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Associate Risk Manager Jobs in Illinois (NOW HIRING)

Addison Group

Risk & Compliance Associate

Chicago, IL · On-site

$50 - $60/hr

  • Medical

  • Dental

  • Vision

  • Retirement

Risk & Compliance Associate Location: Chicago, IL Industry ... Management Consulting Compensation: $50 - $60 / hour (Contract) Work Schedule: Monday-Friday, 8:00 ...

pepperconstruction

Director, Risk Management

Barrington, IL

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Certified Risk Management Professional (CRMP), Certified Insurance Counselor (CIC), Associate in Risk Management (ARM), or Certified Risk Manager (CRM) * Minimum of 10 years of progressive risk and ...

pepperconstruction

Director, Risk Management

Barrington, IL · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Certified Risk Management Professional (CRMP), Certified Insurance Counselor (CIC), Associate in Risk Management (ARM), or Certified Risk Manager (CRM) * Minimum of 10 years of progressive risk and ...

CME Group

Risk Mgmt Policy Analyst

Chicago, IL · On-site

$81K - $135K/yr

  • Medical

  • Retirement

  • PTO

The Risk Management Policy Associate must have strong knowledge of U.S. regulatory requirements for clearing houses and be able to apply that knowledge to Clearing House rules and services. The Risk ...

CME Group

Risk Mgmt Policy Analyst

Chicago, IL · On-site

$81K - $135K/yr

  • Medical

  • Retirement

  • PTO

The Risk Management Policy Associate must have strong knowledge of U.S. regulatory requirements for clearing houses and be able to apply that knowledge to Clearing House rules and services. The Risk ...

Clear Street

Associate Director, Risk & Margin

Chicago, IL · On-site

$125K - $170K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

... Associate Director to join our Risk/ Margin team. This critical role involves overseeing daily ... Manage the daily calculation, issuance, and settlement of margin calls. * Ensure the accurate and ...

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All JobsAssociate Risk JobsAssociate Risk Manager JobsAssociate Risk Manager Jobs in Illinois

Associate Risk Manager information

See Illinois salary details

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How much do associate risk manager jobs pay per hour?

As of Aug 19, 2026, the average hourly pay for associate risk manager in Illinois is $25.21, according to ZipRecruiter salary data. Most workers in this role earn between $17.02 and $28.37 per hour, depending on experience, location, and employer.

What does an associate risk manager do?

An Associate Risk Manager is responsible for helping organizations identify, assess, and minimize risks that could impact their operations, finances, or reputation. They work closely with senior risk managers to develop risk management strategies, conduct risk assessments, and implement control measures. Their duties may also include analyzing data, preparing reports, and ensuring compliance with regulatory requirements. This role is often entry-level or early-career, providing foundational experience in risk management practices. Associate Risk Managers play a key role in supporting the overall risk management framework within an organization.

What are the key skills and qualifications needed to thrive as an associate risk manager?

To thrive as an Associate Risk Manager, you need strong analytical abilities, knowledge of risk assessment methodologies, and a bachelor's degree in finance, business, or a related field. Familiarity with risk management software, Microsoft Excel, and relevant certifications such as CRM or FRM are commonly expected. Excellent communication, problem-solving skills, and attention to detail help you collaborate effectively and identify potential risks. These competencies are crucial for identifying, evaluating, and mitigating organizational risks to support informed decision-making and safeguard company assets.

What are some common challenges an associate risk manager faces when collaborating across departments?

Associate Risk Managers often work closely with various departments such as finance, operations, and compliance to identify and mitigate risks. A common challenge is ensuring clear communication and alignment, as different teams may have varying priorities and levels of risk awareness. Successfully navigating these dynamics requires strong interpersonal skills and the ability to translate complex risk concepts into actionable recommendations for non-specialists. Building trust and maintaining open lines of communication are key to fostering effective cross-departmental collaboration.

What is the difference between Associate Risk Manager vs Risk Analyst?

AspectAssociate Risk ManagerRisk Analyst
CredentialsBachelor's degree, certifications like CRM or FRM often preferredBachelor's degree, certifications like CRM or FRM beneficial
Work EnvironmentCollaborates with risk management teams, involved in strategy developmentAnalyzes data, assesses risks, supports risk management decisions
Employer & Industry UsageInsurance, banking, corporate risk departmentsFinancial services, insurance, consulting firms

The Associate Risk Manager and Risk Analyst roles share similar credentials and industry usage, but the Associate Risk Manager typically has more involvement in strategic planning and risk mitigation efforts, whereas the Risk Analyst focuses more on data analysis and risk assessment support.

Do associate risk managers make good money?

Associate risk managers typically earn a salary that varies by industry and location, with median annual wages around $70,000 to $90,000. Entry-level positions may start lower, while experienced professionals with certifications like CRM or FRM can earn higher salaries and bonuses. Compensation also depends on the size of the organization and the complexity of the risk management responsibilities.

Is risk manager a stressful job?

A risk manager role involves identifying and assessing potential risks to an organization, which can be stressful due to the responsibility of preventing financial or operational losses. The level of stress depends on the industry, company size, and workload, but strong analytical skills and risk management tools are essential for success.

What is an associate risk manager?

An associate risk manager is an entry-level or junior professional responsible for assisting in identifying, assessing, and mitigating risks within an organization. They often support senior risk managers by analyzing data, preparing reports, and implementing risk management strategies, typically requiring knowledge of industry standards and risk assessment tools.

What are the most commonly searched types of Risk Manager jobs in Illinois?

The most popular types of Risk Manager jobs in Illinois are:

What cities in Illinois are hiring for Associate Risk Manager jobs?

Cities in Illinois with the most Associate Risk Manager job openings:

Associate Risk Manager jobs near you
Infographic showing various Associate Risk Manager job openings in Illinois as of August 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $52,441 per year, or $25.2 per hour.

Risk Management - Credit Officer - Associate

Chase

Chicago, IL • On-site

Other

Posted 16 days ago

Chase Bank rating

8.1

Company rating: 8.1 out of 10

Based on 156 frontline employees who took The Breakroom Quiz

65th of 171 rated banks

Job description

Commercial Credit Officer Associate

Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.

As a Commercial Credit Officer Associate in Dealer Commercial Services, you will be responsible for analyzing commercial loans to prospects/existing customers, collaborating with banking partners, and structuring transactions that are consistent with our company's policies and procedures. You will take ownership of the credit process and possess the ability to multi-task, prioritize deal flow and meet delivery deadlines, while making decisions in the best interest of the customer and organization. You will possess and apply a broad understanding of the business environment including the auto industry, current events, and economic cycles.

The Dealer Commercial Services team specializes in floorplan lines of credits, real estate loans, acquisition loans, working capital loans, and treasury products to our 450+ franchised retail automobile dealers. We are searching for an experienced Commercial Credit Officer to manage a portfolio of approximately $250 million in loan commitments.

Job Responsibilities:

  • Utilizing excellent commercial credit skills to prepare written credit reviews which assesses credit opportunities, identifies key risks with appropriate structures to mitigate risks including covenants, terms, and conditions for approval
  • Determining capacity of operating entities to repay their financial obligations through analysis of company-prepared/audited financial statements and detailed cash flow analysis
  • Completing obligor and facility risk ratings with documented rationale for the final risk grades
  • Own portfolio management responsibilities including annual reviews, loan modifications, covenant breaches, inventory audits, overline management, and analyzing trends in key dealer metrics
  • Interacting with clients, virtually or in person, in conjunction with the Banker
  • Working proactively, in a constructive, diplomatic manner, with both internal and external contacts to keep transactions moving.
  • Demonstrating excellent communication skills both internally and externally and using those communication skills to effectively solve problems

Required qualifications, capabilities, and skills

  • Bachelor of Arts in Finance, Accounting, Business Administration, Economics, or equivalent work experience if non-Finance related degree / Master of Business Administration
  • 1+ years commercial credit analysis / automotive captive experience, with thorough knowledge of accounting, risk grading, cash flow analysis, financial statement analysis, loan structuring, and market
  • Hands-on experience analyzing commercial loans to franchised auto dealerships, or equivalent, including floor plan lending.
  • Superior analytical skills supported by excellent written and verbal communication skills
  • Demonstrated judgment and ability to act decisively
  • Expert knowledge of credit philosophy and policies, understanding of commercial loan documentation requirements, and related legal issues

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