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Commercial Risk Management information

What does a commercial risk management do?

A commercial risk management professional identifies, assesses, and mitigates risks that could impact a company's financial performance or operations. They analyze market conditions, contractual obligations, and industry trends to develop strategies that minimize potential losses and ensure business continuity. Strong analytical skills and knowledge of risk assessment tools are essential in this role.

Is commercial risk management a profitable career?

Commercial risk management is generally a well-paying career, especially for professionals with specialized skills, certifications, and experience. Salaries can vary based on industry, location, and level of responsibility, but the role often offers competitive compensation and opportunities for advancement.

What is the difference between Commercial Risk Management vs Insurance Underwriter?

AspectCommercial Risk ManagementInsurance Underwriter
CredentialsCertifications like CRM, ARM, CPCU often preferredProfessional designations such as CPCU, ARM, or FCAS common
Work EnvironmentCorporate offices, client meetings, risk assessment teamsInsurance companies, underwriting departments, risk analysis teams
Industry UsageUsed across various industries to mitigate business risksPrimarily within insurance companies to evaluate policy applications

Commercial Risk Management focuses on identifying and mitigating risks for businesses across industries, often working directly with clients. Insurance Underwriters evaluate insurance applications to determine coverage and premiums. While both roles involve risk assessment, Commercial Risk Managers have a broader scope, whereas Underwriters specialize in insurance policy evaluation.

What are popular job titles related to Commercial Risk Management jobs in Illinois? For Commercial Risk Management jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Commercial Risk Management jobs in Illinois look for? The top searched job categories for Commercial Risk Management jobs in Illinois are:
What cities in Illinois are hiring for Commercial Risk Management jobs? Cities in Illinois with the most Commercial Risk Management job openings:
Commercial Risk Management jobs near you
Infographic showing various Commercial Risk Management job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 13% Part Time, and 3% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution.

Risk Management - Credit Officer - Executive Director

JPMorgan Chase & Co

Chicago, IL • On-site

Full-time

Medical, Retirement

Re-posted 17 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 493 frontline employees who took The Breakroom Quiz

73rd of 170 rated banks

Job description

Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. 

As a Credit Officer Director in Risk Management and Compliance, you will lead credit risk evaluation in the Chicago and Minneapolis regions for multifamily term loans generally ranging from $1 million to $25 million+, ensuring decisions align with risk appetite and strong risk controls. You will oversee a high-volume credit environment, provide clear guidance on complex approvals, and mentor and develop talent while partnering broadly across the business, risk and key stakeholders. 

Job Responsibilities

  • Lead and manage the Chicago risk team's execution of credit analysis in a high-volume environment, maintaining the highest standards of quality and risk controls. 
  • Evaluate and manage risk in complex transactions, including items requiring elevated approval authority and heightened judgment. 
  • Enhance market and portfolio discussions by identifying key risk considerations, highlighting relevant portfolio metrics, and surfacing emerging regional trends.
  • Cultivate and sustain strong partnerships with internal stakeholders across the business and operations to help ensure timely, well-informed outcomes.
  • Establish broad, collaborative relationships across CTL Risk functions and with senior stakeholders to support consistent regional execution. 
  • Apply relevant policies, standards, procedures, and regulatory requirements across all credit analysis activities, ensuring strong governance and controls. 
  • Implement change and lead strategic initiatives aligned with functional goals, with an innovation-minded and resilient approach. 
  • Develop individuals through active coaching, mentoring, and regular training, strengthening the team's capability and bench. 
  • Monitor industry trends and best practices in credit risk management to enhance decision-making and maintain a competitive edge. 

Required qualifications, capabilities, and skills

  • Bachelor's degree in a business or finance concentration (or equivalent experience). 
  • 10+ years of experience in commercial real estate lending, credit analysis, and/or loan workouts. 
  • Proven management background, with a track record of leading teams and effectively coaching, supporting, and motivating employees at different stages of development.
  • Strong knowledge of the Chicago commercial real estate market, with the ability to provide insights on key market themes and emerging trends.
  • Thorough understanding of multifamily property valuations and cash flow analysis, including evaluating property cash flows, valuation, and personal financial statements. 
  • Superior interpersonal, verbal and written communication and presentation skills.
  • Strong stakeholder management skills, with the ability to build collaborative relationships across risk and business partners. 
  • Demonstrated experience applying policies, standards, procedures, and regulatory requirements in credit decisioning and analysis activities. 
  • Proficiency in Microsoft Word, Excel, and PowerPoint, with the ability to quickly adapt to proprietary systems. 

Preferred qualifications, capabilities, and skills 

  • Advanced degree in a related field and/or real estate coursework. 
  • Experience managing loan underwriters in commercial real estate or agency lending (for example, Fannie Mae or Freddie Mac). 
  • Experience with proprietary credit risk management tools and related system enablement
  • Experience with large language model tools. 
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 Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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