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 ourInstagramand 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 Heinzs 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.

Whats 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!

• Bachelors degree required; Masters 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:

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 candidates 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 savingfor the future we offer plans tailored to meet you and your familys needs. Coveragefor 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 aphysical social emotional and financial well-being lifestyle for our employees and their families.

Youll 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 401kLife Accidental Death & Dismemberment Disability

Location(s)

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 for assistance.