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Associate Risk Manager Jobs in Elgin, IL (NOW HIRING)

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 ...

USI Holdings Corporation

Personal Risk Specialist

Chicago, IL · On-site

$101K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Manage employee and prospect data, including the development of prospect lists from business ... We invest heavily in our associates, and we take pride in celebrating their growth and success ...

USI Insurance Services

Personal Risk Specialist

Chicago, IL · On-site

$101K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Manage employee and prospect data, including the development of prospect lists from business ... We invest heavily in our associates, and we take pride in celebrating their growth and success ...

Aritzia

Retail Stores - Risk Associate

Chicago, IL · On-site

$15.50 - $18.50/hr

Risk Associate Our Enterprise Risk Management department is responsible for minimizing loss while respecting people, brand and operations. With a special focus on merchandise security, our Risk ...

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

With management's "Open Door" policy, every employee has a voice. Everyone helps as FIRST ... The associate will make informed decisions based on Risk evaluation criteria. Principle Duties and ...

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

$20.19 - $26/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

With management's "Open Door" policy, every employee has a voice. Everyone helps as FIRST ... The associate will make informed decisions based on Risk evaluation criteria. Principle Duties and ...

Aritzia

Retail Stores - Risk Associate

Chicago, IL · On-site

$15.50 - $18.50/hr

THE DEPARTMENT Our Enterprise Risk Management department is responsible for minimizing loss while ... THE JOB As the Risk Associate, you will: * Support a safe and secure working environment * Minimize ...

Aritzia

Retail Stores - Risk Associate

Northbrook, IL · On-site

$15.25 - $18.25/hr

THE DEPARTMENT Our Enterprise Risk Management department is responsible for minimizing loss while ... THE JOB As the Risk Associate, you will: * Support a safe and secure working environment * Minimize ...

Aritzia LP

Retail Stores - Risk Associate

Chicago, IL · On-site

$15.50 - $18.50/hr

THE DEPARTMENT Our Enterprise Risk Management department is responsible for minimizing loss while ... THE JOB As the Risk Associate, you will: * Support a safe and secure working environment * Minimize ...

Aritzia

Retail Stores - Risk Associate

Chicago, IL · On-site

$15.50 - $18.50/hr

THE DEPARTMENT Our Enterprise Risk Management department is responsible for minimizing loss while ... THE JOB As the Risk Associate, you will: * Support a safe and secure working environment * Minimize ...

Aritzia LP

Retail Stores - Risk Associate

Rosemont, IL · On-site

$15 - $18.25/hr

THE DEPARTMENT Our Enterprise Risk Management department is responsible for minimizing loss while ... THE JOB As the Risk Associate, you will: * Support a safe and secure working environment * Minimize ...

Aritzia

Retail Stores - Risk Associate

Chicago, IL · On-site

$15.50 - $18.50/hr

THE DEPARTMENT Our Enterprise Risk Management department is responsible for minimizing loss while ... THE JOB As the Risk Associate, you will: * Support a safe and secure working environment * Minimize ...

Aritzia

Retail Stores - Risk Associate

Oak Brook, IL · On-site

$15.25 - $18.25/hr

THE DEPARTMENT Our Enterprise Risk Management department is responsible for minimizing loss while ... THE JOB As the Risk Associate, you will: * Support a safe and secure working environment * Minimize ...

Chase

Environmental Credit Risk Sr Officer

Chicago, IL · On-site

  • Medical

  • Retirement

Environmental Credit Risk Associate Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the ...

RSM

Manager, Risk and Comliance

Chicago, IL

The Manager of Risk & Compliance supports Assurance Digital by executing certification and ... Associate Directors or Directors. * Governance and Reporting Support - Support compliance ...

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All JobsAssociate Risk JobsAssociate Risk Manager JobsAssociate Risk Manager Jobs in Elgin, IL

Associate Risk Manager information

See Elgin, IL salary details

$12

$25

$49

How much do associate risk manager jobs pay per hour?

As of Aug 19, 2026, the average hourly pay for associate risk manager in Elgin, IL is $25.12, according to ZipRecruiter salary data. Most workers in this role earn between $17.12 and $29.47 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 cities near Elgin, IL are hiring for Associate Risk Manager jobs?

Cities near Elgin, IL with the most Associate Risk Manager job openings:

Associate Risk Manager jobs near you

Associate Director, Risk & Margin

Clear Street

Chicago, IL • On-site

$125K - $170K/yr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 12 days ago

Job description

About Clear Street:
Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets.
We started from scratch by building a completely cloud-native clearing and custody system designed for today's complex, global market. Clear Street's proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency.
By combining highly-skilled product and engineering talent with seasoned finance professionals, we're building the essentials to compete in today's fast-paced markets.
Overview
Clear Street, LLC is seeking an experienced and highly motivated Associate Director to join our Risk/ Margin team. This critical role involves overseeing daily margin activities, ensuring strict compliance with both regulatory mandates and internal house requirements, and developing strategic initiatives to enhance team performance and support business expansion. The successful candidate must possess deep expertise across several key areas: financial instruments, collateral management, relevant regulatory frameworks (including Federal Reserve - Regulation T, FINRA 4210, CFTC, and SEC 18a-3), and the end-to-end front-to-back office processes related to trading and clearing.
Key Responsibilities
Margin and Collateral Management
  • Manage the daily calculation, issuance, and settlement of margin calls.
  • Ensure the accurate and timely management of collateral, including eligibility assessments, optimization, and allocation.
  • Serve as a subject matter expert for margin methodologies, requirements, and internal firm house policy.
  • Spearhead efficiency and improvements within the collateral management infrastructure and operational workflows.
Regulatory Compliance and Reporting
  • Maintain a current understanding of evolving global financial regulations impacting risk and margin
  • Ensure departmental adherence to all relevant internal policies, external regulations, and audit requirements.
  • Manage the preparation and submission of internal and external regulatory reports related to risk, capital, and collateral.
  • Serve as a key contact for regulatory examinations and internal audits related to risk controls and margin processes.
Leadership and Strategy
  • Contribute to the strategic development and implementation of the firm's overall risk framework and technology roadmap.
  • Partner with Technology, Operations, Legal, and Front Office teams to execute new product launches and process enhancements.
  • Identify and implement automation opportunities to streamline risk and margin processes, reducing operational risk.
Qualifications
Essential
  • Bachelor's degree in Finance, Economics, Quantitative Methods, or a related field.
  • 7+ years of experience in margin management , risk management, collateral operations, or a quantitative finance role within a major financial institution (e.g., investment bank, clearing house, asset manager).

Desirable
  • Experience with risk management systems or collateral management platforms.
  • Proficiency in data analysis tools and programming languages (e.g., SQL, Python, R).
  • Excellent communication skills, both written and verbal, with the ability to articulate complex risk issues to senior management and diverse stakeholders.
  • Proven expertise in risk metrics (VaR, stress testing, PFE) and margin methodologies (SIMM, SPAN, etc.).
  • Strong knowledge of global derivatives markets, secured financing transactions

We Offer:
The Base Salary Range for this role is $125,000-170,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street's total compensation. The range stated does not include other factors of total compensation such as bonuses or equity.
At Clear Street, we offer competitive compensation packages, company equity, 401k matching, gender neutral parental leave, and full medical, dental and vision insurance. Our belief has always been that we are better as a business when we are all together in person. As such, we are requiring employees to be in the office 4 days per week. In-office benefits include lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.
Our top priority is our people. We're continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other's successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse - in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.

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