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Sr Procurement Specialist - Risk Management
Sr Procurement Specialist - Risk ManagementLamb Weston • Eagle, ID, USA (Global Headquarters)
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Sr Procurement Specialist - Risk Management

Sr Procurement Specialist - Risk Management

Lamb Weston • Eagle, ID, USA (Global Headquarters)
30+ days ago
Job type
  • Full-time
Job description

Job Description

  • Design & implement hedging strategies using futures, swaps & options where appropriate
  • Actively monitor commodity markets, macroeconomic indicators & relevant geopolitical factors
  • Partner with Treasury to ensure strategies align to business risk management objectives
  • Build & maintain models to forecast commodity price trends, volatility & financial impacts
  • Provide actionable insights to Procurement & Finance for budgeting & cost forecasting
  • Deliver regular reporting on hedge effectiveness, exposure levels & overall risk posture
  • Align Procurement sourcing strategies with hedging positions to optimize supplier negotiations
  • Coordinate with Treasury on counterparty & broker relationships
  • Ensure all risk management activities comply with company policies, audit standards, regulatory frameworks & board of directors’ authorizations
  • Preserve accurate documentation of hedging strategies, agreements & KPI performance
  • Support internal & external audit reviews of hedge / risk-management programs

Scope :

  • Responsible for managing risk on ~$300m in annual procurement spend
  • Supports hedging with approximately 5 counterparty relationships
  • Coordinate with strategic supply relationships for 15-20 critical suppliers
  • Key contributor to annual budgeting & cost mitigation initiatives
  • Basic & Preferred Qualifications

  • 2-5 years procurement or commodity risk management experience
  • Demonstrated success developing & executing hedging strategies using financial derivatives
  • Strong familiarity with commodity exchanges, broker networks & counterparty management
  • Advanced analytical skills with expertise in financial modeling & risk assessment tools
  • Strong cross functional skills with proven ability to influence Finance stakeholders
  • Demonstrated ability to manage complex timelines & deliver high-quality results in fast-paced environments
  • Familiarity with platforms such as Bloomberg, or LSEG Refinitiv
  • Bachelor’s degree in Supply Chain, Business, Finance, or related field required
  • Physical Environment / Demands :

  • ~10–15% travel required to supplier & operating locations
  • Majority of work performed in a temperature-controlled office environment
  • May be required to sit for extended periods at a desk or computer
  • Regular use of office equipment including computers, phones & video conferencing tools
  • Stooping, bending, climbing stairs & light lifting may be occasionally required
  • Industry-Competitive Benefits

    Coupled with our compensation and bonus incentive programs, our benefits deliver rewards that are market competitive.  Some of the most attractive elements of our benefit programs include :

    Health Insurance Benefits - Medical, Dental, Vision

    Flexible Spending Accounts for Health and Dependent Care, and Health Reimbursement Accounts

    Well-being programs including companywide events and a wellness incentive program

    Paid Time Off

    Financial Wellness – Industry leading 401(k) plan with generous company contributions, Financial Planning Services, Employee Stock purchase program, and Health Savings Accounts, Life and Accident insurance

    Family-Friendly Employee events

    Employee Assistance Program services – mental health and other concierge type services

    Benefits may vary based on location, job role / level, job status, and / or the terms of any applicable collective bargaining agreements.

    Job Requisition ID : Req-258881

    Time Type : Full time

    The anticipated close date is a good faith estimate for when this job will be closed. Some jobs may be unposted or filled earlier or later than the Anticipated Close Date depending on interview processes and business needs. Anticipated Close Date : 12 / 14 / 2025

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    Risk Management Specialist • Eagle, ID, USA (Global Headquarters)

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