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Bank Risk Management Jobs in Illinois (NOW HIRING)

Wintrust

Risk Management Officer

Rosemont, IL · On-site

Wintrust provides community and commercial banking, specialty finance and wealth management ... Provide independent model risk management and support for the VP of Model Risk as follows: Model ...

Wintrust

Risk Management Officer

Rosemont, IL · Hybrid

Wintrust provides community and commercial banking, specialty finance and wealth management ... Provide independent model risk management and support for the VP of Model Risk as follows: Model ...

Bank of Montreal

Third Party Risk Manager

Chicago, IL · On-site

$57K - $106K/yr

  • Medical

  • Life

  • Retirement

... Bank's Risk Management Framework and approved Risk Appetite. * Management of risk stakeholder program execution and interaction with Third Party Risk Specialists/Supplier Managers to manage and ...

Wintrust

Risk Management Analyst

Northbrook, IL · On-site

$20.19 - $26/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

... or Management. The associate will make informed decisions based on Risk evaluation criteria ... Conduct bank references, market references and policy/funding verifications on necessary entity ...

Wintrust

Risk Management Analyst

Northbrook, IL

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

... or Management. The associate will make informed decisions based on Risk evaluation criteria ... Conduct bank references, market references and policy/funding verifications on necessary entity ...

Servbank

AVP, Banking Risk & Controls

Bourbonnais, IL · On-site

$94K - $110K/yr

The position is responsible for overseeing and managing the banking risk and controls framework within Deposit Operations across both commercial and consumer lines of business, in partnership with ...

Bank of Montreal

Third Party Risk Manager

Chicago, IL · On-site

$74K - $138K/yr

  • Medical

  • Life

  • Retirement

... Bank's Risk Management Framework and approved Risk Appetite. • Management of risk stakeholder program execution and interaction with Third Party Risk Specialists/Supplier Managers to manage and ...

Servbank

AVP, Banking Risk & Controls

Bourbonnais, IL · On-site

$94K - $110K/yr

The position is responsible for overseeing and managing the banking risk and controls framework within Deposit Operations across both commercial and consumer lines of business, in partnership with ...

Servbank

AVP, Banking Risk & Controls

Danville, IL · On-site

$94K - $110K/yr

The position is responsible for overseeing and managing the banking risk and controls framework within Deposit Operations across both commercial and consumer lines of business, in partnership with ...

Servbank

AVP, Banking Risk & Controls

Watseka, IL · On-site

$94K - $110K/yr

The position is responsible for overseeing and managing the banking risk and controls framework within Deposit Operations across both commercial and consumer lines of business, in partnership with ...

Servbank

AVP, Banking Risk & Controls

Oswego, IL · On-site

$94K - $110K/yr

The position is responsible for overseeing and managing the banking risk and controls framework within Deposit Operations across both commercial and consumer lines of business, in partnership with ...

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All JobsBank Risk Management JobsBank Risk Management Jobs in Illinois

Bank Risk Management information

See Illinois salary details

$49.9K

$108.1K

$164.7K

How much do bank risk management jobs pay per year?

As of Aug 19, 2026, the average yearly pay for bank risk management in Illinois is $108,101.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,200.00 and $125,000.00 per year, depending on experience, location, and employer.

What is bank risk management?

A Bank Risk Management job involves identifying, assessing, and mitigating financial risks that could impact a bank's operations and stability. Professionals in this role analyze credit, market, operational, and regulatory risks to ensure the bank complies with industry standards and maintains financial security. They develop risk models, monitor exposure, and implement strategies to minimize potential losses. Strong analytical skills, regulatory knowledge, and financial expertise are essential for this role.

What are the key skills and qualifications needed to thrive in bank risk management?

To thrive in Bank Risk Management, you generally need strong analytical skills, knowledge of finance and banking regulations, and a degree in finance, economics, or a related field. Familiarity with risk assessment tools, statistical software (such as SAS or R), and certifications like FRM (Financial Risk Manager) or CFA are highly valued. Excellent communication, critical thinking, and problem-solving abilities are important soft skills for interpreting data and presenting recommendations to stakeholders. These capabilities are essential for identifying, assessing, and mitigating risks that could impact the financial health and regulatory compliance of the bank.

What are some common challenges faced in bank risk management?

One of the primary challenges in Bank Risk Management is staying updated with constantly evolving regulatory requirements and ensuring the bank's practices remain compliant. Additionally, professionals in this field must analyze complex financial data to anticipate and mitigate potential risks, which requires accuracy and keen attention to detail. Collaboration with other departments, such as credit, compliance, and operations teams, is frequent and essential for gathering information and implementing risk strategies. Successfully navigating these challenges improves organizational resilience and protects the bank's financial stability.

Is bank risk management a good career?

Bank risk management is a vital role that involves identifying, analyzing, and mitigating financial risks within banking institutions. It requires strong analytical skills, knowledge of financial regulations, and often certifications like FRM or CFA. The field offers stable employment, competitive salaries, and opportunities for advancement in the financial industry.

What does bank risk management do at a bank?

Bank risk management involves identifying, assessing, and mitigating financial risks such as credit, market, and operational risks to ensure the bank's stability and compliance. Professionals in this field analyze data, develop risk policies, and use tools like risk models and software to protect the bank's assets and maintain regulatory standards.

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

The most popular types of Bank Risk Management jobs in Illinois are:

What are popular job titles related to Bank Risk Management jobs in Illinois?

For Bank Risk Management jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Bank Risk Management jobs in Illinois look for?

The top searched job categories for Bank Risk Management jobs in Illinois are:

Bank Risk Management jobs near you
Infographic showing various Bank Risk Management job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $108,101 per year, or $52 per hour.

Sr. Manager, US Data & AI Risk Management Operational Risk

CIBC

Chicago, IL • On-site

$150K - $175K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 12 days ago

Job description

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com
CIBC is building a relationship-oriented bank for a modern world. Our role is to maintain an effective control environment and oversee the sound risk management of our bank, consistent with our Risk Appetite Statement. We help safeguard our reputation and brand while providing proactive advice and oversight of CIBC's compliance with regulatory requirements, including those related to consumer and investor protection, sales practices, securities trading, and anti-money laundering.
Reporting to the Head of Cybersecurity, Fraud & Technology Risk Management, the Sr. Manager, Operational Risk is accountable for conducting an independent review of the Bank's Artificial Intelligence (AI) and Data Risks through the use of various risk management assessment, monitoring tools, and reporting. The position fulfills the role of second line of defense (2nd LOD) covering AI and Data risks.
What You'll Be Doing
  • Establish and provide challenge in the development and maintenance for AI and Data practices across the first line of defense.
  • Provide support in the operational risk activities and assists in the risk and control self-assessments, risk reviews, gap analysis, and control assessments around Data and AI risks.
  • Act as the 2nd LOD Subject Matter Expertise (SMEs) and provide credible challenge to the lines of business and the respective risk partners.
  • Establish and maintain cross-functional working relationship which includes parent-bank risk management colleagues, risk owners from first line of defense, functional groups of LOBs, Internal Audit, and regulators.
  • Assist leaders of the organization to understand key value drivers and challenges within their business units in relation to AI and Data risks, and enable the determination and monitoring of KPIs/KRIs that can help improve performance as a result.
  • Support the US Operational Risk Management team with AI and Data risk management related topics as the resident AI risk management subject matter expert. #LI-TA

CROSS-FUNCTIONAL RELATIONSHIPS
  • The role works in close collaboration with leaders across the organization when challenging/discussing risks in relation to AI and Data risk.
  • The role also partners with various risk management groups including parent-bank, risk owners, and other governance functions and regulators to deliver on the accountabilities of the role.

COMPLIANCE REQUIREMENTS/RESPONSIBILITIES
  • As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.

AUTHORITIES/DECISION RIGHTS
  • As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.

At CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 3 days per week on-site, while other days will be remote.
Who You Are
  • Bachelor's degree in business, information systems, risk management, technology or equivalent work experience
  • Minimum 3-5 years' experience with technology, AI, and Data based on industry standard frameworks (example DCAM) and/or regulatory requirements
  • Industry relevant certifications or equivalent preferred
  • Experience with risk reviews, assessments, testing, and/or evaluation of control environment, risk mitigations, and compliance with various industry standards and regulatory requirements
  • Strong communication (verbal and written) skills with ability to present technical information in clear and concise manner to a variety of audiences; including technology SMEs, senior management, and/or regulators
  • Ability to work under pressure and creatively solve problems

California residents - your privacy rights regarding your actual or prospective employment
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $150,000 - $175,000 for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee's needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
  • We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
  • Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
  • We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions
What you need to know
  • CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact
  • You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
  • We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location
IL-120 S LaSalle St
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Thinking, Control Frameworks, Decision Making, Group Problem Solving, Operation Risk Management, Risk Analytics, Risk Assessments, Risk Governance

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