Global Commodity Risk Manager - Ingredients

Job Description

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.

What’s on the menu?

• 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.

Recipe for Success – apply now if this sounds like you!

• 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.

Our Total Rewards philosophy is to provide a meaningful and flexible spectrum of programs that equitably support our diverse workforce and their families and complement Kraft Heinz’ strategy and values.

New Hire Base Salary Range

$104,200.00 - $130,200.00

Bonus This position is eligible for a performance-based bonus as provided by the plan terms and governing documents.

The compensation offered will take into account internal equity and may vary depending on the candidate's geographic region, job-related knowledge, skills, and experience among other factors

Benefits Coverage for employees (and their eligible dependents) through affordable access to healthcare, protection, and saving for the future, we offer plans tailored to meet you and your family’s needs. Coverage for benefits will be in accordance with the terms and conditions of the applicable plans and associated governing plan documents.

Wellbeing We offer events, resources, and learning opportunities that inspire a physical, social, emotional, and financial well-being lifestyle for our employees and their families.

You’ll be able to participate in a variety of benefits and wellbeing programs that may vary by role, country, region, union status, and other employment status factors, for example

• Physical - Medical, Prescription Drug, Dental, Vision, Screenings/Assessments
• Social - Paid Time Off, Company Holidays, Leave of Absence, Flexible Work Arrangements, Recognition, Training
• Emotional – Employee Assistance Program , Wellbeing Programs, Family Support Programs
• Financial – 401k, Life, Accidental Death & Dismemberment, Disability

Location(s)

Chicago/Aon Center

Kraft Heinz is an Equal Opportunity Employer – Underrepresented Ethnic Minority Groups/Women/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity and other protected classes. In order to ensure reasonable accommodation for protected individuals, applicants that require accommodation in the job application process may contact [email protected] for assistance.