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Chief Risk Officer Hedge Fund Jobs (NOW HIRING)

The Chief Risk Officer role sits at the intersection of business decision-making, risk ownership, insurance strategy, and technology risk. It is not a traditional compliance or audit role. The focus ...

The Chief Risk Officer (CRO) leads the enterprise-wide risk management function with responsibility for overseeing and managing all aspects of risk across Conning. The CRO provides oversight of ...

Chief Risk Officer

Chicago, IL · On-site

$259.25 - $320.25/hr

We are hiring a Chief Risk Officer to provide strategic leadership and oversight of the financial risk management function for the Clearinghouse. The CRO reports to the President of Cboe Clearing US ...

PA · On-site

$150 - $200/hr

Chief Risk Officer (CRO)** will report directly to the CEO with a dotted line to the Risk and Audit Committee of the Board.# The CRO will be a a member of the Executive Team and will work closely ...

$180 - $280/hr

The Hedge Fund team member will help develop and oversee UTIMCO's equity market neutral managed ... Monitoring individual manager and overall portfolio performance and risk * Fostering valued ...

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Chief Risk Officer Hedge Fund information

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$99K

$191.8K

$384K

How much do chief risk officer hedge fund jobs pay per year?

As of Sep 4, 2026, the average yearly pay for chief risk officer hedge fund in the United States is $191,763.00, according to ZipRecruiter salary data. Most workers in this role earn between $168,500.00 and $190,500.00 per year, depending on experience, location, and employer.

What is a chief risk officer at a hedge fund?

A Chief Risk Officer (CRO) at a hedge fund is a senior executive responsible for identifying, assessing, and managing the various risks that could impact the fund's investments and operations. Their role involves developing risk management strategies, monitoring market and credit risks, ensuring regulatory compliance, and advising the fund's leadership on risk-related issues. The CRO works closely with portfolio managers and other executives to balance potential returns with acceptable levels of risk, helping to protect the fund's assets and reputation.

What are the key skills and qualifications needed to thrive as a chief risk officer at a hedge fund?

To excel as a Chief Risk Officer at a hedge fund, you typically need deep expertise in risk management, quantitative finance, and portfolio analysis, often backed by an advanced degree (such as an MBA or MSc) and relevant certifications like FRM or CFA. Familiarity with risk analytics platforms, financial modeling software, and regulatory compliance systems is crucial. Outstanding leadership, decisive communication, and strategic thinking are vital soft skills for guiding teams and influencing firm-wide risk culture. These qualifications ensure effective identification, assessment, and mitigation of risks, protecting the fund's assets and supporting long-term investment performance.

What are the typical challenges a chief risk officer faces when managing risk in a hedge fund environment?

A Chief Risk Officer (CRO) at a hedge fund often contends with challenges such as rapidly changing market conditions, complex portfolio exposures, and the need to balance risk management with the fund’s return objectives. The CRO must ensure that robust risk frameworks are in place to identify, measure, and mitigate risks across diverse asset classes and strategies. Additionally, they frequently collaborate with portfolio managers and compliance teams to align risk appetite with regulatory requirements and investor expectations, making adaptability and strong communication skills essential for success in this role.

What is the difference between Chief Risk Officer Hedge Fund vs Chief Investment Officer Hedge Fund?

AspectChief Risk Officer Hedge FundChief Investment Officer Hedge Fund
Primary FocusRisk management, compliance, and mitigation strategiesInvestment strategy, portfolio management, and asset allocation
Required CredentialsRisk management certifications (FRM, PRM), finance degreesFinance, economics degrees, CFA certification often preferred
Work EnvironmentRisk departments, compliance teams, senior managementInvestment teams, portfolio management, research analysts
Industry UsageCommonly found in hedge funds, asset managersPrevalent in hedge funds, private equity, asset management

The Chief Risk Officer Hedge Fund primarily focuses on identifying and mitigating risks within the fund, ensuring compliance and stability. In contrast, the Chief Investment Officer Hedge Fund concentrates on developing investment strategies and managing portfolios to maximize returns. Both roles are vital but serve different core functions within a hedge fund.

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What cities are hiring for Chief Risk Officer Hedge Fund jobs?

Cities with the most Chief Risk Officer Hedge Fund job openings:

What are the most commonly searched types of Chief Risk Officer Hedge Fund jobs?

The most popular types of Chief Risk Officer Hedge Fund jobs are:

Infographic showing various Chief Risk Officer Hedge Fund job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 89% Full Time, 8% Part Time, and 2% Contract. Highlights an 87% Physical, 4% Hybrid, and 9% Remote job distribution, with an average salary of $191,763 per year, or $92.2 per hour.

Chief Risk Officer: Strategic Risk & Regulation Leader (Chicago)

Cedar Cares, Inc

Chicago, IL • On-site

Full-time

This job post has expired today. Applications are no longer accepted.


Job description

Cboe Clearing US is seeking a Chief Risk Officer to provide strategic leadership and oversight of the financial risk management function for the Clearinghouse. The CRO reports to the President, the Board, and the Risk Management Committee, partnering across teams to ensure a robust risk framework that supports future product growth.

Responsibilities include designing risk management frameworks, overseeing credit risk, developing margin methodologies, and coordinating with regulators.

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