ZipRecruiter

Log In

1

Business Risk Manager Jobs in Illinois (NOW HIRING)

Capital One

Manager, Risk Manager

Riverwoods, IL · On-site

Manager, Risk Manager Are you ready to lead from the front line of a top 10 bank? Do you thrive in ... Serve as a trusted advisor to core business areas, providing tailored guidance and proactive risk ...

Capital One

Manager, Risk Manager

Riverwoods, IL · On-site

Manager, Risk Manager Are you ready to lead from the front line of a top 10 bank? Do you thrive in ... Serve as a trusted advisor to core business areas, providing tailored guidance and proactive risk ...

IMC

Experienced Risk Manager

Chicago, IL · On-site

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on Delta One business. Risk at IMC is deeply integrated with trading-we don't operate as a separate ...

International Motors, LLC

Senior Risk Manager

Lisle, IL · On-site

$138K - $207K/yr

The Senior Risk Manager will lead the enterprise insurance and risk financing programs; assess, quantify, and communicate business risk; develop and execute risk mitigation strategies; and ensure ...

IMC B.V.

Experienced Risk Manager

Chicago, IL · On-site

$150 - $210/hr

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on Delta One business. Risk at IMC is deeply integrated with trading--we don't operate as a separate ...

Capital One

Risk Manager

Riverwoods, IL · On-site

Risk Manager As part of Enterprise Risk Management (ERM), you will work with talented associates to ... You will work to improve business efficiency and drive results by building the universal "language ...

IMC

Experienced Risk Manager

Chicago, IL · On-site

$150K - $210K/yr

IMC is looking for an Experienced Risk Manager to join our Chicago Risk team, focusing primarily on Delta One business. Risk at IMC is deeply integrated with trading-we don't operate as a separate ...

PremiStar

Risk Manager

Deerfield, IL · On-site

The Risk Manager is responsible for leading the organization's enterprise insurance strategy ... Develop insurance rates for monthly accruals performed by the business. * Evaluate limits ...

Capital One

Lead Risk Specialist

Riverwoods, IL · On-site

$102K/yr

Foster a culture of proactive risk awareness, helping manage horizontal routines to ensure the business is continuously audit-ready. * Cross-Functional Collaboration: Partner and collaborate across ...

Capital One

Lead Risk Specialist

Chicago, IL · On-site

$101K/yr

Foster a culture of proactive risk awareness, helping manage horizontal routines to ensure the business is continuously audit-ready. * Cross-Functional Collaboration: Partner and collaborate across ...

Arrive Logistics

Risk Manager

Chicago, IL · On-site

Manage key performance indicators (KPIs) around response times, resolution accuracy, and ticket volume to ensure the Risk team supports the speed of the business while maintaining strict security ...

Arrive Logistics

Risk Manager

Chicago, IL · On-site +1

$105K - $132K/yr

Manage key performance indicators (KPIs) around response times, resolution accuracy, and ticket volume to ensure the Risk team supports the speed of the business while maintaining strict security ...

next page

Showing results 1-20

All JobsBusiness Risk JobsBusiness Risk Manager JobsBusiness Risk Manager Jobs in Illinois

Business Risk Manager information

See Illinois salary details

$26.3K

$95K

$156.6K

How much do business risk manager jobs pay per year?

As of Aug 24, 2026, the average yearly pay for business risk manager in Illinois is $95,017.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,901.00 and $109,684.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a business risk manager?

To thrive as a Business Risk Manager, you need strong analytical skills, risk assessment expertise, and a background in finance, business, or a related field, often backed by a bachelor's degree or higher. Familiarity with risk management frameworks, regulatory compliance systems, and certifications like FRM (Financial Risk Manager) or CRM (Certified Risk Manager) is typically required. Exceptional communication, problem-solving, and stakeholder management skills help you effectively identify, mitigate, and communicate risks across an organization. These competencies are crucial for proactively managing threats, ensuring regulatory compliance, and supporting the long-term stability and success of the business.

How does a business risk manager typically collaborate with other departments to address organizational risks?

As a Business Risk Manager, cross-functional collaboration is a key part of the role. You’ll regularly work with departments such as finance, compliance, operations, and IT to identify potential risks, assess their impact, and develop mitigation strategies. This often involves facilitating risk assessment workshops, sharing reports, and ensuring that risk controls are integrated into business processes. Effective communication and relationship-building skills are essential, as you’ll act as a bridge between senior management and operational teams to align risk management efforts with organizational goals.

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

AspectBusiness Risk ManagerRisk Analyst
CredentialsCertifications like CRM, FRM, or CRC; bachelor's degree in business, finance, or related fieldCertifications such as FRM or CRM; bachelor's degree in finance, economics, or related field
Work EnvironmentStrategic planning, risk assessment, and policy development in corporate settingsData analysis, risk modeling, and reporting in finance or insurance firms
Employer & IndustryCorporations, financial institutions, insurance companiesFinancial services, consulting firms, insurance companies

The Business Risk Manager focuses on developing risk strategies and policies at a strategic level, while the Risk Analyst primarily conducts data analysis and risk assessments. Both roles require similar certifications and often work within the same industries, but their responsibilities differ in scope and focus.

Do business risk managers make good money?

Business risk managers typically earn a competitive salary that varies based on experience, industry, and location. According to industry data, median annual salaries range from $80,000 to over $120,000, with higher earnings possible for those with advanced certifications or in senior roles. The profession often requires strong analytical skills and knowledge of risk assessment tools.

How much do business risk managers make?

Business risk managers typically earn a median annual salary of around $100,000, with salaries ranging from approximately $70,000 to over $140,000 depending on experience, industry, and location. Advanced certifications and strong analytical skills can lead to higher compensation in this role.

What does a business risk manager do?

A business risk manager identifies, assesses, and develops strategies to mitigate potential risks that could impact an organization's operations, financial health, or reputation. They analyze data, implement risk management frameworks, and work with various departments to ensure compliance and resilience. Strong analytical skills and knowledge of industry regulations are essential for this role.

What are popular job titles related to Business Risk Manager jobs in Illinois?

For Business Risk Manager jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Business Risk Manager jobs in Illinois look for?

The top searched job categories for Business Risk Manager jobs in Illinois are:

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

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

Business Risk Manager jobs near you
Infographic showing various Business Risk Manager job openings in Illinois as of August 2026, with employment types broken down into 88% Full Time, 10% Part Time, and 2% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $95,017 per year, or $45.7 per hour.

Business Risk Management Analyst

Federal Home Loan Bank of Chicago

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 6 days ago

Job description

At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.
  • Collaborative, in-office operating model

  • Retirement program (401k and Pension)

  • Medical, dental and vision insurance

  • Lifestyle Spending Account

  • Competitive PTO plan

  • 11 paid holidays per year

Who we are
Our mission at FHLBank Chicago: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities.
Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.
What it's like to work here
At FHLBank Chicago, we bring people together. We are committed to a high performing, engaged workforce, and to supporting the communities we serve across Illinois and Wisconsin. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement allow employees to grow their career with us. Our collaborative, in-office operating model brings teams together to foster innovation, connection, and shared success. To support balance and flexibility, employees are provided an allocation of remote days to use as needed throughout the year
What you'll do
The Analyst, Business Risk Management (BRM) supports the Bank's first-line risk function within the member-facing business, assisting with appropriateness reviews, exception tracking, governance and controls documentation, key risk indicator (KRI) reporting, and 7th District Mortgage Partnership Finance® (MPF®) oversight. Working under the Sr. Manager, Business Risk Management, the Analyst performs the day-to-day analytical, reporting, and documentation activities that help ensure first-line risk management practices are disciplined, timely, well controlled, and audit-ready.
This is a hands-on analytical role for someone who is detail-oriented, organized, and comfortable working with data, documentation, and cross-functional partners. The Analyst will build durable first-line risk skills while supporting a function that is central to the Bank's control environment.
This position sits within the Member Financial Strategies group, reports to the Sr. Manager, Business Risk Management, and partners with Solutions, Sales, Sales Operations, Risk Management, Compliance, and Internal Audit.
How you'll make an impact
  • Help build and shape a growing first-line risk management function that plays a critical role in supporting the Bank's member-facing businesses and strategic objectives.
  • Turn data into insights by analyzing risk trends, developing reporting solutions, and helping leadership make informed decisions.
  • Influence sound business decisions and risk disciplines while partnering with stakeholders across the first, second, and third lines of defense.

What you can expect
Appropriateness & Transaction Support
  • Perform initial appropriateness reviews of member transactions and solution designs against the established framework, flagging items for Manager review
  • Conduct and/or compile supporting analysis and document rationale for suitability determinations
  • Help maintain and refine appropriateness checklists, templates, and supporting procedures

Exception Tracking & Documentation
  • Maintain the first-line exception log, tracking status, aging, conditions, approvals, and remediation
  • Prepare clear exception write-ups and ensure documentation is complete and audit-ready
  • Follow up with stakeholders to keep open items moving toward resolution

KRI & Risk Reporting
  • Gather data and produce recurring KRI and first-line risk reports on schedule
  • Perform exposure and trend analysis and support ad hoc risk analytics
  • Design and maintain dashboard reporting to support risk analysis and monitoring
  • Identify and escalate potential risk concerns, reporting anomalies, limit or risk appetite breaches, aging exceptions to the Manager in a timely manner
  • Help translate risk data into clear, accurate reporting for the Manager and stakeholders

Governance, Controls & MPF Oversight Support
  • Maintain control inventories, policy and procedure documentation, and evidence repositories
  • Support first-line oversight of 7th District MPF activity through data gathering, monitoring, and reporting
  • Help ensure first-line records are organized, current, and readily retrievable

Cross-Functional & Audit Support
  • Assist in responding to Second Line of Defense, Internal Audit, and regulatory requests with timely, accurate documentation
  • Coordinate with Solutions, Sales, and Sales Operations to gather information, resolve follow-up items, and support consistent execution of fist-line risk activities
  • Contribute to process improvements that increase the accuracy and efficiency of first-line activities

What you'll bring
  • Bachelor's degree in Finance, Economics, Statistics, Business Analytics, Risk Management, or a related field. Advanced degree or relevant professional certification (FRM, CFA, PRM, CERP) is a plus.
  • 1-3 years of experience in risk, controls, audit, compliance, operations, or analytics at a financial institution; relevant internships and rotational experience will be considered.
  • Strong data and analytical skills, including proficiency in Excel; familiarity with SQL, Tableau, or Databricks is a plus.
  • Exposure to risk frameworks, controls, or the MPF program is a plus.
  • Demonstrated ability to manage recurring deliverables accurately and on deadline.
  • Solid analytical and documentation skills, with strong attention to detail and accuracy.
  • Foundational risk fundamentals, including familiarity with KRIs and exposure analysis.
  • Developing regulatory awareness, including an understanding of the three-lines-of-defense model.
  • Highly organized, with the ability to manage multiple recurring deliverables to deadline.
  • Exceptional written and verbal communication skills.
  • Collaborative and dependable, able to partner credibly across functions.
  • Comfort working with data and reporting tools; Excel required, with SQL, Tableau, or Databricks a plus.

The Perks
At FHLBank Chicago, we believe in rewarding our high performing workforce. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. Our retirement program includes a 401(k) and pension plan. Our wellbeing program supports employees at work and in their personal lives: Our PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop. Visit FHLBCbenefits.com for additional details about our benefits. Step into a brighter future with us.
Salary Range:
$75,325.00 - $125,500.00
The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc

Apply