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Collateral Manager Jobs in Illinois (NOW HIRING)

Qorali

Collateral Services

Chicago, IL · On-site

Analyze collateral, settlement, and stock‑loan data across multiple systems; prepare clear, professional reports and insights for internal management and external stakeholders. * Engage daily with ...

Huntington

Collateral Analyst Sr

Chicago, IL · On-site +1

$27.40 - $62.50/hr

The Collateral Analyst Sr handles complex customer relationships including but not limited to co ... Prepares regular reports to inform management of the overall account status. * Performs other ...

BC Forward

CDO Portfolio Administrator

Chicago, IL · On-site

$19/hr

The CLO Middle Office team shadows CLO portfolios on behalf of the Collateral Manager. The CDO Portfolio Administrator will reconcile daily cash projections and par holdings to Trustee records and ...

LegalAndGeneral

Head of US Middle Office

Chicago, IL · On-site

This role oversees Trade Services, Derivatives Operations, Collateral Management, Reconciliations, Corporate Actions, Asset Servicing, and third-party service provider performance across global ...

LegalAndGeneral

Head of US Middle Office

Chicago, IL · On-site

This role oversees Trade Services, Derivatives Operations, Collateral Management, Reconciliations, Corporate Actions, Asset Servicing, and third-party service provider performance across global ...

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All JobsCollateral JobsCollateral Manager JobsCollateral Manager Jobs in Illinois

Collateral Manager information

See Illinois salary details

$26.6K

$79.1K

$133.2K

How much do collateral manager jobs pay per year?

As of Sep 9, 2026, the average yearly pay for collateral manager in Illinois is $79,147.00, according to ZipRecruiter salary data. Most workers in this role earn between $48,500.00 and $112,900.00 per year, depending on experience, location, and employer.

What does a collateral manager do?

A Collateral Manager is responsible for overseeing the management, monitoring, and optimization of collateral used in financial transactions, such as loans, derivatives, and securities lending. Their main duties include ensuring that sufficient collateral is available to mitigate credit risk, managing margin calls, and ensuring compliance with regulatory requirements. They also work closely with trading, risk, and operations teams to ensure the smooth and efficient handling of collateral across various transactions.

What are some common challenges faced by collateral managers and how can they be effectively managed?

Collateral Managers often encounter challenges such as managing tight deadlines, ensuring accurate valuation of assets, and keeping up with regulatory changes. Effective organization and strong attention to detail are essential to handle daily reconciliations and exception management. Collaborating closely with trading desks, risk teams, and external counterparties helps resolve discrepancies quickly and maintain compliance. Continuous professional development and staying updated on industry regulations also play a key role in overcoming these challenges.

What are the key skills and qualifications needed to thrive as a collateral manager, and why are they important?

To thrive as a Collateral Manager, you need strong analytical skills, attention to detail, and a solid understanding of financial markets and risk management, usually backed by a degree in finance, economics, or a related field. Familiarity with collateral management systems, settlement platforms, and regulatory tools such as TriOptima or AcadiaSoft, as well as relevant certifications like CFA or FRM, is often required. Excellent communication, organizational skills, and the ability to work under pressure are valuable soft skills in this role. These competencies ensure effective risk mitigation, regulatory compliance, and smooth operations in managing collateral for financial transactions.

What is the difference between Collateral Manager vs Credit Analyst?

AspectCollateral ManagerCredit Analyst
Primary RoleManages and monitors collateral assets to mitigate risk in lendingAssesses creditworthiness of borrowers and analyzes financial data
Required CredentialsTypically requires finance, banking, or related certifications; experience in asset managementOften requires finance, accounting, or related certifications; strong analytical skills
Work EnvironmentFinancial institutions, banks, asset management firmsBanks, lending institutions, credit agencies
Industry UsageCommonly used in lending, asset-backed securities, and risk managementUsed in credit risk assessment, loan approval, and financial analysis

The main difference is that Collateral Managers focus on managing collateral assets to reduce risk, while Credit Analysts evaluate the creditworthiness of borrowers. Both roles require financial expertise and are integral to lending and risk management in financial institutions.

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

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

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

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

What cities in Illinois are hiring for Collateral Manager jobs?

Cities in Illinois with the most Collateral Manager job openings:

Collateral Manager jobs near you
Infographic showing various Collateral Manager job openings in Illinois as of August 2026, with employment types broken down into 90% Full Time, 9% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $79,147 per year, or $38.1 per hour.

Collateral Management Consultant

Chicago, IL • On-site

BizTek People, Inc. | APA International Placement Consultants
Recruiting and Staffing Services • 51 - 200 employees
Learn more about BizTek People, Inc. | APA International Placement Consultantsexternal

Contractor

Re-posted 14 days ago

Job description


  • Job Title: Collateral Management Consultant
Work Arrangement
  • Hybrid: Primarily remote, with one onsite day per month required.
  • Location: Chicago, IL (311 South Wacker Drive)
Responsibilities
  • Inspect system-generated collateral calls for accuracy before issuance.
  • Issue and process daily margin calls for bilateral agreements under a CSA, cleared agreements, and affiliate margin.
  • Communicate directly with counterparties to ensure proper collateral exchange.
  • Post system entries in internal and industry platforms to recognize and settle agreed-upon margin calls.
  • Investigate and escalate disputes and discrepancies.
  • Settle month-end collateral margin interest with external counterparties and affiliates.
  • Perform nightly reconciliations between custodians, counterparties, and internal books/records.
  • Identify and escalate system issues to the overnight IT staff.
  • Collaborate with internal teams, including Credit, Legal, Finance, and Trading.
Schedule
  • Hours: 7 PM - 3 AM CST (Sunday - Friday)
  • Work Week: Begins Sunday at 7 PM and ends Friday at 3 AM (supporting Asian and European clients).
  • In-person training required.
Qualifications
  • Experience: 1+ years in Collateral Management.
  • Required Skills:
    • Collateral Management
    • Finance
    • Trading
    • Operations
    • Reconciliations

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