ZipRecruiter

Log In

1

Asset Liability Manager Jobs in Chicago, IL (NOW HIRING)

Compeer Financial

Pricing Specialist

Naperville, IL · On-site

Supports model risk management for all Asset Liability Committee (ALCO)/pricing models, including contributing to individual model design and development, maintenance, documentation, and validations ...

Compeer Financial

Pricing Specialist

Naperville, IL · On-site

Supports model risk management for all Asset Liability Committee (ALCO)/pricing models, including contributing to individual model design and development, maintenance, documentation, and validations ...

Milliman

Associate Actuary - ASA Required

Chicago, IL · On-site

$102K - $184K/yr

In addition to a wide variety of M&A consulting, our services span broadly into areas of asset-liability management, enterprise risk management, financial modeling, and actuarial technology ...

Milliman

Associate Actuary - ASA Required

Chicago, IL · On-site

$102K - $184K/yr

In addition to a wide variety of M&A consulting, our services span broadly into areas of asset-liability management, enterprise risk management, financial modeling, and actuarial technology ...

Kuvare

AVP and Actuary, ALM

Rosemont, IL · On-site

$117K - $138K/yr

... asset liability management (ALM) position of the company and affiliates • Managing the ALM and liquidity risk profile of the companies • Oversee quarterly asset model builds in AXIS for use in ...

next page

Showing results 1-20

All JobsAsset Liability JobsAsset Liability Manager JobsAsset Liability Manager Jobs in Chicago, IL

Asset Liability Manager information

See Chicago, IL salary details

$36.6K

$97K

$169.5K

How much do asset liability manager jobs pay per year?

As of Aug 18, 2026, the average yearly pay for asset liability manager in Chicago, IL is $96,967.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,700.00 and $112,300.00 per year, depending on experience, location, and employer.

What does an asset liability manager do?

An Asset Liability Manager is responsible for monitoring and managing the financial risks that arise from mismatches between a company's assets and liabilities, particularly in banks and financial institutions. Their main goal is to optimize the balance between risk and return by analyzing interest rate risks, liquidity risks, and market conditions. They develop strategies to ensure the organization's financial stability, comply with regulatory requirements, and maximize profitability. Asset Liability Managers often use complex models and forecasting to inform their decisions.

What are the key skills and qualifications needed to thrive as an asset liability manager?

To thrive as an Asset Liability Manager, you need strong analytical skills, a deep understanding of financial risk management, and a degree in finance, economics, or a related field. Familiarity with asset-liability management software, financial modeling tools, and regulatory frameworks is typically required, along with relevant certifications like CFA or FRM. Excellent communication, strategic thinking, and problem-solving abilities help build consensus and adapt to market changes. These skills are essential to effectively balance risk and return, ensure regulatory compliance, and safeguard the financial health of the organization.

How does an asset liability manager typically collaborate with other departments in a financial institution?

Asset Liability Managers work closely with various departments such as treasury, risk management, finance, and lending teams. They coordinate with these groups to gather data on assets and liabilities, understand upcoming product launches or funding needs, and assess the impact of market changes on the institution's balance sheet. Effective communication and teamwork are essential, as decisions made in asset-liability management often influence broader business strategies, liquidity planning, and regulatory compliance across the organization.

What is the difference between Asset Liability Manager vs Risk Analyst?

AspectAsset Liability ManagerRisk Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; often CFA or FRM certificationsBachelor's degree in finance, economics, or related field; often CFA or FRM certifications
Work EnvironmentFinancial institutions, banks, asset management firmsFinancial institutions, banks, investment firms
Employer & Industry UsageFocuses on managing assets and liabilities to optimize financial stabilityAnalyzes risks to inform investment and lending decisions

While both roles require similar credentials and work within financial institutions, the Asset Liability Manager primarily focuses on balancing assets and liabilities to ensure financial stability. In contrast, the Risk Analyst assesses potential risks to inform strategic decisions. Understanding these differences helps in choosing the right career path or job focus within the finance industry.

What cities near Chicago, IL are hiring for Asset Liability Manager jobs?

Cities near Chicago, IL with the most Asset Liability Manager job openings:

Asset Liability Manager jobs near you
Infographic showing various Asset Liability Manager job openings in Chicago, IL as of August 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $96,967 per year, or $46.6 per hour.

Asset Liability Management Associate (Hybrid)

Enova International

Chicago, IL • Hybrid

$75K - $109K/yr

Full-time

Re-posted 12 days ago

Enova International rating

6.8

Company rating: 6.8 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

We are interested in every qualified candidate who is eligible to work in the United States. However, we are not able to sponsor visas or take over sponsorship at this time.

About the role

Enova is currently searching for an ALM Associate to join our Treasury team. In this role, you will be responsible for asset/liability management, forecasting Enova's balance sheet and interest expense, and interest rate and liquidity risk analysis. The ideal candidate will be a skillful leader with a deep understanding of asset-liability management principles and demonstrated success in a high-growth, dynamic and fast-paced environment. This position will report to the Assistant Treasurer. 

Responsibilities:

  • Evolve Enova's asset-liability capabilities, particularly liquidity risk management and interest rate risk management, including buildout of a bank-grade ALM framework.
  • Develop and analyze short and long-term balance sheet and interest expense forecasts through collaboration with FP&A and other key stakeholders.
  • Assist with integrating deposit-based funding options into Enova's overall funding strategy, evaluating ways to diversify sources and lower costs compared to traditional credit facilities and securitizations.
  • Project the asset-liability position for the balance sheet to ensure acceptable levels of liquidity and assess the economic value of equity throughout interest rate cycles.
  • Create and maintain dynamic models and procedures for interest rate risk measurement and liquidity risk management.
  • Provide technical assessments and evaluations related to the impact of interest rate movements, economic value at risk, earnings at risk and other key metrics.
  • Develop and maintain regulatory capital and liquidity reporting frameworks required under the OCC and Federal Reserve's bank holding company supervision.
  • Author and deliver impactful presentations, distilling complex ideas and opportunities into actionable insights including materials to communicate company achievements, strategy, and outlook to stakeholders.

Requirements:

  • Bachelor's degree in Finance, Economics, or other related field (MBA or CFA a plus)
  • 7+ years preferred in the financial services industry, particularly in a Treasury/ALM/FP&A function
  • Experience with bank regulatory frameworks preferred, including familiarity with OCC or Federal Reserve supervisory requirements, bank holding company reporting, and/or liquidity and capital adequacy standards
  • Advanced Excel skills and integrated financial statement modeling knowledge
  • Strong critical thinking skills with the ability to develop and clearly communicate meaningful, insightful analysis to stakeholders, including senior management
  • Proven ability to influence across all levels of the organization by synthesizing complex insights into clear, structured, and impactful communications
  • Highly accountable with strong ownership and follow-through on projects, even in ambiguous environments
  • Collaborative team player who works effectively across functions, translating complex challenges into organized plans and actionable steps

Compensation:

The budgeted annual salary range for this position is $75,200 to $109,200. Actual annual salary will be determined based on qualifications, skills, experience, and level assessed during the hiring process and may fall outside of the range shown. Additional compensation for this role may include a bonus and restricted stock units. All full-time employees are eligible to participate in Company benefits, described in more detail here.

#BI-Hybrid #LI-Hybrid

What Enova International employees say

Pay

Workplace

Get the full story on Breakroom

Apply