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Collateral Manager Jobs in Illinois (NOW HIRING)

Clear Street

Associate Director, Risk & Margin

Chicago, IL · On-site

$125K - $170K/yr

Key Responsibilities Margin and Collateral Management * Manage the daily calculation, issuance, and settlement of margin calls. * Ensure the accurate and timely management of collateral, including ...

Servbank

Commercial Loan Closing Officer

Oswego, IL · On-site

$72K - $84K/yr

Knowledge of UCC filings, lien perfection, title review, and collateral management. Skills & Competencies * Excellent verbal and written communication skills. * Strong organizational and time ...

Legalist

Content Marketing Manager

Chicago, IL

Ensure consistent messaging and visual identity across client-facing presentations and digital collateral * Manage relationships with designers, PR partners, and other external parties * Seek out ...

TrustBank

Senior Loan Operations Specialist

Olney, IL · On-site

$58K - $80K/yr

This position performs advanced loan processing, documentation preparation, collateral management, quality control, and regulatory compliance activities. The Senior Loan Operations Specialist serves ...

TRUSTBANK

Senior Loan Operations Specialist

Olney, IL · On-site +1

$58K - $80K/yr

This position performs advanced loan processing, documentation preparation, collateral management, quality control, and regulatory compliance activities. The Senior Loan Operations Specialist serves ...

TrustBank

Senior Loan Operations Specialist

Olney, IL · On-site

$58K - $80K/yr

This position performs advanced loan processing, documentation preparation, collateral management, quality control, and regulatory compliance activities. The Senior Loan Operations Specialist serves ...

TrustBank

Senior Loan Operations Specialist

Olney, IL · On-site

This position performs advanced loan processing, documentation preparation, collateral management, quality control, and regulatory compliance activities. The Senior Loan Operations Specialist serves ...

Meta

Energy Portfolio Manager, Wholesale

Chicago, IL

$160K/yr

Manage contract amendments, collateral requirements, credit provisions, force majeure claims, and other post-execution commercial matters under ISDA/EEI master agreements * Maintain organized ...

moomoo

Futures Operations Manager

Chicago, IL

Margin & Collateral Management: Monitor margin requirements, process margin calls, and manage collateral movements as well as daily net settlements in accordance with exchange and regulatory ...

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Showing results 21-40

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 Aug 19, 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.

Quality Control Manager ABL Collateral

JPMorgan Chase & Co

Chicago, IL • On-site

Full-time

Medical, Retirement

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

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 495 frontline employees who took The Breakroom Quiz

72nd of 171 rated banks

Job description

Help protect the quality and integrity of our wholesale lending operations by strengthening controls that support evolving products and processes. You'll build deep expertise in reviewing complex credit facilities and the supporting documentation that underpins them. You'll partner closely with operations, credit, and control partners while developing a strong reputation for sound judgment and objective decision-making. This role offers meaningful visibility through exception and control reporting and opportunities to expand your scope as the business evolves.

As a Quality Control Manager in ABL Collateral, you will be part of a team responsible for supporting an evolving landscape of new operational controls and product complexities. Wholesale Lending Services' goal is to provide best in class products and services to our clients that are of the highest level of quality.  To meet these standards, as the QC Manager you will be responsible for the delivery of quality reviews on the system of record for new or existing credit facilities.  

Job Responsibilities:

  • Evaluate, identify, and report any inconsistences between the supporting documentation relative to the borrowing base certificate entered in accordance with internal process and procedures.

  • Ensure exception reporting is reviewed and actioned timely 

  • Ensure control reporting is reviewed and actioned timely 

  • Adhere to policies, procedures, processes, and Key Performance Indicators
  • Collaborate with Operations, Credit, and Controls in resolving items and preparing weekly ad hoc reports when requested

Required Qualifications, Capabilities, and Skills:

  • Experience reading and interpreting loan documentation, client financial documentation, and borrowing base certificates.

  • Experience in reading general ledgers, accounts receivable/payable and inventory 

  • Understanding of the Asset Based Lending product 

  • Ability to identify client ineligibles and calculate ineligibles based on rules outlined in the credit agreement. 

  • Demonstrate decision-making skills
  • Strong oral and written communication skills
  • Analytical mindset with the ability to probe sensitive issues while maintaining the highest level of integrity and objectivity

  • Ability to prioritize tasks and pivot in response to new developments

Preferred Qualifications, Capabilities, and Skills:

  • Bachelor's Degree 

  • Intermediate use of Microsoft Word, Excel, Access

  • Experience with loan accounting systems, such as LoanIQ, Dealworks, Aurora, ACE/collateral systems

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

J.P. Morgan's Global Banking business is one of the largest wholesale banking client franchises in the world. We serve clients, including corporations, governments, states, municipalities, healthcare organizations, education institutions, banks and investors.
Commercial Banking provides credit and financing, treasury and payment services, international banking and real estate services to clients-including corporations, municipalities, institutions, real estate investors and owners, and not-for-profit organizations.

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