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Collateral Manager Jobs in Illinois (NOW HIRING)

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 ...

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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 12, 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.

Managing Director, Head of Futures Brokerage - Atlas Search

Chicago, IL • On-site

Atlas Search
Recruiting and Staffing Services • 51 - 200 employees
Learn more about Atlas Searchexternal

Full-time

Posted 9 days ago

Job description

Our client is a global financial services firm with a diversified platform spanning capital markets, trading, and asset management. Due to the confidential nature of this search, the client's identity will be disclosed to qualified candidates as the process progresses.

The firm is reactivating its institutional futures brokerage (FCM) business, dormant for roughly a decade, and relaunching it in response to strong client demand, including from several of the firm's largest existing relationships who want to face a qualified FCM rather than hold assets on a non-qualified custodian. In parallel, the firm is launching a new offering giving institutional clients access to prediction markets, regulated under the same CFTC framework as listed futures and options.

The firm is seeking a Managing Director to serve as the senior risk and strategic lead for this reactivated FCM business. This is a COO-type mandate, not a client-facing execution seat. The successful candidate will help design and stand up the risk, governance, and operating infrastructure for the business from the ground up, working closely with senior leadership as the franchise scales across futures and, over time, prediction markets.

  1. Key Responsibilities Own strategic and risk oversight for the reactivated FCM business, including margin, collateral, credit, and operational risk frameworks
  2. Build out the governance, controls, and infrastructure needed to support institutional futures brokerage at scale
  3. Partner with legal, compliance, and operations on the firm's CFTC registration and ongoing regulatory framework
  4. Serve as the senior supervisor of record for the business (Series 30)
  5. Advise on and help shape the build-out of the firm's new prediction markets offering as it comes online alongside the futures business
  6. Act as a senior point of contact for institutional clients, internal stakeholders, and regulators on strategic and risk matters
  7. Bring relevant exposure to repo, collateral management, or tokenization initiatives to bear as the business evolves, where applicable
  1. Qualifications Deep expertise in FCM operations, risk management, and the CFTC/NFA regulatory framework
  2. A strategic, COO-oriented profile — someone who has built or run a futures brokerage business, not primarily an execution trader
  3. Series 7, 30 & 30 licenses required
  4. Exposure to repo, collateral management, and/or tokenization a plus, but not required
  5. Track record managing risk and infrastructure for an institutional futures business, ideally through a build-out or relaunch
  6. Strong stakeholder management skills, comfortable working across clients, compliance, technology, and senior leadership
  7. Comfortable operating in a fast-moving, entrepreneurial environment as a new business line scales within a larger, established institution

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