
Advise procurement on index selection and pricing formulas (e.g., appropriate futures references plus basis and milling margin constructs).
Support negotiations with suppliers to align contracts to risk strategy and compliance requirements.
Coordinate strategy alignment with leadership; obtain approvals, document strategies, and maintain clear audit trails.
Lead weekly/bi-weekly/monthly alignment meetings covering hedge positions, coverage, basis trends, market outlooks, and performance versus targets.
Ensure adherence to Kraft Heinz hedging, procurement, code of conduct, and sustainability policies; comply with applicable market regulations and internal controls.
Maintain robust documentation, limit monitoring, and reporting to support internal/external compliance and audit readiness.
Other projects and duties as assigned by Kraft Heinz Management.

Benefits

medical, dental and vision coverage
7% 401(k) matching
Business Resource Groups (BRGs) to help foster diversity, inclusion, and belonging for all employees
an industry-leading total rewards package that emphasizes a high discretionary bonus
Paid Time Off
Company Holidays
Leave of Absence
Flexible Work Arrangements
Recognition
Training
Employee Assistance Program
Wellbeing Programs
Family Support Programs
Life, Accidental Death & Dismemberment, Disability