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Bank Risk Management Jobs in Illinois (NOW HIRING)

PayPal

Sr Manager, Risk Management

Chicago, IL · On-site

$130K - $193K/yr

... a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a ... This job leads complex projects related to risk management, collaborates with teams to identify ...

Bank of Montreal

VP, Portfolio Manager

Chicago, IL · On-site

$88K - $165K/yr

Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making ...

PayPal

Sr Manager, Risk Management

Chicago, IL

$143K - $212K/yr

... a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a ... This job leads complex projects related to risk management, collaborates with teams to identify ...

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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 Jun 15, 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 does a risk manager do in a bank?

A risk manager in a bank identifies, assesses, and monitors financial and operational risks to minimize potential losses. They develop risk management strategies, ensure compliance with regulations, and use tools like risk assessment models and data analysis to support decision-making.

How much does Goldman Sachs pay risk management?

Risk management professionals at Goldman Sachs typically earn a base salary ranging from $80,000 to over $150,000 annually, depending on experience and seniority. Bonuses and incentives can significantly increase total compensation, especially for those with specialized skills or certifications like FRM or CFA. Compensation varies by location and role complexity within the firm.

What does a risk management officer do in a bank?

A risk management officer in a bank assesses and monitors financial risks such as credit, market, and operational risks to ensure the bank's stability. They develop risk mitigation strategies, analyze data using specialized tools, and ensure compliance with regulatory standards to protect the bank's assets and reputation.

What are some common challenges faced in a Bank Risk Management role?

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.

What are the key skills and qualifications needed to thrive in the Bank Risk Management position, and why are they important?

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.

Is risk management high paying?

Risk management professionals in banking often earn competitive salaries, especially with experience and certifications such as FRM or CFA. Salaries can vary based on the level of responsibility, location, and the size of the institution, but generally, risk management roles are considered well-compensated within the finance industry.

What is a Bank Risk Management job?

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 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 June 2026, with employment types broken down into 6% Internship, 77% Full Time, and 17% Part Time. Highlights an 94% In-person, and 6% Hybrid job distribution, with an average salary of $108,101 per year, or $52 per hour.
Risk Management - Credit Officer - Executive Director

Risk Management - Credit Officer - Executive Director

JPMorgan Chase & Co.

Chicago, IL • On-site

$156K - $235K/yr

Full-time

Medical, Retirement

Posted 24 days ago

JPMorgan Chase & Co. rating

8.1

Company rating: 8.1 out of 10

Based on 469 frontline employees who took The Breakroom Quiz

46th of 141 rated banks

Job description

Job Description
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 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 Credit Officer Director in Risk Management and Compliance, you will lead credit risk evaluation in the Chicago and Minneapolis regions for multifamily term loans generally ranging from $1 million to $25 million+, ensuring decisions align with risk appetite and strong risk controls. You will oversee a high-volume credit environment, provide clear guidance on complex approvals, and mentor and develop talent while partnering broadly across the business, risk and key stakeholders.
Job Responsibilities
  • Lead and manage the Chicago risk team's execution of credit analysis in a high-volume environment, maintaining the highest standards of quality and risk controls.
  • Evaluate and manage risk in complex transactions, including items requiring elevated approval authority and heightened judgment.
  • Enhance market and portfolio discussions by identifying key risk considerations, highlighting relevant portfolio metrics, and surfacing emerging regional trends.
  • Cultivate and sustain strong partnerships with internal stakeholders across the business and operations to help ensure timely, well-informed outcomes.
  • Establish broad, collaborative relationships across CTL Risk functions and with senior stakeholders to support consistent regional execution.
  • Apply relevant policies, standards, procedures, and regulatory requirements across all credit analysis activities, ensuring strong governance and controls.
  • Implement change and lead strategic initiatives aligned with functional goals, with an innovation-minded and resilient approach.
  • Develop individuals through active coaching, mentoring, and regular training, strengthening the team's capability and bench.
  • Monitor industry trends and best practices in credit risk management to enhance decision-making and maintain a competitive edge.

Required qualifications, capabilities, and skills
  • Bachelor's degree in a business or finance concentration (or equivalent experience).
  • 10+ years of experience in commercial real estate lending, credit analysis, and/or loan workouts.
  • Proven management background, with a track record of leading teams and effectively coaching, supporting, and motivating employees at different stages of development.
  • Strong knowledge of the Chicago commercial real estate market, with the ability to provide insights on key market themes and emerging trends.
  • Thorough understanding of multifamily property valuations and cash flow analysis, including evaluating property cash flows, valuation, and personal financial statements.
  • Superior interpersonal, verbal and written communication and presentation skills.
  • Strong stakeholder management skills, with the ability to build collaborative relationships across risk and business partners.
  • Demonstrated experience applying policies, standards, procedures, and regulatory requirements in credit decisioning and analysis activities.
  • Proficiency in Microsoft Word, Excel, and PowerPoint, with the ability to quickly adapt to proprietary systems.

Preferred qualifications, capabilities, and skills
  • Advanced degree in a related field and/or real estate coursework.
  • Experience managing loan underwriters in commercial real estate or agency lending (for example, Fannie Mae or Freddie Mac).
  • Experience with proprietary credit risk management tools and related system enablement
  • Experience with large language model tools.

About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

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